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TITANX | MOE TAKES OUT 23k! DID HE STAKE OR SELL? GET YOUR MINER NOW! #titanx #eth #crypto #ethereum
https://app.titanx.win/mine
The sole design purpose for TITAN X is to reduce supply, add programmatic buy pressure through smart contracts & drive demand to the ecosystem through various avenues and game theory mechanics.
Here are the main pumpamentals for the TITAN X ecosystem:
TITAN X has staking mechanics where users can earn massive ETH yield compared to other cryptos, to do so - they have to lock up their coins for a certain duration, the longer they lock, the more ETH yield they get. This mimics a Certificate of Deposit system used in banks. When these users are locked to earn yield, they can't sell. When they can't sell, there is less TITANX on the market, so it becomes more scarce and more valuable to get. They, in essence, get rewarded handsomely for protecting the price.
Because of the supply lock-up mechanisms inside of TITANX, that also means the liquidity pool for TITAN X will be able to be kept small so that the buy & burn has maximum effect on pushing up the price & burning supply off of market forever.
TITAN X also has a Proof of Burn 2.0 mechanism built into it where developers within the ecosystem can use TITANX to launch their own tokens, when they do - that TITAN X gets burned out of existence forever, which means it can never be sold.
Constant Buy & Burning from miners getting started makes TITANX more & more scarce to obtain over time. This buying happens programmatically through smart contracts and is completely decentralized and all public functions are called by users.
Every day, through the daily Update function, the amount of TITANX that can be mined is reduced and becomes more expensive to mine over time (increasing ETH cost). This is a more aggressive version of the 4-year Bitcoin halving, the TITANX daily reductions add up to more than 1 halving per year + the ETH cost increase. This pushes up the cost of production floor over time as it becomes harder & harder to produce 1 TITANX as time goes on.
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