The Real Passive
Income Protocol
Protocol X is a large-scale ecosystem that seeks to serve as the future of decentralized finance. Having one basic formula or business model in a protocol allows significant failure points, often relying on one avenue for growth and development.
Protocol X brings a new element to DeFi by implementing an ever developing, expanding, and growing ecosystem that all feeds back into the protocol.
How it Works
Protocol X utilizes strategic and planned variables to facilitate a protocol that constantly and positively feeds back into the ecosystem. Protocol X serves every level of DeFi investor accordingly.
Whether you simply want to buy the PTX native token, hold a revenue share NFT, or invest in our ever-appreciating stable token (PUSD). Each development is designed to further benefit the entire protocol and create an environment that promotes long-term growth and development.
Protocol Features
PTX
PTX is a deflationary & dual reward token. Once staked in The Vault holders will receive automated returns in the native PTX token & PUSD (our apppreciating stable token). Not only does this incentivize holding, it also generates appreciation for other parts of the ecosystem. Using tokenomics we will remove tokens from supply using a "true burn" method. The PTX token will be exchanged for xKeys in future to upgrade xShare NFTs.
xShare NFTs
The first genuine passive income NFTs that do not rely on new investors to continue to give a yield. Owning an xShare NFT is your direct share of the company revenue stream. The xShare pool will be distributed to NFT holders bi-weekly, simply requiring you to claim your accumulated rewards in our dapp. Will be upgradeable in the future using xKeys.
PUSD
PUSD is an appreciating stable token that is 100% backed by BUSD. 2% buy / 2% sale / 2% transfer tax. 100% of the taxes are utilized to burn the token and bolster the algorithmic price appreciation mechanics. PUSD can be earned by staking PTX tokens in the vault, holding xShare NFTs, or even purchased directly in our dapp.
xKeys
xKeys will be earned by burning PTX tokens. As the ecosystem matures xKeys will be used to upgrade xShare NFTs to the next revenue tier. They will also have other interesting uses in the future.
Tokenomics
PTX is a deflationary token with a max circulating supply of 100m tokens. Using low buy and sell fees to distribute rewards to holders based on trading volume. Tokens are removed from the circulating supply on every buy and sell.
In future there will be further incentives for holders to burn tokens and upgrade their xShare NFTs. Our tokenomics will further appreciate our rewards token PUSD, which increases in value on every buy, transfer or sale.
4% BUY TAX
2% PTX Reflect
2% BURN
8% SELL TAX
4% PUSD Reward
4% BURN
xShare NFTs
xShare NFTs offer an exclusive bi-weekly revenue share from our external trading endeavours. Rewards are sent in PUSD which can be claimed in our dapp.
50% of revenue is distributed to NFT holders
30% is compounded back into trading
10% is used to support the PTX token
10% is used to fund the treasury
Wanderer Passage
623 available in total
Equal split of 5% of Share tax
These cannot be upgraded to higher tiers.
Common Passage
5000 available in total
Cost: 1 BNB per NFT
Base level of passive income with this kind of NFT. Base proportional XShare revenue pool rate. Once you upgrade this NFT to uncommon, your current NFT will be burned.
Uncommon Passage
1500 available in total
Obtained by upgrading a Common with xKeys. Upgraded proportional xShare revenue pool rate. Tier 2 level of passive income with this kind of NFT. Your NFT will be burned once upgraded.
Rare Passage
400 available in total
Obtained by upgrading an Uncommon NFT with xKeys. Upgraded proportional xShare revenue pool rate. Tier 3 passive income NFT.
Legendary Passage
100 available in total
These are the Exclusive NFTs. Only provided for defined events. Highest proportional revenue from xShare revenue pool as possible. Bonus percentage from trading, bonus AirDrops over time. Governance tokens for voting rights (equal voice as any team member).
The Vault
Enhance your PTX tokens by staking them in The Vault.
Rewards to The Vault will not be paid via token mints or inflating supply, but with a clever use of tokenomics.
2% of every buy will reflect PTX
4% of every sale will reward PUSD
Manually depositing additional tokens to the vault will start a 7 day lock period. If holders withdraw tokens within that period they will forfeit 10% of the tokens withdrawn, which will then be distributed to other holders in the vault.
The Treasury
The Protocol X Treasury will be invested in various DeFi protocols with varying levels of risk in addition to being reinvested back directly into the Protocol X parent company in order to maintain everlasting growth of the entirety of the protocol.
Roadmap
Phase 1
Stop the inflation.
Improve contract tokenomics to provide sustainable rewards.
Begin deflationary (burn) mechanics.
Grow investment funds as much as possible (Target of Feb - March for full ability to fund all mechanics).
XShare runs as previously defined: 50% of profits to rewards / 30% compounded / 10% to token support / 10% to treasury.
Phase 2
Additional PUSD airdrop rewards for PTX holders.
Have the dApp show how many rewards given out to holders in $
Significant LP injection, strategically timed and perhaps in phases.
Major marketing push (strategically timed, particularly if the bear market is still taking swings).
Phase 3
Expanding the Protocol X Ecosystem.
Introducing gamification systems to X-Shares.
Integration of NFT Marketplace with Protocol X.
Hosting pre-sales/launches with DEX.
Development of additional farm/staking pairs on Protocol X dApp.
Exploration of Decentralised Streaming Services.
Our Team
Neal (Shiblord)
Brandon (Bran)
Jack (Crypto Kruelty)
Steven (Wox)
Jared (Sallyczar91)
Adam (Adam P)
Tim (0xClown)
Jonas (Laeborg)
Frequently Asked
Questions
Join Us Today!
Join us on our journey to provide a real passive income stream. Participate in our ecosystem by purchasing our native PTX token, swapping BNB for our ever-appreciating stable token or minting an xShare NFT.
