About PIXBY Project
The PIXBY Passive Income Protocol is designed using the concept of cryptocurrency staking. All you have to do is, lock in the coins in the Smart Contract for a certain period of time and in return, you can expect a daily reward. In case you are wondering, PIXBY Passive Income Protocol has no connection with the Consensus Mechanism or POS. The protocol operates solely on the Ethereum network and has been written entirely in solidity. Investors don’t hold any rights to generate blocks or confirm transactions. It is more like a passive income that is being generated from your investment.
Even though all the funds will be locked in the Smart Contract, there is no chance of the PIXBY developers getting any kind of direct as well as indirect access to them. If you want a reward in return for your investment then you will probably require at least 35,000 PIXBY to freeze the assets. As it is a passive investment daily rewards can be claimed by the investors only after two days. Meant specifically to reward the long term holders, this protocol gives investors a great opportunity to freeze the idle assets and earn from it. What makes these guys perfect for the investors out there is the fact that there is no waiting for the entire unlock time. Within just 2 days one can start enjoying the rewards. While the minimum unlock time is 2 days the maximum time can be considered to be 365 days. So it’s like putting your assets to work even while you are asleep!
The protocol will be distributing 23% of the annual rewards basing on the initial investment which is again divided by the maximum unlock time, which is 365 days. So if your initial investment is 2,500,000 PIXBY then your daily reward will amount to 1,575.34 PIXBY. For realizing the initial investment, the release function in the Smart Contract has to be invoked once the unlock time has passed.
PIXBY Freelance Marketplace
PIXBY is a blockchain-powered freelance marketplace where creativity is rewarded for everyone to display their ability skills. We offer a one-stop solution to people looking for freelancers to solve various types of tasks. PIXBY will operate via a combination of PIXBY token APIs and other established software tools and applications, along with the Ethereum decentralized applications(Dapp) which will execute PIXBY tokens and minimize the need for intermediaries who make freelance market overpriced. In this case, also utilizing the decentralized blockchain network as a payment infrastructure means of providing royalties and rewarding everyone supporting the system.