FLARE
  • Flare: The OFT Hyper-Deflationary Protocol on TitanX
  • Flare Minting and Auction Process
  • Mint Allocation and Ratio
  • Liquidity Pool Creation
  • Daily Auction Pool Mechanics
  • Buy & Burn Mechanics
  • Buy/Sell Tax
  • Conclusion
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Mint Allocation and Ratio

Weekly Mint Ratios: Each week, Flare is minted at an adjusted rate, decreasing as the weeks progress.

  • Week 01: 1 TITANX = 1 FLARE

  • Week 02: 1 TITANX = 0.99 FLARE

  • Week 03: 1 TITANX = 0.98 FLARE

  • Week 04: 1 TITANX = 0.97 FLARE

  • Week 05: 1 TITANX = 0.96 FLARE

  • Week 06: 1 TITANX = 0.95 FLARE

  • Week 07: 1 TITANX = 0.94 FLARE

  • Week 08: 1 TITANX = 0.93 FLARE

  • Week 09: 1 TITANX = 0.92 FLARE

  • Week 10: 1 TITANX = 0.91 FLARE

  • Week 11: 1 TITANX = 0.9 FLARE

Minting and Auction Allocation:

  • 48% of TitanX will mint X28 and be allocated to the Daily Auction Pool; this will buy Flare the next day over 180 calls sit in the pool.

  • 28% of TitanX will mint X28 and will be used to buy Flare from the X28/Flare pair, fueling the Flare burn.

  • 8% of TitanX is directly used for the creation and growth of the Inferno/Flare pair for the first 4 weeks. After the 4 weeks are over, that 8% is sent to the Inferno Buy and Burn V2 forever.

  • 8% of TitanX to be used for Liquidity Webbing

  • 8% allocated to Genesis

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Last updated 5 months ago

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