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:
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.
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