Tacen is one of the first open-source contributors on the TXA Project and intends to use the TXA Decentralized Settlement Layer for exchanges and Tacens hDEX gonna be the first to use their technology. The entirety of the TXA Ecosystem will be transparent, open-source, and easily auditable by anyone. Openly broadcasting trades to SDOs ensures that the platform will be very easy to audit and prove that all orders are being handled in a fair and determined process.

Tacen helps projects to launch tokens, you will have your own dashboard with allocations, KYC, AML and other stuff and you will also have your unique Tacen Exchange (hDEX).

In our vision, we will expand to encompass supporting many exchange platforms and take on a life of its own, which we fully intend to support from the start.

TXA Token & Governance

The TXA token is the ecosystem utility token for our Decentralized Settlement Layer. It may be used as a fee replacement on exchanges that use the TXA Settlement Layer or used to stake to fulfill one of the qualifiers for operating a Settlement Data Oracle and participating in the network governance. This is a crucial point of interest. Holders of the TXA token in the community will have the opportunity of providing decentralized settlement services to exchanges built on our Decentralized Settlement Layer and will be able to charge a fee for doing so.

It is key to note that Tacen does NOT have a token. TXA is not Tacen’s token and it does not represent any kind of stake in Tacen. The token’s utility is entirely within the TXA Decentralized Settlement Layer and can be utilized on exchanges that are leveraging it for settlement services.

Tacen is a software company that has participated in the construction and design of a decentralized ecosystem, which utilizes our token. Tacen’s traditional organization means that ownership in Tacen is expressed through equity and stock rather than a token. TXA does not represent any kind of stake in Tacen, much the way that a token used within a decentralized ecosystem or blockchain built by Google or Microsoft would not represent an ownership stake in either of those companies.

TXA Ecosystem Governance

As our Ecosystem grows to support many more exchanges in addition to Tacen’s future flagship exchange, it will facilitate the settlement of many more digital assets such as NFTs and become much more global in nature. As it expands a decentralized governance is necessary to ensure that the incentive structure and voting systems are maintained.

The TXA Governance system — made up of TXA holders — will work closely with the TXA Foundation to fund and develop the TXA Ecosystem, and as time passes we will see Tacen take a smaller role in the open-source technology contributions. At TXA we believe that it is possible to build a global, fast, hybrid decentralized (hDEX) exchange network that is fully run by the users and truer to the goals of blockchain and Web 3.0.