Traxia

Traxia

TMT
Pre-ICO Start: 4/6/18 Pre-ICO End: 4/9/18

BMJ Score: 4.2

Market

Transparency

Team

Token

Adoption

Quick Summary

14 Investors read this
Traxia is a B2B trade finance platform that allows SMEs to access short-term funding by using their accounts receivables as collateral. Institutional investors can buy and trade this newly created tokenized debt securities on a global market. Traxia’s mission is to disrupt trade finance and help Small-Medium-Enterprises (SMEs) to improve their cash liquidity.

Investment Information:

  • How to invest: Register for their whitelist on their website, then use the addresses provided to send the proper funds (ETH). Make sure you send from your personal wallet and not an exchange. The simplest solution is to create a new wallet from https://mycrypto.com (never share your private key) and send your ETH from the exchange (withdraw funds) to this new wallet and then from this wallet to the Traxia address. Traxia will then send you the TMT to that wallet, i.e. the address is the same to send and receive
  • Discount: 20% discount off the price till April 9th, 10% from April 10th - 17th
  • Eligibility: Minimum investment is 0.01 ETH, any nationality can invest

Market: 4

  • $43 trillion USD in accounts receivable at any given day, banks continue to argue liquidity problems, Trade Finance operations are expensive, bureaucratic, and time-consuming
  • Traxia has a list of customers throughout their process. It starts with the seller then the buyer, issuing provider, luquidity provider, investor, and listing provider
  • You have to obtain a membership with Traxia to use their platform. It involves two types of access a) accessing the ecosystem through Issuing and Listing services and b) membership fee on a per transaction basis to be settled in Traxia Token (TMT). However, sellers and buyers will continue to receive and pay in fiat currency

Transparency: 4.3

  • The Traxia ecosystem allows those short-term assets to be digitized, tokenized and ultimately to be tradeable in a decentralized market. Traxia envisions a system where Sellers upload their invoice, Buyers approve it with their private keys, Issuing Providers write it into a smart contract, Liquidity Providers distribute cash liquidity, Listing providers manage the marketplace and Investors trade the newly created digital assets. Think of it as factoring on a blockchain
  • Poor website (slow and sometimes unreadable), roadmap not too detailed or clear, beta version launched, claim to have early backers
  • Token supply will be distributed 60% in the pre-sale and main sale, 10% treasury for emergency fund & legal fees-subject to a 2 year lock up, 5% bounty program -distributed to developers for backing the project over first 2 years till profitability, 5% advisors, 20% team members, early backers, investors

Team: 5

  • The CEO, Tobias Pfutze, is a proven entrepreneur who started his own Fintech company right out of college. His leadership and expertise lead him to be a delegate at the 2016/2017 G20 Young Entrepreneurs Alliance. The CTO has a masters in Computer Science, worked with multiple big data and IOT projects, and is responsible for all blockchain/ smart contract development. Traxia provides great descriptions of each of their well-qualified employees on a blog. The team is well structured and experienced in both tech and finance
  • The team is very transparent concerning their backgrounds and qualifications. The top dogs have proven track records in financial services fields. which requires a great deal of trust from clients and those who trust you with their money
  • Team Members

  • Tobias Pfütze (LinkedIn)
  • Florian Zeim (LinkedIn)
  • Jean Michel Lied Lied (LinkedIn)
  • Bruno Botelho (LinkedIn)
  • Sebastien Cheng (LinkedIn)

Token Mechanics: 4.2

  • 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
  • Membership access to this ecosystem (TMT) is only secure if it is written into a blockchain. If in fiat, someone at some point could not recognize that your membership ever existed, increase the number of Memberships without your knowledge or even fake "Traxia membership cards" Fully decentralized
  • Max token supply of 1 billion, potential to issue more to the public in the future (from advisor, treasury, or team member/early backer sections) Beta has been launched but is in limited use

User Adoption: 3

  • Backed by world-renowned accelerator fund SOSV, but no one else really
  • Significant buzz for Traxia, top article has almost 800 shares and the ones below it are not that far behind

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