PSX Token White Paper

last year

PSX Token - PsyberX Social White Paper

Abstract

This white paper provides a comprehensive technical and conceptual overview of the PSX token, a revolutionary Web3 Gaming Curation Reward token with integrated DeFi incentives. The paper outlines PSX's architecture, functionalities, tokenomics, distribution model, and its role in supporting Hive Games.

Introduction

PSX token, short for PsyberX Social, is an innovative Web3 Gaming Curation Reward token designed to facilitate the curation of quality content related to Hive Games. It employs decentralized finance (DeFi) mechanisms to incentivize community participation and drive engagement within the Hive ecosystem.

Architecture and Functionality

PSX Token Standard

PSX is a token built on the Hive blockchain, adhering to the established standard for interoperability within various decentralized applications (dApps) and platforms via the TribalDEX UI.

Curation and Reward Mechanism

PSX enables token holders to stake their holdings for curation purposes, effectively curating and promoting Web3 gaming content on the Hive platform. Users earn rewards proportional to their staked amount and the quality of the curated content.

Play-to-Earn DeFi Rewards

An essential feature of PSX is its integration with the DRIP DeFi platform. A portion of the pre-sale proceeds is utilized to acquire DRIP tokens, which are staked to generate DeFi rewards. These rewards are distributed to the top 100 PSX token stakers weekly, providing a play-to-earn incentive for the community.

Tokenomics

Total Supply

The maximum total supply of PSX tokens is set at 42 million.

Initial Distribution

The initial distribution includes a pre-sale releasing 2.5% of the total supply (1,050,000) at a rate of 0.01 HIVE per PSX token on Hive Engine (HE).

Allocation Breakdown

5% for initial DeFi development and service repayment.
5% held in reserves for server fees.

Future Allocations and Community Involvement

50% of the pre-sale proceeds will be used to purchase and stake DRIP, distributing DeFi rewards to the top 100 PSX token stakers and backing PSX with DRIP assets.
40% of the pre-sale proceeds will be used to power up HIVE, backing the token with HIVE value and compounding a 2.97% APR plus curation gains.

Community Engagement and Airdrops

November 1st public sale will release 1,050,000 tokens at 0.02 HIVE each.
Sustainable LVL Airdrop: Holders of LVL tokens can claim a PSX delegation at a 10:1 ratio, providing lasting support without the ability to sell these tokens.
Founders Sustainable Airdrop: Founders have the option to claim 10,000 PSX delegations by contributing to the curation of Hive Gaming content.
The @psyberx account will provide ongoing HP delegation, curation assistance for Hive Gaming-related, high-quality content. PSX will reciprocate with 100,000 PSX delegation and 10% of the DRIP rewards. (@psyberx will not collect staking rewards)

Transparency and Governance

DRIP Rewards: 40% of DRIP rewards will be compounded (staked), 10% allocated to @psyberx, and 50% distributed to the top 100 staking PSX token.
Liquid Hive Post & Curation Rewards: Liquid Hive will fund server fees, and the remainder will be utilized for token buy-backs.
Delegation Reward Use: Periodic power-downs will maintain a healthy token economy, supporting buy-backs and development upkeep.

WP.psx.png

sofi defi psx whitepaper pimp neoxian inleo ctp hive-engine thgaming

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10 comments

@dewabrata72

last year

when can we claim that PSX delegation and do the LVL in LP get counted too?

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@psyberx72

last year

Founders elected to wait for the bull run so we are launching now to establish a healthy buy back stack to ensure there is plenty of exit liquidity. It will either be bull run or we raise enough funds it just makes sense to launch and founders vote it to be so.

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@bitcoinflood79

last year

I'm in but the only worry I have is how reliant on the DRIP token it has. Are you also the creator of the DRIP token? What happens if something ever gets jacked up with the DRIP token? What then since so much seems to be vested into it.

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@dynamicrypto73

last year

I am not, this is a @thorlock project, he seems to be an ok guy and when researching what DRIP has invested in, largely covering Hive games, we wanted in.

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@psyberx72

last year

DRIP invested nicely into S & S and today picked up 100,000 PSX tokens! Not that this makes them more trustworthy yet certainly got our eyes on them!

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@biyimi68

last year

So much great work been put into psx token and this is good to hear

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@psyberx72

last year

Thank you!

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@kaibagt71

last year

Very nice!

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@psyberx72

last year

Thanks

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@rzc24-nftbbg69

last year

Holders of LVL tokens can claim a PSX delegation at a 10:1 ratio.

When can we see this implemented?

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@psyberx72

last year

Founders elected to wait for the bull run to launch the reward pool so we are launching token now to establish a healthy buy back stack to ensure there is plenty of exit liquidity. It will either be bull run or we raise enough funds and it just makes sense to launch, and of course if the founders vote it to be so.

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@tsnaks67

last year

Why only distribute rewards to top 100 PSX stakers and not everyone ?

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@psyberx72

last year

development and amount of holders / stakers, in time we plan to increase it to include many more people! Already have weekly payments planned instead of daily to incorporate more with less micro transactions and will continue to adapt for growth and inclusion!

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@justgl247-1

last year

!PIMP

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@thepimpdistrict60

last year

^{You must be killin' it out here!}
^{@justgl247 just slapped you with 1.000 PIMP, @psyberx.}
^{You earned 1.000 PIMP for the strong hand.}
^{They're getting a workout and slapped 1/1 possible people today.}

pimp_logo

^{Read about some PIMP Shit or Look for the PIMP District}

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@psyberx72

last year

!PIMP

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@thepimpdistrict60

last year

^{You must be killin' it out here!}
^{@psyberx just slapped you with 1.000 PIMP, @justgl247.}
^{You earned 1.000 PIMP for the strong hand.}
^{They're getting a workout and slapped 1/2 possible people today.}

pimp_logo

^{Read about some PIMP Shit or Look for the PIMP District}

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@hiro.juegos65

last year

Curated and voted 100% by Selection of the best articles about Games and eSports in Hive.

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@djbravo72

last year

One must invest money in such projects because the next time is once again for the gaming industry and such projects will see us succeed again.

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@operahoser59

last year

!PIMP
🤘
!PGM
The internet and my heart intersect in this vicinity.

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@thepimpdistrict60

last year

^{You must be killin' it out here!}
^{@operahoser just slapped you with 1.000 PIMP, @psyberx.}
^{You earned 1.000 PIMP for the strong hand.}
^{They're getting a workout and slapped 1/2 possible people today.}

pimp_logo

^{Read about some PIMP Shit or Look for the PIMP District}

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@pgm-curator55

last year

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP tokens

_{remaining commands 14}

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

Discord

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

_{I'm a bot, if you want a hand ask @ zottone444}

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