Review of Traxion ICO - new financial ecosystem

After the development of blockchain technology it became obvious that finances are one of the most (if not the most) effective spheres of its application. However, for the almost ten history of technology, it has not yet become widely used. Because of the undeniable advantages, this fact seems somewhat strange: why use old systems, if you can use blockchain, and solve a lot of problems in one fell swoop? With a deeper consideration it becomes clear that it has a number of reasons: low speed, low friendliness of interfaces and so on.

Company called Traxion will solve these problems and become a global financial system.

What is Traxion

Traxion is a large-scale financial ecosystem that offers individuals and businesses a full range of financial services from P2P lending to the storage of assets and transfers. Among the main services are:

Payment solutions;
Platform for crowdfunding;
Control of personal finances;
Purse for cryptocurrency and fiat money;
Profitable lending and so on.

Although the life of Traxion is just beginning, among the partners already Master Card, IBM, UnionBank, Seacoop.The system is based on the technology Hyperledger Fabric Blockchain, which we will discuss in more detail in the following reviews.

Solved problems

Traxion will try to «patch holes» which are clearly traced in the sphere of modern financial services:

Factor of mediator (brokers, agents), which directly influences the final cost of services, the speed of their rendering, and also puts your personal data under impact;
Transparency and speed of payments. If in terms of transparency blockchain is ideal, the speed of both classical translation methods and the blockchain systems themselves leaves much to be desired;
High commissions for financial transactions and others.

Project Management

Token Sale

Token name: TXN;
Hard-Cap: 50 million USD
Price per token: 0.0007 ETH
Dates of the main sales of ICO: August 1-31, 2018

To participate in sales go to the link.

In Telegram-Chat almost 39000 participants. The number of followers of Twitter-account is about 16 000, on page Facebook almost 17 000 subscribers.

Ratings

Icobench.com Rating – 4.5/5 with 28 expert ratings;

Icoholder.com – 4,36/5;

Icomarks.com – 9,1/10;

Trackico.io – 4,8/5;

Icocreed.com – 4,9/5;

Foundico.io — 7,6/10.

The average project score at the moment is 4,41/5.

Total

Traxion is a representative of a new wave of financial ecosystems, which aims to get rid of intermediaries and provide higher quality services at lower prices. One of the distinctive features of the system is the use of the best practices both from classical financial institutions and from blockchain-economics and technologies. This approach allows to create a kind of hybrid with almost perfect quality of services.

I suggest you to follow the project more closely both from my subsequent reviews and from official documents and sources:

Website, Whitepaper, Twitter, Facebook, Telegram group, Announcement on BTT.

I'm on BitcoinTalk. (igporoshin)