TRAXION
ABOUT TRAXION
TraXion is building an ecosystem where all data integrity, accountability, transparency and trust.
Our solution is a smart contract-enabled blockchain platform that is scalable, immutable, transparent and permissioned.
TraXionWallet
Enables remittances, P2P lending and donations, along with data analytics and a rewards system. We provide white-label wallets to organizations who want to move financial assets at zero cost through tokenization of their local currencies.TraXionChain
Creates customized business solutions on the blockchain for conglomerates requiring interoperability, data integrity and asset tracking within their supply chain.TraXionContract
Applies smart contracts to guarantee complete transparency and integrity of information, improved performance management and reduced wastage and corruption.
TraXion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. It is an environment where for-profit meets non-profit sectors and develops a synergy towards corruption-free social impact activities. There are start-ups of trying to focus on economies of scale, which is one of the main advantages that advanced technologically advanced.
Traxion plans to offer traditional financial products in a blockchain-driven environment, eventually becoming the crypto-economy for payments, peer-to-peer lending, remittances, savings, insurance, investments, and philanthropy.
Traxion has launched several of its products and services to prepare for its exciting event of involving the crowd in its mission. Traxion plans to have a positive infrastructure in place prior to the initial coin offering (ICO). To date, TraXion has built four (4) of the six elements in the proposed economies of scale: Payment Platform, Wallet, Personal Finance Platform and Fundraising Platform. These four platforms will soon be on TraxionChain - connecting people to effectively transact payments, lower the cost of peer-to-peer lending and remittance, transparently account for philanthropic activities of non-profit organizations and enable insurance and investments processed more efficiently using smart contracts .
ACHIEVEMENTS
Built Fundraising Platform
GavaGives.com is an end-to-end fundraising platform under Gava Technologies Inc. that empowers nonprofit organization improve and manage their donors and donations seamlessly. It offers more than 20 payment options and user-friendly management dashboard with analytics.
Launched Payment Platform
TraXionPay.com: One of the latest budding payment integrators in the Philippines, enabling more payment options for non-credit card holders. This newest product focuses on user experience of both merchants and consumers. It has an easy onboarding process for merchants and a more seamless payment experience for consumers. It allows for merchants to send and receive payments easily using more than twenty (20+) payment options. Powered by known payment gateways in the country, TraXionPay adds value in the integration point and in the payment experience.
Launched Wallet – whitelabel version
TraXionWallet is currently used as a white-labeled solution of Gavagives.com (see screencap below). This wallet currently enables transfer of funds collected by non-profit organizations to their chosen bank account through a disbursement gateway. The same wallet enables users to see all donations listings, data analytics and other reports.
The same wallet structure will be rolled out soon as part of TraXion Systems and thus will be called HyperTraXion Wallet. Such wallet will hold also payments and remittance functions
INITIAL COIN OFFERING (ICO)
During the initial coin offering (ICO), the company will issue virtual currency tokens called TraXion Tokens (TXN) on the blockchain operated by a smart contract. The tokens for sale are on Ethereum network using ERC20 protocol.
We have chosen to do initial coin offering instead of alternatives ways to raise money because an initial coin offer not only allows us to onboard participants from different regions but also to incentivize them to promote TraXion’s products via affiliate and commission. Second, tokens provide liquidity since they can be traded on various exchanges after the ICO.
TOKEN SALE SUMMARY
TraXion is building a blockchain to last by focusing on scalability, elimination of middlemen and decentralization of legacy systems. We will raise initial funds to achieve these goals through a token sale for our TraXion token (TXN).
Rewards and Bounty
3% of the tokens (15,000,000 TXN) will be used for a bounty program. 7,000,000 TXN is allocated for commission, 3,000,000 TXN for affiliate links, and 5,000,000 TXN is for the bounty detailed below.
ROADMAP
As geared towards being the complete bank in a distributed network, TraXion aims to develop features that would be beneficial for all financial needs and services the users of the platform will be looking for. To make this happen, 35% of the total fund allocation (detailed in the latter portion of this whitepaper) will be consumed for platform development, which involves further improvements of the token utility.
Formation of Blockchain Dev Hub (early 2017)
Launch of Payment Platform (mid 2017)
Launch of Fundraising Platform (mid 2017)
Initial Coin Offering (May 2018)
TraXion Wallet Capability (Q2 2018)
SMARTER Fundraising (Q3 2018)
Crypto Trading on Wallet (end of 2018)
Whitelabel Remittance Portal (early 2019)
Peer-to-Peer Lending (late 2019)
More Information :
Website : https://traxion.tech/
Whitepaper : https://traxion.tech/
Telegram : https://t.me/TraxionICO
Medium : https://medium.com/traxion-tech
Facebook : https://www.facebook.com/traxiontech/
Linkedin : https://www.linkedin.com/company/traxiontoken/
Author: yantiaryan
Profile: https://bitcointalk.org/index.php?action=profile;u=1445306
Eth: 0x2A50375573A1B9A65De13dC27c6A25FC778d5512