TraXion

TRAXION is a platform that creates a friendly ecosystem for crypto currency trading for a common good of all businesses.

PROS:

• Easy payments: The Traxion pay through the use of a simplified merchant on boarding enables small business owners can receive payments even when the customers don’t have bank accounts.
• Poverty reduction: The platform helps  combating poverty  by limiting corruption which is achieved through automation and digitalization minimizing the avenues for corruption as most robust systems records all transactions
• Transparency : The use of smart contract ensures that there is truthfulness, accountability and transparency  during depression in any community and any aid from the individuals  are exploited properly
• Security: The platform is based on Hyper ledger Fabric which driven by a permission network where all the participants are required to be authenticated in order to participate and transact on the platform. The identities further governs the level of access control hence providing more security measures
• Speed: The platform provides a white-label platform that integrates multiple payments options on the block chain with built in KYC for on boarding of merchants enabling easy and faster cross boarder payments
• Cost effective: The use of the platform eliminates the existence of intermediaries, agents and  brokers ensuring that the users  don’t undergo unnecessary costs and fastens the operations of the platform
• Team: The platform has assembled an expert management team with diverse range of talents and skills in crypto currency banking, banking operations, payment processing which are directly in line with the intended objectives of the platform
• White paper: The white paper has all the necessary information to the users enabling  them to fully understand the project implications

CONS:

• TraXion token  doesn’t allows the holders to access the services provided by the PraXion Chain platform 
• The platform operation is easily affected by the laws imposed by the legal authorities
• The PraXion token holders are not granted legal rights to dividends and interests in the platform

SUGGESTIONS:

• The platform through its token should empower the token holders  by granting them rights over decision making of the organization and a share of dividends and interests
• The platform should comply to all the laws imposed by the regulatory authorities before its launch

NOTE:

The platform builds an infrastructure for everyday users by enforcing data integrity, accountability, transparency and trust through the use of block chain technology. These features are beneficial to all kind of businesses enabling them to earn higher returns hence I would invest in the project

Summary

TraXion is aiming to provide a way to make cryptocurrency viable as a day-to-day payment and trading method. Through their wallet, intuitive smart contracts, and by providing blockchain solutions to businesses, TraXion hopes to create a community and environment of trust around cryptocurrency. This will encourage the daily use of tokens in anything. This will open the door for increased lending, trading, and shopping in the future.

Positives
Smart contracts
Wallet which offers zero-cost transfers
Plan to create blockchain solutions for small businesses
Active in the crypto community and do regular meetups and speeches.
Negatives
No solid product available for testing yet
Most features of their platform won’t be available till late 2019

Project strong sides: brilliant-look professional-oriented team.

Project weak sides: ambitious plans without any supporting by business plan, researches or marketing strategy presented; probably fake payment system website which announced in WP as launched part of project.

So our position is negative, probably scam.

Differentiation: Compared to most blockchain-based projects that aim to provide financial services, the company does not adequately describe how the platform differentiates itself from the competition. There is a section in the whitepaper that discusses TraXion versus other platforms, however the discussion is vague. It is stated that “apart from other budding solutions with similar models, TraXion’s potential poses superiority in terms of creating a more complete platform where both the banked and unbanked will enjoy equal yet empowering opportunities and access to resources”. Specific platforms that aiming to achieve the same goal are not discussed.

Market Penetration Potential: The market of financial services is highly difficult to penetrate as a startup company. Especially considering the number of direct competitors that TraXion faces and the regulatory obstacles that will impede their development.

Solution Advantage: The most notable advantage of the platform is that the platform is to be build on existing products/services. Otherwise, the platform does not provide any distinct advantage to most competitors.

Long-Term Vision: The whitepaper contains multiple vague statements regarding the vision of the platform stating that the company aims to ” put trust back to the community to be able to give more and help more people around the world” and that “the possibilities for cryptocurrencies and blockchain for good are unlimited”. It is explicitly stated that beyond financial inclusion, transparency and accountability, the organization “ultimately wants to create social impact”. However, with these long-term goals do not necessarily align with the milestones set out on the roadmap.

TraXion project wants to fill the gap between existing financial systems and emerging technology which are not user-friendly as it could be. In order to do this, the project is representing a simple and secure platform to utilize banking system and doing payments which will reduce the cost of overall financial inclusion barriers. The company is going to launch the ICO to raise funds which they will use for further development of the platform as well as for scaling its business and add benefits in the projects so that participants get an reap utmost value of the system. Moreover, the profit portion will also provide to selected charities in the blockchain which are performing well through donor votes and scoring.

If you are looking for best ICO to invest then TXN ICO is a good option where you can invest to reap positive result in the future. However, checking ICO stats and ICO ratings is one of the efficient ways to verify the position of any ICO in the market.