PMXX People’s Money Explained

You have likely taken it for granted. 

Have you ever given any serious thought to what money is?

The printed notes in your pocket (currency) is a medium of exchange. Which means it is generally accepted for the payment of goods or services and the repayment of debt.

WHO PRINTS AND CONTROLS MONEY?

Currency is printed and controlled by a nation’s central bank. For example, The US Federal Reserve controls the supply of money and mints new notes when necessary. 

HOW DOES MONEY WORK?

Money has four main functions:

1. A Medium of exchange: It is acceptable as payment for goods and services and debt repayment.
2. A measure of value: It acts as a standard measure and a common denomination of trade. This forms the basis for price quoting and bargaining. 
3. A Standard of deferred payment: It acts as an acceptable way to settle a debt.
4. A Store of value: The fact that it can be saved, stored, and retrieved makes it a store of value. 

WHAT IS FIAT MONEY?

Fiat money does not originate from any intrinsic value or guarantee that’s convertible into valuable Gold or other precious metal. Instead, the value of currency today is by government order (fiat). 

Through a Central Bank, the government declares the currency to be an acceptable form of payment (legal tender) and outlaws the refusal to accept it as repayment for all debts.

WHAT DO WE MEAN BY PEOPLE’S MONEY?

The PMXX People’s Money concept is simple.

Unlike fiat currency, PMXX People’s Money is digital money. It is decentralized and controlled by regular people, not central banks or governments.

HOW IS THAT POSSIBLE?

The People’s Money ecosystem is built on top of the Polygon blockchain, enabling decentralized transactions.

All payments transact peer-to-peer. No third party is required to act as an intermediary.

MBMX is your ATM and Payment Settlement System.

Every transaction made is processed, confirmed, and secured by the Polygon network.

Furthermore, only 10 Million PMXX will be minted. This finite supply ensures it cannot be inflated, unlike fiat currency.

PMXX is pared with BITCOIN.

HOW IS THAT BENEFICIAL?

Fiat money is responsible for numerous periods of currency-related financial instability globally, the most recent being the global financial crisis of 2008. The aftermath was a never before seen global monetary expansion coordinated by leading central banks.

These actions raised concerns about the economic stewardship of these financial bodies.

PMXX peer-to-peer digital transactions go from one party to another without intermediaries (banks and other financial institutions).

Blockchain can be defined as a shared ledger, allowing thousands of connected computers or servers to maintain a single, secured, and immutable ledger.

The wallets are secured by cryptographic methods (public and private keys) so that one can manage and have full control over all transactions.

Initially, when a user creates a transaction over a Blockchain network, a block will be created, representing that transaction is created. Once a block is created, the requested transaction is broadcasted over the peer-to-peer network, consisting of computers, known as nodes, which then validate the transaction.

A verified transaction can involve cryptocurrency, contracts, records, or any other valuable information.

Once a transaction is verified, it is combined with other blocks to create a new block of data for the ledger.

Blockchain is a technology created to solve the problem of centralization. There’s an old expression about putting all your eggs in one basket. If the basket is compromised, you lose everything. In current terms, imagine you’re at the grocery store, and you made it to the counter with a full trolley. You whip out your debit card to make the payment, but the card is rejected. Maybe the bank’s system is down, or the card has been flagged for suspicious behavior.

Yet you know you have a fully funded account, and there are no suspicious transactions. Since you rely on the bank to clear your payments, you’re basically at their mercy.
With blockchain technology, making payments is as easy as sending an email. It is designed to track transactions accurately and transparently so that everyone on the network has a transaction record. Though Blockchain is often referred to in discussions about cryptocurrencies, the technology is used in various industries to create smart contracts.

Blockchain technology provides a platform for safe transactions without a third party such as a bank.

WHAT ARE SOME ADVANTAGES OF BLOCKCHAIN?

• They’re global: which means that cryptocurrencies can be sent across the planet quickly and cheaply.
• They increase privacy: Cryptocurrency payments don’t require you to include your personal information, which protects you from being hacked or having your identity stolen.
• They’re open: Because every single transaction on cryptocurrency networks is published publicly in the form of the blockchain, anyone can scrutinize them. That leaves no room for manipulation of transactions, changing the money supply, or adjusting the rules mid-game. The software that constitutes the core of these currencies is free and open-source so anyone can review the code.

With PMXX People’s Money, you will be able to buy and sell on the exchange.

You will be able to exchange the PMXX for other currencies (€ $ ¥), crypto currencies, services, goods, etc.

Trading PMXX People’s Money follows the same principle as trading foreign currencies with just a few differences. First, the market doesn’t close since the currency does not rely on third parties.

As with other digital currencies, the price of PMXX may vary in different countries, as the price is determined by demand and supply.

When you log into your preferred trading platform as a beginner, it may seem complicated, but it isn’t. What’s important is to have a goal before you initiate a trade. “Let’s just see how things go” is a risky strategy.

Some traders profit from numerous trades, each with small profit margins. Others prefer to set a goal and trade when the price matches their goal. Each strategy has its risks, so the decision will depend on you.

You have complete control over when and how you sell PMXX. PMXX is pared with BITCOIN.

The total supply is 10,000,000 coins.

The full circulation of the total supply is estimated to take place in 2028 – 2030.

The total supply is distributed over different exchanges to ensure easier trading.

All tokens taken together will never exceed the total cap of 10 Million tokens.

Near future you will be able to buy using our own app.

PMXX Built-In Stop-Loss Algorithm

• PMXX platform runs on Polygon blockchain technology that enables liquidity, financial leverage, and decentralized transactions in partnership with BITCOIN.
• The value is linked directly to BITCOIN.
• Built-in Stop-Loss Algorithm: PMXX value can never drop below 10% of the BITCOIN value.
• Transactions are peer-to-peer, involving no third parties.
• Only 10 Million coins will be minted.

PEOPLE’S MONEY is partnering with MoneyWithoutBorders charity organization. Together we are helping the following:

WATER:

Access to water leads to food security.

With less crop loss, hunger is reduced. Schools can feed students with gardens, reducing costs.

Safe water, clean hands, healthy bodies.

Time lost to sickness is reduced, and people can get back to the work of lifting themselves out of poverty.

INTERNET:

By installing internet towers in key public areas, we help change people’s lives and improve communication worldwide. We do this by creating access to services and enabling economic development.

Mobile devices have transformed how hundreds of millions of people manage their daily lives and run their businesses and help families stay in contact.

SOLAR:

Installing Solar and Micro-Grid technologies, we will reduce people’s dependence on traditional fuels.

We achieve this by installing systems such as solar powered panels that are practical, reliable, cost-effective, and healthier for people and the environment.

HOUSING:

Building a house from shipping containers is affordable. Once the container has been purchased, interior is the only outlay.

MINING COMMUNITIES:

Many small contractors and mining towns depend on mining activities for their sustenance, and we aim to do our part. We have a strong focus on children in poor mining communities. Communities around mines have suffered exploitation in the past.

Their children are employed in the mines, a dangerous practice that robs them of their childhood. Instead of working in mines, we will help children go to school and get an education.

By investing in PMXX, you will be part of our efforts to provide educational resources for children in these communities.

READ MORE HERE!

You have likely taken it for granted. 

Have you ever given any serious thought to what money is?

The printed notes in your pocket (currency) is a medium of exchange. Which means it is generally accepted for the payment of goods or services and the repayment of debt.

WHO PRINTS AND CONTROLS MONEY?

Currency is printed and controlled by a nation’s central bank. For example, The US Federal Reserve controls the supply of money and mints new notes when necessary. 

HOW DOES MONEY WORK?

Money has four main functions:

1. A Medium of exchange: It is acceptable as payment for goods and services and debt repayment.
2. A measure of value: It acts as a standard measure and a common denomination of trade. This forms the basis for price quoting and bargaining. 
3. A Standard of deferred payment: It acts as an acceptable way to settle a debt.
4. A Store of value: The fact that it can be saved, stored, and retrieved makes it a store of value. 

WHAT IS FIAT MONEY?

Fiat money does not originate from any intrinsic value or guarantee that’s convertible into valuable Gold or other precious metal. Instead, the value of currency today is by government order (fiat). 

Through a Central Bank, the government declares the currency to be an acceptable form of payment (legal tender) and outlaws the refusal to accept it as repayment for all debts.

WHAT DO WE MEAN BY PEOPLE’S MONEY?

The PMXX People’s Money concept is simple.

Unlike fiat currency, PMXX People’s Money is digital money. It is decentralized and controlled by regular people, not central banks or governments.

HOW IS THAT POSSIBLE?

The People’s Money ecosystem is built on top of the Polygon blockchain, enabling decentralized transactions.

All payments transact peer-to-peer. No third party is required to act as an intermediary.

MBMX is your ATM and Payment Settlement System.

Every transaction made is processed, confirmed, and secured by the Polygon network.

Furthermore, only 10 Million PMXX will be minted. This finite supply ensures it cannot be inflated, unlike fiat currency.

PMXX is pared with BITCOIN.

HOW IS THAT BENEFICIAL?

Fiat money is responsible for numerous periods of currency-related financial instability globally, the most recent being the global financial crisis of 2008. The aftermath was a never before seen global monetary expansion coordinated by leading central banks.

These actions raised concerns about the economic stewardship of these financial bodies.

PMXX peer-to-peer digital transactions go from one party to another without intermediaries (banks and other financial institutions).

Blockchain can be defined as a shared ledger, allowing thousands of connected computers or servers to maintain a single, secured, and immutable ledger.

The wallets are secured by cryptographic methods (public and private keys) so that one can manage and have full control over all transactions.

Initially, when a user creates a transaction over a Blockchain network, a block will be created, representing that transaction is created. Once a block is created, the requested transaction is broadcasted over the peer-to-peer network, consisting of computers, known as nodes, which then validate the transaction.

A verified transaction can involve cryptocurrency, contracts, records, or any other valuable information.

Once a transaction is verified, it is combined with other blocks to create a new block of data for the ledger.

Blockchain is a technology created to solve the problem of centralization. There’s an old expression about putting all your eggs in one basket. If the basket is compromised, you lose everything. In current terms, imagine you’re at the grocery store, and you made it to the counter with a full trolley. You whip out your debit card to make the payment, but the card is rejected. Maybe the bank’s system is down, or the card has been flagged for suspicious behavior.

Yet you know you have a fully funded account, and there are no suspicious transactions. Since you rely on the bank to clear your payments, you’re basically at their mercy.
With blockchain technology, making payments is as easy as sending an email. It is designed to track transactions accurately and transparently so that everyone on the network has a transaction record. Though Blockchain is often referred to in discussions about cryptocurrencies, the technology is used in various industries to create smart contracts.

Blockchain technology provides a platform for safe transactions without a third party such as a bank.

WHAT ARE SOME ADVANTAGES OF BLOCKCHAIN?

• They’re global: which means that cryptocurrencies can be sent across the planet quickly and cheaply.
• They increase privacy: Cryptocurrency payments don’t require you to include your personal information, which protects you from being hacked or having your identity stolen.
• They’re open: Because every single transaction on cryptocurrency networks is published publicly in the form of the blockchain, anyone can scrutinize them. That leaves no room for manipulation of transactions, changing the money supply, or adjusting the rules mid-game. The software that constitutes the core of these currencies is free and open-source so anyone can review the code.

With PMXX People’s Money, you will be able to buy and sell on the exchange.

You will be able to exchange the PMXX for other currencies (€ $ ¥), crypto currencies, services, goods, etc.

Trading PMXX People’s Money follows the same principle as trading foreign currencies with just a few differences. First, the market doesn’t close since the currency does not rely on third parties.

As with other digital currencies, the price of PMXX may vary in different countries, as the price is determined by demand and supply.

When you log into your preferred trading platform as a beginner, it may seem complicated, but it isn’t. What’s important is to have a goal before you initiate a trade. “Let’s just see how things go” is a risky strategy.

Some traders profit from numerous trades, each with small profit margins. Others prefer to set a goal and trade when the price matches their goal. Each strategy has its risks, so the decision will depend on you.

You have complete control over when and how you sell PMXX. PMXX is pared with BITCOIN.

The total supply is 10,000,000 coins.

The full circulation of the total supply is estimated to take place in 2028 – 2030.

The total supply is distributed over different exchanges to ensure easier trading.

All tokens taken together will never exceed the total cap of 10 Million tokens.

Near future you will be able to buy using our own app.

PMXX Built-In Stop-Loss Algorithm

• PMXX platform runs on Polygon blockchain technology that enables liquidity, financial leverage, and decentralized transactions in partnership with BITCOIN.
• The value is linked directly to BITCOIN.
• Built-in Stop-Loss Algorithm: PMXX value can never drop below 10% of the BITCOIN value.
• Transactions are peer-to-peer, involving no third parties.
• Only 10 Million coins will be minted.

PEOPLE’S MONEY is partnering with MoneyWithoutBorders charity organization. Together we are helping the following:

WATER:

Access to water leads to food security.

With less crop loss, hunger is reduced. Schools can feed students with gardens, reducing costs.

Safe water, clean hands, healthy bodies.

Time lost to sickness is reduced, and people can get back to the work of lifting themselves out of poverty.

INTERNET:

By installing internet towers in key public areas, we help change people’s lives and improve communication worldwide. We do this by creating access to services and enabling economic development.

Mobile devices have transformed how hundreds of millions of people manage their daily lives and run their businesses and help families stay in contact.

SOLAR:

Installing Solar and Micro-Grid technologies, we will reduce people’s dependence on traditional fuels.

We achieve this by installing systems such as solar powered panels that are practical, reliable, cost-effective, and healthier for people and the environment.

HOUSING:

Building a house from shipping containers is affordable. Once the container has been purchased, interior is the only outlay.

MINING COMMUNITIES:

Many small contractors and mining towns depend on mining activities for their sustenance, and we aim to do our part. We have a strong focus on children in poor mining communities. Communities around mines have suffered exploitation in the past.

Their children are employed in the mines, a dangerous practice that robs them of their childhood. Instead of working in mines, we will help children go to school and get an education.

By investing in PMXX, you will be part of our efforts to provide educational resources for children in these communities.

READ MORE HERE!