TRAXIA – The First Project to Migrate From Ethics to Cardano

The Traxia Foundation is a decentralized liquidity network utilizing smart and blockchain contracts to increase trust, transparency and ultimately liquidity in B2B trading. Traxia intends to build Cardano block. Became the first project to migrate from Ethereum to Cardano. One day around the world, there are about $ 43 trillion sitting on the balance sheet waiting to be paid. At the same time, many SMEs find it difficult to finance their production cycle, because most of the clients demand between 60 and 90 days to pay for the goods from the date of delivery and so on.
There is a solution called factoring which is a type of supplier financing, in which the company sells their credit-worth receivables at discounted prices and receives cash immediately, but the system is centralized and locally controlled by the bank. Traxia imagines a system where Seller uploads invoices, Buyers agree with their private key, Issuing Providers puts them into smart contracts, funds and professional investors distributes cash liquidity, and everyone meets in a decentralized market to exchange newly created digital assets. Think of it as factoring in blockchain.
Emurgo decided to invest in this ecosystem and Traxia, which already has a Porsche use case in China, will launch their ICO through Swiss law.
PROBLEM
 
$ 43 trillion USD in accounts receivable on certain days
Banks only finance 7% of these short-term assets
Banks continue to debate liquidity issues not to finance SMEs
Small and medium businesses are trapped to negotiate with local banks
Financial Trade Operations are expensive, bureaucratic and time-consuming
Banks rely on excessive paper paths and sluggish, non-transparent and centralized credit decisions
SOLUTION
The global trade finance ecosystem is decentralized
By using Blockchain we can offer transactions that are fast, transparent and inexpensive
Invoices are converted into smart contracts and traded as short-term assets
SMEs do not rely on their local banks to cancel their invoices again
Seller and Buyer continue to receive and pay in Fiat.
The only business associated with blocking is entering private keys
Our platform is strong inside but quite simple on the outside. A seamless UX experience for SMBs.
 
WHAT IS TMT TOKEN?
Token Membership Trauma (TMT) is a utility token issued by the Traxia Foundation (Swiss law) that provides access to our ecosystem.
Each time the Publisher Provider adds a new invoice to the system, TMT must be purchased by way of exchange to complete the access fee.
Token Membership Trauma (TMT) is for sale
To fund the initial operation and manufacture of Traxia platform, we will offer TMT token sales. TMT supply is limited to maximum. one billion (1,000,000,000,000) tokens, including those available for sale during Token Sales. Token will be generated at token launch and will be distributed in the following ways:
70% token will eventually be allocated among the community.
Distributed in the following order 30% + 30% + 5% + 5%
20% will be allocated for the creation of foundation, development team, early supporters.
10% will be allocated to treasury for the purpose of providing TMT Liquidity if required and also as a contingency fund.
The Traxia crowd and the appropriate token creation process will be organized around smart contracts that run on the Ethereal block. Participants willing to support Traxia project development can do so by sending Ether tokens (ETH) and ADAs to designated addresses. Thus, they purchase TMT at a rate of 1 TMT per US $ 0.15 which will be shipped to their ETH wallet after the sale. Any ADA and ETH delivered to the designated address will be converted to TMT at the market rate of ETH, ADA up to US $ every day during sales at 12:30 pm (UTC + 8). ADAs, ETs that have been transferred within 24 hours before 12 pm (UTC + 8) on every day during the sale will be included in daily conversions and TMT is distributed to the ETH address provided by the buyer.
For more information:
About Toni Leon

Author: mampham
ETH: 0xC8C92A22a6BeBC985ABF761b0B483c2bD4e3457F

Leave a Reply