TX / Transfercoin


 April 16th, 2017 – Version 1


Definition from Core Team Member @alberto in Slack

At the moment we are working to recreate almost everything excluding the core features of TX. We are creating a new and updated website, fixing many of the functionality and user experience issues within the wallets. We are still extremely early on in the resuscitation of TX. So far we have rebranded the name to TX Project and have been actively working to get a community together to get this amazing coin back on its feet. After a rough start with some drama involving the developers, we are absolutely committed to getting TX where it deserves to be among the plethora of cryptocurrencies out there right now.

Community Enthusiasm – 3.5 out of 5

  • The Slack is Frequently active with 125 members.
  • The Bitcointalk thread is Frequently active.

Active Development – 2 out of 5

  • The devs are working in the background.
  • The devs have not officially discussed progress.
  • There are no written documents detailing progress or plans.

Exchanges – 3 out of 5

Price – https://coinmarketcap.com/currencies/transfercoin/

  • Traded until mid-March for between 800 and 1000 sats.
  • Price has been volatile, but steadily rising since to 12k sats.

transfercoin price

Wallets – http://txproject.io/#wallets

  • Windows wallet
  • MAC wallet


April 16th, 2017 Summary

I come up with new ideas for coins to review from many different places. You are probably familiar with PIVX since it is arguably the most successful new coin of 2017. Yesterday I went into the very active PIVX slack #trading room and asked the question, “What do you guys think is the next PIVX?” Their answer: TX

Transfercoin is redoing everything except the core features. We can expect to see new updates and a website released soon. Their exclusive feature is an Andriod wallet with Staking and Masternode functionality.

The planned features are fairly similar to PIVX, including a combination PoS/Masternode setup. There is a very low coins supply currently, and I am told it will be kept very low, so the 12k sat price at the moment is not as drastic as it seems.

The problem is there is a lot of work still to do, including a basic website and documentation explaining all of the details.

My recommendation…

I was involved with the PIVX craze very early on and can tell you it is much more than just features. The community enthusiasm and quality of the PR the PIVX team did will be remembered in Crypto lore. TX, and any other coin, will have trouble duplicating that passion.

Having said that, just like PIVX coasted on DASH’s coattails, if PIVX investors think TX has promise it could be big. Masternodes are super hot at the moment and people are throwing money into any project with promise. The only way to get into a promising project early is to get there before anyone else finds out. TX has not even really started getting the word out, and already it is up 10x just from whispers and rumors.

If you are into taking risks, this would be an investment for you. TX is so far from being ready for primetime, it could just as easily be abandoned as completed. It is higher in price than PIVX was when it was at the same place in its development, so pay close attention if you buy and make sure everything continues to progress.