Traxia -ICO Details

Overview
2
StatusInactive
HeadlineFirst project invested by Cardano Core team (Emurgo)
CategoryFinance
Starting date05/01/2018
Ending date06/02/2018
WebsiteView Website
WhitepaperView Whitepaper
Links
Project Info

Traxia is a B2B trade finance platform that allows SMEs to access short-term funding by using their accounts receivables as collateral. Institutional investors can buy and trade this newly created tokenized debt securities on a global market.

Why people like it:

– First project invested by Cardano (through Emurgo investment arm)
– Targets a global $43 trillion market
– First use-case with Porsche Design in China
– Platform up and running (second version in April 2018)

How does it actually work?

1) A Small Medium Enterprise (SME) creates a profile and Uploads their invoices with a large multinational company (MNC) to the platform.
2) The MNC verifies the invoice and if in agreement with the terms, accepts the debt by using their private key.
3) We create a digital asset (smart-contract) out of that invoice – this debt security can now be traded.
4) Institutional investors make an offer to buy this debt security at a discount
5) The Investor who bids the lowest discount acquires the debt security token by paying the SME in a Fiat currency.
6) The Investor now owns the security. He can also trade it on a secondary market.
7) On the due date, the MNC pays the investor or the current holder of the debt security back in fiat currency

ICO Details
Softcap0(USD)
Hardcap15,100,000(USD)
USA accepted
Currency AcceptedBTC,ETH,Others
Coin SymbolTMT
Total Coins1,000,000,000
Coins for Sale600,000,000
Private-Sale/Pre-Mined Coins0
Coins Sold0%
Coin Price0.055 USD
Softcap Reached
Confirmed Exchange
Unsold Coins Goes to Burn
Stage Details
Token Sale
Start date05/01/2018
End date06/02/2018
Token for sale600,000,000
Token Price0.055 USD
Team Info
Core Team

Tobias Pfütze

co-Founder & CEO

Florian Zeim

co-Founder & Product Development

Jean Michel Lied Lied

CTO

Bruno Botelho

CMO

Sebastien Cheng

Business Development Executive

Advisory Team

William Bao Bean

John Burbidge

Darren Camas

Jake Fisch

Zennon Kapron

Wei Zhou

Mauricio Benitez

Bernd-Uwe Stucken

Carl Wegner

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