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autobahn_network_bitcoinnist

Tixl rebrands to Autobahn Network

Bitcoinist by Bitcoinist
1 year ago
in Press releases
0

As part of Tixl growth strategy, they rebranded Tixl to Autobahn Network.

To coincide with this, a new logo and a brand new website was released.

“We wanted a new and modern identity that was aligned with our brand objectives and could communicate the core of what we stood for. The result turned out exactly as we wanted it: innovative and bold.” – Christian Eichinger Autobahn Network Co-Founder

Background

Tixl has always been the Autobahn Network. But the Autobahn Network evolved and is about to launch as a scaling solution. To strengthen the brand & maximize marketing impact, they decided to only have one brand.

The Autobahn Network

The Autobahn Network is a Layer2 Optimistic Rollup created to support and scale the BNB Smart Chain (BSC; formerly known as Binance Smart Chain) network. Using Optimism’s open source code, the Autobahn was built as a rollup designed to batch process transactions to reduce usage and cost on the BNB Smart Chain base layer. The Autobahn is designed with developers and the community in mind, to sustain a seamless user experience within the BNB ecosystem.

Autobahn Network Token (TXL)

The TXL token is the fuel for the Autobahn Network. Thereby TXL stands for “Transaction Lane“. The hard-capped TXL token benefits from all transaction fees, staking, and governance:

  • PoS Staking in Autobahn Network nodes: Node hosters will earn BNB from each transaction which happens on the Autobahn Network.
  • Autobahn Network Governance: Node hosters will be the governors of the Autobahn Network.

A side use case of TXL has been that 15% of all fees collected by the Cross-Chain Bridge are collected and used for TXL Buy-Back-and-Burns.

More details about the TXL token can be found in the GitBook.

The Road Ahead

The rebranding has rejuvenated the project and brought new energy to the team’s goal to provide fast and straightforward scaling solutions to projects on BNB to keep gas costs low, and increase the productivity and longevity of the BNB Smart Chain base layer.

Learn more about the project:

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