Why am I bullish on TitanX ecosystem?(1 and 5 minutes presentation of the ecosystem)
Written by: Dicraken
13 August 2024
1. TitanX ecosystem in 1 minutes: elevator speech
TitanX is a fair launched project built on Ethereum by Jake Sharpe, inspired by his experience and by Richard Heart vision of Defi.
$TITANX is the fuel of an ecosystem of tokens bonded to it which creates an unique opportunity for holders to get a leverage on their Ethereum. Right now, you can compound your Eth (Hyper, TitanX), stake your TitanX (Blaze) and have a store currency (DragonX) …
Indeed, “All for one, one for all” as Jake highlights in many streams because the more projects are built on top of it and the more TitanX and its ecosystem gain in $value thanks to its unique bonded liquidity pair system.
The distribution phase went perfectly and now we are in the building phase with a unique reserve of Buy and Burn in Eth with more than 22M$ to buy and burn TitanX thanks to the distribution phase and to the other projects in the Ecosystem.
The aim of the project is to go from hyperinflationary to hyperdeflationary.
We now have more than x builders, x holders and no more emissions of tokens after October wich will make TitanX hyperdeflationary.
This project is community owned, community built and community oriented.
You now have the opportunity to be part at a cheap price of the beginning of a one of its kind project supported by maths, Defi on steroid concepts and a strong community.
2. TitanX ecosystem in 5 minutes: an analysis of the ecosystem
If you’re still here, I guess that you’re interested in the project and want to know more about it. We will go through the main concepts behind it: Build On TitanX, Community owned token, “from hyperinflationary to hyperdeflationnary” and trustless code.
A. Build on TitanX:
1. Game theory plays:
All tokens related to the TitanX ecosystem participate in pumping all the ecosystem by the liquidity pairing mechanism.
Those projects are giving many points of entry to the ecosystem for many types of usage: compounding your Eth, leveraging your Eth through a unique store currency, yield farming, staking, OTC …
We have a lot of builders building genius stuff in the background and a lot more coming out (see: TitanXhub) like X28 that will make TitanX a multichain project.
2. Liquidity pairing (core value proposition of the project)
Each pair in the ecosystem is bonded to TitanX thanks to Uniswap pools which implies that if TitanX goes up by 100%, the Y token goes up by 100%.
If TitanX goes down by 50%, the Y token goes down by 50%.
If Y goes down by 50%, TitanX doesn’t move.
If Y goes up by 100%, TitanX doesn’t move.
When you swap TitanX for Y, the $TitanX is locked in the liquidity pool and you have less tokens in circulation which makes the asset scarcer and scarcer.
Hence: “One for all, all for one”. (Jake Sharp, 2024)
The interesting thing about it is that every project attached to TitanX supports the other projects contrary to all the projects paired to Eth that are competing against each other.
TitanX is about cooperation instead of competition in order to become a scarcer and scarcer asset.
The more projects are built on TitanX and the more all the $Token/$TitanX goes up exponentially.
For instance, let’s take the example of DragonX, the scarce asset of the ecosystem with a limited supply built on top of TitanX. Its buy and burn vault swaps Eth for TitanX, swaps TitanX for DragonX and burns it which creates a double pump effect on $DRAGONX while making $Titanx pumping and scarcer.
B. Community owned token:
It launched without any VC or any ICO; and each token has been created through a proof of burn system with Eth thanks to a mining system using time to calculate token distribution. (see TitanX wp).
Now, almost all tokens have been mined and there is no tokens coming out after October which means that all holders earned their tokens with the same cost opportunity.
That’s why we don’t have insiders, VC dumping or things like that in TitanX.
Every builder in this space have built their protocol without any donations or through shady private sales.
That’s why, builders, holders and marketers are part of the community.
C. From Hyperinflationary to Hyperdeflationary:
TitanX has been designed in three phases by Jake:
- Distribution phase (hyperinflationary)
- Building phase (Build on TitanX)
- Hyperinflationary phase (flywheel effect)
The distribution phase went pretty well during 280 days by ejecting from the project weak hands while keeping hard believers.
“The stock market is a device for transferring money from the impatient to the patient” Warren Buffet
Now, we are entering the deflationary phase thanks to the buy and burn vaults and to the projects built on top of TitanX.
D. Trustless code:
The code is pretty sick, no issues in 290 days, triple audited code, no data collected from the user side and strong servers.
Smart contracts are safe and Jake won’t go with the money in the buy and burn vaults because those contracts have only few options (Buy TitanX and burn it), (Buy and Burn rate), (Buy and burn cap).
Congrats for reading all this stuff (I know it’s a lot), I will go further in details of various concept in the following posts.