What is Traxia (TMT)?

Traxia is a Cardano based project that will disrupt trade finance.

Traxia allows small midsize enterprises to trade accounts receivable, at a premium, to receive instant liquidity.

This is the first project built on the Cardano platform and its migration will be conducted by Emburgo, the investment incubator of Cardano.

What's up with the ICO?

At this time the ICO includes four presale rounds offering 40% of the total token supply for sale. The base price of the token is $0.15 and can be purchased with ETH or ADA.

The first round of presale is currently open and is offering 22% of the total supply at the maximum discount of 40%. This discount is available until March 18th and requires a minimum contribution of 10 ETH and limits individuals to a max 1000 ETH.

The second round of the presale runs from March 9th to April 9th and offers a 20% discount. The minimum contribution is lowered to .1 ETH (or ADA equivalent). This round is offering 18% of the total supply for sale.

It appears that the third and fourth rounds will sell any remaining tokens from the first two rounds at a 10% discount followed by no discount. If needed, round 4 would end on June 2nd. The max individual cap is lifted for round 4.

The hardcap of the token sale is $41.4 million and there is no soft cap.

According to the whitepaper a total of 60% of the total TMT tokens will eventually be sold to the public. According to the CMO Bruno Botelho the additional 20% will be sold to create additional capital if needed and they are unlikely to be sold within the first 3 years.

Unsold tokens will be burned.

The token distribution and fund allocation is as follows:

Tokens will be distributed at the close of the crowdsale, either when hardcap is reached or by June 2.

Team member, early investors, advisers and strategic partners will have 60% of their tokens locked for 12 months and the remaining 40% locked for 24 months. The treasury fund will also be locked for two years.

Marketcap & Token Supply

The project at hardcap would have a marketcap of approximately $41.4 million (400 million TMT) if no additional tokens are released at the time. In the current ICO environment the calculated marketcap is on the high side. The high amount of funding is required to properly fund the loan warehouse that Traxia is implementing.

The loan warehouse will allow Traxia to purchase accounts receivable and hold them until they are repurchased by a buyer. In the intial stages of the project the warehouse will play an important role in matchmaking and the prevention of bottlenecks for the ecosystem.

The total token supply is 1 billion TMT.

Exchanges

Traxia is one of the few projects that has announced a date for their token to appear on exchanges. TMT is scheduled to be available on exchanges starting June 5th.

Social and Hype

The TMT Telegram group has 1100+ members and reflects that this project is in the early stages of marketing. The Telegram is increasing in activity and team members including the CEO Tobias and CMO Bruno both appear to answer questions.

This crowdsale is not highly hyped at this time but it is expected to increase as the token sale builds momentum. This is the first project to build on Cardano and is backed by Emurgo, both of which should help to increase interest.

ICO Info Sheet

You came here for ICO information. Here it is in an easy to read format.

Overall

The accounts receivable industry is a $43 trillion/day industry. The team is valuing their project at 0.35% of this market (or $150 million). This is a project that can utilize blockchain to solve a real world problem and the ability for buyers and sellers to use FIAT will help with adoption.

This project is the first to build on Cardano and will act as the test case for Emurgo and their migration services. Emurgo (Cardano investment incubator) is also the lead investor in the seed round showing Cardano's confidence in the project.

We recommend doing additional research if this project interests you.

For more information visit:
Traxia Website || Telegram || Whitepaper || Bitcointalk Announcement || Bounty

This post is not investment advice. It is an overview of the Traxia tokensale metrics.