Pyxis Network(PYX) is a fully decentralized project made to seek to increase the price of tokens and rewards to the stakers over the duration. As per the whitepaper, the platform's development team optimized smart contract logic to maximize the advantage to the community. Once the contracts are positioned on the mainnet, the admin keys are burned so that the owners do not have unique access to the smart contracts, making everyone equal. There are no particular privileges for insiders, referrers, and founders. The platform claims to contain a team of passionate people who seek to bring high DeFi standards to the world.
The whitepaper also claims that the Pyxis Network solves many issues in the crypto space and offers an effortless trading experience. Also, smart contracts are non-upgradable, immutable, and have no proxy, so there will never be any modifications to them in the future. Pyxis Network is not a fork project, the concepts are fresh, and the code is written from the very beginning by the CTO. All the processes are performed through smart contracts with no human interactions. Pyxis Network is a long-term project that is evolving, and new functionalities are added with apps and new smart contracts.
PYX token is based on the Binance Smart Chain, and unchangeable smart contracts handle the operation. PYX is the primary token made for trading and staking. PYXIS token is never used to pay for marketing or development so that no one can dump the price. Token buyback takes place for increasing the token price over a period. When the stake is matured, the staking reward pool is utilized for accumulating PYX tokens for paying the stakers as the staking reward. When the stake is matured, the users can unstake for receiving the capital and the yield. The reward amount depends on the shares’ numbers from staking.
