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Their Official site text:
Maxx ($MAXX) was born from the launch of the PoMaxx (POMX) token on Pomchain in early January 2023.
Its aim was to become an ecosystem in which its host of utilities will bring real world usage to its users as well as consistent passive income to its holders. The goal was to establish a central cryptocurrency system where users had the ability to store their tokens and, in exchange, earn consistent rewards while continuously enhancing the value and security of the chain.
From PoMaxx to Maxx
During the development process, the team decided to go for a V2 launch in late February 2023 with a rebrand to $MAXX, aiming to optimize their efforts and establish themselves as a premier token on the chain. Despite becoming one of the top tokens on the chain post-launch, the chain itself was unable to sustain the growth and popularity it had experienced in its early days, leaving projects and users feeling disheartened – it was at that point that the founder of the chain had decided to migrate to a new chain to start over.
The Maxx Core team recognized this moment as an opportunity and took over as the lead developers on the chain, committed to continuing to build for the community.
During their pursuit of this challenging endeavor, the team utilized their extensive managerial and business experience to develop several contingency plans, ensuring that they exhausted every possible effort to save the chain. As they re-evaluated their short-term roadmap, the team collaborated with other projects already on the chain that had previously been overlooked, in order to leverage their vast utilities and make them a prominent feature of the rebranded chain.
The Maxx team encountered multiple obstacles along the way, which were beyond their control and made it challenging to rejuvenate the chain. As a result, the team had to resort to a contingency plan that safeguarded their interests in chain-building. And with that, a new blockchain was born and development began on a brand-new EVM Layer 1 PoW Blockchain.