TRAXIA - The First Project to Migrate from Ethics to Cardano

Traxia Foundation is a decentralized liquidity network which utilizes smart contracts and a blockchain to improve trust, transparency and ultimately cash liquidity in B2B trading. Traxia intends to build upon the Cardano blockchain. Being the first project to migrate from Ethereum to Cardano. On any given day around the world, there are around $43 trillion sitting on balance sheets waiting to be paid. At the same time, many SMEs find it difficult to finance their production cycle, as most clients demand between 60 and 90 days to pay for goods from the date of delivery onwards.


There’s a solution called factoring which is a type of supplier financing, in which firms sell their credit-worthy accounts receivables at a discount and receive immediate cash, but this system is centralized and controlled locally by banks. Traxia envisions a system whereby a Seller uploads an invoice, Buyers approve it with their private keys, Issuing Providers write it into a smart contract, funds and professional investors distribute cash liquidity, and everyone meets in a decentralized marketplace to trade the newly created digital asset. Think of it as factoring on a blockchain.

Emurgo decided to invest in this ecosystem and Traxia, that already has a use case with Porsche in China, will launch their ICO by Swiss legislation.

THE PROBLEM

$43 trillion USD in accounts receivable at any given day
Banks only finance 7% of these short-term assets
Banks continue to argue liquidity problems to not finance SMEs
Small and medium-sized enterprises are stuck to negotiate with local banks
Trade Finance operations are expensive, bureaucratic and time-consuming

Banks rely on redundant paper trails and slow, non-transparent and centralized credit decision

THE SOLUTION

A decentralized global trade finance ecosystem
By using Blockchain we can offer fast, transparent and low-cost transactions
Invoices are converted into smart contracts and traded as short-term assets
SMEs are not dependent on their local bank to discount their invoices anymore
Sellers and Buyers continue to receive and pay in Fiat.
The only blockchain related effort is to input a private key

Our platform is robust in the inside but quite simple in the outside. A seamless UX experience for SMEs.

WHAT IS TMT TOKEN?

Traxia Membership Token (TMT) is the utility token issued by Traxia Foundation (Swiss law) that gives access to our ecosystem.
Each time an Issuing Provider adds a new invoice to the system, TMT has to be purchased at an exchange to settle access fees.

Traxia Membership Token (TMT) Sale

To fund the initial operation and creation of the Traxia platform, we will be offering the sale of TMT tokens. The supply of TMT is limited to a maximum of max. one billion (1,000,000,000) tokens in total, including those available for sale during the Token Sale. The tokens will be generated upon the token launch and will be distributed in the following manner:

70% of the tokens will be eventually allocated amongst the community.
Distributed in the following order 30% + 30% + 5% + 5%
20% will be allocated to the foundation creation, development team, early backers.
10% will be allocated to treasury with the purpose of providing TMT Liquidity if necessary as well as being a contingency fund. 

The Traxia crowdsale and the corresponding token creation process will be organized around smart contracts running on the Ethereum blockchain. Participants willing to support the development of the Traxia project can do so by sending Ether (ETH) and ADA tokens to the designated address. By doing so, they are purchasing TMT at the rate of 1 TMT per US$ 0.15 which will be sent to their ETH wallet after the sale. Any ADA and ETH that is send to the designated address will be converted to TMT at market rate of ETH, ADA to US$ each day during the sale at 12.30 pm (UTC+8). ADA, ETH that has been transferred within the 24 hours previous to 12 pm (UTC+8) on each given day during the sale will be included in the daily conversion and TMT distributed to the ETH address that has been provided by the purchaser. 

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