👑KINGX token

KINGX of the TitanxMarket

The KINGX token is a key element of the free-market economy of the TitanxMarket project, operating within the TitanX ecosystem. You can only acquire the KINGX token by minting it through TitanX. The primary utility of the KINGX token is associated with generating income through participation in the TitanxMarket protocol. Holders of KINGX tokens who decide to stake them in the protocol will participate in a significant portion of the profits derived from transaction fees within the protocol (purchases, sales, lending, and borrowing). The allocation of rewards from the fees is 36.8%. KINGX stakers will receive tokens bought from the market as reward.

The mechanism will work as follows: ETH from protocol fees will be used to buy TitanX tokens from the market, and then TitanX will buy KINGX tokens from the market and allocate them for payouts to stakers. Example 1: If the TitanxMarket protocol has 300 different transactions per day with an average transaction fee value of $25, then the reward pool for users staking KINGX over a month will amount to $82,800

Example 2: If the TitanxMarket protocol has 500 different transactions per day with an average transaction fee value of $30, then the reward pool for users staking KINGX over a month will amount to $165,600

KINGX tokens that are staked on the TitanxMarket protocol are there indefinitely and can be unstaked at any time. Only tokens that are staked count towards the pool that receives KINGX payouts - proportionally to their share in the pool.

One of the significant functions of the KINGX token is to reduce the supply of TitanX tokens, contributing to the increase in the value of the project. By exclusively minting the KINGX token using TITANX tokens, we limit the current and future supply of TITANX. The KINGX token is deflationary and will be available for mining exclusively for 17 days from the project's start at https://kingx.titanxmarket.win/

The exchange ratio at the beginning is 1:1 (1 TitanX token: 1 KINGX token). With each passing hour, this ratio decreases, reaching a value of 1:10 (1 TitanX token: 0.1 KINGX token) after 17 days. This means that on day 17, one will receive ten times fewer KINGX tokens for each TitanX token used for minting. After this period, the minting of the KINGX token is concluded, and its maximum supply is reached. KINGX tokens will be available to the user immediately after minting.

Within the protocol, TitanX tokens used for minting the KINGX token are distributed in the following way:

• 100% is directed to the Buy&Burn smart contract, which will be buying KINGX tokens from the market and burning them, reducing the available supply of the KINGX token.

We introduce an innovative mechanism already known from TitanX, which will be used to burn KINGX tokens.

For the Buy&Burn mechanism, 100% of TitanX tokens will be allocated, which will be transferred to it during the minting of the KINGX token. This mechanism allows for the burning of KINGX tokens. The process begins with establishing an initial liquidity pool for this pair on the Uniswap V3 exchange (1%). This pool will be created after collecting the first 10 billion (10,000,000,000) TitanX tokens for the purpose of minting the KINGX token. The smart contract will generate an equivalent number of KINGX tokens, also 10 billion (10,000,000,000), and based on this, will fully create the initial liquidity pool.

The Buy&Burn process in TitanxMarket is initiated by the TitanxMarket protocol in connection with the execution of profit payouts obtained from using the protocol and from transactions conducted on it, such as buying, selling, lending, or borrowing. The allocation for this process is 9.2% of the fees in the TitanxMarket protocol.

All ETH fees related to the use of the TitanxMarket protocol incurred by users (posting listings for sale/loan or making purchases/granting loans) are collected by the TitanxMarket smart contract and are distributed as follows:

• 46% goes to TitanxMarket Mine

• 36.8% goes to KINGX token stakers ( KINGX stakers will get KINGX tokens as reward )

• 9.2% of the fees go to the KINGX token Buy & Burn protocol (the smart contract first buys TitanX tokens from the market, then uses them to purchase KINGX tokens which are then burned)

• 8% to Developers