TEXAN Token

TEXAN Token: Crypto Endowment Token for Independence and Self-Determination

What is TEXAN?

The TEXAN Token is the world's first crypto endowment smart contract. Like traditional endowments, it allows users to invest their principal and receive interest or yield. The TEXAN Token preserves principal and creates cash flows in perpetuity, enabling users to withdraw (scrape) interest earned at a base rate of 5% per year. For those looking to maximize returns, principal can be staked for up to 22 years, offering a maximum annual interest of 87%. The TEXAN Token is an immutable, deflationary, and security-audited ERC/PRC-20 token with a total supply of 100 trillion tokens and no admin keys.

Staking

The TEXAN Token contract allows holders to stake their principal for a user-determined time period. This "stake" or "lock-up period" qualifies the stakeholder to earn interest or yield on their principal stake, which is earned in TEXAN Tokens when the scrape function is called by the user.

Interest/Yield Scraping

The primary differentiator of the TEXAN Token contract is the interest scraping function, which enables stakeholders to extract value earned from their investment at any time without having to end their principal stake. Once the interest or yield is scraped, the yearly multiplier resets to day one; however, the principal stake remains unaffected.

Economic Opportunities

There are three primary economic opportunities for the TEXAN Token Staker Class:

1. Annual Base Interest Rate: 5%
2. Annual Multiplier: Rewards longer stakes (up to 22 years, 87%)
3. Market Price Appreciation

Deflationary Mechanism

Unlike inflationary tokens, the TEXAN Token begins with a fixed supply and only deflates over time. Deflation occurs through penalties incurred from emergency principal end stakes, which are burned forever.

Principal End Stake Penalties

• Under 50% of Staking Period: If a staker decides to end their stake early and has served under 50% of their staking period, they are penalized 50% of their principal and 100% of their interest earned since the last scrape.
• Over 50% of Staking Period: If a staker decides to end their stake early and has served over 50% of their staking period, the penalty is calculated based on the time served. The interest and principal collected as penalties are burned forever, creating a deflationary environment for the TEXAN Token.

Donation Phase

The circulating supply of the TEXAN Token may be airdropped at zero value to those who have donated (cash or crypto) to the 501c4 nonprofit organization, the Texas Nationalist Movement. Each USD dollar equivalent of fiat or crypto donated to the TNM will receive 10,000 loyalty points assigned at the discretion of the TNM. The TEXAN Token may be airdropped to those holding loyalty points with the TNM.

Token Allocation

• Locked Supply: 97% of all TEXAN Tokens are locked within the contract with no admin keys. This supply can only be accessed by users as staking rewards outlined in the contract. The base rate of interest is 5% annually and increases daily, pro rata.
• Airdrops and Reserves: 3% of the supply is reserved for (zero value) airdrops to donors, partners, and team members.

Conclusion

The TEXAN Token stands as a financial symbol of independence and self-determination. With its innovative endowment smart contract, deflationary mechanisms, and strategic interest/yield scraping function, the TEXAN Token offers unique opportunities for investors seeking long-term value and stability.

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