Tachyon (TYX) is an ERC-20 token intended to be Ethereum’s complement. TYX aims to be the most accessible token for instant transfers.With the Ethereum network rapidly growing, Tachyon hopes to be the light-fuel for the future’s informal digital economy.
Tachyons might be a theoretical impossibility or an exciting prospect. Based off the Greek word ‘tachys’ meaning ‘swift,’ tachyons are hypothesized particles faster than the Speed-of light.
This may seem impossible according to our current understanding of the natural world. To travel at speeds equal to light, one needs a mass of zero. This means that to travel faster-than-light, the particle would need to have a negative mass.
Is such a concept possible to conceive? For now, tachyonic particles serve more as a placeholder for imaginary concepts within astrophysics, similar to how the variable i denotes an imaginary number in mathematics (as is the case when, for example, one tries to factor the square root of a negative number).
Science-fiction has often referenced tachyons to send messages, payments, and digital media in an instant: TYX will be its crypto-embodiment.
ETHEREUM VS TACHYON
If there exists no currency-like token to fill this role on the ETH network, Ethereum will then take the impromptu role as currency for an entire network of smart contracts, payments, and decentralized applications to its detriment. Ethereum’s inability tofunction as a currency is evident by its explosive transaction fee increases during price spikes and panics. Ether is to be treated as ‘crypto-fuel’, a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.
There is also the problem of Ethereum’s lack of a set block limit. Although ETH is being created at a steady rate, its current high inflation rate (14.75% for 2017) makes it unsuitable as a currency.
We envision Tachyon (TYX), with its fitting name, as Ethereum’s complement for tipping and small transfers of value — built as a second layer on top of Ethereum, Tachyon is positioning itself to be one of
most accessible token-based payment rails on the Ethereum network.
However, it is also our estimation that Tachyon’s early position in this market, and given that Ethereum is still so young, means that Tachyon is entering the Ethereum space at a time when the currency-like functions within Ethereum are not yet fleshed out. Tachyon thus can be the solution to Ethereum’s currency question.
What’s most exciting about Tachyon are the many use-cases, plugins, and interfaces which will be built
on top of it. Tachyon is approaching the cryptocurrency industry by making itself the most consumer friendly token. Above all else, this is why TYX will someday be the go-to currency for our online
marketplace.
Tachyon aims to be one of the leading ETH-based payment forms — with a platform that will easily be
plugged into existing web pages, Tachyon will be ‘Ethereum’s little brother’ and currency complement.
TACHYON LONG TERM VISION
✓ Tachyon Network running as a second layer atop Ethereum
✓ Accessible payment rail for micro-transactions with merchant support, including TYX-for-fiat
✓ Instant TYX-to-ETH conversions (or vice versa) in one’s own Tachyon Wallet
✓ Anonymous transaction functionality
✓ Wide array of site plugins for easy TYX tipping
✓ TYX-based platform for micro-tasks & TYX faucet
✓ Vibrant, engaging dev community
✓ Strong brand recognition
FEATURES OF TACHYON
Tachyon (TYX) is an ERC-20 token built for the Ethereum network created to facilitate tipping and micro transactions. An ERC-20 token standard allows for the transfer of value between two parties on the Ethereum network. What sets Tachyon apart from other projects is that it is exclusively a digital currency with an improved strategy of adoption.
- Accessibility: TYX aims to be the de facto tipping and micro-transactional token on the Ethereum
network. As such, it strives to not only be in as many wallets as possible, but being a currency, it must also be on as many exchanges as possible to ensure liquidity. - Fair Distribution Token Parameter: The wide spread of our token distribution means that our distribution will be fairly placed in as many hands as possible to maximize its use-case. A parameter is built with the ERC-20 standard to integrate the non-ICO distribution model with Tachyon.
- Fungibility: The fungibility of Tachyon is one of our highest priorities so that it can exist as a usable
currency. Near-instant conversions to ETH and fiat, ample exchange listings, payment plugins, and a sleek light wallet for transfers are all on the long-term agenda for the Tachyon project. - Tested Code: In April of 2018, a BatchOverflow Exploit was found on many Ethereum tokens which
caused some exchanges to temporarily halt all ERC-20 token deposits. The exploit allowed individuals
to mint additional tokens which effectively ruined the supply. Although this exploit was fixed, Tachyon
will make sure that, unlike some crypto projects, the code for TYX is bug-proof and rigorously tested
come TestNet. The code is also light to ensure the fastest transaction speeds on ETH. - Integration: Tachyon’s goal is to be an umbrella cryptocurrency for a host of tipping widgets and
payment processors that can be easily integrated into existing sites, chatrooms, forums, and small marketplaces. - Memorable: Let’s face it, a tipping token that rests on use-case and social media exposure must have a memorable name and brand. Tachyon has both of these working to its benefit.
- The Tachyon Network: Starting as an ERC-20 token, Tachyon will migrate to its own MainNet blockchain network in 2019/2020.
** THE TACHYON ECONOMY**
Tachyon (TYX) is a currently an ERC-20 token built on Ethereum.
- Circulating supply is 299,792,459 TYX which is one more than 299,792,458 m/s, the speed of light in a vacuum.
- No inflation or coin burn. All coins have been minted immediately at creation.
- Divisible by 18 places.
TYX’s function is best served as a token for tipping and micro-payments. With the Casper update planned for Ethereum, sending TYX will soon be cheaper and faster to send preceding the release of Tachyon’s own MainNet.
**THE DISTRIBUTION MODE **
One of the overall goals of Tachyon is accessibility. Tachyon will be a network of payment solutions,easily integrated into existing sites, forums, chatrooms, marketplaces, and other online infrastructure. One of the major decisions during the Tachyon project’s initial draft was to have a host of campaign based distributions instead of an initial coin offering (ICO).
A large number of ICOs held on Ethereum in the past year have been found to be scams or money-grabs, as high as 80% were proven scams in 2017 alone. To make matters worse, most ICOs have failed to materialize on their promises. Thus, we are averting the pitfalls of the ICO model by instead distributing TYX via a different model. Rather than having you buy TYX from us with ETH or BTC during an initial coin offering, TYX will instead be distributed to your Ethereum wallet through our many campaigns, aimed at maximizing its reach. At the time of writing this, the first complimentary early-bird Tachyon airdrop was completed on September 28th, 2018. Our successive distribution campaigns will involve tasks, promotions, bounties, and whatever else we here at Tachyon team have cooking up to get TYX in the most wallets and maximize its visibility.
We plan to carry out the Tachyon (TYX) distribution as follows: - A total of 60% of the entire circulating supply (299,792,459 TYX) will be distributed in a series of campaigns, tasks, promotions, bountie sand others.
- 5% of the total circulating supply will be kept for liquidity on exchanges.
- 15% of the total circulating supply will be kept as a crowdfunding effort for devs, marketing, and MainNet launch. This will allow us to reward the development community for any new creations towards TYX accessibility.
- The remaining 20% of TYX tokens will be locked by the Tachyon team.
The valuation of TYX will be determined by the forces of supply and demand in the cryptocurrency market, not by holding ICO.
ROADMAP
Q3 2018 —Begin Phase I - Genesis block! Mint 299,792,459 TYX.
- Conduct preliminary airdrop to those interested early * Establish all social media channels and their design.
- Be listed for early trading on decentralized exchanges.
Q4 2018 - Completion of all Tachyon distribution campaigns until 60% of the total supply is circulating.
- Coordinate community rewards and events.
- Prototypes for Tachyon plugins and interface(s) for tipping to be released.
- Continue exchange listings beyond DEXs
- Begin development of light desktop wallet for both ETH and TYX.
- Establish the community-led Tachyon Developers’ Initiative.
Q1 2019 - Deploy Tachyon wallet for desktop (MacOS and Windows)
- Deploy the first Tachyon web plugins.
- Publish expanded technical paper on Tachyon’s MainNet
Q2 – Q3 2019 - Deploy light mobile wallet (iOS and Android).
- Add anonymous functionality to Tachyon wallet.
- Release the Tachyon Micro-tasking Platform.
- Release Tachyon TestNet 1.0!
After Q3 2019, Onwards —Begin Phase II - Tachyon MainNet release!
- Publish roadmap for Phase II of Tachyon’s development.
THE TEAM
TYX was created by two university students who have been involved in the cryptocurrency space since 2015. The token’s name comes from a discussion on physics and tachyons that unexpectedly morphed into a conversation on cryptocurrencies.
“Tachyon” was thereafter chosen as the name of the tokenized concept. Now, this same concept is quickly becoming a reality. Tachyon, from such chaotic beginnings, has come to order as a real token.
For more information :
Website: https://tachyontoken.com
Whitepaper https://tachyontoken.com/tachyon-whitepaper/
Published by Samken
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2024364
