Elkton, Maryland, United States, 7th Jan 2024 – SafuMaxx, a token built on the MaxxChain, has gained attention with its unique approach by rewarding holders with passive payments and PWR coin reflections on the MaxxChain network. The MaxxChain, an Ethereum Virtual Machine (EVM) Layer 1 Proof-of-Work (PoW) Blockchain, serves as the foundation for SafuMaxx’s groundbreaking features.
MaxxChain, SafuMaxx’s underlying blockchain, operates as an EVM Layer 1 PoW Blockchain. Layer 1 blockchains are the primary networks for executing transactions and smart contracts, providing a robust foundation for decentralized applications (dApps). The Ethereum Virtual Machine (EVM) plays a pivotal role by executing smart contracts in a decentralized manner.
Innovatively, after the first year, SafuMaxx’s interest cycles undergo halving, similar to coins that can be mined, leading to an entirely deflationary token with burns at the end of the third year. While there is no maximum wallet size, participants are encouraged to limit their holdings to 2% of the current token count. To facilitate this, SafuMaxx has implemented a no-transfer tax policy.
The PoW consensus mechanism, employed by MaxxChain, enhances network security through miners solving complex mathematical puzzles to validate transactions. The EVM, supporting smart contracts, enables the creation of self-executing agreements, ranging from simple token transfers to sophisticated dApps. MaxxChain’s decentralized nature bolsters transparency and security in the blockchain network.
Furthermore, SafuMaxx challenges the traditional high APY model by introducing a sustainable approach. The initial high APY stage lasts for three months, followed by a drop, promoting deflation with good volume and burn. The sixth month reinstates the high APY, repeating the cycle. After one year, and every subsequent month, the inflation halves, mirroring the BTC model every four years. Holders benefit from passive income in PWR, the native coin of MaxxChain, distributed as dividends based on trading volume and the percentage of holdings.
In November 2023, SafuMaxx launched Staking NFTs, which sold out in just five hours, demonstrating the project’s strong community engagement. The team is actively developing an AI-prompted NFT generation utility, further enhancing the utility and potential of the MaxxChain ecosystem.
About SafuMaxx:
SafuMaxx is a token built on the MaxxChain, offering innovative features and rewards for its holders. MaxxChain is a decentralized EVM Layer 1 PoW Blockchain, providing a programmable environment for decentralized applications and smart contracts. SafuMaxx has structured its first year into four stages, allowing participants to find their positions and keep the ecosystem dynamic during the developmental phase.
Website: https://SafuMaxx.com
Telegram: https://t.me/SafuMaxx
Twitter/X: https://x.com/SafuMaxx
Marketing Partner: crmoon
Media Contact
Organization: SafuMaxx
Contact Person: Gerry Stringer
Website: https://SafuMaxx.com
Email: Send Email
City: Elkton
State: Maryland
Country: United States
Release Id: 0701248727