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description: What is Flare?
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# Flare: The OFT Hyper-Deflationary Protocol on TitanX

Flare is a hyper-deflationary token built on the TitanX protocol, incorporating a unique daily auction system and a capped supply distributed over 11 weeks. Following the initial distribution, the protocol enters a phase of full deflation. Flare dedicates 92% of system value to buy-and-burns and liquidity within TitanX and its future protocols.

**Flare's Key Features:**

* Deflationary Token: Controlled token distribution with rapid buy-burn mechanics.
* Daily Auctions: Structured to increase scarcity and value.
* 11-Week Full Distribution: The initial distribution phase ends in 11 weeks.
* Flare is OFT (Omnichain Fungible Token), meaning all supply will start on the ETH blockchain and will be able to transfer to any evm blockchain.&#x20;

**Auto X28 Minting:** 76% of the ETH and TitanX used for Minting or Daily Auction will mint X28
