We decided to deploy our crypto as a token so members and investors of the token can be assured of complete decentralization and transparency.
By deploying on the Waves Platform we can utilize third-party wallet and blockchain explorers, which are outside of our control and our development.
We also remove any requirement for PreneurX to maintain its own wallet code, apps, and nodes, which mean that members can use, hold and trade the token safe in the knowledge that the work carried out by Waves will directly support our token deployed on the platform.
Payment Of Dividends
PreneurX is the first cryptocurrency offering an equity position with returns based on revenues. PreneurX is selling shares in our company, entitled to dividends.
Crypto is often a bad deal for investors, with no fundamental value, only speculation. PreneurX is setting an example, members and investors deserve part of the company they`re investing in.
Every quarter PreneurX will pay out 40% of net profits through dividends. Anyone holding coins will be able to receive their profit share of dividends in Bitcoin, Ether, Monero or Bitcoin Cash.
By allowing off-blockchain dividend requests and using cryptocurrency for payouts, members and investors receive dividends with an unprecedented amount of privacy.
We anticipate the first distribution of dividends by month 12 of full operations. Dividend payments will be done through our membership portal.
We project that by month 36 the annual run-rate will be approximately $78 million in gross revenue, from 119,200 members in 115 countries generating more than 1,500,000 transactions per year, utilizing coins, products, and services deployed on the PreneurX platform.
Take a look at the 3-year financial projections below.
|Year 1 – 2019||Year 2 – 2020||Year 3 – 2021||M36 Run – Rate|
|#Countries, by end of year||32||73||115||115|
|#Members, by end of year||24,300||79,400||119,200||119,200|
|#Transactions, for the year||291,600||952,800||1,430,400||1,511,300|
|Total Fixed & Indirect Costs||2,194,000||4,460,000||5,940,000||7,320,000|
|Net Profit / Cash Flow||10,928,000||38,416,000||58,428,000||63,600,000|
Token Supply And Specifications
Approximately 500 million tokens ($1) will be issued and outstanding on the Waves Platform using a smart contract.
The PreneurX token will comply with tokens standards and will be freely transferable on the platform.
PreneurX tokens will represent shares of the company and will give the holder of these tokens the right to redeem dividend payouts.
PreneurX tokens will also be tradeable on the Waves decentralized exchange (DEX).
We are reserving 100 million tokens for other uses. These token shares will be used to pay for promotions, exchange listings, commissions, competitions, and bounties.
These tokens are not being sold, and are not outstanding, and do not increase the market cap.
Any tokens not sold will be burned, that is, taken out of circulation, which reduces the total number of outstanding shares, and increases the value of issued token shares sold.
Decentralized Exchange (DEX)
The way the decentralized exchange works on the platform is that funds are always stored on the user’s own wallet, and not controlled by a single entity.
Fiat Gateways such as USD/EUR will allow you to exchange the token issued on the platform for “real” money, which can be deposited in a bank.
All transactions between cryptocurrency to fiat or fiat to cryptocurrency will be recorded on the blockchain. This is like mixing the best of both worlds.
The decentralized exchange is powered by a matcher, which stores user orders and sends token exchange transactions for fulfilled orders.
In other words, the matcher only compares orders and users retain complete control over their funds.
Fastest Blockchain In The World
Waves NG is making the platform easier and faster. It allows us to handle hundreds of transactions per second and means we are the fastest blockchain in the world.
Bitcoin-NG was designed to address bitcoin’s scalability issues, increasing network throughput to hundreds of transactions per second.
Waves-NG adapts this proposal to Waves’ proof-of-stake consensus and is the first ever implementation of the protocol in a production blockchain system.
Third Party Wallet
Your funds are stored in a blockchain address that only you control. You are the only person who can access your cryptocurrency.
It’s a fully-featured client that lets you access all features of the platform. It offers fiat integration, fast speeds, an intuitive interface.
It’s also constantly being updated. It allows to store, track, transfer and manage your cryptocurrencies.
The wallet has a built-in decentralized exchange platform (DEX) that can be used to exchange assets, cryptocurrencies and fiat tokens.
We cannot offer direct wallet support, however, we would recommend Waves Wallet as the main wallet for members and investors.
Please, make sure that you are importing the correct seed phrase because even a single character will generate a completely different wallet address.