âī¸Overview
Project Name: Helios
Ticker: HLX
Core Technology: ERC20 token on Ethereum blockchain. Built on the TitanX Protocol.
Helios Mission: Helios is designed to revolutionize cryptocurrency mining by integrating the TitanX protocol, a system known for its supply reduction and buy pressure mechanisms. Helios uses TITANX, instead of ETH, for mining operations, offering a unique approach to cryptocurrency engagement and asset growth.
Key Features:
TITANX-Based Mining:
Helios miners use TITANX tokens instead of traditional ETH. This unique aspect of mining is not only innovative but also aligns with the TitanX protocol's supply reduction strategy.
Staking Rewards:
Stakers in the Helios ecosystem earn TITANX and ETH, reaping the benefits of the protocol's diverse portfolio compared to others.
Treasury:
A percent of the mining fee is automatically directed to a smart contract, which in turn max stakes it within the TitanX protocol. This maximizes the returns for Helios participants and contributes to the ecosystem's stability.
ETH Rewards Utilization:
The ETH generated from the Treasury's rewards is allocated for paying HLX stakers, buying and burning HLX, and investing into other protocols. This approach reduces reliance on miners as the primary contributors to the burn pool and HLX staking rewards, thereby strengthening Helios's economic framework.
Helios and TitanX - A Synergistic Alliance:
Helios plays a pivotal role in advancing the TitanX ecosystem's key objectives, centered on diminishing supply and bolstering demand. By incorporating TITANX in its mining mechanism, Helios not only aligns with, but also reinforces TitanX's strategic vision of 'pumpamentals' â nurturing supply scarcity, escalating mining costs, and capitalizing on ETH's value. Moreover, Helios's innovative approach doesn't just benefit TitanX but enriches the entire TitanX ecosystem, creating a mutually beneficial environment where all platforms thrive.
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