PointPay ERC-20 Utility Token, PXP, is the primary payment instrument within the PointPay ecosystem that offer customers a range of perks and incentives. PXP token allows traders to dynamically reduce maker-taker fees based on the number of tokens placed in the PointPay Exchange account.
| Number of tokens on the account | Discount on trading deals |
|---|---|
| 300 PXP | 25% |
| 301 – 400 PXP | 30% |
| 401 – 1,000 PXP | 35% |
| 1,001 – 5,000 PXP | 45% |
| 5,001 – 15,000 PXP | 55% |
| 15,001 – 25,000 PXP | 60% |
| 25,001 – 30,000 PXP | 65% |
| 30,001 – 40,000 PXP | 70% |
| 40,001 – 50,000 PXP | 75% |
| > 50,000 PXP | 80% |
The number of business use cases such as priority service, coins listing, participation in IEO, etc. will steadily increase in line with PXP tokenomics.
PointPay's native PXP tokens offer higher daily compound interest on deposits in customers' savings accounts.
In the PointPay Lending Module, PXP tokens offer lower fees to borrowers and lenders.
In the PointPay Crypto Payment System, PXP tokens offer merchants lower fees for accepting payments for goods and services they sell on their websites.