votes
28378
votes today
90
listed on
ETH
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What is PDX Coin ?

PDX enables individuals and organizations to utilize a transparent peer-to-peer exchanged digital currency backed by the value of energy assets – the most globally liquid and actively traded commodities, and critical energy resources for the global economy. Over the next several years we will be pivoting away from hydrocarbon reserves to entirely green / renewable energy power generating assets, and hydrogen production. Currently, each PDX token projected to be in circulation after our global public token sale represents the net recovered value of a minimum estimated 13 reserve barrels of crude oil or its natural gas equivalent, and will be supported by a basket of oil and gas assets including physical oil and natural gas, oil and gas futures or derivatives, and interests in oil producing properties with an aggregate initial value approximating the aggregate value of all PDX in circulation. In this way, PDX Coin will ultimately become a leading environmental play and a way for its token holders to participate in fueling the world's green and renewable energy needs, and the monetization of that underlying value. PDX has been structured with a view towards becoming the world’s leading safe-haven tokenized store of value. By linking each PDX token to existing and verified real world assets, PDX enables holders of digital and fiat currencies seeking to preserve wealth, lock in gain and/or avoid loss to acquire, hold and transfer intrinsic value in digital token form. In order to meet increased demand over time, the number of PDX Coins in circulation and their supporting energy assets are able to expand in tandem to maintain an approximate equilibrium between the USD price of a single PDX token and the value of the energy assets on global markets, without diluting the interests of existing PDX holders. The embodiment of PDX’ store of value in a transferable digital token will enable holders to preserve wealth and engage in commercial and consumer transactions while avoiding volatility, inflation and devaluations associated with other digital or national fiat currencies. PDX is founded and coordinated by a fully transparent, experienced and highly reputable team who will manage the operations and development of PDX and act to ensure compliance with applicable laws of the U.S. and other jurisdictions. PDX will be issued in accordance with the relevant laws in applicable jurisdictions. Transfers of PDX tokens will be subject to compliance with all applicable laws. The maintenance of PDX’ commencing energy assets and reserves will be compliant with laws governing transactions in commodities, likely including the U.S. Commodity Exchange Act. Financial statements related to PDX and its energy assets will be prepared in accordance with U.S. generally accepted accounting principles or similar standards as may apply in other jurisdictions, and may be subject to audit by a leading global accounting firm. Unlike PDX, U.S. based energy exchange-traded funds (ETFs) presently subject holders to annual tax and tax reporting obligations due to allocations of income related to the ETFs’ holdings. In contrast to ETFs, but like other digital tokens, PDX is expected to be treated as a currency in its relevant jurisdiction(s) for income tax purposes and will not allocate income related to PDX’ operations (including supporting energy reserves) to holders of PDX. Aa consequence of this structure, holders of PDX are not expected to be subject to annual tax but instead will be taxed only upon any gains (or losses) from their sale of PDX. By separating the tax attributes of PDX from the tax attributes of their underlying energy assets, PDX represents the creation of a new and unique financial instrument with potentially favorable tax treatment and return profile for U.S. and non-U.S. investors. PDX will likely be driven by Ethereum-enabled blockchain technology in order to provide a robust and decentralized method of verification, tracking and exchange. The Ethereum blockchain is expected to provide an auditable and cryptographically secured global ledger and will facilitate transactions with other familiar currencies (both fiat as well as crypto) and assets. At its core, PDX represents the peer-to-peer transferability of digitized commodity value. PDX’ unique structure, verified intrinsic value and expected much lower volatility will provide meaningful economic benefits to its holders, purchasers and sellers.

PDX Coin (PDX) Price Today :
Watchlists
Watched by 0 user
Marketcap $
?
0%
USD Price $
189.28
0.9%
Launch Date Apr 14, 2022
(2 years ago)
Date Added Apr 19, 2022
(2 years ago)
Charts :
Alternative :

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