[PRE-ANN][MASTERNODES][POS] A U D A X - Ecommerce-Focused Digital Currency


The AUDAX Project is a coordinated and dedicated push towards the furtherance of the adoption of cryptocurrency in ecommerce, in order that the potential benefits of digital payments become a reality to both merchant and buyer alike. One of the project’s main tools in this venture is its cryptocurrency, AUDAX.

AUDAX is a decentralized digital currency that facilitates fast, secure digital payment for the ecommerce industry, without negative disruption to how merchants receive their funds or how buyers access, acquire or spend cryptocurrency. A key component of the AUDAX vision in pursuance of the above stated objective is the establishment of an ecommerce platform, where cryptocurrencies will be the main methods of payment, with discounts offered on purchases made using the AUDAX coin.


Coin Specifications:

  • Name: Audax
  • Symbol: AUDAX
  • Consensus Protocol: 100% Proof of Stake 3.0
  • Block time: 60 seconds
  • Difficulty Retargeting: Every block
  • Maturity: 50 blocks
  • Minimum Staking Age: 3 hours
  • Max supply: 200 million
  • Block reward: 20 coins
  • Masternode reward: 8 coins
  • PoS reward: 8 coins
  • Governance/Development: 4 coins
  • Masternode Collateral: 150,000 coins
  • Premined coins: 3.25%
  • Governance type: On-chain
  • Hash type: SHA256

Initial Distribution:

There will be a total premined amount of 3.25% of the total supply. 1.975% of the total supply will be made available at launch to investors interested in staking or owning masternodes to help support the network. 1.275% of the total supply will go to the Audax Development fund.


Other Project Features:

  • Audax marketplace - the ecommerce platform that will accept multiple cryptocurrencies, but apply significant discounts for purchases done using AUDAX
  • Masternode Sharing - service built primarily to provide masternode sharing services to AUDAX holders who may not yet hold enough collateral for full masternodes

Timeline:

The AUDAX blockchain is currently in testing on the test network. if you would like to join the on-going tests, do join the AUDAX Discord server for instructions on how to do so.

After the current iteration of testnet, there will be further review of the code, and then mainnet will launch tentatively in about 3 weeks. We will announce specific dates and timelines shortly. In the meantime, please feel free to join the AUDAX Discord server, where you can follow developments more closely.


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Cant wait for it to launch :grin:

Just 1 week to go fo rthe AUDAX Mainnet launch!

Join the countdown on our Discord server https://discord.gg/2Dz3mjm

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We are happy to announce the successful launch of the A U D A X Network!

We are currently monitoring the network and will release the official wallets once we attain solid network stability.

Thanks to everyone for being on board as we embark on this journey to make a positive impact and contribution to the worlds of Cryptocurrency and Ecommerce!

Reservations for the AUDAX Presale is now open!

You can reserve your packages between now and 30th June 2019. After that date, confirmed buyers will receive their coins.
The Presale will end on July 4th 2019 @ 6pm UTC. We are offering for sale the following packages:

20 Masternode packages

  • Each package has 150,000 coins (the masternode collateral)
  • Each package is being offered for sale at 0.6 BTC

20 Staking Packages

  • Each package contains 10,000 coins
  • Each package is being offered for sale at 0.04 BTC

To register your interest:
For full instructions, please go to the announcement channel on our Discord Server: https://discord.gg/aEXSQXK

If you have any questions, please ask them in the #presale_discussion channel.

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The AUDAX Network is stable, and we have now released our official wallets.
Please download wallets at our Github here:

GitHub: github.com/theaudaxproject/audax/releases

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