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Deposit TitanX

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Last updated 5 months ago

Depositing TitanX into the TerraX In-Game Wallet

Players can easily integrate their TitanX holdings into the TerraX ecosystem by depositing TitanX tokens into their in-game wallet. This process enables convenient access to game features, providing a nearly gas-free experience for in-game activities while supporting the deflationary mechanics of TitanX. Here’s how it works:

  1. Deposit Mechanism: Users deposit TitanX tokens from their external wallet to their TerraX in-game wallet via an on-chain transaction, which incurs a standard gas fee. To encourage a sustainable ecosystem, TerraX applies a 6% entry fee on all deposits other than TitanX WHICH IS FEE FREE ON DEPOSITS, which contributes to platform development and rewards distribution.

  2. Gas-Free Transactions within the Game: Once the TitanX tokens are in the in-game wallet, players can engage in various game-related activities without incurring further gas fees. This gas-free environment allows players to:

    • Trade items on the TerraX marketplace

    • Buy and sell tools, ingots, weapons, and other items

    By conducting all these transactions off-chain within the game, players avoid additional gas costs, making it convenient and cost-effective to participate in the TitanX economy.

  3. Withdrawing TitanX to an External Wallet: Players can withdraw their TitanX back to their external wallet upon issuing a withdrawal request to us, withdrawals are processed every Sunday to users. Since we send the funds to your wallet we cover the withdrawal gas fees, TerraX applies an additional 5% withdrawal fee. This fee helps maintain the platform’s sustainability, supporting ongoing development. Additionally, 2% out of the 5% withdraw fee amount is burned, permanently reducing the token supply to support TitanX's long-term deflationary strategy.

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