🔥Buy & Support & Burn & Feed

Fuel the Fire: Decentralize, Burn, and Build the Axel Revolution

AXEL combines a deflationary asset with massive buy pressure from the value coming into the protocol.

Buy and Burn/Feed Mechanism

• 62% of PLS Value: Allocated to the Buy and Grow/Burn/Feed mechanism.

• Two Components:

  • Buy and Burn/Feed: 55% buys AXEL off the market, 33% of AXEL tokens purchased from the liquidity pool AXEL/WPLS are burned. 67% of tokens purchased from the LP are placed in AXEL Vault for future auctions starting from Day 14.

  • Buy and Grow: 7% of PLS from deposit goes to Liquidity Wallet to make AXEL liquidity thick

Initial buy and burn (Days 1-10)

• Daily Allocation:

  • Day 1: no burn on day 1

  • Day 2: 42% of the balance is used.

  • Day 3: 39% of the balance is used.

  • Day 4: 36% of the balance is used.

  • Day 5: 33% of the balance is used.

  • Day 6: 30% of the balance is used.

  • Day 7: 25% of the balance is used.

  • Day 8: 20% of the balance is used.

  • Day 9: 17% of the balance is used.

  • Day 10 onward: 15% of the balance is used.

• Buy and Burn Calculation:

  • Each day’s buy pressure is calculated as a percentage (e.g., 39%) of the remaining balance after subtracting the previous day's buy pressure.

  • % of (Balance - current pressure)

  • For example:

    • Day 3: Buy pressure = 39% of (Balance - Day 2's buy pressure)

    • Day 10: Buy pressure = 18% of (Balance - Day 9's buy pressure)

This approach introduces unpredictability and allows for fluctuating buy-and-burn amounts, with some days experiencing slightly larger burns. This all done in a fully decentralised and predicable way.

Post Initial buy and burn (Day 10 Onwards)

• Daily Usage:

  • From Day 10 onwards, 15% of the Buy and Burn/Build balance is utilized each day.

  • The daily balance is divided into 288 parts, released every 5 minutes.

Please bear that in mind that these are initial settings for BNB, they might be changed for the good of protocol if there will be such need.