Greetings of the community, this time I would like to elaborate on the Traxia project, and here's the review:
Traxia is a trade finance platform in development that aims to disrupt traditional financing by offering decentralized blockchain-based method to provide financing, especially for small and medium enterprises (SMEs).
Traxia aims to do this by offering methods to convert the unpaid invoices into digital token and then traded in a decentralized market. To finance the development, Traxia has begun selling the Token Membership Traxia (TMT) as part of ICO.
The Traxia Team & Company
Traxia is being developed by the Traxia Foundation, a non-profit organization located in Switzerland that oversees the financial process of the platform. On the technical side of the coin, Traxia's actual function is being developed by LiqEase, a Shanghai-based company. CEO LiqEase is Tobias Pfütze, who founded the company in 2017.
He also serves as a board member of the Traxia Foundation. However, it is quite clear that Pfütze, in his capacity as executive leader of Traxia and LiqEase, runs both organizations together with other unnamed staff he has.
Traxia mission
Traxia's mission is to provide access to decentralized financing for SMEs. The mechanism behind this is a relatively complex one. Functionality, as envisaged by Traxia, will permit the seller to upload invoices, the buyer to approve this invoice with a private cryptocurrency key and then has issued the provider turning this invoice into a smart contract.
At this point, the liquidity provider will distribute the cash to the seller. In the meantime, list providers will manage the markets that investors can then use to trade these newly printed digital assets.
Traxia ICO (TMT Coin) Token Detail
The Traxia Membership Token ICO is currently in pre-sale and will remain until March 18, 2018. During pre-sales, per token prices are subject to a 40% discount, resulting in $ 0.09 per 1 TMT.
There is a minimum and maximum amount of contributions to buy TMT, with a minimum expenditure of 10 ETH and a maximum expenditure of 1,000 ETH. All contributions must come from a wallet that provides a private key to investors. This means that services like Binance are not compatible with TMT ICO.
There are 1 billion tokens in total to be available. Individuals who do not want to contribute using ETH can also do so with Bitcoin purchases, or through purchases involving the ADA Cardano token. This is because the Cardano blockchain will be Traxia's last home. However, for now, Traxia is being built using Ethereum as a framework and will transition later on.
Individuals who do not have 10 ETHs but want to participate are welcome to forge investment alliances with others through a Ethereum merger service known as PrimaBlock.
The entire TMT sales lasts until June 2, 2018. It will then buy tokens sent to investors.
Verdict = What is ICO Traxia (TMT Coin) Worthy Investment?
Traxia certainly looks ambitious. There is, however, a lack of financial availability for SMEs, and Traxia claims that its system will be one of the answers to reduce availability.
However, due to the complexity of creating a decentralized market for inferred digital invoices, and the general lack of general information on how investors will be able to capitalize on TMT purchases, there are some unanswered questions that drag the water considerably.
In addition, there are some strange choices made by its associated companies ICO. With a relatively high minimum investment of 10 ETH - worth more than $ 6800 in this paper - the stakes are definitely high. Also, with no token being liquefied between now and June 2, this is an unreasonable long gap; Traxia basically asks investors to wait for 90 days or more before receiving the digital token they will pay today.
These factors make Traxia a bad choice for new and inexperienced investors, or those with less capital to dedicate themselves to investing crypto. We recommend providing Traxia bait if you are in this investment category. More advanced investors may want to take a closer look at the Traxia whitepaper to make decisions for themselves.
For more research on Traxia's smart contract today, please visit some of the important Links below:
Website :http://traxia.co/
Whitepaper :https://goo.gl/8afHXv
Facebook :https://www.facebook.com/TraxiaFoundation
Twitter :https://twitter.com/TraxiaNetwork
Telegram :https://t.me/traxiafoundation
Tokensale :https://www.traxia.co/token-sale-info
Annthread :https://bitcointalk.org/index.php?topic=3019695.new#new
The bitcointalk name: Icaica22
Profile Link :https://bitcointalk.org/index.php?action=profile;u=1546717
nice upvoted and resteem
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