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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