Review of ICO TraXion

TraXion sets as the purpose creation of the cryptocurrency bank including all services and advantages of the existing banking system in combination with modern technologies. On this platform it will be possible to store means, to pay off with them, to take on credit, to invest or create campaigns for fund raising. Non-profit organizations and startups can develop now finding funds for the projects without excess bureaucratic red tape. 

TraXion has begun to create the platform before ICO start. And today 4 of 6 basic elements of the platform are already created.

• The platform for payments
• Personal purse
• The platform for accounting of the finance
• The platform on fund raising
• Shortly on them will open access for users that will give rise of development of the new banking system constructed on a blockchain.

The main objectives of the project are:

• Broad coverage of audience
• Disposal of intermediary structures
• Decentralization

Project innovations

• The movements of means will become simpler. In existing banking and payment service provider there is a set of shortcomings due to the lack of integration between all her members, closeness and opacity. At fee or attempt to take the credit to clients it is necessary to pass through paperwork in several instances, to have a set of accounts in different currencies and so on. The bank platform on a blockchain will help to solve all these problems. Except this TraXion will help to avoid the risks connected with roguish operations and clients receiving at the same time benefit from financing of payments
• The movement to poverty eradication. Digitization and decentralization of the platform will make a series of records of all of transaction every second which don't demand intervention. Thus TraXion limits corruption and will help to solve a poverty problem as on places and all people can have equal access to all opportunities and privileges. It isn't realistic to say a little that the blockchain will become the end of poverty as it is very extensive problem but disposal of corruption and open transactions will go to the benefit. Set of channels of receiving help
• The power of a blockchain is boundless. The charitable organizations will feel advantages of the automated "clever contracts". Various funds and certain philanthropists will see as well as where their means arrive that creates more trust in such system. System better and more perfectly it is possible to create a blockchain with use.

Token

Token type: ERC-20

In total it is made: 500 million tokens

On free sale: 50% of total (250 million)

Hard cap: 100 000 ETN

Course: 1 TXN 0,001 ETH is equal

Beginning of pre-sales: 5/1/2018 years

Development plan for the project

• Start of Blockchain Dev Hub (1 quarter 2017)
• Beginning of work of payment service provider (the 2nd quarter 2017)
• Beginning of network functioning of fund raising (the 2nd quarter 2017)
• ICO start (spring of 2018)
• Expansion of opportunities of a purse (summer of 2018)
• Start of a possibility of fund raising (fall of 2018)
• Cryptocurrency purse with support of different cryptocurrencies (the 4th quarter 2018)
• Peer crediting (the 4th quarter 2019)

Team of the project

Ann Cuisia-Lindayag the CEO with 20 years of an experience. Except work in the financial sphere long time I did also charity work.

Tamer Maher the executive director has passed a way from work as software developer to the vice-president.

Fernando Contreras the chief engineer has based a set of startups including Imperium group of companies. Enters a top of the most influential people in the sphere.

Act as consultants:

Nathan Christian International adviser blockchain of community.

Tyler Sanford - The international adviser a blockchain of community has deep understanding a blockchain industry and always looks for innovative ways. Today it was part 13 ICO, having collected 200+ million dollars in 7 years of work.

Rick Tapia (The international adviser a blockchain of community) is the branch expert in the business analysis the Blockchain platforms and their infrastructures with profound knowledge of processes of ICO from beginning to end.

Conclusion

Motives of this project give him certain credibility. Applying the idea of a simple and open financial system in the developing country the platform can expand till world scales.

 Links: 

 Official site: https://traxion.tech 

 Whitepaper:  https://traxion.tech/landing2/documents/[MAIN]%20Traxion%20Whitepaper.pdf 

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

 Telegram:  https://t.me/joinchat/EandoxC49ZowZjS6nEnusw   

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