Audax
Audax
Jun 24, 2019 · 2 min read

Introducing: AUDAX — E-Commerce-Focused Digital Currency

AUDAX is the open-source digital currency that forms the core of Project Audax, a dedicated contribution towards encouraging and enabling the mass adoption of cryptocurrency in e-commerce.

AUDAX brings fast, secure digital payment to the e-commerce industry, without negative disruption to how merchants receive their funds or how buyers access, acquire or spend cryptocurrency. Thus, the primary focus of AUDAX is not necessarily a tech-oriented one as appears to be prevalent in the Cryptocurrency space in recent times: the primary focus is to contribute towards the facilitation of a healthy, symbiotic relationship between the ever-growing e-commerce industry and the rapidly progressive blockchain-based digital payment space. At the core of the AUDAX Vision is a determination to pursue global adoption of cryptocurrency in commerce — bringing faster transactions & lower merchant fees.

Besides having AUDAX as its primary tool in contributing towards mass adoption of cryptocurrency in e-commerce, the Audax Project will be building e-commerce platforms that will serve as marketplaces for buyers and sellers. The marketplaces will provide platforms to buy and sell products and services where cryptocurrency will be preferred — purchases paid for with AUDAX will be discounted.

Features

AUDAX features a solid, incentivized and collaterized Masternode network that plays a vital role in supporting the stability and security of the AUDAX blockchain, among other roles. Using blockchain-based social consensus, Masternode owners can vote on the disbursal of funds blockchain-based social consensus, ways that are beneficial to the AUDAX network and eco-system.

AUDAX’s distributed consensus is achieved through a stable, eco-friendly 100% Proof-of-Stake (PoS) version 3.0 mechanism. Node owners receive staking rewards for supporting the network.

Consensus Protocol: 100% Proof of Stake 3.0
Block time: 60 seconds
Difficulty Re-targeting: Every block
Block time: Maturity: 50 blocks
Minimum Staking Age: 3 hours
Max supply: 200 million
Block reward: 20 AUDAX
Masternode reward: 8 AUDAX per block
PoS reward: 8 AUDAX per block
Governance: 4 coins per block
Masternode Collateral: 150,000 coins

Presale

AUDAX is currently offering Masternode and Staking packages in an on-going Presale. For more information on the details of the presale, please stop by at the AUDAX Discord server https://discord.gg/2Dz3mjm.

For more details on the Audax Project and the digital currency AUDAX, stop by at https://www.audaxproject.io.

AUDAX links:

Twitter: https://twitter.com/audaxcoin
Discord: https://discord.gg/2Dz3mjm
BitcoinTalk: https://bitcointalk.org/index.php?topic=5149788
Telegram: https://t.me/audaxcoin

Enabling mass adoption of cryptocurrency in commerce

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