About AwesomeX
AwesomeX is a unique protocol designed to leverage the TitanX token for minting its native token, AWX. The minting process occurs in weekly cycles, specifically every Friday at 14:00 UTC until Saturday at 14:00 UTC, allowing users to claim their tokens after each 24-hour mint period.
When users mint AWX, 70% of the TitanX utilized is subjected to a buy and burn mechanism, effectively reducing the circulating supply. In addition, 15.5% of the TitanX involved in minting is permanently removed from the market through a process called DragonX. This results in a total of 85.5% of TitanX being taken off the market, enhancing the scarcity and potential value of AWX.
The minting ratio starts at 1 TitanX equaling 2.8 AWX in the first week and will gradually decrease over a period of 125 weeks, stabilizing at a ratio of 1 TitanX to 0.08 AWX. This significant reduction in the minting ratio translates to a 3400% increase in the cost to mint AWX by the end of the 125-week period.
As soon as the protocol reaches 50 billion TitanX on the first day of minting, a liquidity pool will be established, ensuring a structured and efficient trading environment for AWX. Investors are encouraged to participate early to take advantage of the optimal minting conditions.