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PSIX: the first token to be released on Libonomy blockchain
ProperSix has announced the move of their cryptocurrency services from Ethereum’s blockchain to the new and promising Libonomy blockchain. PRO6 tokens will be converted to PSIX tokens at a 1:1 ratio.
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Why is it necessary?
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Faster – Libonomy offers transaction speed starting at 6000 transactions per second (tps), compared to Ethereum’s capability starting at 14 tps.
Cheaper – Libonomys’ network is energy efficient and as transactions are processed faster, we can handle more which lowers the cost of the transactions.
Robust – Libonomy is a reliable and fast network that will keep up with its high standards with any numbers of participants in the network.
More secure – Latest technology implementations eliminate security issues that riddle other networks.
Durable – Libonomy is the only dynamic, self-adapting blockchain guaranteed to be one of the best platforms now as well as in the future.
Conversion from PRO6 token to PSIX will take place on the ProperSix Exchange (ProperSix.trade). If you are a PRO6 holder, you will receive instructions and there will be a month-long window for the transition to take place. After that ProperSix will discontinue the PRO6 token and will fully incorporate PSIX in all activities.