BITSONIC’s Cyrpto School Part 7 — Tixl
Bitsonic’s Crypto School introduces promising overseas projects that investors may want to know about.
Part 7 begins with Tixl.
What is Tixl?
Tixl was launched in March 2019 by releasing the official website and white paper. It is an ecosystem building project for Defi based in Germany. Tixl’s DeFi ecosystem consists of the Layer 1 platform, “Autobahn Network”.
The Autobahn Network serves as the primary platform for the instant transmission and staking of all digital assets. In addition, a swap-only decentralized exchange (DEX) for Bitcoin and Ethereum-like assets, Tixl Exchange will open in the future.
Tixl’s Autobahn Network is currently in Testnet version 2.0, and Bitcoin issued through Faucet of Testnet and Testnet TXL based on Bitcoin are available for a deposit.
“Autobahn Network is a Layer 1 platform for the tokenization of assets, a DeFi platform that increases the possibility of exchanging assets, enjoys all the benefits of minimal transaction fees, high speed, and full network interoperability & privacy ”
Therefore, a dedicated SDK will be released so that not only Bitcoin but also numerous mainnet tokens can be exchanged on the Autobahn network. Besides, the launch of alphanet in December this year is scheduled after integration with the Bitcoin mainnet.
Tixl in the Defi Boom
Through a technical collaboration with Ferrum network, Tixl received feedback on various DeFi functions including staking of Ethereum-based tokens. As a result, Tixl recently published SDK Blue Paper. In the Blue Paper, most of the hot topics in the DeFi market such as Yield Farming and Liquidity Programing are covered in the SDK.
Token conversion to ERC-20
The original token symbol of Tixle was MTXLT, issued based on Binance Chain (BEP). However, BEP-based tokens had some limited functions in the DeFi ecosystem. So, on August 24th, the conversion to TXL as an ERC-20 token was announced.
Since September 10th, token conversion to a ratio of 1:1,000 (1MTXLT: 1,000TXL) has started through the Token Bridge on the Tixl website. Simultaneously, Liquidity is added to the Uniswap Pool, so TXL can be traded even if it is not a centralized exchange.
For more information, check out the Tixl community below!
