Futures
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X2024 gameplay simple introduction newbies must know🔥🔥🔥
Total supply of X2024: 20.24 million coins
▪️ 20.24 million coins are all added to the BNB pool, with 0 reserved. After going online, coins cannot be directly purchased from the BNB pool. The contract will release a total of 0.96% of the coins from the BNB pool daily, distributed to LP users based on real-time block allocation.
First, BNB pool coin in the Mining Pool cannot be bought, only sold, so how to add LP?
▪️The X2024 contract has achieved technical innovation, and transferring BNB into the contract will yield X2024LP LP tokens.
▪️ If the user transfers 1BNB into the contract, the contract will automatically execute 0.5BNB to purchase tokens from the pool ➕0.5BNB to add Liquidity and send the LP tokens obtained to the user's Wallet (saving the user from the tedious process and time of adding Liquidity), after obtaining the LP token X2024LP, they can enjoy real-time MiningDividend.
Will the selling of coins mined by LP into the BNB pool cause a death spiral and a drop in the coin price?
▪️The BNB pool will burn a total of 1.44% of the base pool daily, and release a total of 0.96% daily to LP users Dividend.
Using the example of a 10,000 coin + 100,000 U bottom pool and a coin price of 1 U:
The daily total amount of coins in the bottom pool is burned by 1.44% ➕ 0.96% lpDividend, and the total amount of coins in the bottom pool is reduced by 2.4%. At this time, the remaining total amount of coins in the bottom pool (97600 coins ➕ 100,000u) has a price of 1.0245u, pump 2.45%
【The LP user has Dividend 0.96% of the total currency, and all 960 coins are sold into the pool. The total number of coins in the pool (97600 + 960) = 98560 coins, and the number of USDT in the pool (100,000 - 960 * 1.024u) = 99017U. At this time, the price of the pool (98560 coins + 99017u) is 1.005u】
▪️Therefore, this conclusion, not entering LP funds every day, even if LP users sell Dividend coins every day, the coin price does not fall but pumps, perfectly solving the death spiral caused by the falling coin price in previous defi projects.
▪️In the later stage, the USDT pool will act as the Secondary Market, and the coin price will always be higher than the BNB pool coin price. LP users' dividend coins can be sold to the USDT pool. In this way, if there are no sellers in the BNB pool, the coin price will rise by at least 2.45% every day, plus the funds getting on board will pump even faster.
Leave your bnbAddress and I will transfer x2024 to you. Let's set sail together!