X28 is OmniChain TITANX
Simple 1-page description of X28, the 1:1 OmniChain representation of TITANX.
X28 is 1 to 1 createable using TITANX, X28 serves as the OmniChain token of the #BuildOnTitanX ecosystem.
dApp: https://app.x28.win
Over time, X28 will exist on almost every single EVM & non-EVM chain as a way for our community to expand to other chains for other build purposes/audiences while still linking everything to our "core" which is Ethereum. All supply created comes directly from Ethereum. Zero dilution.
X28 IS TITANX. 1 TITANX gets you 1 X28, forever.
Mechanics:
1 TITAN Creates 1 X28.
50% of the TITANX used to create X28 gets burned forever.
50% of the TITANX used to create X28 gets used to Buy & Burn X28 like this:
TITANX buys X28 via TITANX/X28 LP and then burns 100% of the X28 it bought off of market.
Every time 1 X28 is worth more than 1 TITANX, it opens up an arbitrage opportunity, example:
if 1 X28 is worth 1.1 TITANX, someone can come in and get a free 10% arbitrage opportunity, as arbitragers arbitrage that "premium" above 1 to 1, it burns TITANX off of the market forever.
This will either be ran by bots or by humans. But it will happen. Every minute, every hour, every day, forever burning TITANX and reducing circulating supply of both TITANX & X28.
Liquidity:
X28 on Ethereum will have the core pair being TITANX/X28
This liquidity pool is forever locked & publicly viewable inside of the decentralized buy & burn contract with no withdrawal functions.
The X28 fees earned by the LP will get burned
The TITANX fees earned by the LP will be used to buy TITANX via TITANX/X28 and burn it
On all other EVM or Non-EVM chains, X28 will be paired with the native token of that chain.
None of this document is financial advice. past performance does not guarantee future performance. You're solely responsible for your own decisions. This is merely a description of the inner workings of the protocol. You're interacting directly with an on-chain smart contract that has no intermediaries or human interaction requirements. You & the immutable code that exists on chain.
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