SKX Token

Token Name: SKPANAX

Token Ticker: SKX

Network: MATIC

Total Token Supply: 100,000,000 SKX

https://polygonscan.com/token/0xa32261C0Dbc37dF46A08B9AF94A3193A3b172698

Technical Features

The SKX token is built on the MATIC blockchain, following the MATIC standard, providing a high level of processing capacity and minimal transaction costs. MATIC employs a Delegated Proof of Stake (DPoS) protocol for the effective verification of blocks and facilitates the implementation of smart contracts, akin to Ethereum. The MATIC Virtual Machine executes smart contracts written in Solidity, ensuring compatibility with Ethereum and capitalizing on the economic benefits of the MATIC network.

Primary Functions

The SKX token serves as a medium for making payments, validating transactions, and managing distributions within the S&PanaX platform. Customers have the option to acquire a range of merchandise offered by S&PanaX through the use of SKX tokens. Due to its cost-effectiveness and effectiveness, SKX tokens can be used in a range of decentralized applications (dApps) and smart contracts to facilitate transactions between users and the platform.

SKX Token Buyback Policy

S&PanaX's objective is to develop a sustainable and environmentally friendly ecosystem that provides enhanced products and services for human benefit. In accordance with its objectives, S&PanaX acknowledges and appreciates the loyalty of its customers while aiming to enhance the value of the SKX token through a buyback policy.

In accordance with the principle of allocating 20% of the company's profits to social causes, S&PanaX will consistently set aside funds from its earnings to acquire SKX tokens. This initiative is a component of the SKX operational strategy aimed at enhancing the value of the token and encouraging platform engagement. Through this strategy, the company guarantees a consistent and growing demand for SKX tokens, subsequently sustaining and elevating their worth.

The buyback policy implemented by S&PanaX aims to enhance the circulation of SKX tokens within its ecosystem, safeguard their value, and support the platform's long-term growth. This method enables customers and token holders to consistently reap the rewards of the value offered within the S&PanaX ecosystem while having access to the benefits of a transparent and responsible economic policy.