Private. Instant. Zero-fees.
Purpose
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Tixl is a new privacy coin that allows instant and zero-fee transactions.
Problem
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None of the popular cryptocurrencies allows private, instant and zero-fee transactions at the same time.
◂ But why is that a problem?◂ In a world heading more and more towards digital currencies, we must secure that the
essential properties of traditional money preserve. Nobody, neither governments or companies nor private people want the public to be able to look into their monetary transactions.
◂ All users of a digital currency wish to pay as low fees as possible, the higher the fee, the lower the potential for widespread usage.
◂ If a future currency is slow in terms of transaction speed, it’s not a future currency.
Solution
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We use the most sophisticated technologies emerged from the blockchain world of the past years.
◂ A Directed Acyclic Graph (DAG) data structure together with the Stellar Consensus Protocol (SCP) to support fast transactions.
◂ Zero-knowledge proofs with a commitment scheme to enable confidential transactions.◂ Confidential transactions because they are superior to other approaches such as coin mixing
services, CoinJoin or Mimblewimble. ◂ Quantum secure cryptosystems (NTRU + XMSS) to ensure that transactions stay private.
Why Now?
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“I believe we should consider the possibility to issue digital currency.” Christine Lagarde, Managing Director, IMF, 2018
Please ask yourself: Do you you want states or central banks to issue and control future digital currencies? ◂ We believe a monetary ledger should neither be public nor controlled by a company, state or
central bank.◂ We believe in decentralized currencies as the best solution for the monetary system of the
future. That’s why we use the best technologies emerged from the past few years of crypto assets to create a superior payment solution now.
Market Size
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◂ Privacy coins:
$3.32BSECTOR MARKET CAP
$687.95MSECTOR VOLUME (24H)
1.79%SECTOR DOMINANCE
◂ Cryptocurrencies:
$184BGLOBAL MARKET CAP
$50.59BGLOBAL VOLUME (24H)
55.3%BITCOIN DOMINANCE
Data collected on May 6, 2019
7
Competition
7
◂ Data structure Blockchain Blockchain Blockchain Blockchain Block-lattice (DAG)◂ Privacy CoinJoin Confidential TX zk-SNARKs MimbleWimble Confidential TX◂ TX speed ~15 min ~20 min ~15 min > 1 min ~ 1-5 sec◂ TX fees $0.0084 $0.0197 $0.00000432 > $0 Zero-fees◂ Market cap $1,050 M $1,130 M $385 M < $30 M n/a◂ Volume (24h) $285 M $45 M $225 M < $20 M n/a
◂ Competitive advantages◂ Dash: The implementation of CoinJoin is not very decentralized at all. If a single entity can control or spy on a portion of Dash’s master
nodes, it’s entirely possible to reverse engineer transactions to reveal origin and destination details.◂ Monero: Monero has problems regarding transaction speed, scalability, and the rather high fees.◂ Zcash: Scalability will remain a major pain point for Zcash in the near future. ◂ MimbleWimble: When MW transactions are published to the unconfirmed transaction (TX) pool, the TX inputs and outputs are still visible.
It’s possible and probably easy for anyone to keep recording all the transactions from the unconfirmed transaction pool. This data could be used to build detailed transaction graphs of the network.
Zcash Grin & BEAM
Product
88
◂ Balances are always private, encrypted and stored on unassignable stealth-chains.◂ We achieve instant and zero-fee transactions by using a DAG data-structure. ◂ We use NTRU (encryption) and XMSS (signatures) to be prepared for the advent of
quantum computers.◂ We use a consensus protocol that makes energy-wasting mining obsolete.
Private by defaulttransactions
Instanttransactions
Zero-feetransactions
Quantum resistanttransactions
Mining freetransactions
Roadmap
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January 2018 Q4 / 2020
Cryptographic concept
Tixl concept
Legal preparation
Founding Tixl gGmbH
Airdrop
Website launch www.tixl.me
Implementing the quantum secure ledger data structure
Consensus algorithm
Partnerships with Banks & Payment Providers
AmaZix Audit
Public BetaRelease Tixl Mainnet & Token-Swap
Prototype
Token sale in 5 phases (Tixl Token: MTXLT)
Business Model
1010
Since Tixl is a cryptocurrency, we don’t have a traditional business model. We as the founders of Tixl will own 5% of the total supply of our currency. If the value of our currency increases, we will profit. Our tokens are vested, thus we are interested in a long-term performance.
In short: Tixl’s business model is the same as Bitcoin’s, just without mining.
Christian EichingerManaging DirectorM.Sc. in Engineering: Software Engineering Leadership10 year programming experienceFounder elbstack GmbH (2015) & Tixl gGmbH (2019)
Sebastian GronewoldManaging DirectorM.Sc. in Engineering: Software Engineering Leadership10 year programming experienceFounder elbstack GmbH (2015) & Tixl gGmbH (2019)
Executive Leaders
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Christopher OberederChief Marketing Officer (CMO)Forbes 30 under 30 member and one of the leading growth hackers worldwideCMO of the mobile portfolio management app Coin Stats with over 600,000 active portfolios tracked worldwide
Leon SzeliChief EvangelistM.Sc. Consumer Affairs: Technology & InnovationResearcher at Stanford UniversityResearcher at University of Cambridge
Financials
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◂ Token Sale Phase 1 | Pre-Sale◂ $20 / MTXLT◂ Hard-cap: 22,500 MTXLT◂ Q2 / 2019
◂ Token Sale Phase 2 | Pre-Sale◂ $50 / MTXLT◂ Hard-cap: 45,000 MTXLT◂ Q3 / 2019
◂ Token Sale Phase 3◂ $100 / MTXLT◂ Hard-cap: 90,000 MTXLT◂ Q3-Q4 / 2019
◂ Token Sale Phases 4 and 5◂ Hard-cap: 427,500 MTXLT◂ Q1 and Q2 / 2020
◂ Total supply: 900,000 MTXLT
Fund Usage
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Phase 1 ($450,000)Q2 2019
● 50% Product Development● 30% Marketing & Community● 10% Travel & Conferences● 5% Legal● 5% Other
Phase 2 ($2,250,000)Q3 2019
● 40% Marketing & Community● 33% Product Development● 10% Security Audits● 5% Exchange Listings● 5% Travel & Conferences● 2% Legal● 5% Other
Phase 3-5Q3/Q4 2019 - Q2 2020
● 48% Marketing & Community● 33% Product Development● 5% Security Audits● 5% Exchange Listings● 2% Travel & Conferences● 2% Legal● 5% Other
◂ Tixl gGmbH (non-profit)◂ Borselstraße 20◂ 22765 Hamburg, Germany◂ Commercial Register: Hamburg◂ Registry Number: HRB 155832
◂ Contact details◂ Website: https://tixl.me ◂ Email: [email protected]
◂ Executive Summary: https://tixl.me/executive-summary ◂ Whitepaper: https://tixl.me/whitepaper