Wednesday, July 25, 2018

TRAXION



The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is TRAXION

Traxion is a company that is driven by the goal of building solid infrastructure for its end-users. It uses a blockchain ready environment to impact the way people operate their businesses. They do this by fostering data integrity, transparency and accountability. Traxion offers scalable, legal and immutable services. And that’s not all! It also has the necessary tools and expertise to execute smart contracts, data visibility and attribution among businesses. As of now, the company is up for launching their latest innovation in the crypto economy- their smart token.
Furthermore, Traxion is a blockchain project that aims to create a bank type system within the blockchain. This bank will allow users to send, save, spend, lend and borrow cryptocurrency while keeping security and usability in high regard. Within the current banking system; fraud and unfair practices exist everywhere and so Traxion is trying to bring more power back to the customers and not the money hungry executives in today's traditional market.
Traxion has already started working on innovative products which include the payment platform, wallet, personal finance platform and fundraising platform. Cryptocurrency can be hard to understand and its educational barrier to enter is high, and so Traxion aims to create an easy to use and learn platform to get everyone involved and push the adoption of cryptocurrency and blockchain technology.
The opinion
They were really impressed the overall services of Traxion. Their Traxionwallet, TraxionChain and TraxionContract collectively work in the blockchain environment to provide scalable, simple and affordable solutions to the end users and conglomerates.
Why Traxion stands out?
Traxion Wallet- The Traxion wallet is probably the biggest innovations from the company. This combines their fintech and insuretech apps in a single ecosystem. The company then provides white-labeled wallets to the businesses that are looking to move their financial assets via tokenization of their existing currencies.
TraxionChain- With this feature, the company creates blockchain solutions that work on an inter-business level among closed networks. They offer personalized business solutions to the big companies that are looking to establish data integrity, asset tracking and interoperability.
TraxionContract- Traxion also applies smart contracts on their workflow for proper, consistent governance. This significantly enhances the integrity of information, improves the overall performance management and reduces corruption.
FEATURES OF TRAXION
We all are acquaint with the fact that international transaction system is really complex, slower and costly. There is always need of intermediaries for transactions in traditional banking system and it takes many days in processing of transactions. TraXion has moved forward to simplify the whole process and make it accessible to all people. Once the payment is made, it will be resistant to modification of data as instructions are provided through smart contracts on Hyperledger Fabric. By using TraXion platform, transactions will be global, border-less, cheaper, faster, audit able, smarter, agent-less and scalable.
WHY TO CHOOSE TRAXION?

• A small business owner can receive payment from person having no bank account. Mobile QR codes will be used to access Hyper TraXionWallet.
• In order to prevent fraudulent activities in online system, TraXion will use KYC process.
• TraXion advanced technological system will be helpful to reduce poverty. TraXion transparent system will eliminate the corruption as poor people will also have equally access to TraXion system.
• In traditional banking system, cross-border transactions require about 5 business days and its costly as well. TraXion system makes it simpler and fast and affordable.
• Currently, importance of Blockchain has been realized by existing and emerging industries and several efforts are being made for implementation. How vast is involvement of industries in Blockchain, have a look here?

Blockchain provides integrity among parties who don’t trust each other as Blockchain is resistant to modification of data, so it’s considered as the most reliable platform. Hyperledger is an open source blockchain that allows exchange of asset accessible to all involved parties. TraXion is using this technology and is ready to revolutionize the world.
ABOUT TraXion TOKEN
SYMBOL: TXN (ERC20 COMPATIIBLE)
TOKENS AVAILBE IN PRE-SALE: 40,000,000
PURCHASE LIMIT IN PRE-SALE: 0.50 ETH OR 500 TXN
PRE-SALE DURATION: MAY 1 TO 31ST MAY 2018
TOKENS AVAILABLE DURING CROWDSALE: 200,000,000
PURCHASE LIMIT IN CROWDSALE: 10,000 ETH OR 1,000,000
CROWD SALE DURATION: JUNE 15 TO 31ST JULY 2018
TOKEN PRICE: 0.001 ETH
HARD CAP: 100,000 ETH
Token Distribution

CROWDSALE : 40%
TEAM : 20%
RESERVE : 20%
PRE-SALE : 8%
COMMUNITY : 5%
REWARDS & BOUNTY : 3%
CSR : 2%
SEED : 2%
TOKEN STRUCTURE
TOTAL TRAXION TOKEN : 500.000.000
FOR TOKEN SALE : 250.000.000
EXCHANGE 1 TXN : 0.0005 ETH
HARD CAP : 60.000.000 USD
TOKEN ALLOCATION
PLATFORM DEVELOPMENT : 35%
BUSINESS DEVELOPMENT : 30%
LEGAL & COMPLIANCE : 20%
OPERATIONS : 15%
Traxion Bounties
3% of the entire token allocation is for Rewards and Bounty, which is a total of 15,000,000 TXN. Out of this, 7,000,000 TXN is allocated for Commission, 3,000,000 TXN for Affiliate Links, and 5,000,000 TXN is for the Bounty detailed above.
ROADMAP
Formation of Blockchain Dev Hub
Completed
TraXionHub.com is Manila’s hub for the development of blockchain solutions using hyperledger fabric technology that will also provide additional revenue stream for servicing other financial institutions moving to blockchain
Launch of Payment Platform
Completed
TraXionPay.com supports payment integration for merchants’ use. Kickstarted partnerships with various payment gateways and marketplace networks.
Launch of Fundraising Platform
Completed
Gavagives.com is an end-to-end fundraising platform that empowers non profit organization improve and manage their donors and donations seamlessly. Offers more than 20 payment options and user-friendly management dashboard with analytics.
Initial Coin Offering
April 2018
TraXion Wallet Capability
Q2 2018
Supports fund transfers using disbursement gateway and peer-to-peer transfers to prepare for full remittance solution. This will hold all 3 functions: payments, remittance and donations.
SMARTER Fundraising
Q3 2018
Enhancement of existing fundraising platform to apply smart contracts that will measure performance of nonprofit organizations through its giving score and blockchain analytics.
Crypto Trading on Wallet
End of 2018
Aside from payment, remittance and donation capabilities, TraXion wallet will launch cryptotrading facility supporting major cryptocurrencies like ER20, Ripple, NEM, etc.
Whitelabel Remittance Portal
Early 2019
To scale the business, a whitelabel solution for remittance business will be offered to existing agencies and brokers. Using Hyperledger technology, transactions will be faster, cheaper and more secured.
Peer-to-peer Lending
Late 2019
Wallet users will be able to lend to other users using TraXion KYC, Credit Score and Microfinance Solution.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time...
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Author : Maniecool
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995
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