Paxi NetworkPrice

(PAXI)

Paxi Network is a decentralized Layer 1 blockchain built using the Cosmos SDK and the CometBFT consensus engine. Designed for high speed and low transaction fees, it serves as a general-purpose infrastructure for Web3 applications. It supports smart contracts through CosmWasm and enables seamless cross-chain interactions via the Inter-Blockchain Communication (IBC) protocol. The project emphasizes simplicity and inclusive decentralization, aiming to provide a robust platform for developers and users within the broader Cosmos ecosystem.

Paxi Network distinguishes itself through its approach to inclusive decentralization. Unlike many networks that favor only large stakeholders, Paxi utilizes a hybrid validator model. Under this system, a significant portion of validator slots are allocated based on staking weight, while the remainder are selected randomly. This unique mechanism allows smaller token holders to actively participate in securing the network, preventing centralization and ensuring that the barrier to entry for network governance and security remains low for the community.

To participate in the rewards program, users must download the official PaxiHub app and create a non-custodial wallet. For the airdrop, users navigate to the dedicated portal within the in-app browser and complete Proof-of-Personhood verification, which involves phone and face authentication to prevent bot farming. Once verified, new users can receive a sign-up reward using an invite code. Additionally, the app features a daily check-in mechanism that allows active users to earn rewards consistently for their engagement.

The PAXI token serves as the native utility and governance asset of the Paxi Network. It is primarily used to pay for transaction gas fees on the blockchain, ensuring the network remains operational. Token holders can also stake their PAXI to earn rewards and contribute to network security. Furthermore, PAXI is used for governance, allowing holders to participate in the decentralized autonomous organization (DAO) by voting on key proposals that shape the future development and direction of the ecosystem.

PAXI is available for trading on prominent cryptocurrency exchanges, including LBank. It can also be found on Cosmos-native decentralized exchanges like Osmosis. For asset management, the project provides the PaxiHub mobile app, a non-custodial wallet. Users are solely responsible for their 12-word recovery phrase and are advised never to share it with anyone. The project implements verification steps for rewards to ensure sybil protection, maintaining the integrity of the token distribution across the community.

Paxi Network is designed to be highly accessible for those interested in supporting its infrastructure. One of its standout features is the low barrier to entry for becoming a validator. Unlike many other Layer 1 chains that require significant capital investments, individuals can apply to be a validator with a relatively small requirement of native tokens. This system allows a wider range of community members to earn rewards while contributing directly to the decentralization and security of the Cosmos-based blockchain.