A project called Tixl Finance has come into my attention.
Brief Overview
Tixl Finance has built the Autobahn Network, a distinct network envisioned to be fast and with cheap transaction fees. Instead of a regular blockchain, it uses a DAG. Further, the network uses a Stellar Consensus Protocol for consensus, instead of Proof of work or Proof of stake mechanism. The network is at present Centralized, but they plan to achieve decentralization after scaling up in future. The native token of the project is $TXL.
The Autobahn Network is envisioned to bridge other network assets besides handling the ones on the network itself. BTC and ERC-20 have already been integrated. $TXL will be used as fee for Bridge support. TIXL has its own wallet as well. Dapps and smart contracts that are interoperable can be built on top of the Autobahn network.
The Tokenomics
Max supply of TXL is 900 Million. After the token burns, it is 600 Million. The current circulating supply as listed in Coingecko is 65 Million.
The most prominent markets for TXL are Pancakeswap, Uniswap and Bilaxy.
Charts
Looking at the charts, the token was trading around 5 cents till December 2020. In the recent Bull market, the price rose more than 1000% to $0.60. After the crash in May 2021, it looks like having made a Bottom at $0.13, much higher than the previous lows. Its current price is $0.195
Conclusion
The project is one in development. Cross-chain liquidity pools are still under development, as well as linking with networks like BSC. They are also planning the launch of Payment solutions, METAMASK Integration. If the team succeeds in garnering a wide adoption for the project, it would be music to the ears of $TXL hodlers.
