Buy and Burn/Feed
Fuel the Fire: Decentralize, Burn, and Build the Volt Revolution
Last updated
Fuel the Fire: Decentralize, Burn, and Build the Volt Revolution
Last updated
Volt combines a deflationary asset with massive buy pressure from the value coming into the protocol.
80% of TitanX Value: Allocated to the Buy and Burn/Feed mechanism.
Three Components:
Buy and Burn: 42% of tokens purchased from the liquidity pool (LP) are burnt.
Buy and Feed: 50% of tokens purchased from the LP are placed in "The Volt" for future auctions starting from Day 11.
Buy and Grow: 8% used for liquidity bonding for all TitanX protocol tokens
Daily Allocation:
Day 1: no burn on day 1
Day 2: 42% of the balance is used.
Day 3: 39% of the balance is used.
Day 4: 36% of the balance is used.
Day 5: 33% of the balance is used.
Day 6: 30% of the balance is used.
Day 7: 27% of the balance is used.
Day 8: 24% of the balance is used.
Day 9: 21% of the balance is used.
Day 10: 18% of the balance is used.
Buy and Burn Calculation:
Each day’s buy pressure is calculated as a percentage (e.g., 39%) of the remaining balance after subtracting the previous day's buy pressure.
% of (Balance - current pressure)
For example:
Day 3: Buy pressure = 39% of (Balance - Day 2's buy pressure)
Day 10: Buy pressure = 18% of (Balance - Day 9's buy pressure)
This approach introduces unpredictability and allows for fluctuating buy-and-burn amounts, with some days experiencing slightly larger burns. This all done in a fully decentralised and predicable way.
Daily Usage:
From Day 11 onwards, 15% of the Buy and Burn/Build balance is utilized each day.
The daily balance is divided into 288 parts, released every 5 minutes.
Unused portions will accumulate, similar to the Blaze and Inferno protocols.
Fully Decentralized Process:
The Buy and Burn process operates under pre-established, transparent rules.
These rules ensure clarity on the amount of tokens that will be burnt, maintaining the integrity and predictability of the protocol.
