🔥Buy and Burn

The Ascended buy and burn/feed mechanism consist of three components:

1.) TitanX Buy and Burn Mechanism:

• 72% of all TitanX is used to buy DragonX.

• 20% of the TitanX is sent to TINC's TitanX buy and burn contract.

• 8% of all TitanX is sent to a Genesis Wallet.

2.) DragonX Buy and Burn Mechanism:

• 80% of the DragonX is used to buy and burn Ascendant.

• 20% of the DragonX is sent to the reward pools, boosting rewards for NFT holders.

3.) Ascendant Buy and Burn Mechanism:

• 30% of the Ascendant is burned.

• 70% of the Ascendant purchased are placed in "The Ascendant Pride" for future auctions starting from Day 11.

Initial buy and burn (Days 1-10)

• Daily Allocation:

  • Day 1: no burn on day 1

  • Day 2: 42% of the balance is used.

  • Day 3: 39% of the balance is used.

  • Day 4: 36% of the balance is used.

  • Day 5: 33% of the balance is used.

  • Day 6: 30% of the balance is used.

  • Day 7: 27% of the balance is used.

  • Day 8: 24% of the balance is used.

  • Day 9: 21% of the balance is used.

  • Day 10: 18% of the balance is used.

• Buy and Burn Calculation:

  • Each day’s buy pressure is calculated as a percentage (e.g., 39%) of the remaining balance after subtracting the previous day's buy pressure.

  • % of (Balance - current pressure)

  • For example:

    • Day 3: Buy pressure = 39% of (Balance - Day 2's buy pressure)

    • Day 10: Buy pressure = 18% of (Balance - Day 9's buy pressure)

This approach introduces unpredictability and allows for fluctuating buy-and-burn amounts, with some days experiencing slightly larger burns. This all done in a fully decentralised and predicable way.

Post Initial buy and burn (Day 11 Onwards)

• Daily Usage:

  • From Day 11 onwards, 15% of the Buy and Burn/Build balance is utilized each day.

  • The daily balance is divided into 288 parts, released every 5 minutes.

  • Unused portions will accumulate, similar to the Blaze and Inferno protocols.

• Fully Decentralized Process:

  • The Buy and Burn process operates under pre-established, transparent rules.

  • These rules ensure clarity on the amount of tokens that will be burnt, maintaining the integrity and predictability of the protocol.