Hello,
There have been some exciting things emerging behind the scenes with the Developers and we would like to give the Aerium Community some insight!


As we all know, there will be a Coin Swap being conducted in the very near future. For this Coin Swap, the Developers have decided that we will be forking PIVX! PIVX is a very well-established, privacy coin that utilizes the Zerocoin protocol for next level privacy, Masternodes for network security and is also Proof-of-Stake. With this new development comes some complications that we as a Community will need to address. One of the bigger problems is that PIVX does not have a Max Supply. The Aerium team would like to state their position on the No Max Supply and why it can work.


                                                                                                                                                                                                                                                                                                The way PIVX is coded, the block reward is fixed at 4.5 PIVX every minute, this will never increase nor decrease. This accounts for around 4% inflation. However, PIVX has a “soft cap” (a cap on the number of coins produced when a certain condition is met). This soft cap condition is met when there are roughly 15 transactions occurring on the blockchain, the blockchain will start burning the same amount of coins as it is generating. What this means, is that every transaction fee, coins are destroyed/removed from circulation and at around 15 transactions per second, the coin supply burning is equal to the amount that is being generated, creating a neutralizing effect which essentially causes a “soft cap” on the max supply.



Of course, the fork will be coded to meet Aerium’s parameters. Like the 4.5 PIVX block reward will be changed to meet the 10% block reward, the amount of coins needed for a Masternode won’t be the same as PIVX and things of this nature. However, as far as forking PIVX and allowing a seamless transition during the Coin Swap, the limitless supply has to be an option and we recommend it. There is still is a possibility that a hard cap can be executed on the new Aerium Coin. Though, the actual Coin Swap itself won’t be as seamless and because of the perpetual coin burn that PIVX undergoes. If you put a hard cap on the coin, there will eventually be no coins at all. This all would have to be altered during the initial development but can also cause some bugs as we proceed with this evolution.                                                             



Also, both Cryptobridge and Stocks.Exchange gave us the green light on the Coin Swap. Our team is covering the cost associated with re-listing on Stocks.Exchange. We will be taking questions regarding any of these evolutions in the general chat and on our Telegram chat!
                                                                                                                                                                                                                                                                                 
References: pivx.org knowledge base

Remember, we are not forking PIVX blockchain, but we are using PIVX code as a basis