TRAXIA ICO

Traxia is a Cardano-based project that will disrupt trade finance. Traxia allows small and medium enterprises (SMEs) to trade accounts receivable, at a premium rate, to receive instant

THE PROBLEM

$ 43 trillion USD in accounts receivable at any given day

Banks only finance 7% of these short-term assets

Banks continue to argue liquidity problems to not finance SMEs

Small and medium-sized enterprises are stuck to negotiate with local banks

Trade Finance operations are expensive, bureaucratic and time-consuming

Banks rely on redundant paper trails and slow, non-transparent and centralized credit decision

THE SOLUTION

A decentralized global trade finance ecosystem

By using Blockchain we can offer fast, transparent and low-cost transactions

Invoices are converted into smart contracts and traded as short-term assets

SMEs are not dependent on their local bank to discount their invoices anymore

Sellers and Buyers continue to receive and pay in Fiat.

The only blockchain related effort is to input a private key

Our platform is robust in the inside but quite simple in the outside.

A seamless UX experience for SMEs

WHAT'S IN IT FOR YOU?

In our ecosystem Sellers upload their invoice, Buyers approve it with their private key, Issuing Providers convert it into a smart contract, Liquidity Providers assure the liquidity, Listing Providers manage the marketplace and Investors trade the newly created digital assets.

What's wrong with the ICO?

Currently ICO includes four presale rounds that offer 40% of total token inventory for sale. The token base price is $ 0.15 and can be purchased with ETH or ADA.

The first round of presale is currently open and offers 22% of total offer with a maximum discount of 40%. This discount is available until March 18 and requires a minimum contribution of 10 ET and limits the individual to a maximum of 1000 ET.

The second round of presale lasts from 9 to 9 April and offers a 20% discount. The minimum contribution is reduced to 0.1 (or the ADA equivalent). This round offers 18% of total supply for sales.

It seems that the third and fourth rounds will sell the remaining tokens from the first two rounds with a 10% discount followed without a discount. If required, round 4 will end on 2 June. Max's individual hat is lifted for round 4.

Hardcap from token sales is $ 41.4 million and there is no soft stamp.

According to whitepaper a total of 60% of total TMT tokens will eventually be sold to the public. According to CMO Bruno Botelho an additional 20% will be sold to create additional capital if needed and will likely not be sold within the first 3 years.

Unsold tokens will be burned.

Token will be distributed at the closing of the crowd, when hardcap is reached or on June 2nd.
Team members, initial investors, strategic advisors and 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.


Supply Marketcap & Token

The hardcap project will have a marketcap of about $ 41.4 million (400 million TMT) if no additional tokens are released at that time. In the current ICO environment, the calculated marketcap is on the high side. The high amount of funds needed to fund properly the loan warehouse that is being implemented by Traxia.
The loan warehouse will allow Traxia to buy its receivables and hold it until it is bought back by the buyer. In the early stages of the project, the warehouse will play an important role in matchmaking and prevention of ecosystem congestion.

Total token supply is 1 billion TMT.

TEAM

Conclusion

The project is well-constructed and thought out, supported by the Cardano community through the investment arm of Emurgo, the 201de Slush 201de Edition 201de winner. The development team, called LiqEase, has many notes in launching and executing successful digital projects for large companies or independently and with an in-depth knowledge of the fintech world. Finally, Miguel Solana from Santander Bank and Mr. Kapron from Citibank, who supports the project, ensures long-term investment and great success in the future.

 For more information visit 

Traxia Website || Telegram || Whitepaper || Bitcointalk Announcement || Bounty

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