SCALE
  • Basics
    • SCALE WHITEPAPER
    • βš–οΈ$SCALE High Level Overview
    • βš–οΈTransforming SCALE into S88
    • πŸš€Launch
    • 🏦Minting Allocation
    • πŸͺžTokenomics
    • πŸ”₯The Buy and Burn
    • 🐲Strategic/Scale Hydra Enhancement Directive(S.H.E.D)
    • πŸ–ΌοΈDiagram
    • πŸ“˜The Ethos of $SCALE
    • βœ…Conclusion
    • πŸ“–Introduction to the TitanX Ecosystem
    • πŸ‘¨β€βš–οΈDisclaimer and Risks
  • πŸ’ΌDAO and Team Wallets
  • πŸ”’GitHub Repo and Audits
  • 🀳Socials
Powered by GitBook
On this page
  1. Basics

Introduction to the TitanX Ecosystem

TITAN X, designed with a strategic emphasis on reducing supply and fostering buy pressure via smart contracts, is a dynamic ecosystem underpinned by various mechanisms aimed at augmenting scarcity and value appreciation. Its core features include using 62% of a miner’s ETH to buy $TITANX and burn it as well as staking mechanics which incentivize users to lock up $TITANX for increased ETH yield, mimicking a Certificate of Deposit system prevalent in traditional banking. This lock-up strategy effectively reduces circulating supply, adding value and stability to $TITANX.

Moreover, TITAN X incorporates a Proof of Burn 2.0 mechanism enabling ecosystem developers to create new tokens by burning $TITANX permanently, thereby boosting scarcity. Constant buy-and-burn activities, coupled with daily reductions in mineable $TITANX and increasing production costs, fortify its deflationary model, fostering a trajectory of increasing scarcity and value over time.

The ethos of the TITAN X ecosystem:

  • Doxxed founder is highly preferred

  • Create pairs of $TITANX or a derivative of $TITANX/$YourToken not with ETH/$YourToken

  • Protocol/project must benefit the community by burning/removing $TITANX and potentially other tokens from the circulating supply

  • Collaboration between projects is encouraged

PreviousConclusionNextDisclaimer and Risks

Last updated 7 months ago

πŸ“–