Introduction to Protocol X
Welcome to Protocol X!
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 dApp. 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.