Community UPDATE; Tokenomics, Burns, Lockups, Listing, Launch & Revenue Distribution

Tokenomics

The updated tokenomics detailed in our previous update have been made official. You can view the latest changes below, these changes have also been reflected on our homepage. Version 4.0 of our whitepaper will be released soon reflecting these changes in addition to how we will deal with unsold tokens.

New Smart Contract, Locks & Burns

A new PUX smart contract has been deployed in order to get rid of the 10 million PUX held by LBANK.info.

Rest assured that there is nothing you have to do to receive your new PUX tokens, the new tokens are already in your wallets, to view your new tokens follow the same steps as last time using the following information:

PUX Token address : 0x5f16Fa0B5c9d779a3C8d46859a27973Ff3511188

Token Symbol : PUX

Decimals: 18

Team, partner & advisor contracts have been locked via smart contracts as promised. We are currently concluding the token burn.

Once the token burn has been executed the proofs of burn and lockup will be made public via a separate release.

Do note:

- The old PUX tokens have been paused and you can no longer move them.

- The current PUX tokens are locked; the lock will remain in place until PUX is listed and trading resumes; we have had many cases of P2P trades gone wrong, two community members have come to the team with proof that they have been scammed, unfortunately there’s nothing we can do but prevent it using this lock.

Exchange Listing

We can confirm that a small IEO will run on an upcoming Chinese exchange, this will be your last chance to purchase PUX.

More than fund raising, the purpose of the IEO is to leverage The Chinese Market which we have been heavily marketing for the past few weeks. This should give pukkamex a broader reach and help increase our user base and in turn our revenue which supports token price.

The IEO date is set for the 26th September, trading starts 28th September. More details will be available after the information is made public by the exchange.

Launch

We are now able to confirm the launch date being October. The first round of revenue distribution will occur on the first Sunday following launch, should the launch take place on a Saturday, the first round of revenue distribution will happen on the Sunday after next.

We can also confirm with 100% certainty that there will be revenue to be distributed on the first week; we have recently struck a strategic partnership to guarantee that; the details of the partnership will remain confidential as per the counterparty’s request.