TEXAN positions itself as the 1st crypto endowment smart contract, leveraging a model similar to traditional endowments, where stakers receive a base interest rate of 5% annually. One unique feature is its scraping function, which allows users to withdraw staking rewards, without ending their principal stake.
Built on both Ethereum & PulseChain, TEXAN is an ERC/PRC20 token, with a fixed total supply of 100 trillion. The contract also has no admin keys, enhancing decentralization & security.
Staking TEXAN enables users to lock their principal for variable periods. Longer staking periods yield higher rewards, with an annual maximum interest of 87% for stakes lasting up to 22 years. Early principal end stakes incur penalties, contributing to a deflationary environment as penalties are permanently burned.
The token also has a donation phase, offering airdrops to supporters of the Texas Nationalist Movement (TNM), a 501c4 nonprofit organization. The circulating supply may be airdropped based on donations, fostering a connection between the token & a charitable cause.
TEXAN introduces innovative features to traditional staking mechanics, by introducing the scraping function & deflationary principles. The connection with a nonprofit organization also adds a socially responsible element. However, potential investors should carefully assess the risks associated with staking, penalties, & the deflationary model. Show Less
