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Proof of No Work
The term "white paper" can be traced to the British government during Winston Churchhill's administration in 1922. It is called a "white paper" because once upon a time, government papers were color-coded, and they assigned the term ‘white’ to any document for public consumption.
Proof of No Work is a new hyper-deflationary cryptocurrency model featuring $PoNW token on the PulseChain blockchain. PoNW is an automatic reflection token that generates yield via a 3% transaction tax, where 2% is automatically reflected (redistributed) to existing holders & 1% is burned (permanently removed from circulating supply). HODLing $PoNW earns you both a larger percentage of each reflection reward & a larger percentage holding of the total marketcap with each transaction on-chain.