TraXion: A Better Banking Solution Using Blockchain

in #money6 years ago (edited)

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In a world of digital evolution, we see great modifications happen in how we share data and collaborate. . There are attempts to initialize many features of our daily lives, particularly in the globe of remittances, peer-to-peer lending, payment, and generosity.
In the late past years, blockchain technology has attained its vogue because of the propaganda on cryptocurrencies. Such hype has oscillated a lot of startups to introduce their own cryptocurrencies even without captivating essentials.
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 frictionless financial transactions.

Problems TraXion wants to solve:

TraXion will be contributing known economic products and facilities while using blockchain to do it. Their proposal comprise, but are not restricted to, insurance, peer-to-peer lending, assets, earnings, amounts, savings and more. TraXion has already created 4 platforms constituents out of the suggested 6. These constituents are the wallet, payment plan, fundraise platform and personal commerce platform. They are trying to create enduring platform for cryptocurrency and are concentrating on abolishing intermediary, adaptable, and a fragmented system. The entire objective is to overcome any issues from new difficult to utilize cryptocurrency technologies and traditional finance frameworks.

TraXion hopes to solve various issues that regular monetary institutions have. One of these issues is that numerous adults throughout the world are as yet abandoning any sort of ledger. TraXion can add more approachability to banking. The speed of transactions can likewise be a vast issue, frequently taking a few days to finish an exchange. I encountered this recently while completing an ACH fund exchange. I needed to hold up pretty much seven days to approach my funds. Blockchain fund transfers can happen quickly in various cases. Cost can be another significant issue for customary banking with many high charges. Once more, blockchain cryptocurrency exchanges can cost just pennies, and some are even free. Moreover, blockchain exchanges are totally transparent.

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Achievements:

TraXion has collaboration with MasterCard suitable to permit people to hold tokens to connect their wallets to a prepaid MasterCard. Payouts can be made immediately to the prepaid card and afterward utilized for installment in numerous areas. Only a couple of the benefits of TraXion installments are they are less expensive, speedier, worldwide, versatile, agentless, borderless, and more brilliant. TraXion is well on their approach to giving an entirely new banking answer for everybody. They are presently holding a token deal.

Unique Selling Proposition:

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While TraXion is skillful to encourage financial inclusion, transparency and accountability, it eventually wants to generate social impact.
TraXion is empowering the non-profit sector through a dispersed ledger that enlarge trust, smart contracts to fortify that all conditions are commonly met, and a digital currency to authorize the transactions within the network.
This is also the core vision of TraXion as a company.

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Revenue Model:

Revenue Stream after ICO

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Ongoing Presale:

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Token Sale Summary:

TraXion is constructing a blockchain to last by concentrating on adaptability, abolishment of middleman decentralization of legacy systems. TraXion will inflate initial funds to attain these goals through a token sale for TraXion token (TXN).

Token Distribution:

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Token Structure:

Total TraXion Token 500,000,000
For Token Sale 250,000,000
Exchange Token Price: 0.00035 ETH
Hard Cap: 45,000,000 USD
Hard Cap 50,000,000 USD

Bonuses:

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Fund Allocation:

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Token Sale Period Mechanics:

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• Start of Pre-sale: May 1, 2018
• End of Pre-sale: July 30, 2018
• Start of Crowd Sale: August 1, 2018
• End of Crowd Sale: August 31, 2018

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Rewards and Bounty:

3% of the tokens (15,000,000 TXN) will be used for a bounty program. 7,000,000 TXN is allocated for commission, 3,000,000 TXN for affiliate links, and 5,000,000 TXN is for the bounty detailed below.

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Conclusion:

TraXion pursues to fulfil the hiatus between the subsisting financial system and emanating non-user-friendly technologies by introducing a certain and basic way to use payments and banking architecture that seek to lower financial incorporation barriers and equip financial facilities to the banked and unbanked. Through the designed integration with MasterCard Service Provider, TraXion will build the wallet that authorizes the users to reserve or transfer money to any card in the world. The sender and the receiver transact in the local currency and requires no realization of cryptocurrencies or blockchain technology behind.

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For more Information please visit the official links below:

WEBSITE|WHITEPAPER|TELEGRAM|FACEBOOK|TWITTER|LINKEDIN

Author: Ahtsham
Bitcointalk username: Ahtsham90
Bitcointalk profile link

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TraXion looks to have a bright future in the blockchain system and thats a good out look as well as your blog format of the project which gives a clear view on the TraXion platform and as always this is a great blog that brings alot of value to the steemit plat form abd I would like to take the time out to thank you for all your blogs you showed to the Steemit Family with the best of insight you bring it so clear and thats what we need all of the time like you do it so thank you so much Steemian and keep up the great work