Texeract Network was a Layer 1 blockchain network that focused on eliminating gas fees and securing transactions using a built-in Layer 2 network solution. Leveraging the fundamental work and functionalities of ZK-Rollups and Optimistic Rollup, Texeract Network promised scalability, validity-proof, and fraud-proof transactions.

Texeract Network boldly stepped into the blockchain arena, brandishing its prowess as a Layer 1 powerhouse that not only shattered the chains of gas fees but also erected an impenetrable fortress of transaction security through a seamlessly integrated Layer 2 network solution. Picture this: a dynamic fusion of cutting-edge ZK-Rollups and Optimistic Rollups technologies, strategically infused into Texeract's DNA, promising not just scalability but a symphony of validity-proof, fraud-proof transactions.

Allocation

The allocation of XERA Coins within the Texeract Network is structured as follows:

• Project Development:6% (60,000,000 XERA Coins) reserved and locked for five years to ensure long-term growth and sustainability.Developers are permitted to unlock 0.1% (1,000,000 coins) monthly for operational support and enhancements.
• Marketing Allocation:4% (40,000,000 XERA Coins) allocated to influencers and content creators to promote project awareness and engagement.
• Investor Allocation:Seed Sale: 5% (50,000,000 XERA Coins).Public Sale: 10% (100,000,000 XERA Coins).
• Community Airdrop (Testnet Users):25% (250,000,000 XERA Coins) distributed across testnet phases to reward participant contributions:Phase 1: 2.5% (25,000,000 coins).Phase 2: 7.5% (75,000,000 coins).Phase 3: 15% (150,000,000 coins).
• Mainnet Contributors:50% (500,000,000 XERA Coins) ^[1]