Can you imagine a platform with a structure similar to a bank but with a better system and a complete service? Does it seem impossible? TraXion is real and so are the services. This platform is created not to replace the bank but to elevate its functionality to a higher level. With the basic concept of a peer-to-peer relationship and to focus more on the social impact rather than the financial, it is hoped that more people will be encouraged to join and help others. After all, that’s how you are going to achieve global harmony and peace, right?
Addressing Some of the Issues
If you take a look at this platform, you see that they have so many different services to offer – from payment and wallet to fundraising activities. It’s not because the people behind TraXion are ambitious. It is more to the idea of creating a one-stop-service where you can enjoy various services without having to go elsewhere. Don’t you think it would be more efficient and it saves a lot of time and efforts?
By adopting blockchain technology and cryptocurrency, this platform believes that they can deliver tons of positive outcomes. For a starter, they create an easy, simple, and fast payment system where users can send and receive money in a matter of seconds. Just create the wallet and you should be able to send or accept payments. Second, they create peer-to-peer lending programs, focusing on those unbanked people. Believe it or not, there are still 700 people not getting the chance to financial sectors or aid. With this peer-to-peer program, users can help each other.
You can also find the fundraising program. Anyone can donate but they are also able to set the conditions. They simply send the money to the wallet, where it will be secured by escrow. When they find an organization, individual, business, or institutions meeting the conditions, the money can be released and given to the recipient. A trustless ecosystem and community are possible when it is backed up with the right technologies.
Screening for TXN Tokens
Since this token will be the main currency of the platform, not everyone can buy them. This is specially applied to investors. During the sales event, investors will have to go through KYC checking and AML verification. TraXion is trying to create a platform that is free from frauds, scams, and corruptions, so they are screening their investors and members. They are trying to protect users and the system by applying different kinds of technologies that would strengthen the core.
The development team plans on releasing 500 million tokens, and half of it (250 million) will be dedicated to token sales. During the pre-sale event, which takes place from 1st to 31st of May 2018, 40 million tokens will be sold. The bonuses may vary from 40% to 10%. During the crowd sale, which takes place from 1st of Aug to 31st of Aug 2018, 200 million tokens will be sold, but without any bonus. Any interested investors should contact customer support if they want to learn more about TraXion.
|Crowdsale Opening Date||
236 days ago
|Crowdsale Closing Date||
206 days ago
Burton Crapps-Fintech Advisor
Formation of Blockchain Dev Hub-Completed
Launch of Payment Platform-Completed
Launch of Fundraising Platform-Completed
Token Sale-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