Reviewed: September 21, 2026
Parallax Network is no longer presenting itself as only a mobile mining app.
Its new whitepaper describes a planned Layer 1 blockchain, a maximum supply of 10 billion PAX and an unusual allocation model designed to connect the Foundation’s rewards with community growth.
THE 10 BILLION PAX SUPPLY
According to the official whitepaper, PAX has a maximum supply of 10 billion tokens.
The allocation is:
- 90% for the community and ecosystem: 9 billion PAX
- 10% for the Foundation and development team: 1 billion PAX
The community allocation covers mobile mining, validator rewards and the planned Savings Protocol.
The Foundation allocation may support development, marketing, liquidity and long-term operations.
A DIFFERENT TEAM UNLOCK MODEL
The Foundation’s 10% allocation does not unlock according to a calendar.
It is designed to unlock in proportion to the community’s mining progress.
The whitepaper gives this example:
If the community generates 1 billion PAX, the protocol may release 100 million PAX from the Foundation’s 1 billion PAX allocation.
In simple terms, the team receives access to more of its allocation only when the community reaches new supply milestones.
This design looks more balanced than a fixed team unlock schedule. However, it is still a whitepaper mechanism. It cannot yet be verified through a live blockchain.
MINING BECOMES HARDER OVER TIME
The base mining rate is planned to decrease by 10% after every 100 million verified PAX emitted.
This is a declining emission system. It is not the same as burning tokens because the total supply does not decrease.
The roadmap is also linked to token emission instead of fixed dates.
The whitepaper places Mainnet and the Token Generation Event at the milestone of 1 billion verified PAX. It also estimates an initial circulating supply of approximately 100 million PAX.
These are project plans, not guaranteed launch figures.
WHO PUBLISHES THE APP?
Google Play displays “Parallax Foundation” as the publisher name, but its developer details identify:
- ANTONIO FERRARI JUNIOR
- Brazil
- A personal Outlook support email
- More than 100,000 downloads
The Apple App Store lists Daniela Heffelmann as the developer and seller.
The project’s Foundation page says it currently operates as a decentralized working group. It is preparing a legal structure under Dubai’s Web3 framework.
No completed Dubai entity, company number, licence or registered office has been published.
WHAT IS STILL MISSING?
The tokenomics are now documented, but they are not yet independently verifiable on-chain.
The official Network Explorer remains under construction. It does not display total users, verified users, mined PAX, verified PAX or active Core Nodes.
There is also no public live contract or Mainnet ledger confirming:
- The 10 billion PAX supply limit
- The 90/10 allocation
- The Foundation unlock mechanism
- The circulating supply
- The migration balances
PAX also cannot currently be sold, exchanged or redeemed for real-world value.
THE KYCFIRST VIEW
Parallax has presented one of the more community-focused allocation models among newer mobile mining projects.
The numbers are attractive:
10 BILLION PAX
90% FOR THE COMMUNITY
10% FOR FOUNDATION AND DEVELOPMENT
But a strong whitepaper is only the first step.
The next test is whether Parallax launches its blockchain, publishes verifiable supply data and implements the 90/10 allocation exactly as described.
Project-reported: 10 billion PAX and 90/10 allocation.
Publicly verified: Android developer account connected to Brazil.
Not yet verified: Dubai entity, live blockchain and on-chain token supply.
Sources: Parallax Whitepaper · Foundation · Network Explorer · Google Play
KYCFIRST shares public information about mobile mining projects. This is not an invitation to invest.
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