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Texan.CC

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TokenEndowment Token
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PHL SCORE

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82

Jul'22

Founded

Reputation

Audited by Certik. Contract & frontend work on testnet. Supply goes to TexitNow.org (registered 501c4 non-profit), its donors & the team; 1/3 each. Questionable main value proposition of TexitNow members "using the token". The PHL team advises users to use HEX.COM for price appreciation / staking instead.

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About $TEXAN

Blockchain technology has enabled a breakthrough way to strengthen nonprofit causes. The Texan Token is a project which represents the tokenization of a community of like-minded individuals across the world who believe in Life, Liberty, Freedom, Sovereignty, and Self-Determination. It is in this spirit and in support of these values that we created the world's first crypto-based endowment token. We believe wholeheartedly that the blockchain has the potential to create a new paradigm in value creation for existing communities. We've created the Texan Token smart contract as a financial tool for self-determined people from across the world to unite and secure their future. In the traditional financial system, endowments are structures managed by nonprofit charitable organizations. Thousands of organizations worldwide use endowments to secure their future with sound investments. Endowments by design are meant to create sustainability for an organization's mission and operations. The Texan Token contract is designed to mimic the functions of a traditional endowment in a smart contract on the blockchain. When you stake your TEXAN Tokens (by locking them in the endowment contract), the contract rewards you with interest/yield which the smart contract is programmed to execute. The base rate is 5% annually but can reach a maximum annual average of 87%, if staked for the maximum of 22 years. Interest/yield is paid in Texan Tokens through your sole interaction with the Texan smart contract. TEXAN is true defi. The Texan contract is immutable; there are no admin keys, it's just you and the contract.

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