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Traxia

First Project Invested by Cardano Core Team

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.

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Benchy 3.4
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~$15,000,000
value of tokens sold in ICO
Trading
0.05 USD
From Gatecoin on 2018-09-24 05:20:07 UTC
Token
Price in preICO
1 TMT = 0.045 USD
Price in ICO
0.0550 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
None
preICO start
25th Mar 2018
preICO end
30th Apr 2018
ICO start
1st May 2018
ICO end
2nd Jun 2018
More on ICO
Report

About Traxia

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 the end of this month.

Traxia intends to build upon the Cardano blockchain. Being the first project to migrate from Ethereum to Cardano.

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ICO KYC Report
2 members invited
Tobias Pfütze
Passed
Florian Zeim
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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