TLDR;
This presentation introduces TexaCoin, a cryptocurrency exclusively mined in Texas, and explains its potential for growth and wealth generation. It highlights the current favorable environment for cryptocurrency due to recent legislative changes and the state's commitment to becoming a crypto capital. The presentation also details how individuals can participate by purchasing "mines" (computer nodes) that produce TexaCoins, and how they can increase their holdings through community sharing and a generous compensation plan.
- TexaCoin is exclusively mined in Texas, ensuring stability and control.
- Recent legislative changes at the federal and state levels are creating a favorable environment for cryptocurrency.
- Individuals can participate by purchasing mines and earning coins, with opportunities to increase holdings through community sharing.
Introduction to TexaCoin and the Speaker [0:00]
The Thursday night call is dedicated to learning about TexaCoin. Byron Hamilton, a leader and Texit Ranger, will share the project details. A Texit Ranger is a leader who embodies and promotes TexaCoin, educating others and simplifying cryptocurrency.
The Current Cryptocurrency Landscape [1:57]
Cryptocurrency is transitioning from use by the "underworld" to mainstream adoption, similar to the shift from horses to automobiles. Digital currency is already common through apps like PayPal and Venmo, and cryptocurrency is simply a further step, operating outside traditional banking systems. Recent lawsuits against crypto exchanges have been dropped, allowing them to function more freely.
Government Support and Texas's Role [8:29]
President Trump appointed a "cryptozar" and mandated federal agencies to make the U.S. the crypto capital, establishing a federal cryptocurrency reserve. Governor Abbott signed Senate Bill 21 to make Texas the crypto capital, requiring state agencies to stockpile cryptocurrency as a reserve.
TexaCoin's Unique Features and Vision [14:08]
TexaCoin is exclusively mined in Texas to maintain control and stability. The project is crowdsourced, allowing individuals to own mines (computer nodes) and participate in the network. No single entity can own more than nine mines, preventing centralized control. The goal is to create a tangible currency for peer-to-peer exchange.
How TexaCoin Mining Works [18:59]
TexaCoin operates on a network of computer nodes that solve mathematical equations to produce coins. When a node solves an equation, it receives a reward of digital coins. Owners of mines can sell their coins on exchanges for stablecoins like USDC or USDT, which can then be converted to fiat currency. Every transaction is validated by six other computers, ensuring transparency and integrity. Transactions are compiled into a blockchain every three minutes, creating a transparent accounting ledger.
Understanding the TexaCoin Network and Value [24:37]
The website mindetxe.com provides a real-time overview of the TexaCoin network, including revenue, miner locations, and network status. The value of TexaCoin is determined by market demand on exchanges like MEXC and BitMart. The presentation shows the coin's value increasing from $3.86 to $5.29 in just five days.
The Benefits of Owning a TexaCoin Mine [30:28]
Owning a mine is compared to owning an apple tree versus buying apples, as it provides a continuous source of coins. A mine costs $995 and functions at 100 megaash, currently producing 0.5 coins per day. There are 163,000 mines sold out of a total of 1 million, with a goal of crowdsourcing the remaining mines. Once all mines are sold, each mine will produce approximately one-tenth of a coin per day.
TexaCoin's Growth Potential and Future Projections [36:39]
The value of TexaCoin has grown from 8 cents to $5.30 in about 10 months. Projections estimate a value of $16 or more per coin in February of next year. The speaker shares personal experiences of paying off debt and planning to pay off a mortgage using TexaCoin earnings.
Strategies for Increasing TexaCoin Holdings [40:46]
Purchasing multiple mines offers better value: five mines get one free, and nine mines get two free. New miners have 30 days to buy additional mines and receive the free ones. The presentation also details how to earn additional mines by sharing the opportunity with others.
Earning Mines Through Community Sharing [45:56]
For every three people who purchase mines through your referral, you receive an additional 100 megaash (one free mine). If these referrals occur within 30 days, you receive another 100 megaash, effectively doubling your mining power. This process can be repeated indefinitely as long as mines are available.
TexaCoin's Compensation Plan and Commission Potential [51:00]
The company offers a binary organization structure where you can earn commissions by matching points on your left and right sides based on the number of mines purchased by your referrals. Matching three points on each side earns $1,000, six points earns $2,000, and nine points earns $3,000. Commissions are paid out weekly in USDC or TexaCoin.
Maximizing Earnings and Long-Term Vision [59:13]
The compensation plan is generous, allowing for significant earnings through community sharing. The speaker highlights the potential for generational wealth, as the network is designed to produce coins for 136 years. The presentation concludes by encouraging viewers to get involved sooner rather than later and to contact the person who invited them for more information.