Category: PIVX (PIVX)

Did you Know: PIVX had NO ICO and is 100% Self Funded?

Did you know that PIVX has a fully operational self-funding decentralized treasury system?  Unlike the majority of current projects in the crypto space where millions of coins are pre-mined and then offered for sale to help fund the future project, PIVX was built, developed, 100% from self-funding.  NO ICO.

How it works is that up to 10% of the block rewards over a 30 day period are available to fund projects and proposals.  This works out to 21.6k PIV that are available to be used and distributed through PIVX’s proposal and voting system, which is done in a decentralized manner through masternodes.  If no proposals are submitted or voted on, then those PIV are not issued (they also do NOT roll over to the next period).

How’s that for a community-centric project, where anyone can submit a proposal, vote, and help fund projects that support PIVX itself?

This article was originally published on: The PIVX Blog on