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About Cash Telex

Cryptocurrencies in the current state are suffering from several drawbacks and issues related to absence of stability, scalability and most importantly security. Several algorithms and techniques were recently introduced aimed at addressing those issues. Unfortunately, those attempts met with one solid drawback from cryptocurrencies giant Bitcoin price volatility. This instability of the main markets pair resulted into the almost daily market volatility. This is expected specifically, when measurements are against an unstable metric. As a result, you will always end up with volatile unstable value which is here considered as price of the currency. The main reason for this instability and extreme volatility is absence of structured backing system which is supposed to be in a form of assets. Assets backing for any currency is an important element in order to allow stable value, and preservation of capital. This paper addresses those issues and introduces a new Proof of Wealth (PoWL) to solve the above problems. We present Cash Telex Ecosystem to demonstrate the use of Proof of Wealth (PoWL) algorithm. The solution requires several components to work together in order to achieve the desired scalability, stability and a secure environment. The described solution guarantees to maximize the investors’ wealth and preserve the initial investment capital and ultimately provide a reliable payment solution.

March 2018
Building of Testnest Started. CTLX Testnet started & Cash Telex Exchange Design started.
June 2018
Initial Tests for Testnet ( Cash Telex Exchange ). CTLX Blockchain test-net with Cash Telex Exchange configured in Test-mode.
August 2018
Legal Review for Cash Telex Blockchain and Gold Mining. Establishment of legal review for CTLX and Gold mining in Africa.
November 2018
Public Production Launch ( Cash Telex Exchange). Successful production release of Cash Telex Exchange.
December 2018
CTLX Coin Public Sale. start of Cash Telex Coin public sale.
January 2018
Cash Telex Dividends Integration. Successful Integration of Cash Telex Dividends.
June 2019
Cash Telex Payments and Physical Gold Exchange. To provide a first successful launch of CTLX payment against Gold , with coordination with Gold stores in Africa & Middle East.
October 2019
Cash Telex Gold Mining. Establishment of Cash Telex Gold Mining.
February 2018
Proof of Concept (Completed). All experiment or pilot project test results are proven give the desired outcomes.
February 2019
Cash Telex Mobile Money (CTM). Cash Telex Mobile Money (CTM) to deposit fiat, buy , sell , trade CTLX directly from mobile.
Token info:
Token: CTLX
Token for sale: 4,000,000
Investment Info:
Token price currency: BTC
Token price: 1 CTLX = 0.82 USD
Soft cap: 10,000,000 USD
Hard cap: 100,000,000 USD
Widget Status
0d. 0h.
Token: CTLX
Price: 1 CTLX = 0.82 USD
Soft cap: 10,000,000 USD
Hard cap: 100,000,000 USD
MVP/Prototype: Available
Bounty: Available
Whitelist/KYC: KYC only
ICO start: 10 Dec 2018
ICO end: 31 Jul 2019
Restricted countries:
United States
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