Is DragonX The Next Hex?
Written by: Dicraken
15 August 2024
DragonX has seen an incredible run of more than 30x in 5 days, it’s the first token in this ecosystem to see such an incredible run.
What happened ? (If you’re new, read this introduction to the ecosystem first)
1. God tier tokenomics
When people started a miner to earn $TitanX at the start, some of the ETH used to start the miner went to the staking payout vault. (Eg: https://app.titanx.win/payouts)
People that staked their $TITANX received some of the ETH in the staking payout each 8, 28, 90, 369 and 888 days.
That’s the point where Erik, the founder of Dragonx was a mastermind.
He created a protocol on top of TitanX bonded with Titanx: DragonX/TitanX that received a good chunk of the staking payout thanks to an auction system (1 TitanX : 1 DragonX)
After each payout cycle, 92% of the ETH buys TitanX, 44.5% is restaked and 44.5% buys DragonX and burns it.
Thanks to that, DragonX pump after the buy of TitanX and pump again after the buy in DragonX.
The supply is limited because there isn’t any other emissions so this is the the scarce asset of the ecosystem.
20% of the supply has already been burn !!!
After day 280, people saw that the Marketcap was equal to the payout and understood the power of this protocol and that’s why this token pumped so much.
2. A great team
Thanks to Erik and his team of 4 full time builders, DragonX is building its own ecosystem: Titan Farm, Shadow project with Jake.
But also already built great things such as an Hybrid nft collection to sell you tokens through nft marketplace in order to avoid price impact.
Despite his shyness, Erik went heavy on the marketing by doing a lot of streams and pushing a lot of content in Twitter to push the project.
You can see his streams in his youtube channel: https://www.youtube.com/@teamdragonx
3. Many projects to intensify the burning in the future
Jake and Erik are now building a project together that will launch in less than 88 days.
It will use $TitanX to start a miner and compound it with DragonX to burn a lot more of the supply.
We also have TitanX farm that will give some yield to farmers and which will burn some DragonX
Finally, BabyDragonX, a memecoin launched on top of DragonX gained momentum and has made DragonX even more scarcer.
Hence, DragonX has strong and unique fundamentals to follow the path of HEX and to achieve exponential growth !
Thanks for reading, me !
If you want to learn more, join: https://t.me/dragonxwin
And you can find Erik’s account here: https://twitter.com/G1Erik
To learn about the other protocol that are being built on the ecosystem: https://www.titanxhub.com/
