What is AwesomeX?

Symbol: AWX · Market cap rank: #10961

Short answer

AwesomeX (AWX) is a cryptocurrency currently ranked #10961 by market capitalisation. It is classified as DeFi.

Source: isthiscoinascam.com

Overview

AwesomeX is a protocol that allows users to mint its native token $AWX using $TITANX. The process occurs in weekly mint cycles lasting 24 hours, during which 70% of the $TITANX used is set for buy and burn, while an additional 15.5% is permanently removed from the supply through a mechanism called DragonX. This results in a total of 85.5% of $TITANX being eliminated from the market through these activities.

Minting sessions occur every Friday at 14:00 UTC and run until Saturday at the same time. The minting ratio starts at 1 $TITANX to 2.8 $AWX in the first week and will decrease each week until reaching a stabilized ratio of 1 $TITANX to 0.08 $AWX by the 125th week. Once 50 billion $TITANX is reached, a liquidity pool (LP) will be established for the project.

Headquarters: UAE

Scam-risk analysis

AwesomeX has a moderate score — some risk signals were raised but no critical concerns. Is AwesomeX a scam?

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