TACXE: a Blockchain Based Token Listing and Exchange Platform

Samuel Colak¹ and Martijn J. Hoogeveen^2,3

1. Ledgable
2. Department Management Sciences & Technology, Open University, the Netherlands
3. Icecat Research

Cite as: Colak, S. & Hoogeveen, M.J. TACXE: a Blockchain Based Token Listing and Exchange Platform. Icecat Research Journal, January 2018. irj-10012018-01. doi: 10.5281/zenodo.7977281

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Abstract

There is a need for a distributed exchange platform for crypto coins or tokens that satisfies the requirements of a formalizing regulatory environment, and the technical needs for a very secure and high-speed high-volume transactional platform. TACXE (Token and Coin Exchange) is designed to meet these needs and requirements, and is being developed as a mechanism to enable Initial Coin Offering (ICO) tokens to be issued, listed, purchased and sold. Although TACXE has initially a centralized character, it’s protocols enable a decentralized set-up. The distributed service, which is using the operational Ledgable blockchain cloud infrastructure, also enables businesses to offer “spending” processes though their own websites utilizing the TACXE infrastructure. Effectively offering businesses a way to translate ICO into pre-pay or pre-purchase of services. The use case of the TACXE coin is related to costs and benefits of running an exchange platform. At its launch it’s envisioned that TACXE will be used for tokens that are designed as commodities or utility tokens, not as financial instruments or securities in their respective countries.

Keywords

Tokenization, system security, blockchain, initial coin offering

Highlights

• There is a need for a high-speed, high-volume token exchange
• TACXE is designed to meet professional tokenization needs
• Its architecture supports both centralized and decentralized setups