PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in Abstract Shortly after the markets collapsed in 2008, a paper was published on the 31st of October by Satoshi Nakamoto to introduce the idea of Bitcoin. It was a direct reaction to what happened. It began a technical revolution that remains with us to this day. But did it really offer a alternative solution for the failing system? After all, it is a system that is still in place. Bitcoin, and many other coin projects, once more became a playground for speculation and greed. It’s certainly true that in our heads, we still think in the value of the Dollar, Euro or any other fiat currency, instead of replacing them with a better solution? Is it true that a limited number of denominations is really serving the world? PAXTR is money that is not designed solely to present new important technical developements and solutions. It isn’t an other ICO that promises you high profits in the fiat system. It is focused to balance the given solutions with the effectiveness of evolution and the biosphere. That is why we focus more on the way we use the money. There is no doubt that the creation of money by debt in the central bank system always ends in a crash. The exponential demands of this system opposes the structure of a biospere, including the human race, that needs both efficiency and resilience. More then that, the system we have today actively works agains basic human needs of connectivity and freedom. In an interest based money system, efficiency overcomes resilience with the effect that it is slowly destroying this planet. PAXTR wants to serve both important parts in this biosphere. It is money that has enough efficiency to drive the innovations of this world and enough resilience to maintain diversity. It is a money that uses the full diversity of crypto ideas. We would like to thank all those who have trodden a long and arduous path in order to create what we use today and make PAXTR possible!

I. Introduction

Since Bitcoin took off, a lot of energy has been spent in mining it and many other currencies. The initial idea was to limit the number of coins in order to maintain the value of the money – much like a gold standard. Today, however, more then 50% of the Hashpower is in the hands of a few people and transfer fees skyrocked. A person born in the future will not have the same privilege to mine his own Bitcoins. That person will be born into a rigid system that will be immoveable, much like we are stuck with the fixed and unfair banking system that we have today. It will be a system in which there is no inter-generational fairness and a system, much like we have now, that is not able to create sustainable and lasting well being for the human race. In this white paper we present PAXTR: a money that supports the idea that the creation of money is a human right, including the demand that goverments have to accept this currency as payment for taxes. Only with a decentralized money, in the hands of the people themselves, is real democracy a true possibility. What we have seen in the period following 2008 is helpless politicians, that, in the end, did nothing, but instead blindly followed the rules of the debt based system to bail out the interest of creditors. No country was saved with public money. The public money bailed out the speculators and left the countries with unnecessary poverty. Given this situation, should not the right to create money be invested directly in the hands of the people, as if they had voted directly for those that should rule them? Firstly, PAXTR supports the idea of the limitation of coins, but a limitation created by the combination of the traditional idea of (in our case energy minimized) mining and the demurrage money system, that devaluates the money over a certain period of time. PAXTR money is created when a human being is born and claims it. So, money is created by the size of the population, but only available in the amount that people claim and use it. If this human being does

PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in not use the PAXTR money, it loses its value over the period of the avarage lifetime of a human being. At the present time, this is 79 years. It can only maintain its value by adding value to this world and using it: This is the foundation of PAXTR. Secondly, PAXTR is not for speculation and focusses on a low volatility in order to serve the exchange of goods and services at the point of sale, and support sustainable social, education and environmental projects. To reach this goal PAXTR has a fixed exchange rate, connected to a basket of fiat currencies, expenses of living, real estate, commodities and crypto currencies. Thirdly, an important goal of PAXTR is to diversify the approach of how money is used. Here, we will create five important components that will be implementented, one by one, in the future:

I. PAXTR: Life Treasure Reserve: a store of value within the biosphere.

II. PAX COMMUNITY TREASURE: A complementary currency created by a community & city, by the people, for feefree payments at the point of sale.

III. PAXTR CASH: PXH: Feefree payments at the point of sale.

IV. PAXTR EDUCATION/BERNARD: PXE: Money to support educational projects.

V. PAXTR NATURE: PXN: Money that specifically supports environmental projects.

VI. PAXTR SOCIAL: PXS: Money to support social projects for retirement, care and to address the trauma caused by wars & confilcts.

PAXTR is not focussed on one technical solution. From a diverse viewpoint, PAXTR is a combination of different technical solutions, that are now available in the market. PAXTR uses smart contracts with a ERC20 token and combines it with feeless transactions that were introduced, for example, by the Nano project. All was and will be created to make it possible for the people of this world to claim their money and use it in a sustainable way to nurture, support and dignify the bisospere we all live in. This white paper focusses only on the foundation of PAXTR, which is to create the basis of a store of value. It is based on the ERC20 Token. For the following projects, please go to https://paxco.in and sign up to our newsletter.

II. PAXTR COMPONENTS

HUMAN WORLD TREASUE RESERVE PAXTR is mined for and by the people of this world. Every individual can claim the LIFTIME TREASURE RESERVE and also create money for the free float of the HUMAN WORLD TREASURE RESERVE. The mining happens the moment that people claim their money. It starts with zero tokens and will only be available to the number of people who have actively claimed PAXTR. The PAXTR smart contract automatically calls the data from the data platform http://population.io/ and the maximum possible mineable tokens is the maximum number of human beings on the planet. Every human being can mine 6000 PAXTR, which represents the life time value asumed for a good standard of living over a lifetime. 5555 PAXTR, equalling 92.58%, are mined to serve the person directly into their LIFETIME TREASURE RESERVE and can only be activated by the person who claimed the treasure. 7.42% is mined for the free flow of the market and serves to run the system. It is important to understand that PAXTR only channels a

PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in small portion into the corperate market, so that companies and countries need to promote the value they add to the people of this world and not central banks. This raises the demand towards the people which leads to higher value and stability. Companies can buy a small portion of PAXTR but they cannot purchase unlimited amounts. They can only get PAXTR from the people and they can not rob them with interest rates. They have to add value!

LIFTIME DEMURRAGE SYSTEM Most people do not understand the demurrage money system, and so we need to explain this briefly, in order to explain how it can be implemented in the PAXTR system. Most people have learned about one money system -the one we all know and use today. We are used to getting paid interest, instead of paying money, when we deposit money. Demurrage systems are doing just this. In a demurrage system it costs money to keep money, instead of investing it long term. This system was already in use in Egypt, in ancient times and spread right down into the middle ages in Europe. It was in the most prosperous times when long lasting projects were undertaken. Most buildings, such as cathedrals, which are still in use today, stem from those times. After the demurrage system was discontinued in Europe, such huge projects were no longer continued, because the interest consumed all potential to invest long term. The investment on a loan with interest needs the short term profits to pay back the interest. To give an example used by finance expert Bernard Lietaer, we compare investments as a forest, with money from a loan and with money in a demurrage system: We compare the investment as a pine forrest and an oak forest. Under the assumption that fast growing pine has a value of $100 in 10 years and slower growing oak has a value of $1000 in 100 years it all looks equal in value. But lets see what happens if we invest in the two different types of trees with loans with 5% interest and at the same time invest into the two trees within the demurrage system with a negative interest rate of 5%.

Example from today’s Currency with a positive interest rate:

Because of the positive interest rate, you are left with $61.39 from the 100$ because you have to pay the interest rate. To invest in a oak tree makes no sense, because you are left with $7.60 from $1000 value after one hundred years. Which would barely cover your costs and labour.

Example Of The Demurrage System: Currency With A Negative Interest Rate:

Because oft the negative interest rate, you are left with $167,02 from the $100, but investment in an oak tree is much more profitable, because you are left with $168.903,82 after one hundred years.

by Bernard Lietaer i As PAXTR money is given at birth it also begins to devaluate within the average lifetime after claiming it, if it is not used to invest in sustainable projects or to buy products in general. Therefore, the money loses value every year: 6000 PAXTR divided by 79 years. This is the avarage when this white paper was written. It can change over the years and the number will be called from the database as well. If a person uses the PAXTR money within a year, it will keep its value. So it is most profitable to invest in long-term sustainable projects. This is why this form of currency is more sympathetic with the biosphere and

PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in the play between efficiency vesus resilience. See the picture below. While the system today grows exponentialy, we want to establish a system that runs with efficiency and resilience.

by Robert E. Ulanowicz Universität Marylandii This will also be the main basis to establish:

PAX CASH: PXH

PAX COMMUNITY

PAX EDUCATION: PXE

PAX NATURE: PXN

PAX SOCIAL: PXS

It is important, because all these different fields need to have their own resilience in the ecosystem and possess a benefical outcome.

LIFETIME TREASURE RESERVE

All human beings can sign up to PAXTR and claim their own LIFETIME TREASURE RESERVE. It is called a reserve because the money is given as a lifetime guaranteed income on monthly basis or a loan without interest - and not in one lump sum. PAXTR is not designed to make everybody rich. You still need to work for your money if you want to achieve a higher living standard then the average. You also need to be active in the system and spend money in order to profit the most. But the idea is, to

create a basic life-long supply of liquidity and income. Here is how the LIFETIME TREASURE RESERVE works: General Registration process: Registration & claiming the the LIFETIME TREASURE RESERVE: a) Anonymous via finger print as you only claim your reserve once. This is done with the application CIVIC secure identity. The contract never stores personal data. Companies, banks and governments are not allowed to claim PAXTR in this OCO. They have to buy it on the exchanges from the people or offer products & services. b) Cellphone & Desktop. c) payment of 0.1 in ETH for gas and mining. By successful registration a wallet is created and the Lifetime Balance of 5555PAXTR is visible in the LIFETIME TREASURE RSERVE on the webpage. Here are the steps in money distribution and instructions on how to access PAXTR: 1. Supply by usage: Only 0.5 PAXTR is free to spend a the beginning. Everytime a PAXTR is spent, double the amount is set free, so after spending 0.5 PAXTR you make 1 PAXTR free, and so on, up to the maximum amount per month. The maximum amount for the month is 5555 PAXTR/average lifetime of 79 years/12 month. This is, at the moment, around 5.85979 PAXTR which is currently equal to $2.500 (The fix-exchange rate by valuation basket) 2. Monthly supply: If a person brings two people and/or companies to ACCEPT PAXTR for a minimum of 1 transaction, the monthly payments are immediately created. After that, he or she falls back to step one or he or she

PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in brings new people. After 5 People that accept PAXTR, the treasure is open for monthly payment, until the end of their lifetime. So, if the person activates at least 3 month, the monthy playment of the treasure is unlocked for ever. 3. PAXTR ANTICIPATION program (not yet implented): After step 1 and 2 have been fullfilled, a natural person can claim an ANTICIPATION from his lifetime treasure for: 1) Building a home. 2) Education. 3) Energy independence. 4) Food supply & environment programme The ANTICIPATION must either be backed by a person in any other currency by exchange in ETH, or other assets or can be used within PAXTR approved projects in these fields, or when all participants accept PAXTR. There is no interest on this ANTICIPATION and it is not allowed to use them for other purposes such as speculation. It is only possible to take ANTICIPATION to the maximum of 30% of the LIFE TIME TREASURE in order to guarantee the payback. The payback of the ANTICIPATION is deducted from the monthly payments, minus amount of the loan/ around 79 year (variable from the database)/12 month. Because of the demurrage, people will try to pay back the loan in PAXTR earlier. We want to inspire people to form PAXTR projects for education, energy independence and environment programs. For ideas, more information and ANTICIPATION applications for projects in 100% PAXTR, please write to us at the following email address your@paxco.in. The ANTICIPATION system will also be automated in the future.

FIXED EXCHANGE RATE BASKET PAXTR is not designed to be speculative and should provide a money with low volatility. Therefore, the price fixing is done by a fixed exchange rate to a basket of fiat currencies, commodities, average cost of living worldwide (114 countries), average cost for real estate worldwide (114 countries), average stock prices and crypto currencies in dollars. The basket is divided into 24 assets: 13/24: 54.17% Fiat Currencies 2/24: 8.32% Crypto Currencies 5/24: 20.83% Commodities 1/24: 4.17% Stock Indices 1/24: 4.17% average worldwide living expense 1/24: 4.17% average worldwide rent 1/24: 4.17% average square metre price worldwide The price is updated to the contract every six hours and during the moment of a transaction.

The following fiat currencies are in the basket: EUR, USD, YEN, CAD, CHF, GBP, SEK, SGD, INR, CNY, RUB, NZD and AUD. The following commodities are in the basket: Gold, Silver, Platinum, Palladium and Iridium. The following crypto currencies are in the basket: Bitcoin and Etherium.

PAXTR: Money from the people for the people, that is orientated to the principle of the biosphere

Christoph Heckenbuecker

your@paxco.in Real estate prices and standard of living is a connected database and based on data from 114 countries.

ACKNOWLEDGMENT OF THE

HUMAN RIGHTS CHARTER By using the PAXTR money you acknowledge the declaration of human rights by the UNITED NATIONS and the basis of the declaration 1789 in Paris. This money is created to unite all the people in this world.

CLAIM YOUR COIN NOW: https://paxco.in

References i Monetary diversity – Why and how? On the internet by Bernard Lietaer ii‘Quantifyingsustainability:Resilience,efficiencyandthereturnofii‘Quantifyingsustainability:Resilience,efficiencyandthereturnofinformationtheory’published online 29 November 2008