What PAW is
PAW is a decentralized digital currency that offers near-instant settlement (<1 sec) and feeless transactions.
The total available PAW amount is fixed and the distribution has been completed.
PAW built on a new reward model that allowed for rapid growth of the network while using TGS for consensus.
"Block" rewards were given to the people unlike other coins where only the strongest miners get the rewards which are then sold down to the people.
PAW is a community driven currency and network. The development and progress are made by individuals of the community.
Proof-Of-Growth Reward Model
The reward model that incentivized network growth
Unlike Proof-Of-Work which incentivizes the network growth solely indirectly through block rewards going to miners, Proof-Of-Growth was directly incentivizing network growth with rewards going to participants of the network.
Similar to mining, every 10 minutes a new PAW reward was made available and shared among all participants.
The distribution of the proof-of-growth rewards has ended early 2023 and was done over a course of 1.5 years.
While numbers can't 100% accurately determined with an anonymous ledger it's fair to estimate that anything from 50k - 200k people received a PAW reward from the Proof-Of-Growth distribution.
PAW Features
Infinity Chains
One blockchain per account with asynchronous send and receive allowing for instant settlements.
Efficiency
A DPOS/TGS model for consensus allows for an efficient transaction model that no longer relies on mining for confirmations.
Tribe Gather System (TGS) aka DPOS
Fast transactions with little energy expensure
TGS is a consensus model in which users pick a tribe that will decide on their behalf on the legitimacy of a transaction.
For every transaction tribes will gather and decide if a transaction is valid. The transaction will be added to the network when 67% of the tribes agree on the validity.
A tribe's decision weight is determined by the amount of PAW it represents.
TGS does not require mining and therefore comes with many advantages: e.g. very little energy usage and fast confirmation of transactions.
The Paw-Universe!
Pick your pawnimal and join the PAW-niverse.
The PAW-niverse is constantly expanding.
Series 1 comes with a selection of 12 paw-nimals.
Each pawnimal chosen for your account can come in a different color.
Tokenomics
Orignal Supply: 340B PAW
Circulating Supply: 179B PAW
Burned Supply: 161B PAW
Held for development rewards: 40B PAW
PAW Comparison
How PAW compares to others
Bitcoin
- $3.33 transaction fees
- Settles within 10-30 minutes
- PoW
- Capable of micro-transaction with channel fees on a 2nd layer
PAW
- $0 transaction fees
- Settles within seconds
- DPoS
- Capable of micro-transaction on the 1st layer with no fees
- Lighthearted PAW Meme Coin
ETH
- $4.7 transaction fees
- Settles within 10 minutes
- PoS
- Unsuitable for small transactions
Donations
PAW donations for charitable causes
Frequently Asked Questions
The answers to most questions
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Where can I buy PAW?
PAW can be traded on ViteX (Vite and USDT)
ViteX ( PAW / USDT )
ViteX ( PAW / VITE )
In case of BTC/XNO/BAN we recommend:
The official PawSwap as well as PAW Trade platform.
Both platforms are taking user orders for swaps. It incentivizes the best possible price for a swap and high fees which would normally go to third-party providers to end up in the hands of the user instead.
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How can I earn PAW coins?
By offering applications, services or selling things that others are interested in paying PAW for.
PAW
Join one of PAW's communities through the links below: