LP Formation and X28 Distribution
Last updated
Last updated
The first 62,500,000,000 X28 to enter the Mizuchi smart contract will be used to create the initial liquidity pairs as follows:
MZI/X28 PAIR: 25,000,000,000 $X28 will be paired with 25,000,000,000 $MZI to create the primary Uniswap v3 liquidity pool. This pool will be created via smart contract and owned by the Buy, Burn and Fuel contract.
MZI/TITANX PAIR: 25,000,000,000 $X28 will purchase $TITANX and be paired with 25,000,000,000 $MZI to create a secondary Uniswap V3 liquidity pool. This pool will be created manually and the LP token will be owned by the liquidity injection contract.
MZI/LGNDX PAIR: 5,000,000,000 $X28 will purchase $LGNDX and pair with 5,000,000,000 $MZI to create a Uniswap V2 pool as a liquidity bonding strategy with . This pool will be created manually, and the LP token will be burned.
The remaining 7,500,000,000 $X28 will be distributed to the $LGNDX Buy & Burn and Genesis according to the X28 distribution rules as described below.
The X28 from user participation in Supply Creation and Perpetual Auctions will be used as follows:
88% Buy, Burn & Fuel
4% sent to $LGNDX Buy and Burn
8% Genesis (No Expectations)
The Buy, Burn and Fuel smart contract will own the primary Uniswap V3 LP token (MZI/X28) and all of the $MZI tokens accumulated from LP fees will be sent to to be used in Perpetual Daily Auctions. The X28 fees accumulated from fees will be fed back into the Buy, Burn and Fuel to help further reduce the supply of $MZI, reward users, and feed the perpetual auction system.
The Uniswap v3 LP token representing the MZI/TITANX pair will be owned by the liquidity injection smart contract and compound fees forever.
The Uniswap v2 LP token representing the MZI/LGNDX pair will be burned and compound fees forever.