The TraXion project aims to provide fair, secure and easy accessibility to finance for everyone. Its mission is to provide complete suite of financial services to the people who are unbanked or underbanked, by deploying blockchain technology and following a decentralized approach. However, this would be fully compliant with KYC and AML regulations.
The TraXion project has already launched 4 out of 6 planned products and services.
A. TraXionPay.com - A payment platform in the Philippines for non credit card holders
B. TraXionWallet - A digital wallet allowing non-profit organizations to transfer funds they have collected to their chosen bank account through a disbursement gateway
C. Personal Finance Platform
D. Gavagives.com - A leading fundraising platform in the Philippines for non-profit organizations, NGOs and charitable foundations to raise funds and manage their donors and donations in an efficient way
The TraXion project will be deployed on Hyperledger Fabric protocol, which is one of the fastest, most transparent, secure and least resource-intensive blockchain technology, thereby allowing TraXion to: -
A. Connect with more people and expand the network
B. Lower the cost of P2P lending and remittances
C. Maintain transparency with accounts involving non-profit organizations, NGOs and charitable foundations
D. Deploy smart contracts allowing people to create their own insurance policies and investments
TraXion PROJECT FEATURES
The remittance solutions offered by TraXion ecosystem provides the following features, by eliminating intermediaries and counterparties: -
- Borderless
- Cheaper
- Global (scale)
- Scalable
- Faster
- Auditable [Transparent]
- Agentless
- Smarter
TraXion Project (Securing) Partners
- IBM
- MasterCard
Further, TraXion will on-board around one million members of the "Seamanpreneurs Consumer Cooperative (SEACOOP)" co-operative group into TraXion Wallet, to provide access to digital membership payments, investments, life and other non-life insurance and remittances.
ICO REVIEWS
The TraXion project has received good ratings from reputed ICO tracking websites.
https://www.trackico.io/ico/traxion/ [Rating 4.8/5]
https://icobench.com/ico/traxion [Rating 4.6/5]
https://icomarks.com/ico/traxion [Rating 9.1/10]
TraXion (TXN) TOKEN
The TraXion (TXN) Tokens will be the utility token used on the TraXion ecosystem. The TraXion platform will be hosted on the Ethereum Blockchain Network and the TXN tokens will be ERC-20 compatible tokens.
TraXion ICO DETAILS
The initial TXN token generation is programmed by smart contract deployed on "Hyperledger Fabric" protocol.
Symbol - TXN [ERC-20 Token]
Maximum Token Supply - 500 million TXN
No. of Tokens Available for Sale - 250 million TXN (i.e. 50% of token supply)
Pre Sale
Token Pricing - 1 TXN = 0.00035 ETH
Start Date - 1st May '18 ||| End Date - 30th Jul '18
No. of Tokens for Sale - 40 million TXN
Crowd Sale
Start Date - 1st Aug '18 ||| End Date - 31st Aug '18
No. of Tokens for Sale - 200 million TXN
If the 40 million TXN tokens are not sold during the Pre Sale phase, then the remaining tokens will be sold during the Crowd Sale phase for the same price, but with no bonus offered.
TraXion TEAM
The TraXion team consists of experienced professionals who have been associated with brand names in the fields of blockchain technology, cryptocurrency, banking operations, banking compliance, e-marketing, technology, payment processing, AI, project management etc.
In fact, the management has already accomplished critical operational milestones, including having all the infrastructure in place to operate an electronic money platform for payments and donations.
The TraXion project is led by Ann Cuisia-Lindayag [CEO], who has got more than 20+ years of professional experience in the field of Information Technology and acted as an advisor to several women startup entrepreneurs.
Ann has co-founded GavaGives, an online crowdfunding platform in the Philippines which helps not-for-profit organizations and charitable foundations to go digital.
For more information on the TraXion team, please refer the following link: -
https://traxion.tech/#team-section
CONCLUSION
Thus, the TraXion project is one of the most promising projects conceptualized to make finance fair, secure and easily accessible to all, especially the un-banked and under-banked community, by using the blockchain technology and following a decentralized approach. In this way, the TraXion project aims to bring back community trust in building a better world for future generations and seeking to remove poverty.
For more information on the TraXion project, please refer the following links: -
*Website: https://traxion.tech/
*Whitepaper: https://traxion.tech/landing2/documents/[MAIN]%20Traxion%20Whitepaper.pdf
*Telegram: https://t.me/TraXionICO
*Twitter: https://twitter.com/traxiontoken
*Facebook: https://www.facebook.com/traxion.tech/
*Bitcontalk ANN Thread: https://bitcointalk.org/index.php?topic=3043553.0
*Medium - https://medium.com/traxion-tech
*Subscribe on YouTube - https://www.youtube.com/channel/UC7dCqbfGAc_-2VZ1ZvNv2IA
*Reddit - https://www.reddit.com/r/TraXion/
Published by:- 'Sameer S'
Bitcoin Talk Username:- samdude
Bitcoin Talk Profile:- https://bitcointalk.org/index.php?action=profile;u=1978491
Telegram ID:- @Sameer_R
Disclaimer: - Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.
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