AwesomeX

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Description

AwesomeX is a minting platform utilizing $TITANX to produce $AWX, with a focus on market reduction and early adoption incentives. Operating in weekly cycles, it ensures 85.5% reduction of $TITANX from circulation, creating a strategic demand and liquidity. The initial mint starts at a favorable minting ratio which adjusts over 125 weeks, promoting early participation and significant engagement in the ecosystem. The project emphasizes decentralized engagement and aims to balance supply and demand effectively through its structured minting decrease.

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FAQ

What is the main purpose of AwesomeX?

AwesomeX is a decentralized platform focused on the minting of the token $AWX using another token, $TITANX. The platform operates on a weekly schedule, aiming to incentivize early participation in the minting process by offering favorable minting ratios at the outset. Over 85.5% of $TITANX used in this process is permanently removed from the market, aiming to create scarcity and stabilize the value of $AWX over time.

How does the minting process work on AwesomeX?

The minting process on AwesomeX happens weekly over a 24-hour period, starting every Friday at 14:00 UTC and ending on Saturday at 14:00 UTC. Participants use $TITANX to mint $AWX, with an initial minting ratio of 1 $TITANX to 2.8 $AWX. This ratio decreases by 2.8% weekly over 125 weeks, incentivizing early participation to maximize returns. After minting, users can claim their $AWX tokens.

What incentives does AwesomeX offer for early participation?

AwesomeX incentivizes early participation in its minting process with an advantageous initial minting ratio of 1 $TITANX to 2.8 $AWX. This ratio is designed to decrease over time, reducing by 2.8% every week for 125 weeks. The best minting ratio is available in the first week, and as it diminishes, the cost to mint increases, rewarding early participants with more $AWX for their $TITANX.

How does AwesomeX compare with other Ethereum-based finance projects?

AwesomeX differentiates itself within the Ethereum ecosystem by focusing on a unique minting system that removes 85.5% of $TITANX from circulation. This mechanism emphasizes scarcity and value retention of its $AWX token. While many Ethereum-based projects focus on staking or lending, AwesomeX's model appeals to users interested in engaging with a deflationary token economy and benefitting from early minting incentives.

What is the future minting ratio for AwesomeX, and how does it change over time?

The minting ratio of AwesomeX begins at 1 $TITANX to 2.8 $AWX and undergoes a consistent weekly decrease of 2.8% over a 125-week period. By the end of this period, the ratio will stabilize at 1 $TITANX to 0.08 $AWX. This gradual increment in minting cost encourages early engagement and contributes to the long-term value proposition of the $AWX token.

What should I do if I experience issues claiming my minted $AWX tokens?

If you experience issues claiming your $AWX tokens after a minting cycle, ensure that you are attempting to claim them within the specified timeframe post-mint cycle. Check for any connectivity issues with your digital wallet or the AwesomeX platform. Verify that your wallet is set to the correct network, such as Ethereum, and has sufficient gas fees for the transaction. For persistent issues, contact AwesomeX support or consult the community for assistance.

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