Kriptoks

POLYX (PXT) is a groundbreaking rewards token built on the Binance Smart Chain (BSC) that leverages the power of Polygon (MATIC). As an Ethereum token that fuels the Polygon Network, MATIC plays a vital role in the blockchain ecosystem. POLYX, designed to be the premier Polygon rewards token on BSC, aims to enhance decentralization technology by serving as the governance token for PolyXSwap—an innovative decentralized exchange (DEX) platform with farms, pools, and a lottery system.

At its core, POLYX aims to create a robust DeFi ecosystem that empowers users to manage their crypto assets with utmost security. The platform has introduced the POLYX token (PXT) and the PolyXSwap DeFi platform to realize this vision. By integrating POLYX and PolyXSwap, the ecosystem offers lucrative rewards to traders while driving decentralization forward. With PolyXSwap, traders can stake PXT tokens and earn PXT rewards on the network.

PolyXSwap sets out to revolutionize the way users swap crypto coins from wallet DApps. Unlike traditional exchanges, there's no need to register or use separate applications for trading on PolyXSwap. Leveraging the advanced speed and low fees of the BSC, PolyXSwap enables instant and cost-effective trading for its users.

The unique taxation system of PXT positions it as a prominent yield farming token in the decentralized finance (DeFi) landscape on Binance Smart Chain (BSC). PXT token holders enjoy lifetime passive income through the reward of Polygon (MATIC). The automatic distribution of Polygon MATIC to PXT traders occurs seamlessly through the platform's distinctive taxation system, which applies to every PXT transaction.

In terms of tokenomics, the POLYX ecosystem imposes a 15% tax on every transaction. Out of this, 4% is dedicated to supporting the liquidity pool, ensuring a healthy and vibrant market. Additionally, the platform distributes 7% of the tax as rewards in Polygon (MATIC) to token holders, incentivizing participation and long-term engagement. Furthermore, 4% of the tax is allocated to global marketing efforts, expanding the reach and awareness of POLYX.

The POLYX journey began on September 3, 2021, with the release of the POLYX token. As outlined in the audit paper, the smart contract address serves as a testament to the transparency and security measures employed by the project.

In conclusion, POLYX (PXT) is set to revolutionize the DeFi landscape on the Binance Smart Chain. By harnessing the power of the Polygon Network, POLYX aims to empower users, enhance decentralization, and provide a seamless trading experience through the PolyXSwap platform. With its unique taxation system and attractive rewards, POLYX offers traders the opportunity to earn passive income in the form of Polygon (MATIC) while actively shaping the future of the protocol through governance participation. As the journey unfolds, POLYX remains committed to driving innovation, security, and accessibility in the world of decentralized finance.