Choice of Input Token
Users have the option to mint with one of four different input tokens:
$AWX (AwesomeX + Optimized)
$DragonX
$TitanX
$ETH
When minting with DragonX, TitanX, or ETH—The input token is swapped for $AWX (plus the 8% minting fee) and mints the NFT to the user’s wallet. This process adds buy pressure to $AWX and creates a ‘Buy and Lock’ effect by soft-locking $AWX in the Vault.
Example:
Let’s say an NFT had a mint price of 100 $AWX tokens—Factoring in the 8% minting fee, the user pays 108 $AWX tokens to mint the NFT. From this transaction, 5 tokens are sent to the AWX Treasury, 3 tokens are sent to the AWX Launchpad, and 100 tokens get stored in the Vault for the user to be able to claim back at a later time if they choose.
Note:
...When users purchase the NFT using ETH.
Due to price movement, the user will send a small amount of additional ETH to mint an NFT - this is to account for changes in price. Any remaining funds will be refunded to User in AWX tokens
In addition, Large swaps may have an unfavorable price impact resulting in a higher price paid by user. The most optimal route is to mint with native AWX
Last updated