TraXion a better bank in a blockchain
What is TraXion? 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.
Formation of Blockchain Dev Hub
TraXionHub.com is Manila’s hub for the development of blockchain solutions using hyperledger fabric technology that will also provide additional revenue stream for servicing other financial institutions moving to blockchain.
Launch of Payment Platform
TraXionPay.com supports payment integration for merchants’ use. Kickstarted partnerships with various payment gateways and marketplace networks.
Launch of Fundraising Platform
Gavagives.com is an end-to-end fundraising platform that empowers non-profit organization improve and manage their donors and donations seamlessly. Offers more than 20 payment options and user-friendly management dashboard with analytics.
TraXion Wallet Capability
Supports fund transfers using disbursement gateway and peer-to-peer transfers to prepare for full remittance solution. This will hold all 3 functions: payments, remittance and donations.
Enhancement of existing fundraising platform to apply smart contracts that will measure performance of nonprofit organizations through its giving score and blockchain analytics.
Crypto Trading on Wallet
End of 2018
Aside from payment, remittance and donation capabilities, TraXion wallet will launch cryptotrading facility supporting major cryptocurrencies like ER20, Ripple, NEM, etc.
Whitelabel Remittance Portal
To scale the business, a whitelabel solution for remittance business will be offered to existing agencies and brokers. Using Hyperledger technology, transactions will be faster, cheaper and more secured.
Wallet users will be able to lend to other users using TraXion KYC, Credit Score and Microfinance Solution.
DETAILS TOKEN SALE
TraXion is building a crypto-economy to last, therefore, the focus will be on the scale, elimination of middlemen, and decentralizing legacy systems. To achieve these goals the company will conduct a Token Sale. The offering will be a virtual currency token known as “TraXion Token” (TXN).
REWARDS AND BOUNTY
3% of the entire token allocation is for Rewards and Bounty, which is a total of 15,000,000 TXN.
Out of this, 7,000,000 TXN is allocated for Commission, 3,000,000 TXN for Affiliate Links, and 5,000,000 TXN is for the Bounty detailed below.
Based on the obtained data, it can be concluded that with TraXionPay, using simplified merchant onboarding, any small business owners can receive payments even when customers don’t have bank accounts. Mobile payments through QR codes will be utilized to access users’ Hyper TraXion wallet and transact efficiently and quickly.
Ultimately, TraXion will provide a white — label platform that integrates multiple payment options on a blockchain with a built — in KYC for onboarding of merchants and be used by any chain of merchants and its subsidiaries.
The management team has already achieved several milestones including having all the infrastructure in place to operate an electronic money platform for payments and donations.