Txbit Token (TXBIT)

On the 23rd of November 2021, we have launched Txbit Token, the native token of Txbit Exchange, and we have welcomed a lot of new crypto lovers in our Telegram Group and on our exchange. Time for a quick update and a warm welcome message to our new and valuable community members!
What is the story behind Txbit Exchange?
Txbit Exchange was launched in January 2018 by a group of crypto enthusiasts and is a ‘traditional’ centralized exchange with a variety of assets like Bitcoin, Ethereum, and USDT. At the time of writing, there are 67 assets listed on Txbit Exchange, serving 421 markets altogether.
Are you new to our exchange? Even for the diehard crypto trader, we recommend you to read our Txbit Academy articles and guidelines, such as our safety tips and responsible trading guideline.
Where can you buy and sell Txbit Token?
Currently, Txbit Token is listed on Txbit Exchange, Pancakeswap, 1Inch Exchange, and other decentralized exchanges.
Today at 9 pm UTC, Txbit Token will be listed on Azbit! It will be our second listing on a centralized exchange, but most certainly not the last.
A non-exclusive list of our listings would be:
Txbit Exchange → Trade (CEX)
PancakeSwap → Swap (DEX)
1Inch → Swap (DEX)
Azbit → Trade (CEX)
What is the supply, and what will happen with it?
The total supply of Txbit Token is limited to 2,000,000,000 (2 billion) tokens, with an outstanding burn schedule. The current circulating supply is around 52M Txbit Tokens (=2.6% of the current total supply)
We got many questions from our dear community members about the current state of the liquidity, which is unlocked. Txbit Token is the native token of Txbit Exchange, a centralized product, so things will be working slightly differently from what you might be used to compared to other token projects. Please read below why it is different and what are we going to do in the future:
First of all, we have the burn program, where we burn 50% of the supply over five years, totaling 1,000,000,000 (1 billion). So eventually, the total supply will be reduced and limited to 1,000,000,000 (1 billion). Locking up liquidity in timelock contracts will prevent us from executing our burn program.
Please note that this article gives an estimated distribution based on the current market conditions. The market conditions can differ when releasing our features, and we will adjust the numbers below accordingly. In other words, prices go up and down by the minute, and we will adapt the amounts based on the market prices on release dates.