Proof of No Work is a new hyper-deflationary cryptocurrency model featuring PoNW token on the PulseChain blockchain. $PoNW is an automatic reflection token that generates yield entirely on-chain via a 3% transaction tax, where 2% is automatically reflected (redistributed) proportionately to existing holders & 1% is burned.
$PoNW will be available exclusively on PulseX, PulseChain's most liquid AMM exchange.
$PoNW requires you to hold your private keys in order to receive reflection rewards, which helps protect users from counter-party risk.
Unlike staking, which requires you to pay gas fees & monitor your account to receive yield, $PoNW automatically deposits rewards into your account.
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.”
- Albert Einstein
Richard Heart is the founder of $HEX, PulseChain & PulseX. He's one of the most intelligent people in crypto & is known for his active community, as well as his teachings about the 1st principles of crypto & proper self-custody of your assets.
PulseChain solves Ethereum's fee issue by massively increasing the supply of $PLS, making each coin worth less. This allows the blockchain to charge similar amounts of $PLS as $ETH for transactions, but the USD value of each swap is much less.
$HEX has one of the most active communities in crypto, & PulseChain is mostly comprised of HEXicans. Combined with the vampire attack being committed on $ETH, & PulseChain has potential to be one of the largest communities in crypto.
Richard Heart has conditioned his followers to be willing to delay gratification. These people understand the power in buying & holding a crypto with product-market-fit & upside potential. Ideal users for any new project.
An automatic reflection token with hyper-deflationary tokenomics, no admin keys, & no hidden fees.
An entirely free-to-use launchpad/donation platform built exclusively for the PulseChain.
A 5,555 piece NFT collection, made as a tribute to Richard Heart & his teachings about self-custody.
A warning to all HEXicans to not be tricked by those seeking to vampire attack their community.
A blockchain app that allows you to filter & sort the $YKYC collection by the unique rarities of each attribute.
A blockchain app that allows you to filter & sort the $VAMP collection by the unique rarities of each attribute.
AMA about the $YKYC Collection with Mati Allin
AMA about the $VAMP collection & PoNW with HEXrayVision
Most cryptos rely on inflation of the native token to distribute rewards to users, which dilutes & ultimately harms savers. Many also have taxes or other negative externalities (such as miners of the Bitcoin blockchain or SafeMoons destructive swapandliquify function) that harm the users. But in $PoNW, users are protected & incentivized to save, as the 3% tax goes only to existing token holders & the burn wallet (a dead address no one has access to), offering passive yield to holders.
For a variety of reasons, but most notably, because their communities are small & often lose interest in a project quickly. Project founders often don't provide unique value of any kind, which causes users to venture elsewhere. Also, the above-mentioned swapandliquify function, which is present in the majority of reflection tokens, causes unintended inherent sell pressure that is not adequately offset by reflections. So when your chart is built to go down and to the right, its hard to onboard new users, let alone maintain your existing ones. $PoNW removed this function from its contract entirely.
PoNWDev, a pseudo-anonymous solo developer with a background in economics, finance & cryptocurrency speculation.
Nothing about these projects are in any way intended to scam anyone. I was inspired to create everything after witnessing many flaws in the current economic system, both in the physical world & the crypto world. I believe I have solved the glaring economic flaw in most reflection tokens, & I want to share these ideas with the world, in an effort to help people stop getting scammed in the reflection token space. I am under the opinion that if you were to take $PoNW's economic model & compare it to any of the most popular reflection tokens ever, $PoNW would outperform every one of them if everything were equal (average volume, transaction size, holders, etc.). It would be a scam if I were to promise you price appreciation of your tokens, I'm not doing that. The only thing that is promised to appreciate in the $PoNW ecosystem is your account balance (and even that comes with the caveat that there must be volume to receive reflections).
To harness the power of hyper-deflation, as well as compound interest & to earn free tokens passively by simply practicing proper self-custody of your crypto assets. All crypto assets can go up & down in price at any time, but whether $PoNW goes up or down, you will still earn free tokens via the automatic reflection model. Plus with each transaction, you earn both a larger percentage holding of the circulating supply, & a larger percentage of each reflection, as the circulating supply is constantly being decreased. Meanwhile your account balance is constantly being increased. The best of both worlds.
Reach out to the Dev or the Proof of No Work community on Twitter or Telegram (links in navbar & footer).