Traxia ICO

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ICO details

First  project invested by Cardano Core team (Emurgo)

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

Pre Sale

Starts 2018-02-25

Ends 2018-04-30

Token Sale

Starts 2018-05-01

Ends 2018-06-02

Introduction video

Team

285793 large
Tobias Pfütze
co-Founder & CEO
Florian
Florian Zeim
co-Founder & Product Development
Jean
Jean Michel Lied Lied
CTO
Bruno
Bruno Botelho
CMO
Sebastian
Sebastien Cheng
Business Development Executive
Armin
Armin Bieser
Senior Management and Strategy Support
Jerome square
Jerome Eger
Business Development
Feenie
Alexander Feenie
Business Development
Joyce
Joyce Gu
Senior Sales Support
Solano
Miguel Solana
Product Strategy and Europe
Jonas tang   kopija
Jonas Tang
IT

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