Tichex is a decentralised financial
platform built on Tendermint and Cosmos SDK
and designed to meet EU's KYC and AML requirements
How it works
On the Tichex blockchain it will be possible to create different types of tokens (similar to erc20). The native coin will be TCX, it will be used to pay gas, for staking, fees and many other things. The other token will be THEUR (stable coin pegged to EUR). The blockchain is based on the Bizantine Fault Tolerance consensus algorithm (consent 2/3 of the network), with DPoS Stacking algorithm.
The platform works thanks to asynchronous processors that analyze blockchain transactions and communicate to an internal exchange system through private channels, avoiding any impact on provision of services to customers.
Send any coin to any wallet. A simple and intuitive interface ensures an experience of smooth and comfortable navigation.
Create your own token in just a few seconds. In Tichex, it is possible to issue your own token in seconds and immediately use the exchange module integrated in our Blockchain.
Launch your crowdsale in just few seconds, directly through our dApp. We offer possibility to raise funds with any token. You can immediately liquidate the raised amount in EUR. You can receive payments in Euro or in any other token present on our blockchain
Problem vs Solution
The project idea stems from the widespread need to admit highly
innovative projects based on blockchain technology in the world of
banking services, which today face multiple difficulties in monetizing
important amounts of investments expressed in crypto currencies.
The problem, strongly felt, given the acceleration of many European countries, including Malta towards a clear regulation, until now has been approached with the search for a purely technological solution, without taking into due consideration the normative literature that, today, regulates cash flows between investors and companies or more simply between suppliers and customers.
Hence the idea of creating, following the canons of the world of banking services, a system that could connect demand and supply. A complete identification system (Full KYC), according to the AML 5 directive, carried out directly by the electronic money institute [email protected] plc, already a reference point in the world of payments and electronic money management of important commercial and institutional entities, allows companies that pass the selection for admission to the platform to receive, on their IBAN, the proceeds from the sale of the tokens present in the blockchain.
In Tichex the funds are protected by the MFSA (Malta Financial Services Authority), in the European Central Bank.
To make the blockchain work, there must be few types of engines.
They have a very important role, they are responsible for our blockchain. In order to be as decentralized as possible, in an initial phase Tichex will have 100 validators, then the number will be extended to 500. The Validators have the role of proposing the blocks with the transactions, they are chosen based on their voting power (ie the number of TCX in Stacking / the total of TCX in Stacking). The block creation time will be about 5 seconds, with each new block created [X] TCX, this reward will be sent every 12 blocks (about one minute) and will be divided to all the Validators, based on their voting power.
"Companies" means the business engine, or anything that transacts. Imagine an e-commerce, on our blockchain can issue a token and decide whether to do it Fiat pegged, liquidity pegged (ie pegged to other liquidty tokens within Tichex, including the native one) or a standard token ie no pegged. Subsequently, through a special plugin, it can accept payments on its site through its token or through other internal Tichex tokens and have immediate Crypto or Fiat liquidity. In many cases, even Fiat Providers can start offering this new services to their business customers.
Users, on the other hand, can make transactions, create tokens, exchange them on our native Exchange, do IEO in a decentralized manner and also have immediate liquidity. Another example is another institution that joins the circuit and extends the service to its customers, so the user will generate tokens from his account. Liquidity tokens, having immediate liquidity, can be exchanged immediately without having to enter the order in Exchange.
Emergence and design of the idea
built our team
legal issues setting
start prototype development of the alpha version and crypto wallet v1
negotiations on partnerships
White Paper draft
New development resources joined the team
Presenting Tichex in the European Tour
Met Cosmos SDK Team
Crypto Wallet beta version release
New partnerships and new marketplace support
Wallet stable-version release
Platform integration to electronic marketplaces
People who have contributed enormously to our Company.