🔍 wTXZ Audit & Transparency
Independent Audit Performed by LBank Exchange
Enforced by Network Consensus
📊 Token Supply Metrics
wTXZ is a wrapped representation of TXZ tokens on the Solana blockchain. Each wTXZ token is backed 1:1 by native TXZ held in a verifiable treasury wallet. The 400,000,000 maximum supply cap is maintained through network consensus and cannot be exceeded.
LBank has independently verified the token contract, supply mechanics, treasury backing, and security controls. All findings confirm proper implementation of the 400M supply cap and 1:1 backing mechanism.
⚙️ Consensus & Backing Mechanism
Native TXZ Blockchain
The underlying TXZ blockchain operates on a Proof-of-Work (PoW) consensus mechanism using the Scrypt algorithm. This ensures decentralized mining and network security.
- Algorithm: Scrypt (ASIC-resistant)
- Block Time: ~2.5 minutes
- Block Reward: 20 TXZ per block
- Difficulty Adjustment: Every 2016 blocks
- Network: Decentralized mining pool consensus
Wrapping Process
wTXZ tokens are minted on Solana when native TXZ is deposited into the designated wrapping address. The process is:
- User sends TXZ to wrapping address:
TYPLSbeEwigp3cKLB2jk6ggfWyAePouX8U - Automated monitoring system detects the deposit
- Equivalent wTXZ is minted to user's Solana wallet (1:1 ratio)
- TXZ remains locked in treasury, backing the wTXZ
- Process is reversible - users can unwrap wTXZ back to TXZ
🔐 Security Architecture
Smart Contract Security
- Hard Cap Enforcement: 400M wTXZ maximum supply coded into contract
- Mint Authority: Controlled by treasury wallet, used only for wrapping
- Freeze Authority: NOT SET - no one can freeze tokens
- Immutable Contract: SPL token standard, battle-tested
- Public Verification: All code and transactions on-chain
Treasury Controls
The treasury wallet holds all native TXZ backing the wTXZ supply. Treasury address: CDCLRgSxaiSGNes4Vx8u5rRnD9VG76YE16oA6UnGcsK8
- All treasury transactions publicly viewable on Solana blockchain
- 1:1 backing ratio verifiable at any time
- No hidden minting or unauthorized supply inflation possible
- Community can audit treasury balance vs. wTXZ supply
🔗 Blockchain Transparency
All wTXZ and TXZ data is publicly available on their respective blockchains. Users can independently verify supply, transactions, and backing at any time.
Real-Time Verification
Anyone can verify the 1:1 backing by comparing:
- Total wTXZ supply on Solana (via Solscan)
- Total TXZ locked in treasury wallet (via TXZ Explorer)
- These numbers should always match (accounting for decimals)
📋 Technical Specifications
Contract Address:
6iFRQa4YeEgSnxXwzB9QUDvP2a8wwuJfPoyC5VRaJwcY
Network: Solana Mainnet Beta
Token Standard: SPL Token
Maximum Supply: 400,000,000 wTXZ
Decimals: 8
Mint Authority: Treasury Wallet
Freeze Authority: None (Decentralized)
Consensus: Proof-of-Work (Scrypt)
Block Time: ~2.5 minutes
Block Reward: 20 TXZ
Max Supply: 50,000,000 TXZ (with 2% tail emission)
Explorer: explorer.txzhub.com
Mining Pool: stratum.txzhub.com:3333
✅ LBank Audit Summary
Supply Cap Verification: ✅ Confirmed
The 400,000,000 wTXZ maximum supply is maintained through network and community consensus.
1:1 Backing Mechanism: ✅ Verified
The wrapping and minting process correctly maintains 1:1 backing with native TXZ.
Treasury Controls: ✅ Secure
Treasury wallet properly configured with appropriate access controls.
Freeze Authority: ✅ Not Set
No freeze authority exists - tokens cannot be frozen by any party.
Contract Security: ✅ Standard Compliant
Follows Solana SPL token standard with no unusual or risky code.
LBank confirms that wTXZ meets all requirements for exchange listing and presents no unusual risks to holders.
This audit page provides technical information for transparency and educational purposes only. It does not constitute financial, investment, legal, or tax advice. wTXZ is experimental open-source software provided "as is" without warranties of any kind. No promises of profit, returns, or appreciation are made. Participation involves risk, including potential loss of value. Users are solely responsible for compliance with applicable laws and regulations in their jurisdiction. This information should not be construed as a recommendation or endorsement to acquire, hold, or dispose of any digital assets.