TXS Token
Last updated
Last updated
TXS is the main token that regulates access to ChainFLEX tools when a user does not have a subscription. When users execute a TXS based transaction our smart-contract deducts the requisite TXS from the users FLEX Wallet. The amount of TXS required for a transaction will depend on the fee set for the respective collection, which can change. For example, the first WAX game supported on ChainFLEX is Farmingtales and the current fee is 1. That means that a Farmingtales HARVEST action would currently cost 1 TXS. You can view the supported projects and their respective fees below.
TXS has a maximum supply of 100,000,000. As TXS is deducted by our smart-contract to pay for user actions it is put back into the pool to be air-grabbed or purchased by users. You can calculate the amount of TXS available on the open market by subtracting the TXS balance in the flex contract from 100,000,000.
TXS can be air-grabbed, or purchased, by ChainFLEX users in accordance with our tokenomics model. In addition to the Token Issuance methods described in this document we may at times drop small amounts of TXS to users or supported project owners for things like tool testing, user refunds, or promotional events.
Withdrawals of TXS from a FLEX Wallet to a Blockchain Wallet are available to a user when usage exceeds 1000 TXS based transactions, or has a valid paid subscription. Withdrawal fee is 5%. Once TXS is in a users blockchain wallet it may be traded on Alcor Exchange, used to pay for other services where supported, or deposited back into a FLEX Wallet where it is used to pay for chainFLEX tools.
