TXA Network Development Update: June 2023
We're thrilled to announce the initiation of a Bug Bounty Program on Immunefi. This innovative step is geared towards strengthening the security of our network. We're inviting all community members to participate, and in return, contributors will be rewarded for their efforts. It's a win-win situation - we get to further fortify the TXA Network, and you, our community, get paid for helping us achieve that goal!
Moving on to Tacen Swap, we're in the final stages of adding staking functionality. This feature will allow you to stake your stablecoins and TXA tokens to provide collateral for the settlement of trades. As a staking participant, you'll have the opportunity to earn a portion of the trading fees. We're planning to launch this functionality in late August, so keep your eyes peeled!
As for our development team, they are tirelessly working on two key enhancements - asset management based on geolocation and performance improvements. The geolocation feature is designed to navigate the complex world of asset regulations, allowing us to enable or ban specific assets depending on their legal status in various jurisdictions. For example, an asset banned in the USA can still be available for trading worldwide.
The second enhancement focuses on achieving trade matching and order book speeds comparable to established financial marketplaces such as the NASDAQ. Our team is fully committed to providing you with a top-tier, high-speed trading experience upon launch.
Our community is at the heart of everything we do at TXA Network. Your participation, feedback, and support are essential to our collective growth and success. Together, we are pioneering the future of decentralized finance.
Stay tuned for more updates, and as always, thank you for your continued support!