Buy & Burn/Grow Pool

47% Buy & Burn/Grow Pool

47% of AWX Value: Allocated to the Buy & Burn/Grow mechanism.

Two Components:

  • Infinite Auction: 50% of these tokens are sent to the Infinite Auction Pool that will activate Day 2 and run simultaneous to the daily mining.

  • Buy and Burn: 50% of these tokens are used to purchase DRACO from the liquidity pool (LP) and are burnt using the decentralized buy and burn smart contract (described below).

The decentralized Buy & Burn smart contract buys DRACO from the AWX/DRACO LP on Uniswap v3 and burns all the DRACO it buys over time. (Time, Value Cap & Slippage Adjustments are retained by the team)

  • This is a fully decentralized buy and burn that burns a total of 56% of the Burn pool supply every week. The Buy and Burn amounts each day are as follows:

  • 8% of the total AWX in the burn pool is used every day (8% per day).

    • This percentage is adjustable between 1% and 11% per day depending on market conditions

  • Buy and Burn occurs in intervals throughout the day.

  • The buy and burn process starts 24 hours after mining begins. (at the start of Day 2)

  • Intervals are publicly callable every 7.5 minutes throughout the day.

  • 7.5 minutes equals 192 intervals in 24 hours.

  • For example, if 8% is split into 192 parts, the value for each interval is calculated accordingly.

  • If an interval is missed, it accumulates to the next interval. For example, if a 7.5- minute interval for a buy and burn is $500 and it is not called, the next interval will be $1000. When called, the following interval returns to $500.

  • Any unused Buy & Burn value for that period will roll over into the following week.

"Out here I can burn in peace... and I just saw a roadrunner."

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