WARP
  • WARP
    • Initiate WARP
    • Token Distribution
    • The Warp Drive
    • Buy and Burn/Fuel Haven
    • Auctions
    • Liquidity Pool
    • Audits
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  1. WARP

Buy and Burn/Fuel Haven

HYPER FUEL: Lab tested by the founders and ready to BURN

Once the WARP ship systems are installed and initiated, the Warp Drive will be engaged. When the Hyper fuel reserves are filled, the launch sequence will begin its countdown to deflation through daily buy pressure coming into the protocol.

Buy and Burn/Fuel Haven Mechanism

  • 85% ETH/X28/Hyper/TINC Value: Allocated to the Fuel Haven to prepare for the User Called Buy and Burn mechanism.

  • Three Components (not including Genesis and Portal allocation):

    • Buy and Burn: 60% of tokens purchased from the liquidity pool (LP) are burnt.

    • Buy and Fuel: 30% ETH/TitanX/Hyper tokens purchased from the LP are sent to "The Warp Drive" for future auctions starting from Day 8.

    • HYPER Burn: 10% of every User Call of the Buy Hyper function will be burned

Buy and Burn (User Called)

  • Day 1: No Buy and Burn

  • USER CALLED FUNCTIONS Day 2+:

    • Buy X28 - Buy X28 with ETH via X28/WETH LP

    • Buy Hyper - Buy Hyper with X28 via Hyper/X28 LP

    • Buy Burn WARP - Hyper->WARP->0xDEAD

This method introduces variability, leading to fluctuating buy-and-burn amounts, with some days seeing slightly higher burns. Despite the unpredictability, the process remains fully decentralized and transparent.

Post Initial buy and burn (Day 2 Onwards)

  • Users will be responsible for calling the 3 separate Buy and/or Burn functions

  • Daily Token amount and frequency per call will be determined by multiple factors including gwei and prior day buy pressure

  • User incentive per call distributed in each call's native token

Decentralization

  • Fully Decentralized Process:

    • The Buy and Burn process functions according to predefined, transparent rules.

    • These rules provide transparency on the number of tokens to be burned, preserving the protocol’s integrity and predictability.

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Last updated 6 months ago

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