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.