The Swiss trade non-profit Association Traxia is the first company to launch its own ICO cryptocurrency on the Cardano platform.
Traxia will use smart technology Cardano, which will allow Traxia provide more reliable ideas for more effective decision of tasks of management and security.
Traxia aims to convert unpaid invoices into smart contracts that can be sold for short-term assets, allowing traders to Fund the continuation of the business while they are waiting to pay bills.
The first ICO project on the market, built on the basis of Cardano, which solves the problem of access to financing for small medium-sized businesses. At the moment, about 43 trillion dollars exists in the form of unpaid bills, which negatively affects the cash flow of small and medium-sized businesses. Companies are forced to accept the conditions of major players to survive in the market. The average waiting time for payment in the current market is usually 60 days. Traxia solves this problem with LiqEase: a transparent platform for trading accounts for small and medium-sized businesses.
The technology works as follows: when providing all necessary accounts and documents, LiqEase turns assets into tokens that are traded on their platform. This scheme, known as factoring, allows investors to purchase accounts at a discount (usually around 5%), and small and medium-sized business owners now do not have to wait 60 days to receive payment and increase the liquidity of their assets.
The use of blockchain in the project is due to the fact that Traxia creates an ecosystem where all the necessary supporting information is stored on the blockchain, access to private information depends on the level of access, and the terms of payments, trade and asset allocation are included in smart contracts.
- Sellers in need of working capital replenishment, the role of which is often played by SMEs.
- Buyers, most often a large Corporation, which usually has a higher credit rating than the seller.
- Investors - a person or organization that invests money in financial products, assets, etc.with an expectation of profit.
- Providers - technology providers that install and maintain the platform Traxia, arranging the processes of loading and validation of data on business and trade by combining widely used web-based technology with a modern infrastructure and the blockchain, making it clear and transparent to the three previous categories of ecosystem participants Traxia.
- Listing providers, party platforms, which carry out control over compliance of securities on the platform specified conditions and requirements.
It was created by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of BitShares and Ethereum, and aims to run smart contracts, decentralized applications, side chains, multi-party computation, and metadata.
The Ada cryptocurrency operates on its own blockchain called the Cardano Settlement Layer (CSL). The CSL is an accounting layer and supports ledger transactions. A second layer called the Cardano Computation Layer (CCL) will support smart contracts and decentralised applications. This multi-layer architecture allows for easier updates via soft forks than Ethereum does; in Ethereum these two layers are intertwined. Side chains are used to connect transactions between the CSL and CCL.
The open source Cardano blockchain is subjected to rigorous analysis by scientists and programmers in the academic community. Cardano is built in the Haskell code. Haskell uses a mathematical approach that provides a much safer and more reliable Protocol. Cardano Protocol is designed to protect the rights to privacy of users, as well as taking into account the needs of regulators. At the same time, Cardano is the first Protocol that balances these requirements in a subtle and effective way, an innovative approach to cryptocurrency.
Three organizations support Cardano in its development and improvement. Cardano Foundation supports the platform by promoting Cardano to a large community, teaching the community a culture of handling cryptocurrency and working with regulation. IOHK is engineering-developing organization for technology Cardano. Emurgo is working to integrate the platform with companies, and also invests in start-UPS.
The LiqEase core team holds deep expertise in launching and executing digital projects successfully for large corporations or independently. The team gathers a variety of knowledge in various disciplines such as digital platforms, fintech, FMCG, supply chain management, software engineering and others.
For the development of the project, Traxia team released 1 billion TMT tokens and holds the initial offer of TMT tokens. 600 thousand tokens are offered for sale at the price of 1 TMT= $0.15. Tokens are sold for ETH and ADA. There is a bonus program for early buyers.
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Hey @iraru, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
Thank you!
Do not miss this opportunity
Something new interested me that the project on the blockchain of Cardano
Интересный проект, отличный обзор! Стоит задуматься об участии в этом проекте
excellent article, well done author, and interested in the project!
Перспективный проект, надеюсь на успешное развитие проекта.У Вас лучшие статьи!
Yes, now I am intrested in this project. Well done, iraru!
I am interested in a good overview, I am already an investor.
Ирина, молодец! наконец я понял идею этого инвестиционного сюжета!
nice. This is why I love Steemit. I get updated on some quality news like this one !
Good job! thank you
Добротная работа!
nice review
Very interesting project
Серьезный проект, очень меня заинтересовал.Классно написанно!
That's something new, Cardano doesn't launch itself and it is announced project launching on Cardano.Quite interesting :DDD Thanks for bringing to our attention
It is the actual project because all of us want to take profit, but most of us can't trade on exchanges
Также читал статью на русском языке, проект показался мне довольно интересным и перспективным, нужно будет взять на заметку для портфеля.
Good article, I'm very interested in this project, I will participate! Thanks for the info)
Friends, join. The project really is a fire! I'm waiting for a good profit
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STOPthank you very much for the review
I need to invest a little bit of my money in it
It was very interesting and informative to get acquainted with the project. I'll go to their site, read more.