TraXion - Transitions you to a crypto-ready society

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.
TraXion technology
Blockchain aims to put
data integrity among systems that don’t trust each other. This is the
main reason why many start-ups are moving to decentralization,
transparency and financial inclusion. There is a great potential of
institutionalizing these technological developments in finance given the
right approach and the proper creation of economies of scale within and
among these systems.


TraXion Roadmap
As geared towards being
the complete bank in a distributed network, TraXion aims to develop
features that would be beneficial for all financial needs and services
the users of the platform will be looking for. To make this happen, 35%
of the total fund allocation (detailed in the latter portion of this
whitepaper) will beconsumed for platform development, which involves
further improvements of the token utility.
- Formation of Blockchain Dev Hub (early 2017)
- Launch of Payment Platform (mid 2017)
- Launch of Fundraising Platform (mid 2017)
- Initial Coin Offering (May 2018)
TraXion’s Initial Coin
Offering will launch 250,000,000 TraXion Tokens (TXN) available for
sale. The token sale is divided into three parts: Private or Seed,
Pre-Sale, and Crowd Sale, all of which have various bonus 30 tiers
prices, and target amount to raise in US Dollars. The funds that wilF1l
be raised in the entire token sale will be allocated to different key
areas for the development of the platform, and to grow the business to
grant the value TraXion promises for its users and clients. (see Initial
Coin Offering section below to learn more)
- TraXion Wallet Capability (Q2 2018)
At this stage, TraXion
Wallet expands its utility beyond payments to support fund transfers
using disburs ement gateway and peer-to-peer transfers to prepare for
full remittance solution. This will enable the users to remit to anyone
in the world at zero cost and donate to any non-profit organization
through Gavagives.com with full transparency of aid from sender to
beneficiary or end recipient of donations.
- SMARTER Fundraising (Q3 2018)
The existing platform
in TraXion system will be enhanced to apply smart contracts that will
measure the performance of non-profit organizations automatedly through
giving score and blockchain analytics. By means of these scores, users
on the blockchain will be informed of the best-performing organizations,
which will build trust among the donors.
- Crypto Trading on Wallet (end of 2018)
Aside from payment,
remittance, and donation capabilities, TraXion wallet will launch a
crypto trading facility supporting major cryptocurrencies which include
ERC20, Ripple, NEM, and many more. At this stage, TraXion has completed
all the licenses to make this feature possible in the system
- Whitelabel Remittance Portal (early 2019)
Hyperledger establishes
TraXion as a system where all financial products, transactions, and
services are available in the platform’s wallet. With the wallet’s
absolute capacity, a whitelabel, enterprise-grade,remittance solution
will be offered to existing agencies and brokers to equip both consumers
and businesses in the given space. 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. When such a feature is allowed, even
the unbanked will have the facility to gain resources to build
enterprises, avail insurances, gain assets, and so much more
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

- 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.
- 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.
- 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.
- 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





Conclusion
In order to fund the
development of the TraXion ecosystem, 500,000,000 tokens (onwards called
TraXion Tokens, or TraXion) will be created on the Hyperledger
blockchain and they will be sold to the public. TraXion is a token that
will allow the User to access the service provided by the TraxionChain
platform.
The
TraXion token does not have the legal qualification of a security since
it does not give any rights to dividends or interests. The sale of
TraXion tokens is final and non-refundable. TraXion tokens are not
shares and do not give any right to participate in the general meeting
of Company. TraXion tokens cannot have a performance or a particular
value outside the TraxionChain Platform. Anyone p urchasing TraXion
tokens expressly acknowledges and represents that she/he has carefully
reviewed this white paper and fully understands the risks, costs and
benefits associated with the purchase of TraXion.
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