# Minting

The decreasing ratio is as follows:

<table><thead><tr><th width="372">Day</th><th>Ratios of Titanx to Phoenix</th></tr></thead><tbody><tr><td>1</td><td>1 : 1</td></tr><tr><td>2-4</td><td>1 : 0.95</td></tr><tr><td>5-8</td><td>1 : 0.925</td></tr><tr><td>9-12</td><td>1 : 0.9</td></tr><tr><td>13-16</td><td>1 : 0.875</td></tr><tr><td>17-20</td><td>1 : 0.85</td></tr><tr><td>21-24</td><td>1 : 0.825</td></tr><tr><td>25-28</td><td>1 : 0.8</td></tr></tbody></table>

*( 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.


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