No pre-mined coins means everyone starts on a level playing field. Mining is permissioned for Texas.
An inflation-crushing block is mined every 3 minutes with coins to compensate miners for securing transactions.
Lightning fast transactions are processed every 3 minutes. Easy tech enhancements are rapid to code and deploy.
TXC is a blockchain designed to function for a century of growth. Future generations of Texans will benefit.
TEXITcoin is a Texas-focused digital currency developed to empower individuals and businesses in and around Texas by providing a decentralized, secure, and value-driven method to pay for goods and services. As digital currencies gain traction globally, TEXITcoin positions itself as a unique solution tailored to the economic and cultural identity of Texas, promoting financial independence and local economic growth.
The current financial system - both traditional and digital - often fails to meet the specific needs of regional economies, particularly in areas with a strong sense of identity and independence, like Texas. Most currencies fail to address the nuances of local economies, leaving a gap in the market for a currency that truly reflects the values and needs of Texans. TEXITcoin aims to fill this gap by offering a currency that aligns with the unique financial and economic landscape of Texas, providing an alternative to centralized systems that do not serve the best interests of individual Texans.
TEXITcoin leverages advanced blockchain technology to create a decentralized, transparent, and secure currency. This decentralized approach ensures that TEXITcoin operates independently of traditional financial institutions, giving users full control over their assets. Key features of TEXITcoin include:
Decentralized Ledger: TEXITcoin’s blockchain ensures all transactions are recorded transparently and securely, preventing fraud and providing users with confidence in the system.
Energy-Efficient Mining: TEXITcoin utilizes an energy-efficient Scrypt consensus mechanism, reducing the environmental impact commonly associated with cryptocurrency mining. Future expansion of ASICS into households distributes mining load more evenly.
Local Integration: TEXITcoin is designed to integrate seamlessly with local businesses, making it easy for Texans to use the currency in their daily lives.
These technological innovations not only make TEXITcoin a secure and reliable currency but also position it as a tool for fostering economic independence in Texas.
TEXITcoin’s economic model is designed to promote long-term value and stability, with a focus on fair distribution and utility.
TXC Distribution: TEXITcoin is allocated exclusively through mining. This approach ensures that TXC is fairly distributed to miners based on hash power purchased or earned by miners. Participants helping grow the mine earn additional hash power through referral bonuses. No one mining pool participant can purchase in excess of 9 shares.
Utility: TEXITcoin is built for trade and commerce first, and can be used for a wide range of transactions, from everyday purchases to larger business operations. Additionally, TEXITcoin holders have the opportunity to participate in governance decisions, helping to shape the future of the network.
Economic Model: The value of TEXITcoin is driven by market demand, scarcity, and utility. As the mine grows in size, reliability and decentralization, more businesses, traders and individuals adopt TEXITcoin, and the demand and value of the currency are expected to increase.
Incentives: TEXITcoin offers various incentives for miners, including bonus mining hash power for recruiting more miners and businesses that want to accept TXC as payment for goods and services
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This tokenomics model is designed to ensure that TEXITcoin remains a valuable and stable currency for its users, with ample opportunities for growth and participation in the network.
Past Achievemants:
Launch of TEXITcoin: The first TEXITcoin block was mined in the early hours of January 26, 2024, after 12+ years of diligent research, study and reflection of the crypto industry, its deficenices, successes & struggles, and realization that Texas will need a digital currency as a foundation of its upcoming independence.
Security of the TEXITcoin Network: Following a brief offline period to code and deploy a node security update, the TXC network successfully implemented its network permission at Block 31343.
TXC Cold Storage Coin: Manufactured by Blockchain Mint, the sleek TEXITcoin copper cold storage wallet is an easy way to keep TXC safe, offline, where it can't get hacked and won't go out of business. The first TXC Cold Storage Coins are debuted in Austin at Consensus 2024.
100 Members Mining TXC: Slowly but surely, word is spreading about TEXITcoin, and Texans from all walks of life are getting off the sidelines and boarding the TXC rocketship! On June 8, 2024, TXC welcomes its 100th traveler to the journey.
TEXITcoin Available on 1st Public Exchange: After a brief network upgrade hiatus, the TXC trade pair TXC/USDT became available once again to the public on dex-trade.com on June 11, 2024.
100,000 Megahash Mining Power: Hitting a whopping 1/10th of 1% of our target mining Hash Power, the TXC network breaks the 100,000 mh/s barrier and is well on the way to huge!
Future Plans:
Mobile Wallet App: Available for both iOS and Android phones, the TXC mobile wallet will allow users to easily send, receive and recover TXC from cold storage wallets. The TXC wallet is a fork of the tried & true Blue Wallet.
TEXITcoin Pizza Day: The first commercial transaction with TXC will take place at Heirloom Pizza in Plano, Texas.
Merge Mining: The TEXITcoin network will simultaneously mine other leading Scrypt Proof-of-Work currencies to offset our electric consumption costs, allowing our mining participants to profit from mining TXC without needing to pay an electric bill. LTC, DOGE and BELLS are currently under evaluation and testing.
Custom In-Home ASICS: tentatively engineered to run at 300mh/s, our custom-designed mining hardwar will propel TXC to the status of most decentralized cryptocurrency in the world, far surpassing leading cryptos like BTC in the number of independent miners participating in the security and creation of TEXITcoin.
Technological Enhancements: Ongoing improvements to the TEXITcoin blockchain, focusing on scalability, security, and user experience.
State-Level Integration: Exploring opportunities to integrate TEXITcoin into larger state-level economic initiatives and political processes.
Texas-First Candidate Support: TEXITcoin will endeavour to use TXC as campaign donations and in-kind contributions to public officials running for office in Texas that support TEXIT.
Community Involvement: TEXITcoin’s future is shaped by its community. Holders of TEXITcoin are encouraged to participate in governance and contribute to the project’s ongoing development.
