Introduction to Protocol X
Welcome to Protocol X!
Last updated
Welcome to Protocol X!
Last updated
Protocol X is a decentralized finance (DeFi) project built on the Binance Smart Chain (BSC) network. Our goal is to create a fair and transparent financial ecosystem that empowers users to take control of their own assets.
One of the key features of Protocol X is our buy and sell tax, which is set at 4% and 8% respectively. 50% of the buy tax is distributed to holders of our native token, $PTX, while the other 50% is burnt. This means that buy transactions are essentially sell-less, which helps to support the value of PTX.
Similarly, 50% of the sell tax is used to purchase PUSD, our native appreciating stablecoin. The other 50% is burnt, which helps to maintain the constant volume of PUSD and support its value. By distributing PUSD through our tax system, we ensure that it has a constant demand, which allows its price to grow over time.
To claim these rewards, users must single stake their PTX within the PTX Vault on our . This allows them to earn a share of the buy and sell tax revenues, and benefit from the growth of PUSD.
In addition to our tax system, we also offer X-Shares, our non-fungible token (NFT) project. X-Shares provide holders with bi-weekly rewards in PUSD from trading profits. This allows them to earn passive income from their NFT assets, and benefit from the success of our trading strategies.
Overall, Protocol X is a unique and innovative DeFi project that offers multiple ways for users to earn rewards and grow their assets. We invite you to join us and participate in our growing community.