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Paxo (PAXO)

Paxo is a decentralized protocol that opens up under collateralized borrowing and lending options in the DeFi space.

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Overview

Project industryFinance Services & Banking
Product typeProtocol
FoundedIndia

What is Paxo

Paxo Finance is a money market ledger where users can supply or borrow digital assets. Interest is computed as a function of time, fluctuating depending on market conditions.

The protocol's smart contracts will be publicly accessible and flexible for incorporation by diverse systems, industry dApps, and ordinary users across the globe.

  • Paxo is a trustless protocol driven by secure smart contracts. It does not rely on credit scoring or any centralized enforcement to operate.
  • Paxo allows cryptocurrency lenders to enjoy attractive, sustainable yields. Conversely, borrowers access predictable investment loans empowering them to invest in the lucrative digital asset market.
  • Paxo Finance's investment loans are used to invest in other digital assets from a connected DEX via the PAXO protocol. Afterward, the acquired asset (investment) is securely locked in our protocol until the loan is repaid with interest. If not, the asset is liquidated in an auction when it reaches the liquidation point.

PAXO token is a functional utility token which will be used as the governance token an economic incentives wich be distributed to ecourage users to exert efforts towards contribution and participation in the ecosystem on Paxo protocol.

Details

Pre-sale token supply: 60,000,000 PAXO
Token supply: 500,000,000 PAXO
Total tokens for sale: 69,000,000 PAXO
Raised: 1,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2021

Token info

Ticker: PAXO
Type: Utility-token
Token standard: ERC-20
Token distribution:
1,8% - IDO
7% - Seed Round
3% - Strategic Round
2% - Private Round
1,5% - Exchange Liquidity
6% - Market Making Loan
20,7% - Reserve
15% - Adoption, Staking, & Incentives
15% - Marketing, Acquisitions, & Licenses
15% - Team
3% - Advisors, & Consultants
10% - Development & Partnerships

Paxo Roadmap

1
Q3 2021
  • Seed round funding
  • Architecture design Development
2
Q4 2021
  • UI & testing
  • Lightpaper release
3
Q1 2022
  • Audit
  • Testnet deployment
4
Q2 2022
  • Token Launch
  • Mainnet launch with 2 pairs
  • Bug bounty launch
  • Liquidity mining commencement
  • Additional exchange listing
  • Development for multiple isolated pools
5
Q3 2022
  • Multichain token launch
  • Protocol launch on multiple blockchains
  • Additional supply markets
6
Q4 2022
  • Governance Launch Protocol to be controlled and maintained through governance
  • Addition of NFT pool

Project team

Ankur Jain
Ankur Jain
Co-Founder
Ankur Jain linkedin
Pranjal Prashar
Pranjal Prashar
Co-Founder
Pranjal Prashar linkedin
Prateek Sethi
Prateek Sethi
CTO

Advisors

Bartolome R Bordallo
Bartolome R Bordallo
Advisor, CEO Zignaly
Bartolome R Bordallo linkedin
Abdul Rafay Gadit
Abdul Rafay Gadit
Advisor, CFO Zignaly
Abdul Rafay Gadit linkedin
Avinash Shekhar
Avinash Shekhar
Advisor, CEO Zebpay
Avinash Shekhar linkedin
Dave Brown
Dave Brown
Advisor, Founder DC Crypto
Dave Brown linkedin

Social media

Paxo web-sitePaxo MediumPaxoYouTubePaxo TelegramPaxo LinkedInPaxo TwitterPaxo FacebookPaxo Github

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