What is AwesomeX?

Symbol: AWX · Market cap rank: #9888

Short answer

AwesomeX (AWX) is a cryptocurrency currently ranked #9888 by market capitalisation.

Source: isthiscoinascam.com

Overview

AwesomeX utilizes the $TITANX token for minting its native token, $AWX, with minting cycles occurring weekly for 24-hour periods. During these cycles, 70% of the $TITANX used is subject to a buy-and-burn mechanism, while an additional 15.5% is permanently removed from circulation through a process called DragonX. This results in a combined 85.5% of $TITANX being eliminated from the market for each minting cycle.

The minting process starts every Friday and continues until Saturday at the same time, with a decreasing minting ratio over a span of 125 weeks. Initially, the ratio begins at 1 $TITANX equaling 2.8 $AWX, which gradually decreases to 0.08 $AWX per $TITANX by the end of the cycle period. The project will establish a liquidity pool once 50 billion $TITANX is reached on the first day of minting.

Scam-risk analysis

AwesomeX has a low score, indicating elevated scam risk based on the available data. Is AwesomeX a scam?

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