Introduction Of TraXion
TraXion aims to provide a dynamic environment to allow for the future use and integration of cryptocurrency into everyday society.They plan on doing this through several ways.The first is by providing a wallet to their users for safe crypto storage and easy payments.Then, they’ll be introducing blockchain solutions for businesses and networking,as well as the introduction of smart contracts for accountability and good trust.This ICO wants to provide a fast and easy way of using crypto in daily life,whether it be to pay bills or to go shopping.The TraXion platform aims on doing this by creating a compliant network.One that encourages honesty,integrity,and speed in every transaction.
How To Use TraXion Wallet
The TraXionWallet combines existing fintech and insuretech apps into one ecosystem.TraXion will provide white-labeled wallets to organizations that want to move financial assets at zero cost through tokenization of their local currencies.The wallet will also have a management dashboard where users can control a rewards system or view analytics.TraXion offers a wide range of future shticks on its platform, for example: a wallet with several cryptocurrencies,also the users will have an access to white-label money transfers portal. Besides, when we talk about fundraising platform smart contracts will be forced into application.
Benefits Of TraXion Wallet
TraXion emphasizes all of the following benefits:
- Borderless
- Cheaper
- Faster
- Agentless
- Global
- Scalable
- Auditable
- Smarter
TraXion will be among the first distributed platforms on Hyperledger Fabric technology, and has established working ties with several financial technology services for an all-in-one financial solution.Has network of users and organizations Individuals, conglomerates, merchants, and non-profit organizations — all in a single infrastructure that enables a crypto economy free of obstruction, fraud, bureaucracy
Cost
The fees accumulate along the process of transferring the money to the end receiver.Charges increase as the transfer go through the bank where the senders request to,then another additional charge going through the central bank,and another accumulation when going across the border to the recipient’s country’s central & local bank respectively,counting the foreign exchange fees in the process.
TraXion Token
There’s a total supply of 500 million TraXion (TXN) tokens,with 250 million tokens available during the token sale at a rate of 1 TXN = 0.001 ETH.The company has set a hard cap of 200,000 ETH for the token sale.Of the total supply of tokens,40% is going to the ICO,10% to the pre-sale,20% to the team,20% to a reserve fund,5% to the community,3% for bounties,and 2% for CSR.The pre-sale for TXN tokens is scheduled for April 15 to June 15,2018, with the main ICO from June 16 to August 16, 2018.
TraXion” Different From Others
In comparison to other budding solution with same models,TraXion’s provide great benefit in term of developing a complete platform where both unbanked and banked can enjoy the equal empowering opportunities with easy access to resources.The platform is using Hyperledger Fabric that makes the solution more enterprise-grade as well as allows the business to migrate and pledge to a system with the outstanding support of a vast network of transactions with clients and non-profit organizations related to the diverse network.Apart from this,it is an Open Banking Model where all people across the world can enjoy the benefit of secure and concrete infrastructure comprises of all financial service required.The banking systems can become portable if users can utilize wallets in their smartphones without any need to go the physical banks.Even,if users don’t have TraXion token they can use fiat currencies initially on the public interface and token holders can exchange tokens with other cryptocurrencies when they want.
TraXion ICO Details
- Start of Pre-Sale :1st May 2018
- End of Pre-Sale :31st May 2018
- Start of Crowd Sale :15th June 2018
- End of Crowd Sale :31st July 2018
- Total TraXion Token :500,000,000
- Token symbol :TXN
- Token Price :0.001 ETH
- Hard Cap :100,000 ETH
- Exchange :1TXN =0.001ETH
Project development plan
2017 (First quarter) - Blockchain Dev Hub Formation
2017 (Second and third quarter) - launch of the payment platform, as well as the launch of the fundraising platform
2018 (May) - the Conduct of the Pre ICO
2018 (Second quarter) - TraXion Wallet Release2018 (Third quarter) - development of peer-to-peer transfers for payments, money transfers and donations. Improving the existing fundraising platform for smart contracts
2018 (Fourth quarter) - launch of "Crypto Trading" function"
2019 (First quarter) - Hyperledger installs TraXion as a system where all financial products, transactions and services are available in the platform's wallet. To scale the business, existing agencies and brokers will be offered a whitelabel solution for the money transfer business
2019 (Fourth quarter) - peer-to-peer lending, namely, Wallet Users will be able to credit other users with TraXion KYC, Credit Score and Microfinance Solution
Team of developers and specialists
General partners
For more information please visit the official website:
website: https://traxion.tech/
whitepaper: https://traxion.tech/documents/Traxion%20Whitepaper.pdf
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