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Why should each JAX coin be mathematically equal across the universe?

Jax.Network. Discover how the equality achieved with the unique reward function on shards helps ensure equality of JAX value.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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Why should each JAX coin be mathematically equal across the universe?

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  1. Why should each JAX coin be mathematically equal across the universe? jax.network

  2. As one of the native digital tokens of Jax.Network, JAX coin offers crypto stability and scalability just like stablecoins, however, using a bit different approach. It will be used for payments and also as a utility token within Jax.Network. jax.network

  3. JAX coins are only as valuable as demand for them. Therefore, the more crypto exchanges integrate JAX, the more liquidity it will have in the market, allowing more people to use it. jax.network

  4. JAX coins should be mathematically equal across the ecosystem to allow: • • • • Inter-shard communication Interchangeability Value transfer Divisibility. jax.network

  5. Inter-shard communication • Although mined on different shard chains, JAX coins must be mathematically equal across all shards to allow users using coins mined on different shard chains to transact. • To achieve an equal expected value of JAX coins on different shards, the system rewards miners proportionally to their computing power. jax.network

  6. Interchangeability • Each shard within Jax.Network is fully decentralized and appears as a separate blockchain network. • JAX coins mined on all shard chains must be mathematically equal to enable users to freely exchange the coin among themselves and other cryptocurrency users regardless of the shard from which the coin originates. • JXN represents the utility value of our ecosystem and JAX is the stable currency. jax.network

  7. Value transfer • Since JAX is a utility token within the network every JAX should be mathematically equal to ensure equity among the holders who want to use it. • That way, users will not have to pay different amounts of JAX coins for a similar product or service. jax.network

  8. Divisibility • As a stable, scalable utility token, JAX coins will be divisible, meaning you can exchange a fraction of the coin. • For fractions to represent the same value across the network, the value of each JAX coin must be mathematically equal across the world. jax.network

  9. Conclusion • For JAX to effectively achieve its purpose of being used for payments and as a utility token within Jax.Network, each coin should be mathematically equal. • This equality of value will ensure that the coin facilitates inter-shard communication, interchangeability, value transfer, and divisibility as users use it for payments and utility tokens. • This equality is achieved with the unique reward function on shards, which reward miners proportionally to their allocated computing power on the network. jax.network

  10. Are you ready to join Jax.Network? Join Now jax.network

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