TraXion a better bank in a blockchain

In a world of digital transformation, we see great changes happen in how we share information and communicate. There are attempts to digitize many aspects of our daily lives, especially in the world of payments, peer-to-peer lending, remittance, and philanthropy.

In the recent past, blockchain technology has gained its popularity because of the hype on cryptocurrencies. Such hype has swayed a lot of startups to launch their own cryptocurrencies even without compelling fundamentals. This trend has emerged because new participants have been nimbler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitive advantage that new players enjoy is likely to be a short-lived one as no economy of scale is put into thought.

Frictionless with the Banks

Borderless for the 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.

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.

TraXion has launched several products and services to prepare itself for this exciting event of involving the crowd in its mission.

TraXion will be utilizing the best KYC/AML process on the market that is yet to be determined. This will allow for real time identity and business verification to occur and for businesses to verify information very quickly via API or TraXion’s own free dashboard. This will allow for easy verification for identifiers such as name, date of birth, and addresses for customers of businesses using the TraXion platform.

BENEFITS OF USE

TraXionWallet

Combines existing fintech and insurtech apps in one ecosystem. We provide white-labeled wallets to business organizations who want to move financial assets at zero cost through tokenization of their local currencies.

TraXionChain

Creates inter-business blockchain solutions for closed network. We deliver customized business solutions to conglomerates requiring interoperability, data integrity, and asset tracking within the supply chain.

TraXionContract

Applies Smart Contracts on workflows for good governance. We can significantly increase the integrity of information, improve performance management, and reduce wastage and corruption.

SEVERAL REASONS TO CHOOSE TRAXION

1. The TraXion team have an average combined experience of 20+ years in various industries from business development and entrepreneurship, to cyber security, financial technology, and blockchain.
2. Traditional financial products and donation channels are innovated and made available through TraXion’s distributed financial infrastructure for aid candor, elimination of corruption, and financial inclusion.
3. TraXion will be among the first distributed platforms on IBM’s Hyperledger Fabric technology, and has established working ties with several financial technology services for an all-in-one financial solution.
4. Individuals, conglomerates, merchants, and non-profit organizations — all in a single infrastructure that enables a crypto economy free of obstruction, fraud, bureaucracy.

PARTNERS TRAXION

PRIMARY TEAM

ROADMAP

Formation of Blockchain Dev Hub

• Completed
  TraXionHub.com is Manila’s hub for the development of blockchain solutions using hyperledger fabric technology that will also provide additional revenue stream for servicing other financial institutions moving to blockchain.

Launch of Payment Platform

• Completed
  TraXionPay.com supports payment integration for merchants’ use. Kickstarted partnerships with various payment gateways and marketplace networks.

Launch of Fundraising Platform

• Completed
  Gavagives.com is an end-to-end fundraising platform that empowers non-profit organization improve and manage their donors and donations seamlessly. Offers more than 20 payment options and user-friendly management dashboard with analytics.

Token Sale

May 2018

TraXion Wallet Capability

Q2 2018

Supports fund transfers using disbursement gateway and peer-to-peer transfers to prepare for full remittance solution. This will hold all 3 functions: payments, remittance and donations.

SMARTER Fundraising

Q3 2018

Enhancement of existing fundraising platform to apply smart contracts that will measure performance of nonprofit organizations through its giving score and blockchain analytics.

**Crypto Trading on Wallet

End of 2018**

Aside from payment, remittance and donation capabilities, TraXion wallet will launch cryptotrading facility supporting major cryptocurrencies like ER20, Ripple, NEM, etc.

**Whitelabel Remittance Portal

Early 2019**

To scale the business, a whitelabel solution for remittance business will be offered to existing agencies and brokers. Using Hyperledger technology, transactions will be faster, cheaper and more secured.

**Peer-to-peer Lending

Late 2019**

Wallet users will be able to lend to other users using TraXion KYC, Credit Score and Microfinance Solution.

DETAILS TOKEN SALE

TraXion is building a crypto-economy to last, therefore, the focus will be on the scale, elimination of middlemen, and decentralizing legacy systems. To achieve these goals the company will conduct a Token Sale. The offering will be a virtual currency token known as “TraXion Token” (TXN).

REWARDS AND BOUNTY

3% of the entire token allocation is for Rewards and Bounty, which is a total of 15,000,000 TXN.

Out of this, 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.

CONCLUSION
Based on the obtained data, it can be concluded that with TraXionPay, using simplified merchant onboarding, any small business owners can receive payments even when customers don’t have bank accounts. Mobile payments through QR codes will be utilized to access users’ Hyper TraXion wallet and transact efficiently and quickly.

Ultimately, TraXion will provide a white — label platform that integrates multiple payment options on a blockchain with a built — in KYC for onboarding of merchants and be used by any chain of merchants and its subsidiaries.

WEBSITE https://traxion.tech/

WHITEPAPER https://traxion.tech/documents/Traxion%20Whitepaper.pdf

TWITTER https://twitter.com/traxiontoken

FACEBOOK https://www.facebook.com/traxion.tech/

YOUTUBE https://www.youtube.com/channel/UC7dCqbfGAc_-2VZ1ZvNv2IA

TELEGRAM https://t.me/traxion

LINKEDIN https://www.linkedin.com/company/traxiontoken/

BOUNTY https://bitcointalk.org/index.php?topic=3043752

AUTHOR https://bitcointalk.org/index.php?action=profile;u=1186365