Dear all,

Welcome to your weekend announcement for PRX.

As You know, we had a reward change at block 350,000 taking place this week. This meant that rewards dropped from 320 to 240 PRX per block for master nodes whereas staking rewards were reduced to 60 PRX per block. In addition, block reward frequency went also down along with this change.

This means that overall, sigificantly less PRX is being produced on each given day, which will help reduce PRX supply on the market. The PRX team feels that in the long run, This reward change will lead to a price increase. The development and implementation of use cases will undoubtedly lead to a rise in demand and consequently, PRX increases.

In other words, now is the time to get on to the PRX train by snapping up more coins, Hold them hard and wait for the ProxyNode project to develop and reach its full potential.

We are also closely monitoring other coins who are going through changes to see if any of their approaches provide them with favourable results. Rather than 'try something' only to ruin the coin. A great example is that Siz really wanted an LTC pair on the exchanges but when watching repme change from BTC only, to add an ETH pair, the price tanked from 1 sat to 2 gwei. This caused significant damage to the community and therefore we will only look at BTC pairs going forward. 1 sat is better than 0 sat.
Supply burning and swap ratio are currently being observed and we do not think this will result in success for them, but we wait and watch. Don't worry - no decision will be made without consulting the community in discord and telegram.

We Hope you have a great weekend.

#WeBuildToSucceed

The PRX Team