DYK: PIVX had NO ICO and is 100% Self Funded?
Did you know that PIVX did NOT have an ICO and has a fully operational self-funding decentralized treasury system?
Unlike the majority of projects in the crypto space where millions of coins are pre-mined and offered for sale to help fund the (future) project, PIVX was built/developed 100% from self-funding. PIVX was not an ICO project.
How does it work? Up to 10% of the block rewards over a 30 day period are available to fund projects and proposals (5 PIV per block). This works out to a maximum allotment of 21.6k PIV that become available to be used and distributed through our proposal and voting system done in a decentralized manner through masternodes.
Only the PIV allocated to proposals that are submitted and voted on that pass the voting process are created and distributed. The remaining balance does NOT roll over to the next period and those coins are not even created.
Want to know more about PIVX? Join our Discord! (link below)
Find out more about PIVX at our website
Join our Discord
Join our forum
Follow us on Twitter
Follow us on Facebook
Follow us on Pinterest
Join the conversation on Reddit
Subscribe to our official YouTube channel
ALL PIVX community members, feel free to RESTEEM this article! Let’s keep spreading the word of our amazing community focused privacy centric global cryptocurrency.
Keep it purple people!
2018 - the year of PIVX!
Fun fact: PIVX is also sponsoring WQS surfer Tarnea O'meara. Tarnea has recently jumped inside the top 100 with a strong close to the 2017 season. Her current WQS ranking of 77 and just this morning won her opening round at the Vissla Great Lakes Pro.
Good luck to Pivian Tarnea O'meara for the rest of the event!!
PIVX is one of my most loved coin. I like how devs are taking this task.