TitanX Distribution
This page focuses on the TitanX tokens that have been used to create HLX miners and the corresponding distribution within the Helios protocol.
Distribution of TitanX tokens:
70% as described below:
0%-60% of TitanX tokens are sent to a decentralized smart contract to purchase HLX tokens from the market through the TitanX/HLX pair on Uniswap v3 and burn all acquired HLX tokens.
10%-70% of TitanX tokens are designated for the Treasury. These tokens are max staked on TitanX protocol to earn ETH. This ETH will be used to support the ecosystem including buy HLX and burn them. This creates additional fuel for the buy and burn contract even when miners are not being created. Forever.
Initial values are 60% to Buy Burn and 10% to Treasury. Every week the percentage of Buy Burn will go down and Treasury up by 0.5%. After week 121 (Day 840), the values will end at 0% to Buy Burn and 70% to Treasury for the life of the protocol.
| Week | Day | To Buy Burn | To Treasury | Total Distributed |
|---|---|---|---|---|
1 | 1 | 60.0% | 10.0% | 70% |
2 | 7 | 59.5% | 10.5% | 70% |
3 | 14 | 59.0% | 11.0% | 70% |
âĻ | ... | ... | ... | ... |
119 | 826 | 1.0% | 69.0% | 70% |
120 | 833 | 0.5% | 69.5% | 70% |
121 | 840 | 0.0% | 70.0% | 70% |
122 | 847 | 0.0% | 70.0% | 70% |
123 | 854 | 0.0% | 70.0% | 70% |
âĻ | ... | ... | ... | ... |
30% as described below:
28% of TitanX tokens are directed towards the Cycle Reward Pool, facilitating rewards to stakers based on the number of shares they hold.
2% of TitanX tokens are sent to Genesis. There is no expectation of how this is used. Possibly for additional liquidity, bonuses, and/or marketing.
User Incentive to call TitanX Distribution Function:
Users earn a 0.3% incentive from the 'Distribute TITANX' pool for triggering the smart contract function. This function distributes all TITANX to the pools as listed above.
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