Did you know that there is a number of unpaid bills equal to $ 43 trillion appearing every day? Traxia’s aim is to correct this huge money problem with the blockchain solution. Traxia is a decentralized liquidity network which uses the smart contracts and a blockchain to improve confidence, transparency and, eventually, the cash liquidity in B2B trading. It plans to build upon the Cardano blockchain being the first project to migrate from Ethereum to Cardano. It is a third-generation blockchain with a scientific philosophy and a scientifically-oriented approach for providing a more balanced and sustainable ecosystem for crypto-currencies.
The Cardano platform is built in layers. This gives the system flexibility during maintenance and allows an upgrading. It also works with decentralized applications, services that are not controlled by any single party but instead work on a chain. It uses Ouroboros - a proven system of evidence of the availability of shares with a thorough safety analysis.
The Cardano protocol is designed to protect the rights to privacy of users taking into account the needs of regulatory bodies. At the same time, Cardano is the first protocol that balances these requirements in a subtle and effective way.
The features of the blockchain are using the Proof-of-Stake algorithm and using a two-level computing system. Two independent flow computations are used to optimize and provide high bandwidth (preliminary, 5-7 transactions per second, however, this figure is planned to be increased). Due to the fact that, in fact, the turnover of tokens and the recording of smart contracts will occur on "different" blockchains, the system will be less prone to overloading.
Traxia is a platform without excessive tokenization. The users are not forced to buy crypto-currencies. The blockchain will be used solely for the purpose of securing the transaction with the help of personal crypto-keys.
To develop the project, Traxia team released 1 billion TMT tokens (Traxia Membership Token) and conducts the initial offering of TMT tokens. 600 thousand tokens at a price of 1 TMT = $ 0.15 are offered for sale. They are sold for ETH and ADA. The bonus program - a discount of 20% - is provided for early buyers. From April 10 to April 17, there will be a 10% discount. The sale of tokens will continue until June 2, 2018, if the tokens are not sold earlier. Total TMT - 60%, other 20% is for the team, 10% for the treasury, 5% for Bounty and 5% for Advisors. The project doesn't have the soft cap, while the hard cap is approximately $41.4 million.
In general, the project is well structured and well thought out, supported by the Cardano community through its investment division Emurgo. Cardano will allow Traxia to provide a more reliable solution for better tackle scalability, settlement, and security.
if you are interested in the first look at this cool technology, you can read my another article about this company here: TRAXIA part one
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