The Tixl project is building a high-performance network for a new era of Decentralized Finance (DeFi), payments, banking, and the internet!
What does that mean? And why is Tixl a game-changer for the crypto space?
This article is written in a way that allows crypto beginners to understand it and will explain the most important characteristics of Tixl and how you can invest in TXL (Tixl’s native token) in the easiest way possible.
Table of Contents
- Tixl explained for Non-Crypto Experts/Beginners
- Tixl covered by Experts & the Media
- The easiest way to invest in TXL (with screenshots)
- Tixl on Social Media
1. Tixl explained for Non-Crypto Experts
Cryptocurrency transactions need a blockchain network on which transactions are “executed’’ and stored. These days, there are many different and separate networks. Bitcoin has its own network with transactions that can cost more than $20 and have a very slow transaction speed. Ethereum (the second largest cryptocurrency) also has its own network — with transactions that are quicker if you are prepared to pay high transaction fees (often more than $20, which may increase to a couple of hundred dollars in busy trading times). There are also many more, so-called, layer 1 networks. At this stage, it is not possible to send a cryptocurrency (or token/coin) from one network to another without using a bridge.
Tixl has built a single high-performance “Autobahn Network’’ to perform token and data transactions between all networks instantly, with minimal cost. The goal is to have every token, and all data, on its Autobahn Network. Once a network is supported, its tokens and data can be used for anything and can interact with all tokens and data from other connected networks. In short, this means you can do everything in one place at one time, and there is no need to use “bridges” between different networks. You will be able to access cryptocurrencies instantly (which is a requirement for its everyday use) and be able to save huge amounts of money due to the minimal fees!
Once the development of the Autobahn Network is complete, any developer will be able to use its interoperable Smart Contracts (SCs) to build interoperable decentralized applications (dApps) for any kind of DeFi, banking, payment, or internet solutions.
One prominent example is what is termed a “Decentralized Exchange” (DEX) but without the limitations of existing single-network DEXs. A DEX based on the Autobahn Network benefits from fully interoperable liquidity pools and instant, minimal fee transactions.
The first product which already utilizes the Autobahn Network is the first version of the Tixl Wallet. With this Wallet, we can already demonstrate that the technology works. Inside the Tixl Wallet, you can send BTC, ETH, and ERC20 tokens back and forth instantly with fees that are currently zero (and will only grow to a maximum of just cents in the future).
It is important to appreciate that Tixl is developing an entire interoperable ecosystem from scratch — which is why Tixl is a long-term project (changing the crypto, DeFi, and internet world cannot be done over the course of a few weeks).
Tixl’s token is called “TXL’’.
More information you can find on our website.
2. Tixl covered by Experts & Newspapers
Since our launch in 2019, we’ve been covered by many renowned industry experts and media channels. Below are some highlights from different countries & respected commentators.
3. The easiest way to invest in TXL (with screenshots)
In this section, you can find an easy 3-step guide on how to invest in, and buy, the TXL Token.
3.1. Buy BUSD & BNB on your preferred exchange
The first step to buying TXL is to go to your preferred exchange which supports Binance Smart Chain’s BEP20 tokens (e.g. Binance) and buy the following 2 cryptocurrencies: BUSD (BEP20) and BNB (BEP20). The amount you want to spend on TXL is the commensurate amount you need in BUSD (BEP20). For the second currency, BNB (BEP20), you only need a small amount as this is not for investing, but simply for covering the small transaction fees when trading on PancakeSwap (described in detail below). Transactions on PancakeSwap will cost approx. $0.1-$2.0, paid in BNB (BEP20). We recommend that you buy $10-$50 worth of BNB (BEP20) to make sure you have plenty to cover the fees for buy and sell transactions.
3.2. Setup TrustWallet on your phone (or use MetaMask)
Note: This example uses TrustWallet. Advanced users can utilize MetaMask (a guide on how to set up MetaMask for Binance Smart Chain can be found here)!
3.2.1. Download the TrustWallet App to your phone.
3.2.2. Complete the registration.
IMPORTANT: Wallets do not work with your name, email address, or passwords. All you get is a public address (to receive cryptocurrencies) and a so-called “private key” or “passphrase” (usually a combination of 12, 18, or 24 words). The words you will be presented with are your “password” or the key to your cryptocurrencies in your Wallet. If you lose them (or the combination of these words), there is no chance to get access to your cryptocurrencies again. Also, if anyone else ever gains access to this passphrase, you are at risk of losing the entire amount of your cryptocurrencies that are in that wallet. The owner of those words can do whatever he/she wants with the cryptocurrencies in the wallet, anywhere on the planet, at any time.
IMPORTANT: There are many Scammers in chatrooms who will try and get you to disclose your password/phrase or connect your wallet to a scam website. NEVER do this — no matter how real their offer of help sounds. Many of these Scammers pose as the legitimate Moderators on the chats. Do not be fooled — Moderators will NEVER ask for your passphrase or to connect to a website.
3.2.3. Once the Wallet is up and running, go to the top right corner of the TrustWallet App to add the cryptocurrencies you want to show in your wallet list. In our case, search for BNB and add “BNB Smart Chain (BEP20)” to your list (there is the “standard” BNB, but you want the “Smart Chain” or BEP20). Additionally, search for BUSD and add “Binance USD (BEP20)” to your list (again, there is an alternate BUSD, but you want the BUSD for BEP20). And finally, search for TXL BEP20 (no, not TXL ERC20; it has to be BEP20). If you cannot find it, click on “Add a custom token” and insert the following:
- Network: Smart Chain
- Contract Address: 0x1FFD0b47127fdd4097E54521C9E2c7f0D66AafC5
- Name: Tixl Token
- Symbol: TXL
- Decimals: 18
3.2.4. Once your cryptocurrencies are shown in your wallet (at this stage, with a balance of $0.00), click on one of them. You will see a “Send” and a “Receive” button.
3.2.5. For all cryptocurrencies (BNB, BUSD, and TXL), you can click on “Receive” to see your personal wallet address for them. In our example, they have the same address, as they all are on Binance Smart Chain (BEP20).
IMPORTANT: NEVER send other non-Smart-Chain cryptocurrencies to the address you see! You will lose them! Always check they are BEP20.
You will see a “Copy” button. This copies your public address so you can paste it where you need it (IMPORTANT: NEVER TYPE THE ADDRESS — always use the “copy/paste” functionality. The chance of typing one character wrong is too high if you type it out — every Wallet should give you the option to “copy” when you click on “receive” on the Wallet address. If just one character is wrong in a send transaction, your cryptocurrencies will be lost, and this happens often!) If you need the address on a different device, simply “copy” the address and send it to yourself via email or messenger. Think of the Wallet address as a bank account number — no one can take funds from your account if they simply have the account number, it's the passphrase you have to keep to yourself/secret.
After having copied the “receive” address, use this address to transfer your BNB (BEP20) and BUSD (BEP20) from your preferred exchange (e.g. Binance) to your TrustWallet (or MetaMask). To do this, perform a Crypto “withdrawal” (as opposed to Fiat withdrawal) in your exchange. Next, choose BNB (BEP20) and BUSD (BEP20), separately. You will be presented a form to enter the address where you want to send/withdraw them to. Here you need to paste your BNB (BEP20) address and BUSD (BEP20) from TrustWallet (or MetaMask). At this stage, you will also need to insert the amount you want to send/withdraw, and choose a “Transfer network”. When choosing the “Transfer network”, it’s important to select the BEP20 (Binance Smart Chain) network (do not choose ERC20 or any other network!). Each transfer usually costs some fees on the blockchain.
3.3. Buy Tixl’s TXL Token
On your computer (and not your phone), go to this trade link on PancakeSwap and confirm the pop-up saying “Token Imported”.
In the top right corner of PancakeSwap, you need to click on “Connect”. The following options then pop up:
Here you click on “Wallet Connect” (do not click TrustWallet!). If you are using MetaMask, you can click on “MetaMask” instead of “Wallet Connect”. Then, open the TrustWallet App on your phone, click on “Settings” and “WalletConnect” to scan the QR code. Click “Confirm” (do not click “Cancel” on your phone after doing this — just leave this page open during your trade; you will need it again). You are now connected and ready to use your cryptocurrencies for swapping (which equals trading) BUSD against TXL.
In the upper “From” section, change to “BUSD” (not BNB!). Your TrustWallet (or MetaMask) amount of the BUSD you bought on your preferred exchange (e.g. Binance) should show up as “Balance”. At the bottom, in the “To” section, select “TXL”. Now type the amount of BUSD you want to trade for TXL. If you want to trade all of your BUSD, you can simply click on “MAX”.
Once everything is inserted, you can start the swap/trade. During the swap, you might have to confirm 2 times (one “Approve” transaction and one “Swap” transaction). The confirmations are done on your phone in the TrustWallet App (or in MetaMask). So make sure you have your cell phone (or MetaMask) open during the entire process.
The result of the swap is: The decentralized exchange takes your BUSD out of your TrustWallet (or MetaMask), exchanges them for TXL, and puts the TXL in your TrustWallet (or MetaMask).
After the trade, you can cancel the connection in your TrustWallet App (or MetaMask). Now you are done and you can see that your BUSD and BNB balance has decreased (BNB because of the minimal transaction fees that are paid in BNB) and your TXL balance has increased.
FYI: The way back works exactly the same. Just go through every step in the opposite direction.