In this article, we’ll take a look at the trakx platform and find out what it plans to achieve. We’ll also look at the upcoming trakx ICO and find out what it offers to help you determine whether it’s worth participating in
WHAT IS TRAKX
Trakx.io" project platform is based on crypto tracker and they are building the first Crypto Tracker solution. Crypto Trackers are ERC20 asset-backed tokens that change proportionally to the percentage change in their benchmark, multiplied by a potential leverage factor, for any given day. Thanks to daily reset, CTIs have a compounding effect, whereby losses and gains from each period affect the base from which the next period's returns are calculated. Each Crypto Tracker will be its own ERC20 token, and can be stored on Ethereum wallets as well as traded on Trakx.io platform the digital tokens that are positively or negatively correlated to the tracked underlying crypto assets . It also significantly reduces the complexity and fees associated with the setting of long and short positions on various cryptocurrency assets. It is also called Coin Traded Indices CTIs. Furthermore, the trackers that are going to be launched by Trakx once the platform is ready are all asset-backed tokens. The Trakx team vows to keep the ratio of trackers to crypto reserve one-to-one. This means that for every tracker token that they issue, there is a correspondent cryptocurrency coin in their reserve.
BOUNTY DETAILS
Now, there is a bounty program ongoing for us to get free TKX before the public crowdsale. Scroll down to the bottom of this article to see some of the details about the ICO and bounty all you can Join the program now through this link ( https://bounty.trakx.io/6217/4868280 ) in other for you to get some free token if you think this project is promising. Right in this bounty no one will loose. Even if you’re in the last position no matter your rank, you will get a prize from this bounty. Cool right?
1st Place
Win up to 250,000 TKX tokens (equivalent to up to $25,000 stated in whitepaper
2nd to 10th Place
Win up to 110,000 TKX tokens each (equivalent to up to $11,000 stated in whitepaper
11th to 25th Place
Win up to 16,500 TKX tokens each (equivalent to up to $1,650 stated in whitepaper
26th to 100th Place
Win up to 6,500 TKX tokens each (equivalent to up to $650 stated in whitepaper
101st to 250th Place
Win up to 3,250 TKX tokens each (equivalent to up to $325 stated in whitepaper
251st to 500th Place
Win up to 2,000 TKX tokens each (equivalent to up to $200 stated in whitepaper
501st to 1000th Place
Win up to 1,000 TKX tokens each (equivalent to up to $100 as stated in whitepaper
1001st to 20000th Place
Up to c. 1.5M tokens to share
Win up to between 80 and 160 TKX tokens each (equivalent to up to $8 to $16 as stated in whitepaper
ICO DETAILS
ICO Start: 16 February 2019
ICO END: 31 March 2019
Total Token Supply: 500,000,000
Token exchange rate: 0.00050 ETH per token
Acceptable currencies: BTC, ETH, EUR
Minimal transaction amount: 0.1 ETH / 0.001 BTC
White paper link: https://www.dropbox.com/s/xki5nrashh7mtv8/2018%2010%2010%20Trakx%20Whitepaper.pdf?dl=1
Trakx_io website: https://www.trakx.io
Bounty link: https://bounty.trakx.io/6217/4868280
SOCIAL MEDIA LINK
https://www.facebook.com/Trakx.io/