Traxia

Traxia

Created using Figma
Created using Figma
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. Emurgo 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.
Sale
Feb 25, 2018
Jun 5, 2018
100% completed
$15 100 000
100% goal completed
past
Token Details
Ticker
TMT
Accepted Currencies
ETH, BTC, ADA
Additional Details
KYC
Yes
Company Details
Registered Country
Switzerland

About Traxia

On any given day around the world there are around $43 trillion of accounts receivable or accounts payable on the books of businesses, of which, banks only finance around $3 trillion of the total (Kemper, 2016). On a more granular level, there is a gap in global trade finance of around $1.6 trillion, most arising from Asian companies (Asian Development Bank, 2016). The International Chamber of Commerce refers to trade financing as the ‘oil’ in the engine of international commerce and highlights the unmet demand for such financing (International Chamber of Commerce, 2017).

This gap is a result of a misalignment in terms of the demand for trade related credit and the liquidity of funds provided. It is disproportionately available to multinationals and large corporates – the top end of the market – and consistently absent in the SME segment (International Chamber of Commerce, 2017). Simply said, SMEs are faced with little choice but to accept their large customer’s payment terms, no matter how onerous they may be.

Financial Technology (FinTech) companies have come up with solutions to this gap in global trade finance. However, in the absence of new instruments and marketplaces that connect and bring together different trade actors, new ventures have been unable to make a major difference, yet.

Features

  • 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.

 

Roadmap

  • V1 (alpha) & V1 (beta)

  • Monolith API (PHP), web clients (Angular 4 / Typescript)
  • V2

  • Monolith API (PHP), web clients (Angular 4 / Typescript)
  • V3

  • Microservice API (NodeJS/Typescript/GraphQL), webclient (ReactJS/Typescript/Redux), mobileclient (React Native/Typescript/Redux)

Activity

Status:
Sr. Member
HIGH
Activity:
378
HIGH
Merit:
255
HIGH
Posts:
6 334
VERY HIGH
Views:
39 085
VERY HIGH
Users:
937
VERY HIGH
Posts:
372
HIGH
Followers:
1 559
LOW
Likes:
1 464
LOW
Rating:
4.90
VERY HIGH
Reviews:
39
LOW
Followers:
2 891
MEDIUM
Tweets:
271
MEDIUM
Members:
4 558
MEDIUM
Alexa
Rank:
506 667
LOW
Delta:
301 944
Videos:
21
HIGH
Subscribers:
56
VERY LOW
Views:
3 773
VERY LOW
Likes:
77
LOW
Dislikes:
1
VERY HIGH

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

co-Founder & Product Development
unverified
Business Development Executive
unverified
Senior Management and Strategy Support
unverified
Business Development
unverified
Business Development
unverified
Senior Sales Support
unverified
Product Strategy and Europe
unverified
Jonas Tang
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

3 ICOs

$17 620 000

Advisor
unverified

Last News

$ 0.0202
-3.41%
Coin Stats
Daily, %:
-3.41%
Weekly, %:
Monthly, %:
Market Info
Market Cap:
Volume 24h:
$ 103.63 K
Circ. Supply:
Ticker:
TMT

N/A

5.0 1
ICO Profile Vision Activity Potential Product Team
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.