TriumphX(TRIX), Feature

TriumphX
3 min readDec 13, 2023

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The Digital Collectibles, ENFTEE

The ENFTEE platform developed based on Klaytn has a marketplace function for NFT purchase and a wallet function for NFT asset management.

Since it provides a simple UX environment, from owning and putting the NFTs of interest in your wallet, the ENFTEE platform was developed to allow users to easily embrace the concept of NFTs.

Dynamic NFT, Metadata Mapping

TriumphX’s sports NFT cards not only contain highlights and profile pictures of famous players, but also display map metadata including player histories.

TriumphX signed a technical contract with Chainink to implement dynamic NFT.

Connect smart contracts to blockchain, off-chain data in a secure and reliable way.

Sole-X : TRIX Staking

All Sole-X users can stake TRIX tokens already deposited in SoleX. The staked tokens are used to operate the blockchain network, and users are rewarded in return.

There is a 5% transaction fee per transaction for all transactions made on the Sole-X Marketplace, all of these fees are accumulated in real time.

Utility of token

  1. As a currency for P2P transaction on the decentralised exchange (trading of items)

2. To pay for transaction fees (discounted fees using TRIX)

3. Staking by game companies to enter into the TriumphX ecosystem for a share of profits made from the transactions occurring on TriumphX marketplace

4. Staking by Sole-X users who wishes to trade NFTs on the cross-chain NFT marketplace

5. Governance — signalling and voting for changes to the TriumphX blockchain Sole-X: TRIX Staking All Sole-X users can stake TRIX tokens already deposited in Sole-X.

Staking refers to the act of “locking” the cryptocurrencies (coins / tokens) in the blockchain network.

These actions are utilized for the operation of the blockchain network, and users are rewarded in return.

Sole-X has similar staking structure. A 5% transaction fee is incurred per transaction for all that occurred on the Sole-X marketplace, and all such fees are accumulated in real-time.

The cumulated fee is rewarded in different cryptocurrencies and in proportion to the staked amount.

Rewards are distributed in total of 4 different types of cryptocurrencies: Ethereum (ETH), Tether (USDT), TriumphX (TRIX), and Klaytn (KLAY).

For example, if user A stakes 500 TRIX tokens and user B stakes 1,000 TRIX tokens, user B receives more reward tokens.

Furthermore, if the cryptocurrencies used for the transaction are Ethereum and Tether, the user can only claim staking rewards for Ethereum and Tether.

For example, if ETH is used for 10 transactions, only ETH will be rewarded as the staking reward (USDT, TRIX, and KLAY not applicable).

If TRIX is used for 10 transactions, only TRIX will be rewarded as the staking reward (ETH, USDT, and KLAY not applicable).

If both USDT and KLAY are used for 10 transactions, USDT and KLAY will be rewarded as the staking reward (ETH and TRIX not applicable).

Users can claim rewards once an hour and batch claim for all 4 cryptocurrencies with one click (claiming individual cryptocurrency is not possible).

After completion of the claim, the amount of the Unclaimed Rewards will be reset to 0, whereas the Earned Rewards to date will continue to increase by the amount claimed.

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TriumphX
TriumphX

Written by TriumphX

TriumphX; a decentralised peer-to-peer (P2P) exchange trading platform designed and built by gamers, for gamers.

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