PLSX & PLS Distribution
The Buy and Burn
Phase 1
The Buy and Burn Smart Contract uses 64% of both PLSX and PLS entering the protocol via Creating and Staking. It works by first purchasing PLSX with the available PLS, then using that PLSX to Buy and Burn UNITY.
Users can trigger this function based on a set amount and interval, with the set amount being defined by the contract owner. The intervals are fixed, occurring every 5-10 minutes, and if a call is missed, the uncalled amount is carried over to the next interval, accumulating until triggered.
Phase 2
The Buy and Burn Smart Contract takes in 84% of both the PLSX and PLS that enters the protocol through Creating and Staking.
The Buy and Burn routing and all functionality are identical to Phase 1.
The Fractal
The Fractal stores 28% of both PLSX and PLS allocated for the Buy and Burn. Every 110 days, the stored funds are released into the Buy and Burn for use. After release, the Fractal resumes storing incoming PLSX and PLS until the next 110-day cycle ends.
The Buy and Build
Phase 1
This Smart Contract receives 28% of all PLSX and PLS from Creating and Staking. At each set interval (every 5-10 minutes), this contract is split equally into 2 functions: First, it uses 50% of the call amount to buy UNITY from the main liquidity pool, pairing it with the remaining 50% in PLSX. If a call is missed, the uncalled amount accumulates and is added to the next interval. The call amounts are set by the contract owner.
Phase 2
The Buy and Build receives 8% of all PLSX and PLS received from Creating and Staking. Details are identical to Phase 1.
Liquidity Pools
The first $40k in the system is paired with one-time minted UNITY in a full range PulseX V2 Liquidity pool. This will be done via smart contract.
PLSX Buy and Burn
4.31% of all PLS received through Creating or Staking is used to Buy and Burn PLSX, contributing to its deflationary nature. Additionally, 4.31% of the PLSX received is burnt immediately.
Genesis
Genesis is an address which receives 3.69% of all PLS & PLSX that enters the UNITY system from both Creating and Staking. You should have no expectations of this address. It does not receive any UNITY for any reason.
Last updated