A brief overview of the TraXion project. Rating ICObench — 4.8
Since recently, we’ve been seeing the words “blockchain” and “cryptocurrency” a lot. A large number of companies and startups began implementing blockchain technologies and releasing their own coins. These new technologies surpass the old ones in many aspects, but not all of these startups have been really successful, because not all of them have given enough thought to the scalability of their projects.
Using a simple and secure blockchain-based application, TraXion will be the best financial institution where clients will be free to spend, send, save, borrow, lend and do a whole lot more. TraXion will offer conventional financial services based on blockchain technologies.
To date, TraXion has already built a part of its infrastructure. Out of 6 key components, 4 have been already been implemented: Wallet, Payment Platform, Personal Finance Platform and Fundraising Platform. Soon, these platforms will be merged on TraxionChain — a community of people who will leverage the power of smart contracts to make cheap money transfers, use affordable peer-to-peer lending, take part in transparent charitable activities of NGO’s, as well as in effective insurance and and investment operations.
TraXion’s mission is to build a new cryptoeconomy by ensuring the mass propagation of its platform, elimination of intermediaries and decentralization of outdated systems. To do that, TraXion will unite its clients in a secure distributed blockchain using a white-label approach. This blockchain will flow over to existing financial institutions to be used in various national currencies for simplifying direct cross-border transactions.
TraXion plans to fill the gap between the old, established financial system and the newest technologies created for removing the obstacles on the way to financial integration. Partnership with MasterCard will make it possible to create a wallet whose owner will be able to store money there or transfer it to any card in the world. These operations will not require that either the sender or recipient have any knowledge of cryptocurrencies and the blockchain technology. A convenient interface will let them make transfers in their national currencies.
Members of the TraXion platform must undergo the KYC procedure to lower fraud risks inside the system.
Thanks to the use of smart contracts, charitable organizations can be sure that their funds will be reliably delivered to final recipients. Transaction logs will be stored in a distributed ledger, making the entire procedure transparent.
I can not but show you the project’s high ratings that it has earned by right.
If the project team manages to make all of its plans and ideas a reality, it will be another step on the way towards the new cryptoeconomy! Let’s wish the project luck!
At the moment, the token sale is in progress.
If you are interested in the project, you can find more information about it by following the links below.
Site|White paper|Bounty|GitHub|Telegram|Medium|Twitter|Facebook|
Author:
Bitcointalk username: vantuz84
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1066810
