Predix Network

PRDX is described to run on a 3-tier simulated Proof of Stake (POS) mechanism that allows users to lock up their Tokens inside of the Predix Smart Contract in exchange for staking rewards. To participate, the minimum needed is only 50 tokens. All tokens are minted from the start and partially locked in special contracts, beginning with a small circulating supply and enabling holders to receive extra rewards, all while regular token burns continue to decrease the supply over time.