The ecosystem is one of the main and integral components of human life because it is something that plays a vital role in safeguarding the lives of every specimen on earth. Rather than an important key to this ecosystem, there are no mechanisms designed to safeguard ecosystem destruction and to face the challenges and consequences that result from drastic changes in our environment. Some species have become extinct and many are virtually gone from the earth as soon as environmental damage causes the loss of their natural habitat. Because ecosystems are so important, immediate attention needs to be given to them so we can resist change and make the situation better and better
Basically in the field of technology activities are done is data processing, and in the processing of data that many elements - elements in it like where the data was placed, how the data is made, how the data is distributed and others.
As we know at this moment every data that we thought it is centralized or just in a store on a single computer that we usually call the server. Current system running has many shortcomings one of them is the data security becomes not maximal because the data is only located in one place where it makes our data cannot validate the data. The other is the problem if there is a system failure from the server will make the network down if we do not have a backup then it is lost the data we have.
Here I will discuss about "Traxia Foundation"
What is Traxia
Traxia Foundation is a decentralized liquidity network which utilizes smart contracts and a blockchain to improve trust, transparency and ultimately cash liquidity in B2B trading. Traxia intends to build upon the Cardano blockchain. Being the first project to migrate from Ethereum to Cardano. On any given day around the world, there are around $43 trillion sitting on balance sheets waiting to be paid. At the same time, many SMEs find it difficult to finance their production cycle, as most clients demand between 60 and 90 days to pay for goods from the date of delivery onwards. There’s a solution called factoring which is a type of supplier financing, in which firms sell their credit-worthy accounts receivables at a discount and receive immediate cash, but this system is centralized and controlled locally by banks. Traxia envisions a system whereby a Seller uploads an invoice, Buyers approve it with their private keys, Issuing Providers write it into a smart contract, funds and professional investors distribute cash liquidity, and everyone meets in a decentralized marketplace to trade the newly created digital asset. Think of it as factoring on a blockchain.
Emerge decided to invest in this ecosystem and Traxia, that already has a use case with Porsche in China, will launch their ICO by Swiss legislation.
Participants in the ecosystem are:
Sellers in need of working capital replenishment, the role of which is often played by SMEs.
Buyers, most often a large Corporation, which usually has a higher credit rating than the seller.
Investors - a person or organization that invests money in financial products, assets, etc.with an expectation of profit.
Providers - technology providers that install and maintain the platform Traxia, arranging the processes of loading and validation of data on business and trade by combining widely used web-based technology with a modern infrastructure and the blockchain, making it clear and transparent to the three previous categories of ecosystem participants Traxia.
Listing providers, party platforms, which carry out control over compliance of securities on the platform specified conditions and requirements.
Problem & Solution
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.
The price for the TMT will be reduced during the pre-Sale and early sale:
Pre-sale:
- 220.000.000 TMT
- 40% Discount
- 19.800.000 max. USD
Token sale week 1:
- 180.000.000 TMT
- 20% Discount
- 21.600.000 max. USD
Token sale week 2:
- 180.000.000 TMT
- 10% Discount
- 24.300.000 max. USD
Token sale week 3:
- 180.000.000 TMT
- 0% Discount
- 27.000.000 max. USD
Token Distribution
ICO
At this time the ICO includes four presale rounds offering 40% of the total token supply for sale. The base price of the token is $0.15 and can be purchased with ETH or ADA.
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The first round of presale is currently open and is offering 22% of the total supply at the maximum discount of 40%. This discount is available until March 18th and requires a minimum contribution of 10 ETH and limits individuals to a max 1000 ETH.
The second round of the presale runs from March 9th to April 9th and offers a 20% discount. The minimum contribution is lowered to .1 ETH (or ADA equivalent). This round is offering 18% of the total supply for sale.
It appears that the third and fourth rounds will sell any remaining tokens from the first two rounds at a 10% discount followed by no discount. If needed, round 4 would end on June 2nd. The max individual cap is lifted for round 4.
The hard cap of the token sale is $41.4 million and there is no soft cap.
According to the whitepaper a total of 60% of the total TMT tokens will eventually be sold to the public. According to the CMO Bruno Botelho the additional 20% will be sold to create additional capital if needed and they are unlikely to be sold within the first 3 years.
Unsold tokens will be burned.
Tokens will be distributed at the close of the crowdsale, either when hard cap is reached or by June 2.
Team member, early investors, advisers and strategic partners will have 60% of their tokens locked for 12 months and the remaining 40% locked for 24 months. The treasury fund will also be locked for two years.
Roadmap
Product Architecture and Development :
V1 (alpha) January 2018
V1 (beta) March 2018
Monolith API (PHP), web clients (Angular 4 / Typescript)V2 April 2018
Monolith API (PHP), web clients (Angular 4 / Typescript)V3 June / July 2018
Microservice API (NodeJS/Typescript/GraphQL), webclient
(ReactJS/Typescript/Redux), mobileclient (React Native/Typescript/Redux)
Team & Advisor
** For More Information, Visit Us: **
Website: https://www.traxia.co/
Whitepaper: https://docs.wixstatic.com/ugd/baba69_30f719c55f344ab7ae44715a4d287811.pdf
Facebook: https: //www.facebook. com / TraxiaFoundation /
Twitter: https://twitter.com/TraxiaNetwork
Telegram: https://t.me/traxiafoundation
ANN Thread: https://bitcointalk.org/index.php?topic=3019695.0
Bounty Thread: https://bitcointalk.org/index.php?topic=3021679.0
Author: tommisetiyawan
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1930443