TraXion - The Token that makes Finance Fair and Accessible for All

Hello my crypto friends, Today I will talk about a very exciting ICO project. I will discuss how TRAXION is building an ecosystem where everybody can work together for the common good by enforcing data integrity,accountability, transparency and trust.

But before I go into the full details of the project, it is so glaring that in our world today the first generation of the digital revolution brought us the Internet of information. The second generation powered by blockchain technology is bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.

Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind.

In this sea of innovation and new technologies there are visionary projects that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market. The TraXion token (TXN)

ABOUT TRAXION

TraXion is building an ecosystem where everybody can work together for the common good by enforcing data integrity,accountability, transparency and trust. Our solution is a smart contract–enabled blockchain platform that is scalable, immutable, transparent and permissioned.

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.


Vision

To provide an easy and secure banking and also financial service for global wide use.

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.

SOLUTION PROVIDED BY 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.

THE UNIQUENESS OF 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.

TOKEN AND ICO DETAILS

Symbol: TXN

Token type: ERC20 COMPATIIBLE

Total TraXion Token: 500,000,000

For Token Sale: 250,000,000

ExchangeToken Price: 0.0007 ETH

Hard Cap50,000,000 USD

CROWD SALE DURATION: JUNE 15 TO 31ST JULY 2018

Token Distribution

CROWDSALE : 40%

TEAM : 20%

RESERVE : 20%

PRE-SALE : 8%

COMMUNITY : 5%

REWARDS & BOUNTY : 3%

CSR : 2%

SEED : 2%

FUNDS ALLOCATION

PLATFORM DEVELOPMENT : 35%

BUSINESS DEVELOPMENT : 30%

LEGAL & COMPLIANCE : 20%

OPERATIONS : 15%

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.

For more information, please visit the links below;

WEBSITE: https://traxion.tech/

WHITEPAPER: https://traxion.tech/documents/Traxion%20Whitepaper.pdf

FACEBOOK: https://www.facebook.com/traxion.tech/

TWITTER: https://twitter.com/traxiontoken

TELEGRAM: https://t.me/TraXionICO

MEDIUM: https://medium.com/traxion-tech

YOUTUBE: https://www.youtube.com/channel/UC7dCqbfGAc_-2VZ1ZvNv2IA

GITHUB: https://github.com/traxioncoin

REDDIT: https://www.reddit.com/r/TraXion/

Author: BrainerdPaul

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409

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