TitanX.win
Search
⌃K
💸

Mining ETH Distribution

For full details on mining specifically, go to Virtual Mining​
This page only talks about the ETH that people use to create TITANX miners and what the TITAN X protocol does with it.
​
To mine TITANX, people use ETH + time. The ETH gets given back to the users in a variety of ways to support the ecosystem growth, as seen below.
​
ETH distribution:
  • 62% of ETH gets sent to the decentralised Buy & Burn smart contract to buy TITANX off the market via the WETH/TITANX pair on Uniswap v3 and burning all the TITANX it buys.
  • 28% of ETH goes to the payout cycles used to pay out TITANX stakers based on their # of shares
  • 7% of ETH goes to the Burn Pool used to pay out TITANX Burners based on how much they've burned in the last 28-day period.
  • 3% of ETH goes to Genesis of which you should have no expectations whatsoever. This may or may not be used to create deep liquidity between crucial pairs within the TITANX ecosystem.
​
This is all done through smart contracts that users call & interact with using their own private keys, there is no central actor, authority, individual, group or company doing any critical work whatsoever. It's completely decentralized, owned & ran by the users interacting with the smart contracts deployed on the globally decentralized network called Ethereum.
​