Use Cases for PWR (Power) Coin

Payments

PWR Coin is required for all transactions within the MaxxChain network. Whether you're sending or receiving payments, swapping tokens, or purchasing NFTs, PWR facilitates seamless peer-to-peer transactions. Miners validate these transactions, and block rewards in PWR are distributed for each block mined. MaxxChain’s low gas fees, well under $0.01 USD, make it a highly cost-effective solution compared to other Proof of Work (PoW) blockchains.

Network Fees

PWR Coin is used to cover all network gas fees associated with deploying smart contracts, transferring assets, and interacting with on-chain applications. The PoW mechanism secures the network, and miners are compensated with block rewards, making transaction validation efficient and affordable for users. MaxxChain’s network fees are highly competitive, providing a low-cost environment for decentralized applications and real-world asset (RWA) tokenization.

Integrity and Accuracy

Under the PoW consensus, PWR Coin ensures that all transactions added to the blockchain are accurate and secure. Miners work to validate and verify transactions, maintaining the integrity of the public ledger. Validators are rewarded with PWR for their computational contributions, which incentivizes the network to remain secure and reliable.

PWR (Power) Coin Supply

MaxxChain employs a PoW consensus mechanism that mints 5 new PWR coins with each successfully mined block. Transaction fees are distributed among miners, supporting the ongoing security and operation of the network. To manage inflation and ensure long-term price stability, MaxxChain incorporates a burn mechanism. Fees collected from on-chain utilities are periodically burned to offset the minting of new coins, reducing the total circulating supply.

Commencing with an initial supply of 1,000,000,000 PWR coins, the team has thus far burned over 75% of the supply, with the aim of restricting the circulating supply to enhance long-term price stability and security. The wrapped version of PWR on Base has implemented a mechanism within its PowerDrip platform that burns 10% of the rewards generated by the platform. For a full breakdown and updates of the pre-mined supply, please refer to our Knowledge Base.

How to buy PWR (Power) Coin

PWR Coin was initially listed on Coinstore but was delisted at the teams request due to the need of working with a different CEX for our market maker, XBTO. We have since listed on Bitmart and continue to review avenues to include additional exchanges when the financial and support factors are in a favorable position.

PWR is also available as a wrapped version (wPWR) on the Base chain network, backed 1:1 with the native PWR Coin. Users can seamlessly move between MaxxChain and Base using the Wizard Bridge, providing greater flexibility and interoperability for cross-chain users. Base chain is also home to a variety of dAPPs for wPWR users including PowerDrip, PowerNFT and Lotto Maxx.

Secure your PWR Coins

For maximum security, it is recommended that users store their PWR Coins in non-custodial hot wallets such as MetaMask, Coinbase Wallet, or DiveWallet. To enhance security further, coins can be transferred to a cold wallet via MetaMask, mitigating the risks associated with centralized exchanges and custodial platforms.

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