Hello every friend here I will introduce about Traxia, the latest project that has a good and interesting concept, for more details let's just go to the following discussion:
What is Traxia (TMT)?
Traxia is a Cardano-based project that will disrupt trade finance.
Traxia allows small to medium businesses to trade accounts receivable, at a premium rate, to get instant liquidity.This is the first project built on the Cardano platform and its migration will be performed by Emburgo, Cardano's investment incubator.
What's wrong with the ICO?
At present the ICO includes four presale rounds that offer 40% of the total token inventory to be sold. The token base price is $ 0.15 and can be purchased with ETH or ADA.The first round of presale is currently open and offers 22% of total offer with a maximum discount of 40%. This discount is available until March 18 and requires a minimum contribution of 10 ET and limits the individual to a maximum of 1000 ETH.
The second round of presale lasts from 9 to 9 April and offers a 20% discount. The minimum contribution is reduced to 0.1 (or the ADA equivalent). This round offers 18% of total supply for sales.It seems that the third and fourth rounds will sell the remaining tokens from the first two rounds with a 10% discount followed without a discount. If required, round 4 will end on 2 June. Max individual cap lifted for round 4.
Hardcap from token sales is $ 41.4 million and no soft stamp.
According to whitepaper a total of 60% of total TMT tokens will eventually be sold to the public. According to CMO Bruno Botelho an additional 20% will be sold to create additional capital if needed and will likely not be sold within the first 3 years.
Unsold tokens will be burned.
Token allocation and allocation of funds are as follows:
Token will be distributed at the closing of the crowd, when hardcap is reached or on 2 June.
Team members, early investors, strategic advisors and partners will have 60% of their tokens locked for 12 months and the remaining 40% locked for 24 months. Treasury funds will also be locked for two years.
Marketcap & Token Supply
The hardcap project will have a marketcap of about $ 41.4 million (400 million TMT) if no additional tokens are released at that time. In the current ICO environment, the calculated marketcap is on the high side. The high amount of funds needed to fund properly the loan warehouse that is being implemented by Traxia.
The loan warehouse will allow Traxia to buy its receivables and hold it until it is bought back by the buyer. In the early stages of the project, the warehouse will play an important role in matchmaking and ecosystem congestion prevention.
Total token supply is 1 billion TMT.
Exchange
Traxia is one of the few projects that have announced the date of their sign to appear on the exchange. TMT is scheduled to be available on the stock starting June 5th.
Social and Hype
TMT Telegram Group has 1,000+ members and reflects that the project is in the early stages of marketing. Telegram is increasing in activity and team members including CEO Tobias and CMO Bruno both seem to answer the question.
The crowd is not overly hyped at the moment but is expected to increase as token sales build momentum. This is the first project built on Cardano and supported by Emurgo, both of which will help increase interest.
ICO Info Sheet
You came here to get ICO information. It's easy to read.
Overall
The receivable industry is an industry worth $ 43 trillion / day. The team rated their project at 0.35% of this market (or $ 150 million). It is a project that can leverage blockchain to solve real-world problems and the ability of buyers and sellers to use FIAT will help the adoption.
This project is the first to build Cardano and will act as a test case for Emurgo and their migration services. Emurgo (Cardano's investment incubator) is also a leading investor in the flagship field showing Cardano's confidence in the project.
For more information on current smart traxia contracts, please visit our web site:
The bitcointalk name: Icaica22
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