Friday, December 28th. In an idyllic hotel in southern Germany, the Tokrex team and its private investors met on Friday afternoon. After a cozy warm-up on the hotel’s winter terrace, the meeting kicked off with a product presentation.
“No photos. This is a working meeting!” our investors said. At that time the Tokrex developers reported their current progress. 5.30 pm Thomas M. Mayer, the head behind Tokrex, showed a real-time cross-chain swap with Bitcoin with the pre-alpha version of Tokrex. “That’s untransferred yet, isn’t it, Thomas?” Someone asked eagerly. “Of course it was transferred”, Thomas said and continued in front of 21 astonished attendees.”We exchanged a bitcoin between five parties in about 8 seconds. I know that our pre-alpha requires an average of 1.6 seconds per transaction. Here we still have optimization potential.“ said Thomas.
Suddenly our lead investor Michael has jumped up and enthusiastically said “Still optimation potential? 1.6 seconds per completed transaction for a Bitcoin? Thomas, you’re kidding. These results are impressive. The blockchain industry is up until now years away from these results with its existing cross-chain technology! “. Fairly satisfied, he sat down again and said to all with pleasure: “We have the future in our hands. With Tokrex we trigger a big bang in the crypto market.”
From that point on, it was obvious to everyone involved that CDG technology is not only a masterpiece in theory but also that our developers will create a highly innovative system. Then Thomas sent Litecoins, Blackcoins, and Tron Coins within seconds, between his computers, explaining why the pre-alpha version, in his view, took “an eternity” to complete a transaction. “The Encrypt-and-Swap protocol is yet undeveloped, so we used a 60-node CDG swap agreement layer for this presentation,” said Thomas. “Encrypt-and-swap brings the transaction time back to the millisecond range, just as we can do with our prototypes.” he explained to an enthusiastic audience. The evening ended with a dinner and later at the hotel bar. At beer and chips, our experts and some investors discussed “coinless blockchains” and “blockchains without consensus”, while the rest of the team enjoyed being part of a major movement.
Saturday, December 29th. The day started with a trip to the mountain landscape nearby. At 2:00 pm, Lorenzo, the strategy officer of Tokrex, launched his presentation and demonstrated a precise way how Tokrex will conquer the markets. “OTC first. Leads to Liquidity. Liquidity leads to a successful Tokrex Open Market.”
This sentence essentially expresses the strategy of Tokrex for early 2019. In summary, this results in the following news:
- Tokrex is split into two products: Tokrex Darkpool and Tokrex Open Market. Both products will later be merged into one UI and are based on the similar CDG technology. The upcoming development was split because the products appeal to different market participants. The strategy ensures the successful launch of Tokrex Open Market by creating liquidity through a deep pool.
- In advance, the team has already improved the website due to much feedback from consultants and investors. The new website will briefly explain the technology, for what TOX coins are used in the Tokrex ecosystem, and why investing in Tokrex tokens and holding the tokens are lucrative. The new website will be online in the next few days.
- Note for the Bounty Program: The Bounty Program does not start until the new website and the revised whitepapers are online.
- There will be a separate brochure about Tokrex Darkpool. Tokrex Darkpool will be the first product released by the Tokrex Foundation based on CDG technology. Of course, it will be open source. Of course, it is completely decentralized.
- The official presentation of the Tokrex Alpha version is still scheduled for January. There will be an official session demonstrating the power of the technology.
- Tokrex Token TOX will be exchanged for Tokrex Coin with the launch of Tokrex. The TOX coins gain a specific meaning. Normally Tokrex CDGs, e.g. holding Bitcoins, can be exchanged for other CDGs (e.g. Ethereum). The Tokrex Coins are expected to utilize the structure of CDGs themselves. This makes it possible to trade CDGs from other cryptocurrencies directly with TOX. It is discussed to introduce various TOX based CDG coins, each hedged via stable coins. The CSP concept will be adapted and improved with the stable coin based concepts. This gives TOX the character of a lead currency for CDG trading. The topic is currently being discussed and there will be public final information.
