Overview of ICO TraXion: development of the project and its Token sale
TraXion Project started its activity in February 2017, creating Blockchain Dev Hub. Then the TraXionPay.com was created to start working the payment system. At the same time the work on the organization of fundraising on the Gavagives.com platform begins. Already in May 2018 the first offer of coins to buyers was made. In the middle of the year it is planned to start the work of TraXion Wallet to transfer funds using the gateway for payments and peer transfers. After the ICO, in the third quarter it is planned to improve the work of SMARTER Fundraising on using developed intellectual contracts. By the end of 2018 the cryptotrading function with support of cryptocurrency of the following formats, such as ERC20, NEM, Ripple and so on, will be added to the purse. In the beginning of 2019 the tasks on scale of the platform will be solved and opportunities of money transfer in business sphere, also, with application of technology Hyperledger Fabric Blockchain conducted transactions will become faster, cheaper and safer. Then, by the end of 2019 there will be such opportunities to provide credits to users of each other inside the platform, like TraXion KYC, credit Score and Microfinance Solution.
Rating of ICO TraXion Project
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Token Sale
The TXN is a platform utility token that provides access to the platform, allows you to make payments, make transfers, receive and pay for credits, provides low commission fees at the level of 1-2% and receive your reward.
- Token: TXN
- Platform: Ethereum
- Standard: ERC20
- Total tokens: 500 000 000 TXN
- Available for Token Sale: 250 000 000 TXN (50%)
- Payment: ETH
- KYC: Yes
- Price ICO: 1 TXN = 0.007 ETH
- Hard-Cap: 50 000 000 USD
- The main stage of the ICO Sales: 01 August 2018 to 31 August 2018
- Team country: Ireland, Philippines
The system of bonuses was operated for the first buyers:
- 40% — 0 – 10 000 000 TXN:
- 30% — 10,000,001 – 20 000 000 TXN:
- 20% 20,000,001 – 30 000 000 TXN:
- 10% — 30,000,001 – 50 000 000 TXN.
The allocation of tokens is as follows:
The distribution of earned funds is as follows:
- 35% — Development and development of the platform;
- 30% — Business development;
- 20% — Legal support of the project;
- 15% — Operations.
The distribution of tokens in the amount of 5 000 000 TXN during the Bounty company on the sites promoting the project, the following:
• 20% — Content&Media;
• 20% — Signature;
• 15% — Facebook;
• 15% — Twitter;
• 10% — Translation;
• 8% — LinkedIn;
• 5% — Telegram;
• 5% — Reddit;
• 2% — Medium.
Conclusions
Time will tell how effectively and uniquely the project has managed to connect new technologies with the existing banking system. Already now the platform provides simple and affordable tools for the production of any payments in cryptocurrency, and after the ICO it will be a full-scale project, which will spread over the expanses of Southeast Asia and would offer the population, remaining without attention of banks, the wide range of services and to share with them the profit. This is a very attractive perspective for the platform and it can be achieved, as the presented documentation, according to experts, is developed at a decent level, conveys the basic concept, is properly structured and has sufficient Number of reference books. Also the basic web-site which provides all interesting information on each stage of its development is well prepared. These facts favourably distinguish this project from similar developments and increase the level of trust to it of potential investors and future users. See, read, make a decision. The choice is yours.
You can get more information about the project by the following links:
Website, White Paper, Github , Reddit, Medium,
Facebook, Twitter, Telegram, YouTube, LinkedIn,
ANN Author's account BitcoinTalk