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Ratings TraXion

Transitions You To A Crypto-Ready Society

Using the latest IBM Hyperledger Fabric technology, we provide seamless integration and connectivity among networks, businesses and people. Traxion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. It is an environment where for-profit meets non-profit sectors and develops a synergy towards corruption-free social impact activities. There are start-ups trying to focus on a niche and would not take advantage of economies of scale, which is one of the main advantages enjoyed by traditional financial institutions that may not be as technologically advanced. Traxion plans to offer traditional financial products in a blockchain-driven environment, eventually becoming the crypto-economy for payments, peer-to-peer lending, remittances, savings, insurance, investments, and philanthropy.

4.3
30 29 expert ratings
Benchy 3.5
KYC
Experts
4.6
4.5
4.3
Review: coming soon PRO
Unknown
Token
TXN
Type
Price
1 TXN = 0.0007 ETH
Bounty
Platform
Accepting
ETH
Hard cap
50,000,000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
Visit ICO website
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast
Rated on Jul 9, 2018
Modified on Jul 9, 2018
3
1
1
5%

A strong dedicated and numerous team, interesting project. But there are so many "wallets, payment platforms..." etc so there should be a precised competitive analysis in the whitepaper. Financial and business planning should be enlarged in the WP, just a few final numbers are not enough. I dont see if mvp available

+8Agree
+8
Disagree
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Vladimir Nikitin

Rated on Mar 24, 2018
5
5
5
5%

Really interesting using of blockchain, with a strong team

+10Agree
+8
-2Disagree
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Hung Chih (Jason Hung)
Fundraising, China scaling, Project promotion, Government and Investor relation
Rated on Mar 29, 2018
4
5
5
5%

Some team member missing profile. But really a strong and mature team. Good luck!

+1Agree
-2
-3Disagree
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Mofassair Hossain
CEO and Founder Perhalic, ICO and IEO Advisor, Investor, PR and Marketing Expert
Rated on Apr 12, 2018
5
5
5
5%

Great team ... very interesting ideas .... best of luck team ...

Agree
-2
-2Disagree
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Krutesh Shah
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker
Rated on Aug 7, 2018
5
5
5
5%

Team - strong, experienced and with relevant expertise.
Vision - interesting idea that is among the few projects that utilise Hyperledger.
Product - already live several elements of the ecosystem, including: Fundraising Platform, Payment Platform.

Agree
-1
-1Disagree
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James Sowers
Ico adviser
Rated on Mar 20, 2018
5
5
5
5%

Great to see the hyperledger finally being used to bring value to the blockchain!

Agree
-1
-1Disagree
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Nikolay Shkilev
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Mar 13, 2018
5
5
5
4%

Strong team!
Good vision and product.
Good luck, guys!

+9Agree
+8
-1Disagree
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Purushotham Maralappa
Consulting Manager at Emurgo, Blockchain and Tokenization advisor
Rated on Apr 3, 2018
5
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
P.B. Stanton Esq.
Securities and Banking law | Former US Marine JAG Officer | Complete legal advisory
Rated on Mar 26, 2018
5
5
5
4%

First class team! Very impressive vision

+2Agree
+2
Disagree
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Yaroslav Belkin
Ex Cointelegraph and NewsBTC Media Group | Founder and CEO at Belkin Marketing
Rated on Jul 26, 2018
3
2
2
4%

Team surely look bold, concept does sound interesting. But only if you are new to this niche. There are just so many other platforms that sound all too similar! Why does not your WP explain clearly how are you different from those? Why does your marketing not position yourself clearly apart from all of the competition, successful competition that is out there?!
And you could start by introducing the Alpha version of your solution. The best way to show the world that you are serious about your project.

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0
Disagree
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Irina Nikitina
Lawyer
Rated on Apr 8, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Dennis Oosting
Founder of Serendipity Blockchain Solutions
Rated on Jun 15, 2018
Modified on Jun 15, 2018
4
4
3
3%

TraXion wants to launch a way to make cryptocurrency a day-to-day thing, by means of payments and trading. Using their wallet and smart-contracts, the team is hoping to enable more trustworthy relationships in the world of cryptocurrencies, encouraging usage of cryptos in almost everything in our daily lives.

There is no product yet and they aim to be fully launched in late 2019, this is one heck of a period where a lot can happen.

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0
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Richard Kastelein
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency
Rated on Mar 13, 2018
5
5
4
3%

Great team - more women-led projects are needed in this space. Use of Hyperledger is novel and nice. They will likely see more support from incumbents in the financial world with use of Hyperledger. Good whitepaper.

+3Agree
+2
-1Disagree
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Toomas Allmere
Co-Founder at the Crypto BrainTrust Syndicate (CBTS) - cbtrust.co
Rated on Mar 24, 2018
5
5
4
3%

Each year businesses send about $150 to $300 trillion for payment across national borders. Fees for those transactions average around 10%, and the money transfer takes about two to five business days. Similarly discouraging, financial institutions currently spend about $500 million just to keep up with KYC and AML regulations.
For the past couple of years, there has been an extraordinary amount of hype around the potential of the blockchain or distributed ledger technology (DLT) to transform the banking industry. The reason for this hype is DLT has given us the opportunity to profoundly transform the financial industry.
The Traxion project aims to be a better bank enabling its community to load, send, save, spend, lend, borrow and even more using a secure, simplified yet compliant application. It is an environment where profit targeted sectors meet non-profit sectors.
Traxion plans to offer traditional financial products in a blockchain-driven environment, eventually becoming crypto-economy for payments, peer-to-peer lending, remittances, savings, insurance, investments, and philanthropy.
The Traxion platform uses the latest IBM Hyperledger Fabric technology to create a permission-based distributed ledger. This new technology allows for easy, frictionless yet enterprise-grade solutions for industries that need to comply with data protection regulations.
To date, Traxion has built four of the six elements in the proposed ecosystem: Payment Platform, Wallet, Personal Finance Platform and Fundraising Platform. These four platforms will soon be on TraxChain – connecting people to effectively conduct payments, lower the cost of peer-to-peer lending and remittance, transparently account for philanthropic activities of non-profit organizations and enable insurance and investments processed more efficiently using smart contracts. Moreover, an integration with Master Card Service Provider is planned, that will enable a user to store or transfer money to any card in the world. The sender and the receiver will transact in the local currency and there will no need for any awareness of cryptocurrencies or blockchain technology behind. The whole project goal is to bridge the gap between the new difficult to use cryptocurrency technologies and traditional finance systems.
Traxion is well on their way to providing a complete new banking solution for everyone. The Traxion ecosystem is also a party to the Seamanpreneurs Consumers Cooperative, an organization that promotes financial literacy and business activities among its Filipino seafarers community that totals up to one million. Traxion will provide the SeaPay Wallet which is exclusively developed for the benefit of the cooperative. It gives its users simplified yet secured access to financial services.
Further to this, Traxion project entered into partnership with the Union Bank of the Philippines and the digital platform provider GlobalLinker to help local micro, small and medium enterprises make online transactions. The Traxion project onboarded flexible healthcare (BayaniHealth) and life insurance (Azurrance) service providers as partners to further aid this mission.
The Traxion Token (TXN) will be issued on the blockchain operated by a smart contract. The TXN ICO Pre-Sale is set to open on May 1, 2018, with 250M tokens being offered for crowdsale that will start on June 15, 2018. From this amount, 10M tokens are allocated for private sale with maximum 50% discount and 40M tokens will be available on pre-sale. TXN is a token that will allow users to access the service provided by the TraxionChain platform. The TXN token does not have the legal qualification of a security since it does not give any rights to dividends or interests.
Funds raised will be given as a grant to GavaGives Foundation Inc., a foundation situated in Southeast Asia to facilitate the development of Traxion’s ecosystem.
After the ICO, the Traxion project is going to move to various countries within Southeast Asia and replicate the partnerships made in the Philippines. Emerging countries with high percentage of unbanked population will be prioritized, then the rest of the world.
This is really a challenging project. The idea to pull together traditional financial products, blockchain technology and cryptocurrency is understandable. There is a clearly defined and understood business idea - to develop a platform where profit businesses meet non-profit organizations into one whole crypto economy mutually benefitting borderless and frictionless financial transactions.
The WP does a good job of transmitting the main concept across and there is a lot of background information to provide a backdrop to the reasoning behind this project. It is properly structured with a well-divided index and a classic format. It is not exaggeratedly long neither is it oversimplified. However I found some discrepancies in it, e.g. in the token sale table there is a target ICO amount of 94M USD, whereas on the following page the WP says that the Hard Cap is 60M USD. The website has a simple structure and a menu of options that allows everyone to keep investigating about this ICO. Unfortunately, it is offered just in English. The website contains a lot of facts and information, much like the WP. These illustrate the case at hand and why a solution is needed. There is a roadmap in the website and WP, explained in a clear way and it has detailed information. The website lists a professional core team and advisors of 23 persons with security, blockchain, legal, finance, marketing and commercial expertise. A brief bio is displayed with every photograph but not all persons have a link to LinkedIn profiles. This is really important for knowing who is behind the ICO. Nowadays any blockchain project can succeed only when it is supported by a sufficient number of people. The number of participants in the Telegram chat - 42 members, Twitter - 419 followers, Facebook - 519 followers. This ICO does have a presence on Reddit and GitHub. These figures are inadequate, therefore the team should spend time thinking about Social Media and how to expand the company’s reach through as many outlets as possible.
I think Traxion is an amazing project that really stands out among ICOs. As long as the market sentiment is strong, Traxion platform should do well out of the gate.

+5Agree
+5
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Arturas Svirskis
Listing tokens to 50+ exchangers, Market Making services, ICO and STO advisory
Rated on Mar 21, 2018
4
5
5
3%

Team: The team is strong and competent enough (looking at LinkedIN profiles and their experience) to create the product; however, lacks well-known industry experts

Vision and Product: Very interesting idea which will create "flexibility" in handling the complex processes.

So far the communities are not very active e.g. only 700 people on Telegram channel. Need to create more buzz and hype among potential investors.

+1Agree
+1
Disagree
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Artem Kharchenko
Advisor, IT entrepreneur, information security expert.
Rated on Mar 26, 2018
5
5
5
3%

Interesting project. Let's see what will come out of it.

Agree
0
Disagree
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Dean Karakitsos
Founder of Bloqchain Science | Co-founder of Bloxy.info | Co-founder of Qrypton.io
Rated on Mar 22, 2018
Modified on Oct 4, 2018
5
5
5
3%

Strong Team: ★★★★★
Vision: ★★★★★
Product: ★★★★★

Traxion is a financial institution in the interchange where for-profit meets non-profit, where banking as we know it meets blockchain.

Designed, on Hyperledger Fabric is creating a chain of banking services and promising because of the design a synergy towards corruption-free social impact activities.

Based on the concept of a White Label Bank that can be deployed and adapt not only to existing "systems" and societies but for the rest of the world as well!


Conclusion: Solid Five ★★★★★ Project

\\*This is not a due-diligence of the above mentioned project/company or shows a method measuring the viability of this idea in the market or an investment proposal to the project. My review is not intended to be a source for advice. My review is not using any methodology to decide if the project is a scam or operates any other shady scheme. This is a project review pointing out mostly on incorporation of different technologies. I used published information on ICObench and project links. I was not financially compensated in any way for posting this review. The opinions expressed are my own and are based on my observations while reading the white paper and published project’s information.*//

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0
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Scott Douglas
Forbes Biz Dev Council | Hackernoon Contributor | Entrepreneur | Marketing + Biz Dev Specialist
Rated on Mar 23, 2018
4
5
5
3%

I really enjoyed the presentation (video), the implementation of Hyperledger technology and the way in which the TraXion team helps educate the user, not only on their project but the underlying technology they're using.

It seems as though this team, if executed properly will effectively tackle the industrial market and be a first mover in implementing industrial grade blockchain technology.

"Traxion plans to offer traditional financial products in a blockchain-driven environment, eventually becoming the crypto-economy for payments, peer-to-peer lending, remittances, savings, insurance, investments, and philanthropy."

The TraXion team realizes the goal they are tackling is ambitious however they understand the wide range of potential verticals this technology can disrupt. Very excited to see where they go with this.

Agree
0
Disagree
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Miikka Saloseutu
ICO Advisor | Serial Entrepreneur | Crypto Enthusiast | Blockchain expert | Investor | Founder Triplex Trading OU | Founder IcoTokenNews.com
Rated on Aug 24, 2018
5
4
4
3%

Team: Team looks very good, advisory board have a lot of experience also.

Vision: Project looks good, but i would have been nice to see more detailed analysis of the industry on wp.

Product: There is a lot of competition in this field.

Disclaimer: This is not an official investment advice or a recommendation to invest in this ICO. Investors must perform their own due diligence and not rely on ratings to make their final investment decisions. Investing in ICOs has it risks and 100% loss of capital is possible.

Agree
0
Disagree
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Viktor Tabori
Co-founder, CTO
Rated on Mar 23, 2018
5
5
5
1%
This rating's weight is reduced by 50% as there is no review added.
Andrey Zolin
Smart contracts RD | ICO Advisor
Rated on Mar 20, 2018
5
5
5
3%

Great to see woman at the helm! Such product really need blockchain with permissioned ability

+1Agree
+1
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Scott Malsbury
Entrepreneur
Rated on Mar 23, 2018
5
5
5
2%

TraXion: The vision of TraXion is different to other start ups; they are focused on building a complete ecosystem where businesses will be very friendly for the common good. Imagine a world where for profit businesses meet non-profit organizations, forming into one complete crypto economy mutually benefitting borderless and frictionless financial transactions.
Their impressive Whitepaper states the above as they focus on building infrastructure for everyday users. A blockchain- driven environment that changes how people do business by enforcing data integrity, accountability, transparency, and trust. Their combination of Blockchain and world-scale traditional financial services is a desired solution to the banking system. An interesting project.

Hyperledger Fabric: An open-source blockchain endorsed by a consortium of large tech enterprises such as IBM, Cisco, SAP, Intel and Oracle. This will already gain them traction moving forward.

Team: Reviewing the team profiles via LinkedIn shows they are more than competent for this project.

Advisors: Strong advisory board to compliment the team

Social Media following: The community is growing rapidly as more and more people find out about what they are looking to achieve.

Impressive Team,
Impressive Vision
Impressive growing product

Agree
0
Disagree
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Bas Geelen
ICO Analyst, Advisor & Investor
Rated on May 2, 2018
5
5
4
1%
This rating's weight is reduced by 50% as there is no review added.
Opinder Preet Singh
Founder(Blockslab & ZTips) | Smart Contract Development & Auditing | Blockchain Research | White-paper Development & Analysis | ICO Adviso
Rated on Mar 21, 2018
5
4
4
2%

It's impressive to see hyperledger being used in crypto space in terms of value becoz till now developers tried to stay away from crypto but only talk about Blockhain.

Agree
0
Disagree
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Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Apr 6, 2018
4
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
serhan balkan
ICO Expert
Rated on Aug 26, 2018
Modified on Aug 26, 2018
4
5
5
2%

In team description , I found technical part of team average without someone indicated than JS developer and CTO,well may be it Could be enough.
Rest of team for functions is Really close to avesome .
Their Product is fine with their vision just matter will be adding innovation during progress

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0
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Mauro Andriotto
Mauro Andriotto - Prof Corporate Finance | EU Commission and Big 4 Consultant | CEO @ AFS
Rated on Sep 21, 2018
5
4
4
2%

The team looks strong and experienced, I like it. The product too seems good. It would be nice to have a more detailed and refined white paper, I think that part needs some improving. KYC passed so ok.

Agree
0
Disagree
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VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Mar 19, 2018
4
4
3
1%
This rating's weight is reduced by 50% as there is no review added.
Luke Szkudlarek
Growth Hacking ICOs from the heart of Crypto Valley
Rated on Mar 31, 2018
5
5
3
2%

Great team and vision, not convinced about solving the problems listed in the WP with a corporate project like this one.

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0
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Benchy
ICO analyzer bot
3.5
12%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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