# Phoenix overview Phoenix has a simple mission: to be the most hyper-deflationary capped supply project built within the Titanx ecosystem. ## What is Phoenix? Phoenix is a hyper deflationary protocol built on top of Inferno and functions as a staking whale in three separate Titanx projects: Blaze, Flux, and Titanx. Rewards received are used to maintain the stakes and fuel the Phoenix buy\&burn. This buy\&burn will route through Inferno first before buying Phoenix off market. The Phoenix brought off market is split 50/50: half is burnt, and half is sent to an auction balance where 1% of the balance is auctioned off daily for Titanx. Titanx received is recycled back into Phoenix. ### The Staking Trinity Phoenix will have partial ownership in three staking protocols. The rewards received will be split between maintaining the stakes and fueling the Phoenix buy\&burn / buy\&bid. * **Titanx stake**- 20% of all Titanx that enters Phoenix through the mint phase will be max staked. * **Flux stake**- 28% of all Titanx that enters Phoenix through the mint phase will first buy Inferno before buying Flux to be max staked. * **Blaze stake**- 9% of all Titanx that enters Phoenix during the mint phase will first buy Inferno before buying Blaze to be max staked. For the first 110 days 100% of rewards received will be reinvested to grow the stake. ### Daily auctions Whenever the Phoenix buy smart contract is triggered by a user Titanx will buy Inferno before buying Phoenix. The Phoenix brought is split 50/50: * 50% will be burnt. * 50% will be sent to an auction balance. Starting after the mint phase perpetual auctions will commence with 1% of this balance being up for grabs in return for Titanx. The Titanx received will be recycled back into the Phoenix buy smart contract and will also be used to further support the three stakes. ### Other Key features * **Leverage play on Inferno**- Main LP will be PHOENIX/INFERNO. Phoenix buy\&burn / buy\&bid uses Titanx to first buy Inferno and then Phoenix creating a double buy effect. To maintain the Blaze & Flux stakes rewards will first buy Inferno before the respective token. * **Ecosystem support**- Through staking, Phoenix will effectively lock away the liquid supply of Titanx, Blaze, and Flux, preventing these tokens from re-entering the market. As a result increasing the scarcity of each project. The user incentive for each callable function in Phoenix will come from a percentage of the callable amount being sent to them. # Minting Participants will use Titanx to mint Phoenix over a period of 4 weeks (28 days) with a decreasing ratio of Titanx to Phoenix. The decreasing ratio is as follows:
DayRatios of Titanx to Phoenix
11 : 1
2-41 : 0.95
5-81 : 0.925
9-121 : 0.9
13-161 : 0.875
17-201 : 0.85
21-241 : 0.825
25-281 : 0.8
*( Users will have to wait 24 hours to claim their Phoenix tokens during the mint phase. This is to help prevent bad actors entering the mint to make a quick ROI )* Phoenix wants to reward early participation, so for the first 24 hours the best ratio will be available. Day 2-4 will be 1:0.95 and then the ratio will decrease every 4 days after by 0.025. As the ratio decreases over time the Phoenix buy smart contract will kick into gear, buying Phoenix off market hopefully making sure the ratio is profitable or breakeven for the user. Additionally if Inferno increases in value over the 4 weeks it will lift Phoenix with it, also making the mint ratio profitable or breakeven for the user. If some days the mint ratio isn't profitable or breakeven it simple means less Titanx will enter the system and give Phoenix a lower starting liquid supply with participated users holding a larger percent of Phoenix's total supply. # Titanx allocation The Titanx received during the mint period will be split as follows: * **35%- Phoenix buy\&burn / buy\&bid** * ( Titanx buys Inferno and then Phoenix ) * **28%- Flux stake** * ( Titanx buys Inferno and then Flux to be max staked ) * **20%- Titanx stake** * ( Titanx is max staked ) * **9%- Blaze stake** * ( Titanx buys Inferno and then Blaze to be max staked ) * 8% Genesis # Liquidity pool The LP will be formed from the first 10 billion Titanx that enters Phoenix, this will buy Inferno (from Inferno/TitanX LP) off market to pair with 10 billion Phoenix. This creates a starting price 1 : 1 with Titanx. The main LP pair will be **Phoenix/Inferno**. The pool will be V3. Phoenix received through fees from the initial LP will be burnt. Inferno received will be sent to the Flux staking vault, where it will be used to buy Flux and to be max staked. # Flux stake Phoenix will be a perpetual Flux staker and own a percentage of all Titanx payouts from the Flux reward pools. **Mint phase**- 28% of all Titanx that enters Phoenix during the 4 week mint phase will be used to create a Flux stake. The Titanx will be swapped to Inferno and then Flux and max staked 2888 days. Received rewards allocation: **45% Buy & Stake Flux**- Titanx will buy Inferno off market then Flux to be max staked at 2888 days. In the event a stake ends Flux is claimable to be sent back to the Flux Treasury to be restaked. **45% Phoenix buy & bid / buy & burn-** Phoenix buy & bid/ buy & burn balance will be stored as Titanx, when a user calls the buy & bid/ buy & burn Titanx buys Inferno first and the Phoenix . The Phoenix brought is split 50/50 with half of the Phoenix brought being burnt forever and the other half being sent to the Phoenix auction balance. **5% sent to Titanx stake**- One main priority for protocols in Titanx is to burn/stake Titanx off market. By utilising Phoenix's own Titanx stake we are able to take Titanx off market and directly benefit Phoenix in the process through increasing its share in the Titanx reward pools. **5% Genesis** All the above processes will be done through our Flux staking smart contract. All features are user callable so in this way all steps will be completely decentralised and callable by any user. Additionally 6.5% of the Titanx received through the daily auctions will be sent to the Flux stake smart contract to buy Flux off market to be max staked. # Titanx stake Phoenix will also be a perpetual Titanx staker and own a percentage of all Ethereum payouts from the Titanx reward pools. **Mint phase**-20% of all Titanx that enters Phoenix during the 4 week mint period will be max staked in Titanx. Additionally 6.5% of the Titanx received through the daily auctions will be max staked. The rewards received from our Titanx stake will be split: **50% Buy & stake Titanx** -The Titanx staking pool is popular and very competitive with multiple projects competing for a decent percentage ownership, as a result a higher percentage of rewards is needed to be reinvested to maintain the stake. The Titanx will be staked after 100 billion Titanx is received or after 7 days have passed, this is done to take advantage of the bigger pays better amplifier. **45% Phoenix buy & bid / buy & burn**- Ethereum rewards will be swapped to Titanx to be stored in the Phoenix buy\&burn / buy\&bid smart contract. This balance is split 50/50 with half of the Phoenix brought being burnt forever and the other half being sent to the Phoenix auction balance. **5% Genesis** All the above processes will be done through our Titanx staking smart contract. All features are user callable so in this way all steps will be completely decentralised and callable by any user. Any individual or protocol is able to send Titanx to our Titanx staking smart contract to be max staked, this is more beneficial than simple burning Titanx as Phoenix supports multiple projects in Titanx and the Titanx sent will never touch the market again. # Blaze stake Phoenix will also be a perpetual Blaze staker and own a percentage of all Ethereum payouts from the Blaze reward pools. **Mint phase**-9% of all Titanx that enters Phoenix will buy Blaze off market to be max staked. As the Blaze stake has the smallest allocation for the first 110 days all Ethereum rewards will be reinvested to buy Blaze and max stake it. In this way we are able to build up a decant stake in Blaze. After the 150 days the rewards received will be split as follows: **45% Buy & Stake Blaze**- Ethereum received will go to buy Titanx off market, then Inferno and then Blaze to be max staked at 2888 days. In the event a stake ends Blaze is claimable to be sent back to the Blaze treasury to be restaked. **45% Phoenix buy & bid / buy & burn-** Ethereum rewards will be swapped to Titanx to be stored in the Phoenix buy\&burn / buy\&bid smart contract. This balance is split 50/50 with half of the Phoenix brought being burnt forever and the other half being sent to the Phoenix auction balance. **5% sent to Titanx stake**- One main priority for protocols in Titanx is to burn Titanx off market. By utilising Phoenix's own Titanx stake we are able to take Titanx off market and directly benefit Phoenix in the process through increasing our share in the Titanx reward pools. **5% Genesis** All the above processes will be done through our Blaze staking smart contract. All features are user callable so in this way all steps will be completely decentralised and callable by any user. Additionally 2% of the Titanx received through the daily auctions will be sent to the Blaze stake smart contract to buy Blaze off market and max stake it. # Phoenix buy\&bid / buy\&burn Phoenix buy\&bid / buy\&burn will store Titanx. Phoenix is brought by swapping Titanx to Inferno and then to Phoenix, all in a single transaction. The buy\&bid / buy\&burn will have four independent streams of inflows: -45% of rewards received from Titanx stake. -45% of rewards received from Flux stake. -45% of rewards received from Blaze stake (After the 110 day reinvestment phase). -80% of Titanx from daily auctions. Much like the buy\&burn of Titanx the amount and time intervals are adjustable to prevent bot attacks. The Phoenix tokens brought from these four inflows will be split as follows: | Destination: | Percentage: | | --------------- | ----------- | | Auction Balance | 50% | | Burnt | 50% | In this way Phoenix is able to burn its supply and provide fuel for the daily auctions which in turn provides value back to the buy\&bid / buy\&burn. # Daily auctions Starting after the 4 week mint phase (Day 29) daily auctions will begin where 1% of the Auction balance is up for grabs. Users will need to deposit Titanx to participate. The auctions start at 'X time' every day and last 24 hours. Users that enter the auction during the first 23 hours will be able to claim their Phoenix directly after the auction ends. Users that enter the auction during the last hour will have to wait 1 hour after the auction ends to claim their Phoenix. This is to help prevent bad actors entering Phoenix auctions just to dump the tokens for a quick ROI when they end. 50% of the brought Phoenix tokens from the buy\&burn / buy\&bid are sent to the Auction balance. Everyday, 1% of this balance is auctioned off for Titanx. Ideally, the auction will close near breakeven ROI, meaning participants will have paid close to market value for the available Phoenix Tokens. The Titanx received will be split as follows: | Destination: | Percentage: | | ---------------------------- | ----------- | | Phoenix buy\&bid / buy\&burn | 80% | | Genesis | 5% | | Titanx stake | 6.5% | | Flux stake | 6.5% | | Blaze stake | 2% | In this way a steady inflow of Titanx will enter Phoenix further fueling the buy\&burn/ buy\&bid balance and supporting its three stakes. # Visuals For the visual learners:

Above illustration shows all percentages and allocations for each step in Phoenix.

Above shows the allocation of Titanx from the 4 week mint phase.

# Audits Phoenix has undergone two comprehensive audits. ## CD Security {% file src="/files/yivh0LuhgydJz1LqcuzA" %} ## Hunter Security {% file src="/files/kvIObVWedad9XLJVigyL" %} # Disclaimer **Disclaimer:** * **No Central Authority:**\ There is no **central actor**, **authority**, **individual**, **group**, or **company** involved in running Phoenix.\ Everything is **fully decentralized**. * **Who Runs Phoenix:**\ Phoenix is owned and operated by the users who interact with the smart contracts. These contracts are deployed on the globally decentralized network called **Ethereum**. * **No Financial Guarantees:**\ Phoenix offers **no promises or guarantees** regarding your financial success.\ There are no **guarantees** for any claims made in content. * **Content Disclaimer:**\ All information is **anecdotal** and/or **hypothetical**.\ It should be viewed as **entertainment only**.