BSC MIGRATION UPDATE

PeerEx Network
3 min readApr 6, 2021

Hello PeerEx Community,
As per our discussions in the community & team meeting we have reached a conclusion for our future course of action, but rest assured that this plan of action will only be implemented if the whole community unanimously supports our decision.

  1. In order to not to miss out on what poloniex brings on the table and considering Eth 2.0 is around the corner we have decided to not to completely migrate to BSC but rather we will implement a two way bridge and PeerEx Network will exist on both the blockchains.
  2. Initial liquidity will be provided by team and along with the launch on BSC chain we will also provide option for 2 way liquidity farming, we will be partnering with a major player on BSC network for liquidity farming of their native token and 25 Million perx on BSC will be kept aside which will be distributed in proportion to LP holders on monthly basis.

BENEFITS FOR PERX HOLDERS:

1: Top 50 Holders on BSC chain will be given a $100 BUSD airdrop on April 20 2021.

2: Top 200 Holders will be airdropped amazing NFTs which will be tradeable on our NFT platform and an open auction of 3 NFTs will be conducted in our Telegram group on monthly basis with minimum buyback guarantee of 1 eth for each NFT by the team till NFT platform launch in the first week of june.(Tokens locked in staking on unifyre will be eligible for NFT airdrops).
NFTs will be distributed on BSC chain, snapshot will be taken for both the Erc20 Holders & BEP20 holders

3: A monthly airdrop for perx holders will be conducted for our community development, These airdrops will not be free as in return the community members will be given tasks to perform on monthly basis, and only Perx holders who complete the task will be eligible for the airdrops. In Total 10 Million Tokens will be allocated

PeerEx Launchpad: Peerex launchpad will be the first community driven launchpad with all the benefits of funding in the initial round of projects will remain exclusively with perx holders( Minimum Amount of perx holdings will change depending upon the project):

1: For our first launchpad project, top 100 Perx holders will be given free airdrops of $100 worth of tokens at Private sale price.

2: For every launchpad project all perx holders with minimum $100 in perx will receive free airdrops(amount will vary depending upon launchpad projects tockenomics)

Independent projects with out of the box ideas will be given preference over others for PeerEx launchpad, Projects will have benefit to launch on Perx Launchpad as Peerex Network has a vibrant community of more than 1000 investors which assures a successful seed funding followed by a hard core marketing campaign for a successful launch. An already established community of investors is the biggest advantage that we have over other such platforms, The idea of launchpad is to convert our PeerEx community into a successful community fund where projects are decided by the community depending upon their merit and not on their contacts or just the names behind it.

Launchpad features will be made available to the community in our lightpaper which will be published once the community agrees on current plan of action presented by the team.

TOKEN ALLOCATION OF 50 MILLION PERX EARLIER RESERVED FOR PEEREX EXCHANGE:
2M — liquidity for BNB/PERX POOL
25 M — Farming For Liquidity providers
10 M — Community Development program( Monthly Airdrops)
10 M — Partnerships & Incubator programmes
3 M — Team Allocation

UPCOMING ROADMAP FOR APRIL: A detailed roadmap for 2021 will be published with our new whitepaper on April 25 2021 along with our new website launch.

1: BSC BRIDGE- April 18
2: BNB/PERX POOl- April 18
3: BSC CHAIN PERX HOLDERS SNAPSHOT FOR BUSD AIRDROP - April 19
4: SNAPSHOT OF TOP 200 HOLDERS FOR NFT AIRDROP - April 20
5: NEW WEBSITE LAUNCH- April 25
6: PEEREX LAUNCHPAD GOES LIVE- April 30

Thank You for your continuous support:)
PeerEx Network

Telegram: https://t.me/PeerEx_Network
Website: https://peerex.network/
Twitter: https://twitter.com/PeerExNetwork

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PeerEx Network

A decentralized P2P Erc20 exchange market and lending platform. $Perx Telegram : http://t.me/PeerEx_Network