Mizuchi Overview
Last updated
Last updated
Mizuchi is a hybrid project built on X28 in the TITANX Ecosystem with a unique system that rapidly reduces supply, rewards NFT holders, and strengthens the liquidity of the $MZI token by utilizing an 88% Buy, Burn and Fuel mechanism along with a perpetual auction system.
During an 8-day supply creation phase, participants can create $MZI supply by minting 8 different tiers of NFTs. Each tier is linked to a predetermined amount of $MZI tokens and minted at a 1:1 ratio with X28. Upon minting, the NFT is sent to the user's wallet, and the corresponding $MZI tokens are locked in a vault known as In The Wyrmhole, users can burn their NFT to claim the $MZI backing linked to their specific NFT(s). Likewise, users are able to Summon (mint) new NFTs with $MZI as the primary input any time after the first 8 days, effectively helping to soft-lock $MZI supply and give new entrants an opportunity to get into the 8-Day Payout Pool. Starting on the day 16th after the protocol's launch, NFT holders are able to collect $MZI rewards from the Mizuchi Payout Pool every 8 days, perpetually. This payout pool is fed from using a percentage of the buy pressure from the Buy, Burn and Fuel mechanism. The rewards from this payout pool accumulate over each cycle, and users have the option to compound their rewards by Summoning (minting) new NFTs with their accumulated $MZI tokens.
After the 8-day supply creation cycle conclude and perpetual daily auctions begin, both the NFT supply and the associated $MZI tokens will be capped, becoming increasingly deflationary. The entire system is designed to reward long-term holders, with a focus on deflation, scarcity, and sustainable value growth.
