Establishing JaxCoin as a universal store of value

1. Establishing JAX as a universal store of value jax.network

2. Standards of economic value are entities upon which the cost of a transaction is agreed upon across different demographics. Presently, standards of value are based on currencies and are distributed globally as floating exchange rates. jax.network

3. Jax.Network is a universal payment system where users can transfer value in a decentralized chain. This value is transferred in the form of the blockchain native token - JAX. jax.network

4. What are the criteria for a "universal store of value"? • A commodity with the highest salability is regarded as the best store of value. • Salability means the simplicity of transferring value from one market to another at any time without incurring any losses. • Goods salability is often determined in three dimensions of time, scale, and space. jax.network

5. What are the criteria for a "universal store of value"? • JAX is easily divisible into smaller units and subunits depending on the designated value that one seeks to transfer. • This divisibility makes it possible for transaction participants to quantify a trade-in value, whatever size they desire. We can therefore say, JAX has high salability across scales. jax.network

6. What are the criteria for a "universal store of value"? • The next dimension defines the ease of transporting, transferring, or distributing value from one geographical location to another. • JAX can be transferred from a trader in Denmark to a merchant in the USA through the Jax.Network blockchain ecosystem. Therefore, we can say JAX has high salability across space. jax.network

7. What are the criteria for a "universal store of value"? • Finally, the third dimension is the salability of time. • It describes a universal standard of value that can be transferred from one entity to another at any time, holds reliable value in a future time, remains stable and bulletproof from counterfeiting, corrosion, rot, and high volatility. Time salability also ascertains a standard of value that must never be subject to any unpredictable surges in supply. jax.network

8. Conclusion How JAX qualifies in the above criterion as a universal store of value: • First, the supply of JAX is tied to a cost-based mechanism to satisfy the salability of time. • JAX is backed by the efficiency of GPU and ASIC equipment. Excessive money printing by central banks can break trust by spurring inflation. jax.network

9. Conclusion • The issuance of too many coins results from mining efficiency and will always have a downward effect on the price of a digital currency. • To ensure this doesn’t occur, a K-coefficient is introduced in the network that adjusts the cost of production so that it remains stable over time. jax.network

10. Conclusion • The supply of more coins is based on whether miners can allocate extra computing power to the shards or not. • The miners need to have the computing resources to sustain a new shard, making the mining and creation of new coins relatively responsible by ensuring that coin issuance is market-driven. jax.network

11. Conclusion • If there is no new demand for JAX coins, miners have no incentives to print them. • Besides, JAX is divisible into convenient units that can quantify the proper value of a commodity. • Jax.Network is fast and reliable to transfer JAX coins across time and space, lowering the transaction cost without losses. jax.network

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