TheX Protocol Third Burn Event Announcement

Fueling the Future: TheX Protocol’s Two-Phase Token Burn Event Ignites Momentum Towards CEX and DEX Listings

TheX Protocol
2 min readNov 23, 2023

Dear Esteemed Members of TheX Protocol

We are delighted to announce a significant initiative: a two-phase Token Burn Event, marking a pivotal moment in the advancement of our project. This strategic move follows the imminent conclusion of our ICO sales and the upcoming PinkSale FairLaunch Listing, paving the way for subsequent CEX and DEX Listings. This endeavor aligns with our overarching goal of cultivating a sustainable and robust ecosystem.

  • Scheduled Time for the First Phase of the Token Burn Event: 17:30 UTC
  • Total Allocation: 166,113,475 TXP Tokens
  • Tokens to be Burned in the First Phase: 80.537.500 TXP (48% of the total allocation)
  • Remaining Tokens after Burn: 85.575.975 TXP

This meticulous Token Burn, totaling 80.537.500 TXPs, plays a critical role in priming TheX Protocol for CEX and DEX listings. It strategically addresses the preservation of liquidity privileges, reduction of token circulation, and enhancement of both the PinkSale stage and overall market valuation.

This undertaking underscores our commitment to fortify our project’s position and competitiveness in the market.

The second phase of the Token Burn Event

The second phase of the Token Burn Event is scheduled right after the conclusion of the Pinksale Fair Launch, strategically positioned just ahead of the CEX and DEX listing days. We urge you to stay tuned for further updates.

For a comprehensive understanding of Tokenomics, Allocations, and TGE/Token Burning Events, we invite you to explore our official article: https://thexprotocol.medium.com/the-x-protocol-token-economics-allocations-tge-tbe-50a0412ff738

TheX Protocol: Gateway to WEB3!

Best Regards,

TheX Protocol Management Team

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