Token Distribution
The entire supply of Ascendant tokens is minted with TitanX (Ethereum deposit enabled) within the first 10 days, with no additional tokens created afterward. This makes Ascendant deflationary very quickly.
TitanX Token Distribution:
Daily Auctions: Ascendant tokens are acquired via daily auctions using TitanX or Ethereum, creating ongoing buy pressure for TitanX, DragonX, and Ascendant. This drives prices up through an Archimedes Lever effect. Duration for each auction day will be 24 hrs.
Ascendant Token Distribution:
Max Supply: 1,343,000,000 tokens
Liquidity Wallet: 50 million tokens (to be used to pair with other Build on DragonX protocols)
Starting Liquidity: 5 million tokens paired with DragonX in the initial liquidity pool.
Stage 1 (Days 1-10): 100 million Ascendant tokens auctioned daily.
Stage 2 (Day 11 onward): All auctioned tokens come from "The Ascendant Pride".
The Ascendant Pride: 288 million tokens sent directly to Ascendant Pride for use on day 11 onwards.
Daily Auction Claiming: All tokens from daily auctions are distributed simultaneously at the start of each new day. This ensures clear price comparisons and potential arbitrage opportunities between auction tokens and liquidity pool prices.
LP Formation:
The LP is formed when the first $5000 comes into auctions, it is then paired with 5 million Ascendant Tokens
This creates a starting price of $0.001
The main LP pair will be Ascendant/DRAGONX
Overview: "The Ascendant Pride" fuels Ascendant's perpetual auction with a deflationary token model.
"The Ascendant Pride"
Source: After the initial 10 days, it becomes the exclusive source for auction tokens.
Starting Supply: 288 million tokens.
Daily Auction: 8% of tokens auctioned daily post-Day 10.
Token Entry: Tokens are introduced through Ascendant's Buy and Burn mechanism.
Recycling: 70% of tokens from the liquidity pool through Buy and Burn are directed to "The Ascendant Pride."
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