Introduction:
To learn more about Tixl and its role in the revolution of money, you can read this article: https://www.publish0x.com/cryptoanalyzer/tixl-positions-itself-within-3rd-industrial-revolution-inter-xevnql
Tixl project evolution:
One of the easiest ways to check Tixl's progress is to go to their Github repository.
Validator node: A node running the consensus and storing the transactions in the ledger. Accepts transactions.
Gateway: The gateway accepts transactions and forwards them to all known validators.
Ledger: The ledger is the sum of all transactions and implements the Tixl DAG.
Consensus: An algorithm that is used to sync and validate the state (transactions) between all participants (validators).
Explorer: A website where you can see all transactions, approved by the network.
So far, the team has already built most of the validator nodes and the ledger. The most important part is the consensus algorithm, which is already running in a satisfying way. The ledger has several features, already implemented. The explorer, https://explorer.binance.org/asset/MTXLT-286, already has a simple GUI and gets the current transactions.
As of now, the team is able to generate a transaction that conforms to our ledger defined format, send it to the validators, have it validated by the ledger, run it through the consensus and then stored in the ledger.
You can read more about the project's progress in this article: https://medium.com/tixlcurrency/prototype-development-roadmap-728d0488b452
Tixl and understanding financial macro's:
Besides all the knowledge needed to succeed in a highly volatile market such as the cryptocurrency market, it always helps to understand your macro's.
Regulatory:
To maximize their chances to succeed, Tixl started developing in a friendly environment as Germany is opening up to Bitcoin and decided not to tax individuals using cryptocurrencies as a means of payment.
Cyclical:
After the 2008 financial debacle, central banks have kept interest rates too low too long, experimenting with a procedure called quantitative easing. Just as the FED (US Federal Reserve Bank), was finally tightening the supply of money, we're clearly off to another permanent round of QE4, as the Fed and Trump will most likely work together to keep Trump's chances for reelection alive. The capitalistic system's 5 to 7 years recession must be avoided at all costs, lengthening this cycle to more than a staggering 10 years...
Printing more money will push the stockmarkets (Trump's scorecard) even higher in an environment where inflation will pick up because some of that extra money will triple down into consumer goods. Besides stocks, real estate, and precious metals, cryptocurrencies will also become much more attractive, as the world is looking for a store of value and a better form of money, likely in the shape of digital peer-to-peer currencies.
German lenders pass the pain of negative rates to their bank account customers:
German lenders have started to bash their retail customers with a nice negative rate: this will evolve in a bank run, as people rather store their EURO's at home, where they don't pay a negative rate. How silly is it to have a bank account that takes a percentage of the money you earned? This is a clear signal that our monetary system is closer to its end than we first thought.
Tixl Tokenomics
The total Tixl Token [MTXLT] supply is 900,000 MTXLT and there will never be more. The current circulating supply is 43,746 MTXLT.
Tixl Hodlers Club
The Tixl Hodlers Club is a reward program designed specifically for early investors. By early investors, Tixl means people who invested in the first two phases of its token sale, as well as people who buy on Binance DEX until the snapshot date (October 13, 2019). The Hodlers Club allows investors to stake their tokens and receive tokens as a reward.
A total of 307 people decided to Hodl and become members of the Hodlers Club, locking a total of 35771 Tixl (MTXLT).
How long do Hodlers need to hodl for their rewards?
The minimum Hodling time is 6 months. From there, there will be four further hodling stages; 12, 18, 24 and 36 months. The rewards will be based on a percentage of the tokens you hodl in your wallet(s) at the initial snapshot date. The exact percentage depends on the number of tokens you hodl and how long you stake them for. At the basic member level, starting with 10 MTXLT, the following percentages apply:
6 months = 2.5%
12 months = 5%
18 months = 10%
24 months = 12.5%
36 months = 20%
When will the Founders be allowed to sell their Tokens?
We, as the founders, are not allowed to sell our tokens until June of 2021, 24 months after Token Generation Event (TGE). Even then, they are only allowed to sell 1% of their holdings each month. Even if they do decide to sell some tokens it wouldn’t make sense to sell large amounts as that would adversely affect the market price, which would hurt them as token holders going forward.
Tixl Value Protection:
The rewards will be paid out after the corresponding 6, 12, 18, 24 or 36-month periods. The payout will be conducted in 20% portions divided over the 5 months following the milestone periods. For example, if you qualify to receive a reward of 10 MTXLT after 6 months, you would get 2 MTXLT each month over 5 months following the 6-month period. This spread will support the value of Tixl over time, creating maximum value for investors.
Important links:
Discord: https://discord.gg/mFw7X9Y
Website: https://tixl.me
Buy TIXL (MTXLT): https://tixl.me/?referralId=3!3LmRPPL