Traxion  - Frictionless with the Banks, Borderless for the People

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Introduction
TraXion is building an ecosystem where everybody can work together for the common good by enforcing data integrity, accountability, transparency and trust.
TraXion aims to fill the gap between the existing financial system and emerging non-user-friendly technologies by presenting a secure and simple way to use payments and banking architecture that aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Through the planned integration with MasterCard Service Provider, we will build the wallet that enables our user to store or transfer money to any card in the world. The sender and the receiver transact in the local currency and needs no awareness of cryptocurrencies or blockchain technology behind.
The vision of TraXion is different; we are focused on building an ecosystem where businesses will be very friendly for the common good. Imagine a world where for profit businesses meets non-profit organizations into one whole crypto economy mutually benefitting borderless and frictionlessfinancial transactions
MARKET OVERVIEW
Current Blockchain Market
This market is quickly emerging and a lot of industries are realizing the importance of blockchain in the changing times and requirements of businesses and communities. This is the illustration of how vast the involvement of several industries and the dynamics that go with it.
Platform Features
Today, making international payments in developing countries can be costly, laborious and error-prone, with transactions in different currencies often requiring multiple intermediaries and taking days or weeks to complete. TraXion payments system is intended to simplify the way funds are exchanged around the world, and to reduce settlement time from days to seconds. Each payment is immutable once recorded, and settlement instructions are provided via smart contracts on Hyperledger Fabric.
The elimination of intermediaries and counterparties will naturally make any financial transaction getsthrough the network faster and cheaper.
●Borderless
● Cheaper
● Faster
● Agentless
● Global
● Scalable
● Auditable
● Smarter
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 Distribution
The initial generation of TraXion is programmed by a smart contract running on Hyperledger and will be distributed as follows:
  • 50% of tokens (250,000,000 TXN) will be allocated to token sale contributors and will be transferrable when crowd sale ends;
  • 20% of tokens (100,000,000 TXN) will be allocated to the team and will be locked by the smart contract for 12 months;
  • 5% of tokens (25,000,000 TXN) will be allocated to the community to incentivize developers, partners, strategists, and other members of the community who wants to leverage TraXion network to build new products and partnerships.
  • 20% of tokens (100,000,000 TXN) will be allocated to TraXion’s parent company, Pluma Technologies Ltd, and will be held as a provision for future expenses, partnerships, business development, marketing and strategic acquisitions. Depending on future developments, a portion of these tokens could be allocated towards the reserve funds. Tokens will be locked by the smart contract for 12 months;
  • 3% of tokens (15,000,000 TXN) will be used to eventually create a bounty program. Unused token will be reallocated back to the reserve
  • 2% of tokens (10,000,000 TXN) will be allocated for corporate social responsibility (CSR). It will serve as a grant given to its trusted charity donation platform gavagives.com to be used for rewards program. Tokens will be issued to both donors and charity organizations based on certain conditions that will be stipulated in a smart contract. Conditions will be generally based on contribution (donors) and performance (charity org).
Fund Allocation
Initial funds will be poured out on adding more Hyperledger developers to complete more projects simultaneously to roll-out immediately to the market. TraXion is in the process of securing and finalizing partnerships with MasterCard and IBM. Currently, there are ongoing partnership contract reviews with 3 major banks in PH and 2 remittance companies.
Token Sale Period Mechanics
During the pre-sale, the bonuses per tier vary in token supply, whereas there will be four tiers. 10,000,000 (ten million) TXN will be available for sale for each bonus tier. The entire pre-sale will have a total token allocation of 40,000,000 (forty million) tokens
Start of Pre-sale: May 1, 2018
End of Pre-sale: May 31, 2018
Start of Crowd Sale: June 15, 2018
End of Crowd Sale: July 31, 2018
The pre-sale period will have a duration of 4 weeks. Main sale will have a duration of 6 weeks. Tokens unsold during the sale will be used for future sales.
Token Price: 0.001 ETH
Hard Cap: 100,000 ETH
Assuming 40,000,000 tokens are purchased during the presale, the total supply available during the sale will be 200,000,000 (two hundred million) tokens. Anything exceeding this supply will apply the base price of 0.001 ETH/TraXion Token.

For More Information :
Author Bitcointalk Profile : Tirta1
ETH Address : 0x14DC29488c379Fa0f1f0D9E4B581025797F02c04

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