Buy & Burn Mechanics
Overview: Flare’s Buy & Burn mechanics use a decentralized system to continually reduce supply. Each day has a dedicated percentage of X28 allocated to burn both Flare and TitanX, following a daily schedule.
Buy & Burn Schedule:
Sunday to Wednesday: 4% of total X28 per day.
Thursday: 10% of total X28.
Friday and Saturday: 15% of total X28 per day.
Process:
Intervals: Buy and burn transactions occur as time and value cap buy and burn intervals every 7.5 minutes, creating 192 intervals daily.
Accumulated Buys: If an interval is missed, the amount is doubled for the next interval. Any unused TitanX rolls over to the following week.
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