Transforming Global Trade With AXenS

in #cryptocurrency5 years ago

AXenS Logo.jpg

Introducing AXenS

AXenS is bringing solutions to medium and small enterprises which banks are scared to lend money to. Aside lending for trade finance, AXenS is giving rise to transportation of goods from the buyer to the seller, using the possibility of blockchain to keep track of the goods until it gets to its endpoint. Lenders and borrowers will be matched in AXenS market, the borrowers are mainly small and medium scale enterprises from different regions worldwide, which are underserved​ by banks.

AXenS provides flexible, ​reachable, global and innovative trade finance which has a secure, ​instant, traceable chain management process with low risk and is very cost efficient. It can be said to be the most innovative B2B platform for distributed supply chain finance and distributed trade services.

Will AXenS take over the banks and competitors like Venchain, Eximchain, and Originchain?

AXenS' team is perceived as their greatest strength. The team is made up of leaders with years of experience in the business sector. The influence of the team members has given AXenS a strong alliance with reputable companies for both the technology and business side. The team is led by the CEO, Samson Assefa, who has 20 years financial experience in senior executive positions.

AXenS is going to transform the global trading scheme. It has a good advantage over banks in terms of lending as it serves a demography previously ignored by banks. Also, unlike the banks, the documentation process is not cumbersome. Notary services are automatic, transactions are made faster, there is no fraud risk, the ​cost is more appealing and the process is transparent, ease of​ tracking.

Revenue will be generated through various means like Subscription-based services, and interest on loans charged when the platform manager acts as a lender.

Token and ICO Details

The token powering the AXenS system is called the AXenS Token, represented by AXS. AXS has a total supply of 100 million tokens.

The AXenS token sale will run on the Stellar blockchain instead of being an ERC20 token on the Ethereum platform. This decision was made because Stellar is seen as being well respected and has recorded several successful ICO's. Another reason for going with Stellar is the fact that the Stellar blockchain has a decentralized exchange where tokens issued via Stellar can be easily traded. This is why AXenS will not need to be listed on a third party exchange before it can be traded.

The Pre ICO will begin on the 1st of April 2018 and run until the 15th of April 2018 while the Public Sale will run from the 16th of April 2018 until the 31st of May 2018. A total of 65 million AXS have been set aside for sale during the ICO period. Early users of the AXenS platform would be rewarded from a pool of 7 million AXS tokens set aside for that purpose.

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Initially, 1 AXS is valued at $0.5. Tokens can be purchased during the token sale period using XLM, ETH, BTC, LTC, or Fiat.

Tokens will be distributed a week after hitting the ​hard cap or end of ICO. All undistributed tokens after sales will be destroyed. Tokens received through bounty will be locked for one month and that of the team will be locked for a longer period of time.


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Authored by 23xfi
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ETH - 0x00889349Ca058116E6430Faf92FDa4fD7EC4f51e


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