Drogon.win
  • Drogon on AWX, X28 & Draco
  • Choice of Input Token
  • Virtual Mining of Drogon
  • AWX Distribution
  • DROGON Vault Mechanics
  • DROGON Buy&Burn/Grow
  • Simultaneous Infinite Auction
  • Liquidity Pool
  • DROGON Growing Hybrid NFT's
  • Mutually Beneficial
  • Why Build on AWX & DRACO?
  • Drogon design script - V1
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  • Allocations
  • How does the Decentralized Buy and Burn Remove Supply?

DROGON Buy&Burn/Grow

38% of deposited AWX enters the the decentralized DROGON Buy&Burn/Grow pool:

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Last updated 5 months ago

Allocations

Grow: 50% of this pool is sent to the Infinite Auction Pool to grow this over time

Buy & Burn: 50% of this pool is used to buy and burn Drogon daily over time.

How does the Decentralized Buy and Burn Remove Supply?

This is a decentralized buy & burn that burns a total of 56% of the buy&burn pool every week after day 28. (Time, Value Cap & Slippage Adjustments are retained by the team)

The Buy and Burn amounts from the pool each day are as follows:

  • 8% is used everyday (8% per day - 56% total per week)

  • Buy & Burn occurs in intervals throughout the day.

  • On day 29, the buy and burn process starts at 1700 UTC - 1 hour after the supply is capped.

  • Intervals are publicly callable every 7.5 minutes throughout the day.

  • 7.5 minutes equals 192 intervals in 24 hours.

  • For example, if 2.8% is split into 192 parts, the value for each interval is calculated accordingly.

  • If an interval is missed, it accumulates to the next interval. For example, if a 7.5- minute interval for a buy and burn is $500 and it is not called, the next interval will be $1000. When called, the following interval returns to $500.

  • Any unused Buy & Burn value for that period will roll over into the following week.

"Burning old things and turning them into gold is my passion"