Welcome to Project X

I’m going to pull back the curtain here for a moment. If you have your camera ready, I’m about to walk across a suspiciously drafty subway grate.

We’re you. And me. And all of us. Project X is a Collective. I want to say we’ve been big fans of Node projects, but without getting too far into the weeds and gluten-free references, let’s just call it at Passive Income. We like Passive Income. Actually, scratch that, we love Passive Income, and you can tell because I just capitalized it to make it extra important. Twice.

Project X is a group of degenerate apes, interdimensional omniscients, meany-head galactic AIs, superheroes, and Patrick (he’s in charge). We’ve been watching the latest rounds of Fork Season with great interest, and,

Let. Me. Tell. You. It has been an eh-heh-hexCITING SEASON.

But.

We believe there’s a better way.

Is Project X part of Fork Season? Yes. Yes it is.

Have we done something innovative, useful, and primed for longevity? We believe we have.

Project X aims to improve upon the rigidity of each Ctrl-V running around right now with flexibility designed to promote both return and endurance. We’re going to give you a peek at a couple new things we’re doing that we believe give you and us a lot of opportunity to build some real value and avoid the restrictions many others face.

The first thing we’re going to talk about is the Smoothing Reserve.

In the absolute simplest terms, the Smoothing Reserve is a rainy-day stash. When each Node is funded, we’re setting aside a portion of our native token as well as a bit of AVAX that’s fully deployable. There are all sorts of interesting ways the Smoothing Reserve can be utilized, whether that’s propping up a particular pool, price stabilization, bonus rewards, or an extra special apeortunity that we all decide on together.

That’s … weird. Did I just slip in democratized investment direction?

And a Treasury?

Don’t get all uppity yet, these aren’t the ONLY new things we’re doing. A little birdy said something about POL, but more on that bad boy later. Don’t be greedy, y’all, I still haven’t gotten to the second thing I wanted to talk about today.

Everyone is reaaal excited about DeFi yields and a community-driven & funded Treasury that has the ability to help make everyone a splendiferous bag of wonders. So how are we accomplishing that?

Built into our Tokenomics is a volume-driven source for the Treasury bucket. As Project X is actively utilized and traded, the Treasury is fed, and that’s not because we’re taking a nebulous portion of a token pool and applying some of it to different yield sources. It’s a dedicated revenue stream.

Did I mention we’re doing this without sacrificing any potential to the Rewards Pool?

*Eye twitch*

Hold up.

You mean to tell me Project X is going to run a Fork Season with a token cycle nimble to the point of 9-to-1 that can be democratically applied, AND fund a yield-targeted Treasury without sacrificing the feed keeping Fork Season’s Rewards Pool alive?

Project X.

LFG.

Look forward to our next articles for an in-depth look at the mechanisms behind our Tokenomics and some numbers. Maybe a few charts, too.