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Sunday 4 March 2018

Traxia - First Trade Finance Blockchain

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Trade finance relates to international trade such as export and import. While the seller (exporter) may request a prepaid buyer (importer) for the shipped goods, the buyer (importer) may wish to reduce the risk by requesting the seller to document the goods that have been shipped. Banks can help by providing various forms of support. For example, an importer bank may provide a letter of credit to an exporter (or an exporting bank) providing payment for the submission of certain documents, such as a bill of lading. Exporting banks may make loans (by raising funds) to exporters on the basis of export contracts.


Other forms of trade finance may include Documentary collections, trade credit insurance, export factoring, and forfaiting. Some forms are specifically designed to complement traditional financing, such as "transaction equity" (a product developed by IIG Capital LLC), which can assist the borrower in funding the advance required by the bank before extending credit. In many countries, trade finance is often supported by governments known as export credit agencies that work with commercial banks and other financial institutions.

Convenience offered by the bank is very promising but the bank only finance 7% of total assets in today's pituang account in this short-term assets. In addition, the bank continues to discuss liquidity issues not to finance Small and medium-sized businesses for fear of being trapped to negotiate with local banks. If trapped to negotiate with the local bank will increase the operational financial trading that will increase operational costs. In addition it will be dealing with a very time-consuming bureaucracy. The solution to this problem is the adoption of a decentralized system of international trade with Traxia. Traxia has described an international trading ecosystem with a safe and reliable blockchain system.


Traxia 

Traxia is a project that will create a trade finance platform that operates through smart contracts with blockchain technology. Traxia is a formation of the Traxia Foundation that has decentralized liquidity networks utilizing the latest technologies such as smart contracts and blockchain to increase trust, transparency and liquidity in B2B trading. In addition, in traxia ecosystem there are several actors other than sellers and buyers are Investors, Issuing Providers, List of Providers and facilities for warehouse loans.


Traxia Membership Token (TMT)

Traxia Membership Token (TMT) is the utility token issued by Traxia Foundation (Swiss law) that gives access to our ecosystem. Each time an Issuing Provider adds a new invoice to the system, TMT has to be purchased at an exchange to settle access fees. To enjoy the traxia service there are two options :

  • Access the ecosystem through Issuing and Listing services
  • The membership fee per transaction base must be completed in the Traxia Membership Token (TMT) at the conversion rate from when the Issuing and Listing service has been provided (Recomended)

The following diagram illustrates the business model


Traxia Membership Token (TMT) Sale 

To fund the initial operation and creation of the Traxia platform, we will be offering the sale of TMT tokens.

The supply of TMT is limited to a maximum of max. one billion (1,000,000,000) tokens in total, including those available for sale during the Token Sale. The tokens will be generated upon the token launch and will be distributed in the following manner:

  • 70% of the tokens will be eventually allocated amongst the community. Distributed in the following order 30% + 30% + 5% + 5% 
  • 20% will be allocated to the foundation creation, development team, early backers.
  • 10% will be allocated to treasury with the purpose of providing TMT Liquidity if necessary as well as being a contingency fund.


The Traxia crowdsale and the corresponding token creation process will be organized around smart contracts running on the Ethereum blockchain. Participants willing to support the development of the Traxia project can do so by sending Ether (ETH) and ADA tokens to the designated address. By doing so, they are purchasing TMT at the rate of 1 TMT per US$ 0.135 which will be sent to their ETH wallet after the sale. Any ADA and ETH that is send to the designated address will be converted to TMT at market rate of ETH, ADA to US$ each day during the sale at 12.30 pm (UTC+8).

Team 

Development Team


The LiqEase core team holds deep expertise in launching and executing digital projects successfully for large corporations or independently. The team gathers a variety of knowledge in various disciplines such as digital platforms, fintech, FMCG, supply chain management, software engineering and others.

Advisors 




For more information about Traxia, you can visit links below:

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Whitepaper : https://goo.gl/8afHXv






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Username Bitcointalk : Arifandi

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717

ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924

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