Project X Open Source belongs to its citizens, and it makes sense we should support our own. PXOS Nesting process lasts 12 months, every trimester a review will take place and based on the voting approval and progress we will provide more funding. PX Token holders will be in charge, the project will the most votes accumulated will be the winner for that year, and will get from 10MM to 100Millions PX Tokens = 2MM to 20Million US dollars. Initially, we will provide 1.25 Million PX tokens per project with a US value of $250,000 to the top 20 participants at each stage, based on innovation, security, user-friendly and reach projects will be evaluated.
Incentivizing DEVELOPERS to create DApp using PXOS, a DECENTRALIZED MULTI BLOCKCHAIN & SMART CONTRACT PROTOCOL
Project X Open Source, belongs to the people and it makes sense we should support our own. PXOS Nesting process lasts 12 months, at each state we will provide different funding rounds, PX Token holders will vote on the project they like the most, the project will the most votes accumulated will be the winner for that year, and will get from 10MM to 100Millions PX Tokens = 2MM to 20Million US dollars. Initially, we will provide 1 Million PX tokens with a US value of $200,000 to the top 20 participants, each stage, based on innovation, security, user-friendly and reach projects will be evaluated.
Decentralized app: The core resource of an open source project is its source code. By using PXOS's multi blockchain developers get many options
A decentralized application (DApp), created on PXOS, a DECENTRALIZED MULTI BLOCKCHAIN & SMART CONTRACT PROTOCOL. While we don't restrain developer from using our Private Blockchains, for the purpose of this nesting project and duration of one year, all DApp's competitor will need to be deployed on PXOS public consensus.
1MM to 5MM in PX tokens = $200K to $1Million US Dollars, split into stages, paid out over achieved deliverables based on votes and progress.
From 10MM to 100Million PX Tokens = $2Millions to $20Millions US Dollars depending on the project size and needs.
Proof of concept of the smart contracts for the decentralized application. Alternatively, a whitepaper researching the implementation of the whole stack
Details of the team members, alongside with their willingness in terms of implication
Estimated average burn rate for completing the deliverables
Legal structure, ownership with vesting times to be adopted, if any
With PXOS NESTING we are supporting projects that are not financially sustainable yet but are crucial to PXOS Foundation, BlockChain, and Technology.
PXOS NESTING will do its best to provide sustainable methods of funding to selected DApp Project.