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Project TXA Price Chart Update [TXA]
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About Project TXA
Project TXA Overview
Project TXA is an open source initiative that provides decentralized settlement services to exchanges interested in building on its settlement layer. The Decentralized Settlement Layer offered by Project TXA serves as the base for a unique type of crypto exchange called hDEX, which stands for Hybrid-Decentralized Exchange. By combining the advantages of a centralized orderbook with decentralized settlement, the Decentralized Settlement Layer allows traders to enjoy fast transaction speeds similar to centralized exchanges (CEX) while benefiting from the privacy and security features of decentralized exchanges (DEX).
The Decentralized Settlement Layer of Project TXA is highly flexible and can be expanded by token holders through the TXA Governance Process to support any exchanges that want to use it. Through open source development, it can be integrated with an increasing number of exchanges, potentially enabling multiple exchange platforms operated by various entities. For example, Tacen (tacen.com) is currently developing the world's first hDEX and is just one of many developers expected to contribute to the expansion and growth of this innovative exchange architecture.
The Decentralized Settlement Layer of Project TXA serves as a hub for a quorum of Settlement Data Oracles (SDOs), with a minimum of 10 SDOs needed to reach a consensus on peer-to-peer obligations for finalizing settlement on matched orders. SDO operators are TXA token holders who stake their tokens and provide settlement services for trades conducted on an hDEX. These operators have the freedom to charge a settlement fee for their services per trade, further democratizing the exchange process. In essence, an SDO functions as a node within the Decentralized Settlement Layer, receiving trading data, facilitating trade settlement, and offering SDO operators a stake in the trade and settlement process.
Project TXA Utility
The TXA token functions as the utility token within the ecosystem of Project TXA's Decentralized Settlement Layer. It can be used as a fee replacement on exchanges that utilize the TXA Decentralized Settlement Layer or staked to operate a Settlement Data Oracle within the Decentralized Settlement Layer and participate in network governance. Community members holding TXA tokens have the opportunity to provide decentralized settlement services within the ecosystem to exchanges built on the Decentralized Settlement Layer and can charge fees for their services. As regulations increase, yield-generating sources in DeFi are becoming harder to find, making SDO operation a promising avenue for the community to explore new yield opportunities.
The utility of TXA is limited to the TXA Decentralized Settlement Layer and can be used on exchanges that leverage it for settlement services. To learn more about the Decentralized Settlement Layer and the TXA token, visit ( https://www.txa.app/ ).
Project TXA Token Supply
The total supply of TXA tokens is capped at 50,000,000, with an estimated initial circulating supply of 2,000,000.
Where to Buy TXA
Currently, traders can purchase TXA on KuCoin, and more exchanges will be added in the coming weeks.
# | Exchange | Pair | Price | Volume | Mkt Share | Recommend | |
---|---|---|---|---|---|---|---|
1 | MEXC Global | TXA/USDT | $0.001842 | $55,720 | 100% |