It’s like if Jack Levin and Richard Heart had a baby, it would be called Titan X. – @ryantorres6100
TITAN X has first-of-its-kind tokenomics (designed to be mined) with 62%+ buy & burn, 28%+ ETH yield and is an application layer crypto that others can build on.
Jake Sharpe (aka Nick Kenens) has taken the best ideas (buy & burn for example) and combined them into a creative solution. He has spent years studying advanced game theory (HEX, XEN, ATROPA) and closely observing cutting-edge DeFi projects. The “Buy and Burn” strategy is designed to create the largest Ethereum liquidity pool, rather than just temporarily influencing the coin’s price. It’s carefully crafted for a substantial and long-lasting impact, with the goal of providing stability and strength to TITANX.
Not only that, but HYPER’s coming out in Jan-Mar 2024, what is it though? First, imagine it as a “foundation”. Other developers can create new things on top of Titan using its proof of burn 2.0 system. These developers will receive a percentage of TITANX tokens that are “burned” during the 28-day burn pool payouts. Hyper will be the first token to be created on the TITANX foundation.
The TITANX buy & burn is 10,033x more powerful than the $PLSX buy & burn. And it starts at a $10K marketcap.– https://x.com/inkayknows/status/1716692932781134244?s=20
A few things you should know about this him/project:
- HYPER is actively being built on top of TITANX to burn liquid supply and to be released end of Q1 2024.
- Self made Marketing Millionaire (liquid cash) at 26.
- $TITANXAudited 3 times by @akshaysrivastv, @deadrosesxyz, and @gogotheauditor.
- Strong Community.
What people are saying:
Here is more in-depth information about $TITANX(TitanX):
- Massive buy & burn pressure on small liquidity pools (summary).
- In the “Buy & Burn” smart contract, there’s a button called “collectFees” that the public can use. This button takes the fees earned from the WETH LP (liquidity pool) and uses them to buy and burn TITAN X tokens. It also burns the $TITANX tokens that were received as fees. So far, nearly 2 billion TITAN X tokens have been burned from LP fees as of 2:33 AM on October 29, 2023. This means that $124,000 worth of TITANX tokens have been burned through decentralized LP fee burns alone. Every trade not only burns TITAN X tokens but also contributes to the buy and burn process.
- TitanX (TITANX) faces a situation where there is a high demand for it, but a limited supply, making it challenging to acquire. When you execute a TITANX burn, you receive a portion of the ETH from the “Burn Pool,” and your reward can be enhanced by utilizing a “Burn Bonus Amplifier,” which can go as high as 8%.
- Approximately 7% of the total ETH involved in mining TITAN X is allocated to the “Burn Pool.” Users who engage in TITANX burns receive a share of this burn pool based on their total burn activity within a specific wallet. The Burn Bonus Amplifier, which can reach up to 8%, depends on the extent of their burning activity.
- The process of purchasing and burning TITANX tokens will be initiated by users themselves.
- Initially, the “swap cap” will be set at 1 ETH per function call. This means that only 1 ETH will be utilized for the purchase and burn of TitanX tokens from the market during each function call.
- To completely deplete the 100 ETH stored in the buy and burn pool, the buy and burn function would need to be invoked 100 times. This approach ensures that the buy and burn process occurs gradually and avoids potential price manipulation through front-running, particularly in periods of low liquidity.
- Large portion of supply staked because users want massive ETH payouts.
- Staking for Rewards: People “lock up” or stake their TITANX to earn rewards in Ethereum (ETH).
- Large portion of supply burned because users want to participate in projects + get ETH payouts.
- Burning for Benefits: Some users destroy, or “burn,” their TITANX to participate in projects and receive ETH rewards.
- Becomes harder & more expensive to create with every passing day.
- Limited Availability: It’s getting tougher and more expensive to obtain TITANX over time.
- Future supply (miners) are burnable as well, creating a supply squeeze on future TITANX.
- Future Supply Control: The number of TITANX that can be created in the future can also be reduced, which makes it scarcer.
TitanX – Actions possible by users:
- Virtual Mining – When you go to the Mine page, you can specify the # of days you want to mine for & the # of power you want your miner to have. To mine TITANX, people use ETH + time.
- Simply, you can mine TITANX by using ETH and specifying how long you want to mine and the mining power you want.
ETH distribution from mining:
Simply, when you mine TITANX, a portion of the ETH you earn is used to buy and burn TITANX, some goes to stakers, some to burners, and a bit to a “Genesis” fund. More details here:
- 62% of ETH gets sent to the decentralised Buy & Burn smart contract to buy TITANX off the market via the WETH/TITANX pair on Uniswap v3 and burning all the TITANX it buys.
- 28% of ETH goes to the payout cycles used to pay out TITANX stakers based on their # of shares.
- 7% of ETH goes to the Burn Pool used to pay out TITANX Burners based on how much they’ve burned in the last 28-day period.
- 3% of ETH goes to Genesis.
You can earn ETH by staking TITANX for different periods, with longer stakes earning bigger rewards.
- ETH Payouts to TITANX stakers based on the rolling payout cycles – every 8 days, 28 days, 90 days, 369 days and 888 days. Longer stakes bigger payouts.
- It always becomes harder & more expensive to get TITAN for every day that passes.
Summarizing: TitanX takes inspiration from various DeFi projects:
- XEN – Token Creation Costs:
Similar to XEN, TitanX utilizes ETH for token creation, but unlike XEN, the process involves a fixed increasing rate rather than just a gas fee.
- Disinflationary Model:
Like XEN, TitanX employs a disinflationary mechanism where the number of TITANX tokens you receive per fee decreases with each passing day as you claim your rank and engage in mining activities.
- tRank Bonus:
Similar to XEN, TitanX offers a tRank bonus tied to the number of users claiming a rank while you’re actively minting and mining TITANX tokens.
- HEX – Staking:
TitanX features a staking system reminiscent of HEX, where the rewards for earlier and larger stakes are more substantial. However, it’s worth noting that HEX rewards stakers with HEX tokens, while TitanX rewards them with ETH, not TITANX.
- PLSX – Buy and Burn:
TitanX follows a buy and burn strategy like PLSX, directing a substantial 62% of ETH towards the acquisition of TITANX tokens from the market, which are subsequently burned.
- DBXEN – ETH Distribution to Stakers:
A notable portion (28%) of the ETH used in the minting process in TitanX is distributed to TITANX stakers, drawing inspiration from the distribution model in DBXEN.
Why is this not launching on PulseChain?
- It’s on the Ethereum network only because the ETH network has $1B/day in volume. PulseChain has ~8M/day. If PLS gets more adoption, Jake’s not opposed to launching there. X1 is in the cards as well.
Join the NEWS telegram here: https://t.me/TitanXNews
Join the CHAT here: https://t.me/TitanXCrypto
READ MORE here: https://docs.titanx.win
TitanX Launches Saturday, 10/28/2023 at a RANDOM time.
OFFICIAL TITAN X CONTRACT: 0xf19308f923582a6f7c465e5ce7a9dc1bec6665b1
Created by Jake Sharpe, follow him on Twitter/X.
At the time of the last update to this article, I want to make it abundantly clear that I own the mentioned crypto token $TITANX. This article is intended solely for educational purposes and informational content. It is imperative to understand that nothing contained within this article should be construed as financial advice or a recommendation to buy, sell, or invest in any cryptocurrency. Cryptocurrency investments carry inherent risks, and decisions regarding crypto investments should be made after thorough research and consultation with a qualified financial advisor. The content presented in this article is for informational purposes only and should not be considered as a substitute for professional financial guidance. Always conduct your own research and exercise caution when considering any financial or investment decisions related to cryptocurrencies.
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