Token Distribution
The entire supply of Ascend tokens is minted with TitanX or Ethereum within the first 10 days, with no additional tokens created afterward. This makes Ascend deflationary very quickly.
TitanX Token Distribution:
Daily Auctions: Ascend tokens are acquired via daily auctions using TitanX or Ethereum, creating ongoing buy pressure for TitanX, DragonX, and Ascend. This drives prices up through an Archimedes Lever effect. Duration for each auction day will be 24 hrs.
Ascendant Token Distribution:
Max Supply: 1,305,000,000 tokens
Liquidity Wallet: 100 million tokens
Starting Liquidity: 5 million tokens paired with DragonX in the initial liquidity pool
Stage 1 (Days 1-10): 100 million Ascend tokens auctioned daily
Stage 2 (Day 11 onward): All auctioned tokens come from the Treasury
The Ascendant Pride: 200 million tokens sent directly to the Treasury for use on day 11 onwards
Daily Auction Claiming: All tokens from daily auctions are distributed simultaneously at the start of each new day. This ensures clear price comparisons and potential arbitrage opportunities between auction tokens and liquidity pool prices.
LP Formation:
The LP is formed when the first $5000 comes into auctions, it is then paired with 5 million Ascendant Tokens
This creates a starting price of $0.001
The main LP pair will be Ascend/DragonX
Overview: Treasury fuels Ascend's perpetual auction with a deflationary token model.
Treasury
Source: After the initial 10 days, it becomes the exclusive source for auction tokens
Starting Supply: 200 million tokens
Daily Auction: 8% of tokens auctioned daily post-Day 10
Token Entry: Tokens are introduced through Ascend's Buy and Burn mechanism
Recycling: 70% of tokens from the liquidity pool through Buy and Burn are directed to the Treasury.
Last updated