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.
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. In particular:
Being sold in the current Private Placement round to at a discount to the slated opening initial trading price on exchanges
Potential for very large price upside at each stage of token listings and public sales, and as we release new product offerings and enhanced solutions
PDX is linked to physical assets and not thin air, so is expected to be more price-stable as a result, but still with plenty of upside in the price. Huge base of energy assets underpinning PDX
Proven banking, energy, and technology team with solid track record of delivering
Leading-edge world-class technology with ongoing R&D. Secure Blockchain technology built on the Ethereum ERC20 Protocol
Built in multiple strong security features to avoid token theft
Fully transparent and audited
A reliable store of value
Hard cap on the number of tokens that can be issued
Will be tradable worldwide outside of the traditional banking system
Designed for both business and consumer use in anonymous transactions
Developing industry-leading mobile apps for global payments and transfers, linked to a digital banking capability, and exchange products
Exchangeable for major world currencies and other cryptocurrencies
Developing apps for payments for all manner of goods and services
High-speed and cheap global funds transfers, peer-to-peer
New applications being developed in retail, health care, etc.
Will be highly liquid
Expected to be a top 10 cryptocurrency after the global token sales events conclude
Credit and debit cards available through our own bank
Full suite of other online banking services available, worldwide
Viable trading and investment instrument
Larger and vastly superior to 99% of all other current cryptocurrencies
Globally compliant with all rules and regulations
Real customer support 24 / 7, unlike most other cryptocurrencies
Post-Global public token sales, EACH projected token in circulation will be backed by over 13 barrels of proven and recoverable energy reserves, pivoting to 100% green energy over next few years