Reward Pool
The rewards pool gets filled with TITANX and X28 from staking payouts. All TITANX not getting compounded are converted to X28 and are distributed as follows:
Auto-Compound - TITANX and X28 used to market buy ecosystem tokens and stake
Buy & Burn - X28 used to Buy & Burn STAX
NFT Hodlers - X28 sent to NFT holders
Genesis - no expectations
During Mint (Days 1-28)
0%
80%
12%
8%
Sliding Scale* (Days 29-299)
80% - 20%
0% - 60%
12%
8%
Forever after (Days 300+)
20%
60%
12%
8%
*Sliding Scale Phase - Auto-Compound and the Buy & Burn
Initial State:
80% Auto-Compound
0% STAX Buy & Burn.
This changes proportionally by 2% every distribution cycle (9 days).
Ex. Cycle 2 will be 78% Auto-Compound and 2% Buy & Burn. Cycle 3 will be 76% Auto-Compound and 4% Buy & Burn.
Final State:
20% Auto-Compound
60% Buy & Burn
Distribution
Rewards distribution to NFT holders will be callable every 9 days. This function only needs to be called once by a single person to allocate X28 to everyone. Users are then able to claim X28 tokens at any time after a distribution event. Your portion of the rewards pool is equal to the total reward multiplier of all your NFT's combined then divided by the global multiplier.
Example:
You own a Rare (10x) and a Legendary (Amped) (120x)
Your total multiplier is 10x + 120x = 130x
If the global multiplier of all NFT's in circulation combined is 13,000x then your % of the pool is calculated as 130x/13,000x = 0.01 or 1%
If the rewards pool has 10,000 X28 in it, then your 1% portion claimable is 100 X28 tokens.
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