# Introduction to Ouroboros

<figure><img src="https://754022034-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGBrM5XVsj4G0P2rkCSG1%2Fuploads%2FyT5owsAJS2KtSwYv2RW0%2FScreenshot%202024-02-06%20at%2017.06.32.png?alt=media&#x26;token=f4c7bc93-23aa-4946-9717-eb5c34cdb3ed" alt=""><figcaption></figcaption></figure>

*The Ouroboros Foundation* is an umbrella name for an interconnected series of smart contracts which will initially be launched on the Ethereum blockchain.  At the center of this interconnected series of contracts, sits the ***$ORX*** token, which is a limited supply ERC20 token.&#x20;

**The goals of the Ouroboros Foundation are as follows:**&#x20;

* Consume as much TitanX as possible via burning, locking, and depositing into liquidity pools.
* Work synergistically with other #BuildOnTitanX projects to retain value within the ecosystem, or encourage the entry of new capital.
* Enrich the TitanX ecosystem with additional utility and functionality over time.
* Drive value toward the $ORX token via **real-yield style fee accrual, rather than inflationary/dilutionary rewards.**
* Bolster the value proposition of TitanX itself by contributing to a flourishing ecosystem of products where staying inside the ecosystem is preferable to leaving it.
* Prevent the greatest excesses of late stage bull market optimism by ensuring all users have a way to live within the TitanX ecosystem without exploitative practices taking hold. [🧛](https://emojipedia.org/vampire)


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