I start by commenting that Traxia is the first ICO project that will migrate from the Ethereum blockchain to the Cardano network, this being the first Fintech application that we will have within the Cardano blockchain better known as the ADA.
The good thing about migration is that it will bring to the Cardano network one of the best projects in my opinion, since it is a decentralized market that will provide liquidity to SMEs (small and medium enterprises) through purchases in accounts receivable issued in contracts.
smartWeb: https://www.traxia.co/
Traxia is designing a platform where SMEs can obtain liquidity accounts receivable, many of the markets worldwide work with invoices that are paid at 30, 60 and up to 90 days after having been delivered the relevant goods. This leaves SMEs with little liquidity maneuver and banks sometimes fail to provide the capital required by them.
The solution of this market is to be able to sell these securities that will be paid in the future to liquidity providers and investors. SMEs receive discount liquid money for the issued securities that must be paid, finally the liquidity provider or the investor is the one who ends up collecting that money on the day of its expiration.
All this solution is carried out through intelligent contracts, where the liquidity providers buy securities for a lower price of the promise of payment in the future obtaining a potential profit weeks later. Within this ecosystem the transactions will be carried out through your token or native tab called Traxia Membership Token which we will know as TMT.
This market allows SMEs to charge their debt collection early with liquidity in order to handle any unforeseen event, the liquidity providers manage to buy for a lower price those securities with the hope of collecting days later, obtaining a profit in said operation.
All this agreement will be carried out through intelligent contracts in the Cardano network, the liquidity providers will know in advance the amount and the date in which said collection will be fulfilled. This project opted for the migration to this blockchain which would allow them to present more robust solutions and address problems of scalability and security.
The superior technology of CARDANO will permit TRAXIA to now a more robust solution to greater tackle scalability, security, and settlement.TRAXIA’s pre-sale for the public are open now and will run until the 9th April 2018. Joiners will get a 20 percent discount on their all native TMT ICO tokens. From 10th to 17th April there’ll be a 10 percent discount, and then from 18th April to 2nd June, there’ll be no discount. By June eight, 2018, TMT token will be avail for dealing on exchanges.
Traxia will be proving their concept with a loan warehousing system to match Buyers and Sellers initially, with the goal to make full decentralization possible over a longer period of time. Since their focus isn’t in pricing debt, Creditsafe has agreed to take on the task.
For other info about the Traxia, please visit the following links:
• WEBSITE: https://www.traxia.co/
• WHITEPAPER: https://goo.gl/8afHXv
• ANN: https://bitcointalk.org/index.php?topic=3019695.0
• TWITTER: https://twitter.com/TraxiaNetwork
• FACEBOOK: https://www.facebook.com/TraxiaFoundation/
• TELEGRAM: https://t.me/traxiafoundation
Bitcointalk user name : pathi87
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