Review of Traxion ICO - team, technology and competitors
Recently we started to get acquainted with a new blockchain project called Traxion. I remind you that Traxion is a finance project that aims to provide affordable financial services (e.g. remittances, loans, personal financial advice and so on) at affordable prices for all groups Consumers from individuals to large corporations. The company, in fact, is a combination of a bank, a credit institution, a payment operator. In this review we will learn more about the company consider the team, market niche, briefly compare with competitors.
Project management and team
Manager
Ann Cuisia is a head of the company. I have a serious experience in the field of technology, banking and finance. During the work I got a serious competence in management, construction and optimization of business processes, sale of technological products. is a strong entrepreneur, until Traxion founded such a company as Gava Technologies Pte. She has worked in senior positions in a multitude of financial and technology companies, and it is worth mentioning the experience at Citi Bank. In addition to commercial activities engaged volunteer.
Management
Tamer Maher is an operating director. He is a specialist in optimization of business processes within the company, has competences in strategic development, project management, technologies (blockchain, big data analysis, machine learning, development and optimization of analytical complexes). He has been specializing in financial projects, and recently on blockchain technologies. He has held managerial positions and also worked as a consultant in many companies.
Bermil Espina is a director of information technology. The main objective of the attraction is to design and create a system architecture. He has a great experience in technological startups, held the position of Director of technology in the company Tritel Communications. He is well versed in such technologies as blockchain, Internet of things, cloud services, big data, architecture of software complexes.
Roberto Calida is a financial director, almost his entire career spent in financial and banking spheres. He is well versed in all financial processes, securities markets, derivative financial instruments, is able to predict the development of financial markets for the years ahead. He has more than 10 years of experience as a financial director.
Jason Dela Rosa manages the development processes in the company. Wide experience in technological sphere, e-commerce, competence in the field of creation, development and promotion of business, electronic marketing, popular programming languages, in particular web-development.The management of the company impressed me; a big advantage is that all members of the team have considerable experience in the financial and technological spheres, which develops Traxion.
Market size
Market volume
The attraction goes directly to several markets, so can claim a certain percentage of each. The main markets of the platform are: payments and transfers, crediting, fundraising or crowdfunding.Let's start with lending. The White Paper company is mostly talking about P2P lending, so consider the volume of this market. Analysts forecast that by 2025 the global volume of this sector is 1 trillion dollars.With regard to remittances, both international and domestic, as well as the lending market, their exact amount of reading is not possible because of the huge size that reaches a few dollars a year.As a result, Traxion goes to incredibly large markets, which, thanks to the undeniable advantage of the platform, promises big profits and great customer coverage.
Product
Product development stage
At the moment, the project team managed to implement several blocks, including a payment platform, a platform for crowdfunding. By the end of 2018 it is planned to make a large volume of works, and one of the main modules, namely P2P lending, will be launched in the first half of 2019.
Product attractiveness for customers
The full version of the product can only be reasoned on, however, the platform itself appeared on the background of a real need for changes in the quality of financial services provided. If the working product will conform to its description in white paper, it is obvious that users will be interested and profitable to use it. Traxion will provide loans at better interest rates, fast as well as low commission translation Dash definitely, it will enjoy considerable demand.
Competitive environment
Obviously, the project is part of a rather rigid competitive environment. The financial character of the platform determines the fact that Traxion will have competitors both among classical financial institutions and among blockchain projects. Quite noticeable players in the Bitcoins market are: Polybius, Bankera - Banks, Libra - credit, Ethlend - crediting, Distributed credit Chain - lending + financial platform. As you miss the attraction, almost all of these projectors are in the initial stages of development, so to judge any advantages or disadvantages to a large extent early.
However, it is worth noting that Traxion has a significant technological advantage that can play a decisive role in the fate of this platform: Hyperledger Fabric Blockchain-The basic technology of the platform, supported by such Technology giants like IBM and Oracle.
In general, it should be noted that, in my opinion, the greatest competition will be the classic banks and credit brokers, as they have a huge experience in this field, as well as a huge accumulated customer base.
Advantage of the system in comparison with them are more perfect technological filling, and also more favorable prices for the provided services.
Other factors
Tokenomics
The hard-cap platform will be 50 000 000 $, the price per 1 TXN token is equal to 0.0007 ETH.
We estimate the prospects of capitalization growth handover through the prism of comparison with competitors:
Ethlend: Current capitalization: 22.66 million $, Maximum – 442.47 million $;
SALT: Current capitalization: 50.29 million $, Maximum – 959.5 million $;
Bankera: Current capitalization: 25.66 million $, Maximum – 150.9 million $;
Distributed Credit Chain: Current capitalization: 20.48 million $, Maximum – 36.56 million $;
At the moment there are irrationally low values of capitalization due to long-term drop trend. I believe that the optimal values are between the maximum and current values; in this case, the potential for growth even in the short term is excellent.
Road Map
Result
As a result, I can highlight an incredibly powerful team, a huge and promising market, the presence of a small number of competitors in the blockchain environment. In the next reviews we will be more detailed about the project, in particular, the technological solution and the services provided.
Follow the links below for the project news:
Website, Whitepaper, Twitter, Facebook, Telegram group, Announcement on BTT.
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