🔥 Burns

The protocol features a primary buy-and-burn for the Genie token, a secondary buy-and-burn to acquire Bitcoin paired with ETH, and a refuel contract that boosts the main buy-and-burn every 40 days.

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Dual Buy-and-Burns

• ETH to TitanX to $Genie: Enhances Genie's value by supporting its ecosystem.

• ETH to WBTC: Builds Bitcoin reserves for the Bitcoin Pool.

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$GENIE Buy-and-Burn Mechanism

The ETH to TitanX to Genie buy-and-burn process cycles ETH through TitanX to support the protocol and enhance Genie's value. This mechanism operates on a structured daily balance usage system and follows a clear allocation model working in pure decentralized way, rules set at beginining:

Amount of Value

• Day 1 to 10 = 20% of Value into Buy and Burn

• Day 11 onwards = 20% of Value into Buy and Burn

Daily Balance Usage

• 35% of full buy and burn balance used daily

Burn Allocation of $Genie

• 30% to Genie Treasury.

• 50% Burnt.

• 20% to the Daily Drip.

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Summary of Key Mechanics

• Buy-and-Burn System: ETH cycles through TitanX to enhance Genie's value

• Burn Allocation: 50% burnt, 30% to treasury, 20% to Daily Drip.