⚠️️️ Disclaimer: This article does not contain legally binding information nor any investment advice. Due to the dynamics of the crypto market, we are not able to guarantee that phase 3 of our token sale will be successful or that the goals in this article can be achieved. The main reason for this article is to outline the structure of how we will be offering tokens in phase 3 as we appreciate this information is very important to our community.

Photo by Sharon McCutcheon on Unsplash

Intro

A lot of people from our community want to know how we will offer Tixl tokens [MTXLT] in the third phase of our token sale. With this blog post, we want to address some concerns and answer questions, following our last major status update.

What will be the Price per MTXLT in Phase 3?

⚠️ In answering this question, we are not talking about the market price but about the price we are considering offering tokens for sale. Due to the upcoming exchange listing, this will be the last time we talk about future prices in general.

We have decided to offer Tixl tokens [MTXLT] for 300 USD each (or equivalent in other currencies). As 1 MTXLT equals 1,000,000 TXLT, this results in a price of 0.0003 USD per TXLT. To find out more about the MTXLT unit, we strongly recommend checking out our whitepaper.

We are fully aware that by continuing token sales - at the same time they are tradable on a public exchange - we must be careful to avoid dumping the market price.

That leads us to the next question:

Tixl Market Cap — What could it be in Phase 3?

Since the market capitalization is a result of the circulating supply multiplied by the price per token, nobody can predict this value exactly. Nevertheless, the potential circulating supply can already be estimated. Importantly, it should be noted that only unfrozen tokens are included in the calculations. Unfrozen tokens are tokens that have not been frozen with the Binance Chain freeze command. Currently, tokens can be unfrozen at any time but during the time they are frozen, they can not be transferred or traded on the DEX.

For Tixl that means that all tokens in our main cold wallet will be frozen as well as our founders' tokens. Only the tokens sold in the token sale and distributed in bounty campaigns will be unfrozen. Currently, we estimate that this will result in approximately 45,000 unfrozen MTXLT in circulation which equals 5% of the total token supply.

There might be a small increase if we sell more tokens in the last few hours of our token sale and/or due to small-scale bounty campaigns in the future. For the purposes of the calculation, we’ll work on the basis of 5%, unless our sales suddenly increase by a large amount (and we need to rework the figures). Another factor is that not everyone who has purchased tokens has already created their Binance Chain wallet yet. This may also decrease the circulating supply by a small margin. A further decreasing factor could be that people who join the Tixl Hodlers Club freeze their tokens voluntarily to support a lower supply. With the above in mind, we will update this article or create a second article as soon as the exact numbers are available.

What if the Market Price is higher than 300 USD/1 MTXLT?

Our plan, in this case, is to sell tokens in larger amounts with lock-up periods. In this scenario, investors would have the option to purchase tokens below the market price on the proviso that they must hold their tokens for an extended period of time (months or years).

Will there be a Staking Option or Hodlers Club for Phase 3?

The Hodlers Club will be an offering to investors until the Hodlers Club qualification date only. The qualification date will expire before phase 3 starts, so buyers in phase 3 will not be eligible to join the Hodlers Club. We may consider a staking program for phase 3, however. If, and how, we implement this will depend on the project development over the coming

months.

What will the Structure of the Sales look like?

We are considering three options:

Sell through an exchange like other market participants. Sell through our website by asking the market price through APIs. Sell privately (OTC).

What Price will be displayed on Exchanges?

The price of 1 MTXLT.

What about Phases 4 and 5 of the Token Sale?

We will not announce any target price for these phases. Instead, we will look to provide monthly or quarterly reports outlining our sales to provide transparency for all investors. The same applies to the sales conducted in phase 3 - we will provide ongoing reports. The main reason for doing this is because we don’t want to be involved in any price speculation.

When will the Whitepaper be updated with the New Token Sale Structure?

As soon as possible.