Liquidity Pool
How is the AWX/DRAGONX LP formed ?
Last updated
How is the AWX/DRAGONX LP formed ?
Last updated
The first 50 Billion TitanX into the protocol, buys DragonX at market rate (from DragonX/TitanX LP), and pairs it up with 50 Billion AwesomeX Tokens.
The first 50 Billion $TitanX will buy $DragonX and start initial liquidity pool.
Uses TitanX to buy DragonX from the DragonX/TitanX pool.
50 Billion AwesomeX will be minted and paired with the bought DragonX.
The pool will be V3
This LP is locked forever
All fees are sent each week to the AwesomeX Treasury to keep the flywheel spinning.
The mint cost mechanism, where new $AWX tokens are minted at a cost measured against TitanX but primarily paired with DragonX, offers several benefits:
By linking mint costs to TitanX, it ties the value proposition of new assets directly to the foundational currency of the ecosystem, ensuring equal availability of participation for all community members.
In addition, TitanX is a mineable currency that is created by the community using $Eth + Time, so the community can always mine more $TitanX and continue to mint AWX, since the weekly mint cycles will never end.
DragonX is a capped supply and not mineable so having this as the Main LP allows for maximum value appreciation when factored against the cost of TitanX as fuel.
Pairing the main Liquidity pool of $AWX with $DragonX, a #BuildonTitanX protocol with a capped supply, creates a synergy where the success of $Eth positively impacts $TitanX, which impacts DragonX, then $AWX, enhancing overall liquidity and value.
This mechanism encourages users to engage more deeply with the ecosystem, as holding and using TitanX becomes advantageous for participating in new projects.
