LegendX

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app.titanlegends.win

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Description

LegendX, accessible at https://app.titanlegends.win, features $LGNDX, a core ERC-20 token within the Titan Legends ecosystem. Designed to provide liquidity to the Titan Legends NFT collection through "The Battlefield," a two-way escrow swap, $LGNDX has a total supply capped at 2,888,888,888, ensuring deflationary properties and non-mintability. Users can trade $LGNDX on decentralized exchanges like Uniswap without transaction taxes, promoting cost-efficient transactions. Additionally, 3% of $LGNDX from Bounty Claims and Ransom Payments is permanently burned, furthering its deflationary mechanics.

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FAQ

What is the primary purpose of the $LGNDX token within the Titan Legends ecosystem?

The primary purpose of the $LGNDX token is to provide a liquid solution for the Titan Legends NFT collection. It accomplishes this through 'The Battlefield,' a two-way escrow swap contract that integrates a deflationary mechanism. This setup ensures that $LGNDX remains a stable and efficient component of the ecosystem.

How does the deflationary mechanism of $LGNDX work?

The deflationary mechanism of $LGNDX operates through interactions with its two-way escrow swap contract, 'The Battlefield.' Specifically, 3% of $LGNDX tokens involved in Bounty Claims and Ransom Payments are permanently burned, reducing the total supply over time and potentially increasing the token's value.

What are the benefits of using $LGNDX for transactions in the Titan Legends ecosystem?

Using $LGNDX for transactions offers several benefits, including tax-free trading on decentralized exchanges like Uniswap. This tax-free nature enhances cost-effectiveness, allowing users to transact seamlessly without additional expenses, making it an attractive option for those within the Titan Legends ecosystem.

How does $LGNDX compare to other tokens in the Ethereum ecosystem?

$LGNDX stands out in the Ethereum ecosystem due to its unique deflationary design and tax-free transaction model. Unlike many other tokens, $LGNDX's structure reduces its total supply over time, potentially increasing scarcity and value, which is a distinctive feature within the NFT sector.

What should users do if they encounter issues while transacting with $LGNDX?

Users encountering issues with $LGNDX transactions should first check the status of their Ethereum network and gas fees, as these can impact transaction success. For persistent issues, reaching out to the Titan Legends support team via their official communication channels is recommended for assistance.

Why is $LGNDX significant within the NFT industry?

$LGNDX is significant within the NFT industry due to its innovative approach to tokenomics, particularly its deflationary mechanism that burns tokens under specific conditions. This aspect, combined with its utility in the Titan Legends ecosystem, positions it as a robust and versatile asset in the growing NFT market.

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