What is Pakx?

Hello, my friends. This is my first post supporting an investment token named PakX. I don't have much information about it, but I know enough about Pakx to encourage you to check it out. After reading the name Pakx, you might be wondering what it is. So, let me explain in detail.
How does Pakx get HP?
Pakx receives HP from its delegators. For example, if a person wants to delegate their Hive Power to someone, if they delegate to Pakx, Pakx's hp and pakx token holders dividends will increase over time. This works like an investment system.

Why delegate to Pakx?
The person who delegates their hive power will receive daily curation rewards in the form of Pakx Tokens. 1 Pakx token is theoretically worth 2 hives, and although this is not a fixed value; it means that for each 2 hp or more hp pakx earns, 1 pakx comes into existence. The more HP delegated to Pakx, the more value it gets. The entire HP of Pakx is then delegated to Hivepakistan, which is used to generate Liquid Hives.
Pakx token returns dividends in the form of liquid hive. It returns 50% of liquid hive (incoming from hivepakistan daily Delegation returns) to dividends and uses the remaining 50% to repower itself and delegate more. Although it is a lengthy process, the HP of Pakx account (delegated to hivepakistan) will increase over time because investors are delegating daily. Additionally, these Pakx Tokens are not in staked form.
There is a fee of 10%, which is deducted to support an account called the Buyback Fund. The @pakx-fund account uses these 10% fees taken in form of pakx and uses it's dividends to purchase Pakx from the market, thereby increasing the buying power and growing the exit liquidity in the future. Simply put, you can buy Pakx tokens using hive power. It's not rocket science.
The owner of Hivepakistan @DLMMQB launched it recently. Additionally, 10% of the management fund is allocated to Pakx to cover backup expenses, as Hivepakistan is not a single project. There are many other opportunities in Hivepakistan, including token maintenance and improvement for Hivepakistan's sister projects.
A simple chain of Pakx:
- You delegate Pakx HP.
- It earns curation rewards on the HP you delegated.
- It gives you half of the Pakx relative to the HP it generated.
- Pakx account delegates its HP to Hivepakistan and gets delegation returns.
- Half is used as dividends, and the other half is used to power up and delegate more to Hivepakistan to increase future dividends.
Pakx receives support from multiple sources, including L2 and any other Hivepakistan business operations, making it an investment token of Hivepakistan.
Pakx also have plans to invest in BXT (beeswap's token) and even off-chain investments like uniswap and sushiswap but it depends on what the future of project holds. It's from other income sources excluding pakx main model and either it invests or not in off-chain is not confirmed.
Also, it will pay 5% of pakx supply to each as the owner and developer of Hivepakistan/pakx, @DLMMQB (founder) and @Yazris (developer). They can use this for their personal use while not selling pakx in a way it harms the project. They are thinking about the future of Hivepakistan. You are already aware that hivepakistan supports multiple communities and projects under it's umbrella so it's not limited to Pakistanis.
So the whole summary of this post is to delegate your HP to Pakx and they will pay back you in Pakx Tokens. Then you can sell pakx token at 2 hive or more based on exit liquidity. Or you can get liquid hive dividends for holding Pakx tokens. Remember that you will start getting pakx after 7 days of delegating and after undelegating, u will receive pakx for 7 days more.
Here is the link to join Pakx discord channel.
Pakx
This post has been manually curated by @theindiankid from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @theindiankid by upvoting this comment and support the community by voting the posts made by @indiaunited.
Wow! This looks like a good option keeping long term investment in mind.
Yes, you are right. Try it.
Nicely explained and an interesting project.
Thanks you must try it. I request.
👍
It looks very interesting, I've delegated 250 HP to the project and we'll see how it goes! I'm always looking for projects that have dividends involved, thus creating a good investment for the long term!
Wow so sweet of you. I also delegated to Pakx.
The project looks very promising. I'm considering to invest in Pakx.
You have provided the details of what is happening and is related to pakx. Technical things of crypto don't often make sense to me but I trust the project and has invested in it.
Thanks for providing the info
!LUV
@moaz-sabir, @amberkashif(1/4) sent you LUV. | tools | discord | community | HiveWiki | <>< daily
Seems like I found another token to keep in my hive portfolio...
You did explained so well, the utility pakx is providing to holders is going to be worth it for long term. keep cooking!
!PIZZA !LUV
Yes you can also try this token. It is a good opportunity
The Hive.Pizza team manually curated this post.
$PIZZA slices delivered:
@idksamad78699(1/5) tipped @moaz-sabir
Learn more at https://hive.pizza.
se ve prometedor el proyecto ^^
@moaz-sabir I have delegated my HP to @pakx but I have no idea what to do next?
Please guide me..
Okay first of all thanks for your trust
@dlmmqb will guid you more about the pakx. Qasim if you can guid him.
Thanks for your kind reply..
@dlmmqb please guide me I have no idea ..
Pakx receives HP through Delegation. On top of this, it earns HP as curation rewards. Half of the curation rewards are distributed to people daily, based on their Delegations, in the form of Pakx tokens.
Each Pakx generated is backed by at least 2+ value in HP. No Pakx can be created without locking more than twice its value in HP. This HP is then delegated to HivePakistan to generate liquid HIVE daily.
Out of the generated HIVE, 50% is given as dividends to Pakx holders (note: the Pakx token cannot be staked), and the remaining 50% is used to power up again, fueling future dividends.
Pakx is printed at a fixed rate based on HP earned from delegations, where for every 2 HP earned from delegation, 1 Pakx comes into existence. While the dividends per Pakx start off slowly, they experience exponential growth over time.
Respected @dlmmqb bro I have delegated 120 ho to pakx but so far I didn't get pakx tokens..
Your pakx balance is 0.035
You can check it here:
https://he.dtools.dev/richlist/PAKX
Ok bro thanks 👍
They can use this for their personal use while not selling pakx in a way it harms the project.
is an intriguing statement to subtle add in this post
Most of crypto project have team funds for managing expenses, hosting fees, or anything unseen. Also, Pakx is not just an investment token.... It's an investment token of a Project and we have to work almost on daily bases for the project.
I have sent the command but nothing happens, I already have the tokens in my wallet. @moaz-sabir
Contact with @dlmmqb
Your balance gets updated on 8:30 AM of Pakistan.
Also, if u continuously use
!PAKXon low quality content, your rights to use command will be taken away even if u hold tokens by requirements.Pakx replies within 24 hours after using
!PAKXnot immediately.You can monitor all pakx commands in ,#vote-calls and you can report any command abuse.
The Great Illusion: How @guiltyparties Built an Empire on Empty Promises
Prologue: The Mask of Benevolence
There is a particular kind of tragedy in watching a wolf dress itself in shepherd's clothing, not to protect the flock, but to shear it bare while convincing the sheep they are being cared for.
Today, we pull back the curtain on @guiltyparties.
To the casual observer, this account appears to be a hub of charity, a distributor of aid, a beacon of hope in the Hive ecosystem. The transaction history is a cascade of outgoing transfers: thousands of HIVE and HBD flowing to
gpwalletaccounts, to individuals in need, to "medical emergencies," to "food funds," to "rent." The memos speak of compassion: "dog's vet," "towards surgery cost," "Christmas event and gifts for the children."But look closer. Follow the money. And you will find not a charity, but a centralized banking cartel disguised as a community fund. You will find a system where power is concentrated, transparency is an illusion, and the "help" provided is merely the interest paid on a loan of trust that can never be repaid.
We expose the truth: @guiltyparties runs a massive farm, a shadow bank, and a political machine, all while pretending to be a simple benefactor.
I. The Architecture of the Shadow Bank
Figure 1: The Wallet Network (The Shell Game)
The Implication:
Why does a charity need 30+ numbered wallets? Why does it need to route funds through
@bdhivesteemto convert currency before distribution? The answer is control. By fragmenting the treasury, @guiltyparties creates a labyrinth that protects the central hoard from scrutiny while maintaining absolute authority over who eats and who starves.II. The Mechanical Symphony of Control
Based on on-chain transaction logs
While the public sees "gifts," the blockchain records transactions. And the patterns reveal a cold, calculated machine.
Figure 2: The Stipend System (@logic)
Figure 3: The Currency Mill (@bdhivesteem)
III. The Narrative vs. The Ledger
The most dangerous lie is the one wrapped in truth. Yes, @guiltyparties does send money to people in need. The transactions are real. The memos are heart-wrenching. "Medical," "Food," "Surgery."
But consider the source.
When a warlord builds a school in the village he occupies, is he a philanthropist? Or is he buying silence?
The ledger shows that for every dollar given to the poor, ten dollars are moved between shell companies (
gpwallets). For every memo about "feeding children," there is a silent transfer of thousands of HIVE to@logicto fund the bots that downvote dissenters.The Truth:
The "charity" is the marketing budget. It is the cost of doing business for a cartel that seeks to dominate Hive's governance and culture. They give you crumbs to keep you from noticing they are eating the whole loaf.
IV. The Connection to the Downvote Machine
We cannot talk about @guiltyparties without talking about @spaminator and @hivewatchers.
The cycle is complete:
This is not community building. This is protection racketeering on the blockchain.
V. The Verdict: A Scam of Proportions
To call this a "scam" in the traditional sense might be too simple. It is more insidious. It is a governance scam.
The use of dozens of
gpwalletaccounts serves no purpose other than obfuscation. A true charity publishes its ledgers. It does not hide behindgpwallet24andgpwallet25. It does not route funds through internal swaps to avoid detection.@guiltyparties has built a shadow state within Hive. They hold the purse strings, they hold the voting power (via delegates), and they hold the whip (via downvote bots). And they expect us to thank them for the privilege of being ruled.
Epilogue: The Reckoning
There is a particular courage in speaking truth to power, especially when that power holds the keys to your survival.
But the blockchain does not care about fear. It only records truth.
And the truth is this: You cannot build a free community on a foundation of centralized control. You cannot claim to be a benefactor while funding the silencing of your critics. You cannot pretend to be a saint when your ledger reads like a mob boss's ledger.
To the users of Hive: Do not be fooled by the breadcrumbs. Look at the bakery. See who owns the oven. See who controls the flour. And ask yourself: If I speak out against the baker, will I still be fed tomorrow?
The time for gratitude is over. The time for scrutiny is now.
Expose the farm.
Demand transparency.
Break the cartel.
— #Bilpcoin: We expose the truth, so you can confront it.
#HiveBlockchain #CryptoForensics #GuiltyParties #ShadowBank #DownvoteCartel #Transparency #BilpcoinTruth #StopTheAbuse
@moaz-sabir This project looks interesting and promising .