Today we are pleased to announce that we are making it simpler to buy tokens through our website.

As you know, the Tixl Token MTXLT can already be traded on the public market via Probit and Binance DEX. Investors have also had the ability to buy larger volumes of tokens through our website, with lockup periods and volume bonuses. This was explained in detail in this Medium article.

Photo by Bench Accounting on Unsplash

Recap

The feedback on selling with lockup and volume bonuses was positive, according to our core community. However, anytime we talked to people who didn’t know about our project, it was hard to explain the mechanisms of the token sale. The following question was always asked:

How do you sell tokens for $300 on the website if your market price is $30?

Simplifying the Process

As a result, we have decided to simplify the purchase process. We will now be selling MTXLT through our website at a price level correlated with the current market price on Binance DEX. By “market price” we are referring to a reflection of the current order book as opposed to a simple 24h high, or average price. Let’s work through an example below:

Potential investor A wants to purchase MTXLT for 0.1 BTC, or equivalent in other currencies (e.g. ETH or EUR). One option would be to go through the public market placing orders on Binance DEX or Probit. The new/improved option is to buy through our website. Investor A can enter the investment amount in BTC and will receive an individual offer based on the current order book on Binance DEX. When entering the investment amount of 0.1 BTC, this amount is automatically converted internally into BNB - in this example 43.98 BNB ($1006,70).

Binance DEX MTXLT Sell Positions

Looking at an example of the current order book on Binance DEX (to the left). Starting from the bottom of the sell positions and working up, we can see that with 43.98 BNB investor A would be able to purchase 1.849 MTXLT at a price of 1.29999 BNB and 0.5 MTXLT at a price of 1.3 BNB etc. Working up the columns, investor A would be able to purchase a total of 29.82 MTXLT, resulting in an average price of $33.76.

As we still want to give an incentive to buy on the public market, we will charge a premium on top of the market price when purchasing through the website. The premium will be structured as follows:

Fees for purchasing through the Tixl Website

Purchases below $500 (or equivalent in other currencies) = 50%

Purchases between $500-$2,000 = 30%

Purchases between $2,000-$5,000 = 20%

Purchases above $5,000-$10,000 = 15%

Purchases above $10,000 = 10%

Benefits for the Tixl Organization, and the Market

By making the price on the website 10% higher than the current market price, as standard, it still makes it attractive for crypto enthusiasts to buy on the public market. By enhancing the option to purchase via the website, we are not only providing an easy method for purchasers who are inexperienced in the crypto space, but also providing an option for purchasers who want to buy in bulk. Whether buying on the public market or directly through the website, both methods help the project by either supporting the market price or by contributing additional funds for development.

Market Manipulation Risks

What happens if somebody tries to manipulate the market in such a way that they can buy cheaply on the website? First of all, the offer on the website is non-binding - if we see fraudulent activities in the order book, and website purchases based on that, we can decline those purchases. In addition, the website forces people investing more than $2,000 to complete a KYC check - which will give us another way of identifying people trying to manipulate the process. Furthermore, if somebody opens a lot of “cheap” sell positions on the market, these may be filled by other investors - so that manipulation approach turns into “losing” MTXLT.

Summary

The goal of the Tixl team remains the success of the project, and we appreciate this is ultimately related to the market price of the token. By making it easier for investors to buy MTXLT, we believe it will not only increase the market cap., but also allow the project to gain wider exposure and grow our investment community.

Thanks to our loyal, existing investors and community for your ongoing support and feedback.