Trakx - The perfect crypto tracking vehicle

INTRODUCTION
The crypto market is characterized with a lot of challenges such as high volatility and scams. Thus, there is need for investors to have a vehicle such as CTIs to track the performance of crypto underlings. ETFs is also known as Bitcoins exchange traded funds and according to Ernest & Young, global ETFs net asset has risen from $0.7 trillion in 2008 to an estimated value if $4.4 trillion in 2017, and this figure is predicted to grow in similar pace to 7.6 trillion in 2020.

Trakx believes that there are a lot of goldmines in the cryptocurrency markets that are yet to be tapped by crypto investors and it wishes to address this issue by making cryptocurrency investing cheaper, easier and accessible to a large number of investors.

WHAT IS TRAKX?

Trakx is a platform for creating, distributing and trading crypto trackers. Crypto trackers, also called Coin Traded Indices (CTIs), are asset-backed tokens which significantly reduce the complexity and fees associated with the setting up either short and long positions of various cryptocurrency. Users will be able to trade onto the platform digital tokens that are positively or negatively correlated to the tracked underlying crypto assets. Trakx will progressively offer a wide panel of CTIs which will include, non-exhaustively, inverse trackers, levered trackers, basket trackers and stablecoins.

DIFFERENT TYPES OF CTIs

LONG BASKET CTIs: It is a set of cryptocurrencies selected by Trakx with the goal of tracking the performance of stated index. For example, Trakx will offer investors the possibility to track the market-weighted performance of the 5 largest cryptocurrencies. Long basket CTIs enable to profit from a rise in the value of underlying benchmark and it moves in the same direction as the tracked cryptocurrencies benchmark. Long basket CTIs will be ERC20 asset-backed in one-to-one ratio..
INVERSE CTIs: It enable to profit from decline in the value of the underlying benchmark. If a trader is bearish on a particular cryptocurrency (baskets) or wants to hedge a long position on another cryptocurrencies or basket of cryptocurrencies, he/she simply buys the corresponding CTI when the trader believes that the downturn as run it course, he/she can sell the CTI to unwind the position.
INVERSE BASKET CTIs: Inverse basket CTIs functions in the same way as inverse CTIs, rather the difference is that, while inverse CTIs track the performance of one selected cryptocurrency, inverse basket CTIs offer traders the opportunity to easily short sell an overall basket of cryptocurrencies, thus multiplying their potential profits when the underlying cryptocurrencies decline.
STABLECOIN: Trakx intends to integrate stablecoin later on the platform. It will reduce users exposure to cryptocurrencies and Will be used for shorter period of time when volatility is high and users are unsure as to which side of the trade they should take. Stablecoins will be ERC20 fiat currency asset-backed tokens in a one-one ratio. Trakx will buy and hold the underlying currencies and convert whichever cryptocurrency received at the moment of transaction into whichever fiat currency a stablecoin will be pegged to, then deposit this fiat currency into an account with the same denomination.

BENEFITS OF TRAKX

INSTANT DIVERSIFICATION: With CTIs such as basket CTIs, investors can quickly gain portfolio exposure to specific cryptocurrencies.
SECURITY: A vast majority of the cryptocurrencies composing index would be secured and stored offline in cold wallets.
LOW COST: Trakx will make the investing of CTIs cheaper.
TRADING FLEXIBILITY: CTIs will be readily available on the platform for investors to trade anytime of the day.
TRANSPARENCY: CTIs will be able to track a third-party index, thus reducing conflict of interest. Also, CTIs reserves will be constantly audited by four big audit firms and holdings will be published periodically for investors to check and monitor the growth of their CTI investment.
PASSIVE MANAGEMENT It is designed to track index and limits actively buying and selling of securities. Passive strategy has advantage over active strategy as it overpowers active strategy and provides better returns base on cost saving.
SINGLE ACCESS POINT: Trakx will be a one-stop shop for crypto trackers such as long, leveraged, inverse, basket etc and will save investors the time of opening multiple accounts in different platforms and undergoing KYC process..

BENEFITS OF HAVING AN EXCHANGE
Trakx intends to create an exchange to allow CTIs to be traded and will also offer the following benefits:

It will partner with market makers to sustainably improve the liquidity of the trackers.
Well insulated against legal risk.
Offer a secure go-to platform for our CTI customers.
Offer creation/redemption centers where CTI investors can redeem CTI tokens as their net asset value and market makers
can create new units when demand is high.
Offer centralized off-chain settlement center that will reduce management and other general trading fees.

WHAT MAKES TRAKX UNIQUE

Trakx platform will be integrated with amazing features to enable participants seamlessly trade crypto trackers using TKX and other main cryptocurrencies like BTC, ETH, XRP etc. The platform will feature numerous easy to use tools such as:

Fast speed of execution and powerful matching engine.
User-friendly design.
Referral program.
Portfolio management.
Market analysis.
Advanced security features..
Multilingual support.
Extensive device coverage (smartphone, tablets).
Internal and External APIs.
Instant conversion of crypto or fiat to TKX via third parties.
Decentralized settlement.

HOW TO PURCHASE CRYPTO TRACKERS?

Trakx platform will only support the trading of crypto trackers through Trakx utility token (TKX) and some key cryptocurrencies. After the launching of ICO, Trakx will implement instant crypto to TKX conversion on its website which will enable non-TKX holders to purchase TKX in order to run a transaction on the platform. In the second phase, Trakx will implement an instant fiat to TKX conversion on its website for non-crypto holders to transact on the platform and both services (crypto to TKX and fiat to TKX) will be provided via third parties.

TRAKX TOKEN
Trakx token (TKX) is the utility token that will power the Trakx ecosystem. It will enable holders to trade portions of their crypto trackers onto the platform, pay for the various fees associated with crypto trackers and it will also act as a fuel or gas of the network in order to have access to relevant apps built on the platform.

Token Sale Information & ICO Details