TREX TOKEK (TXT)

The Trex Token (symbol: TXT) will be used as currency within our platform, and will therefore be used for donations, purchases. Using the Ethereum blockchain our community will be able to receive payments safely and quickly, thus eliminating the annoying problems and slowness of the fiat currencies.

Key to Success

Trex Token will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Trex Token with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. Trex aims to solve this problem once and for all.



Vision Statement 
 
Our vision is to create a new revolutionary brand linked to music streaming that is unlike any other platform. 

Keys to Success Trex Token will be the new point ofreference for the music market and will be fully developed using the technologies that the blockchain has available.  Using the blockchain affords Trex Token with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. Trex Token aims to solve this problem once and for all.  

Solution
 
Trex Token has resolved problems for the artist by permitting them to upload their songs without any need for a record label.

The artist can receive donations in TXT tokens which can be converted to cash or it can help sponsor the development of their own piece of music. Artists can also get revenues from advertising generated by their piece of music and by reselling
their own songs.  This will be enhanced by the social network created on the Trex Token platform and the loyalty of fans.

Token Informations

The Trex Token’s Token (symbol: TXT) will be used as currency within our platform, and will therefore be used for donations, purchases.  Using the Ethereum blockchain our community will be able to receive payments safely and quickly, thus eliminating the annoying problems and slowness of the fiat currencies.

Trex Token is a long term project, all our calculations have been made in order to guarantee an “uninterrupted” production flow, (all this regardless of the various market fluctuations).
Our token will be essential for:

• Making a donation 
• Purchasing a song 
• Royalty Payouts 

Token Distribution 

The token distribution will be designed to increase community benefits and provide long-term incentives.

PUBLIC SALE - 70% of the TXT tokens will go on sale. This sale will permit the development of the application and the expansion of our project. All the Tokens not sold in the Public Sale will be BURNED to guarantee the stability and maintenance of the value of our currency.

RESERVE FUND– 15% The reserve fund is necessary to guarantee “longterm” survival of the project and will be blocked for a period of 18 months. Later it will be unlocked (if necessary) in 10% monthly batches to refinance new features.

TEAM – 10% We have allocated 20% of the TXT Tokens to the Owner Founder and the Team. This fund will be blocked for a period of 6 months, at the end of the 6 months the TXT tokens will be unlocked in batches of about 2-3% per month.

ADVISOR – 3% In order to guarantee the success of our crowdfunding, we have reserved a 7% fund for our advisors and related costs.

BOUNTY – 2% The Bounty Program is born from the need to create a strong and sustainable community. In this case, all users who bring added value to Trex Token will be rewarded with TXT tokens.

Budget Allocation 
 
In order to be able to manage and exploit the funds available in the best way, Trex Token intends to use them according to a strategy and a well-studied plan. 

• 30% Product Development 

Product development according to the roadmap.

• 36% Marketing, Listing Fee, Making Partnerships 

Expenses for attracting the investors to the platform, making  partnerships with payment providers, listing fee to list ourtoken to many exchanges. 

• 12% Operations 

Operational costs, non-tech staff salaries. 

• 6% Legal 

Company establishment, development of legal opinions about the entire stack of Trex Token services, etc. 

• 16% Management 

C-level executive salaries.

Roadmap 
 
August 2018
Preparing ICO (Whitepaper, website)
 
October 2018
List TXT on some exchanges  

December 2018
Release TXT Site  

March 2019
Release TXT on iOS  

April 2019
Intergrated wallet on iOS
 
July 2019
Release Android app

November 2019
Release version 1.0 (user can use VTXT to purchase songs)


FOR MORE CLEAR INFORMATION PLEASE CLICK THE BELOW :  

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Ethereum Address:0x6E7abE1d59BF334c13B5b0426E091Da269475072