TraXion - Transitions you to a crypto-ready society.

Introduction

Today, we are in a world of digital transformation, we see a big change happening in the way we share information and communicate. There is an effort to digitize many aspects of our daily lives, especially in the world of payments, inter-peer loans, remittances etc.

This is due to the blockchain technology has gained its popularity due to the hype on cryptocurrency. Such hype has shaken many startups to launch their own cryptocurrency even without interesting fundamentals.

This trend has emerged as new entrants are agiler in adopting emerging technologies than older players hampered by legacy systems. However, the competitive advantage enjoyed by these new players may only be short-lived because there are no economies of scale to think about.

Therefore, TraXion enters with a different vision, TraXion focuses on building ecosystems where business will be very friendly for the common good. Traxion wants to build an ecosystem where nonprofits meet the nonprofit organizations into a mutually beneficial crypto economy, borderless and frictionless financial transactions.

What is TraXion?

TraXion is the brainchild of its parent company, Pluma Technologies Ltd., which focuses on the development of pure digital ecosystems. 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 plans to have significant infrastructure in place prior to the initial coin offering (ICO). To date, TraXion has built four (4) of the six elements in the proposed economies of scale:

1. Payment Platform, 
2. Wallet, 
3. Personal Finance Platform and 
4. Fundraising Platform. 

These four platforms will soon be on TraxionChain – connecting people to effectively transact payments, lower the cost of peer-to-peer lending and remittance, transparently account for philanthropic activities of non-profit organizations and enable insurance and investments processed more efficiently using smart contracts.

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, TraXion will offer white-label platforms across the globe and connect them in a distributed, permission and secured blockchain. It will be used by banks, operators and agencies in key jurisdictions to process in different fiat currencies and facilitate cross-border transactions without the need for counterparties while also enabling all players to donate to causes this blockchain trusts.

TraXion Vision

• Send & Receive Payments Seamlessly

Payment gateway providers have not yet crossed that barrier of gruesome integration using very complex codes and procedures. 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’ HyperTraXion wallet and transact efficiently and quickly.

Merchants accepting payments online oftentimes experience fraud and interrupted the flow of capital. With the platform’s proprietary know-your-customer (KYC) solution, TraXion will help the businesses on the system to avoid risks of encountering fraudulent transactions and customers, while benefitting from payments financing.

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.

• Moving Towards Ending Poverty

Digitization in a decentralized system will invoke vast networks and produce a series of records of all transactions every second that are tamper-free. As such, TraXion restricts corruption and will help solve poverty as the field levels and all people can have equal access to all financial services and benefits.

The blockchain is truly shaping up to be the technology that could be the vehicle for social change. However, it’s still a bit of a reach to claim that blockchain will be the end of poverty. Besides, poverty is a multifaceted problem that needs a holistic solution. What’s exciting about TraXion is that it can influence several of the factors causing poverty.

Theoretically at least, an affordable, fast, and transparent means of transacting holds much promise to benefit the poor. The technology has also developed significantly beyond the payments advantage. The introduction of smart contracts has made TraXion platforms more comprehensive and versatile to deliver financial services and aid monitoring.

• Transparency of Aid

TraXion envisions truthfulness, accountability, and transparency during the depression in any community. Aid from individuals and corporations should not be put to waste or worse, to a corrupted system of either government or non-governmental organizations tasked to distribute it.

The possibilities for cryptocurrencies and blockchain for good are unlimited. Philanthropies will benefit from automated “smart contracts” with their grant recipients, which only receive funds when grant conditions are met. Blockchain provides foundations and social impact investors with more robust and transparent impact tracking and measurement systems. Foundations could even issue their own digital currencies or operate charity-specific cryptocurrency exchanges.

TraXion aims to put trust back into the community to be able to give more and help more people around the world. A better world for the future generation using the power of blockchain technology.

The Problem that TraXion Want to Solve

• Financial inclusion

According to the World Bank, in 2013, 10.7 percent of the global population lived on less than $1.90 a day. While these figures have been in decline over the last few years, that percentage still equates to around 750 million people. Financial inclusion is considered a key factor to poverty reduction. It refers to the access of people to a formal financial system. In the status quo, it’s the access to financial services such as banking that accounts for financial inclusion. Unfortunately, over 2 billion adults remain unbanked. In many of these developing regions, mobile money has taken the place of most financial services.

Blockchain’s disruption of the financial services sector supposedly changes this. Blockchain overcomes many of banking’s current limitations. Unlike banks, no physical branch presence is needed for blockchain to work. Since blockchain operates on a distributed network, there’s no need for a complex and expensive private infrastructure to run. This saves on the costs that banks and telecom companies pass on to users through fees and other charges when using bank accounts or performing mobile transactions.

• Speed

According to proprietary McKinsey research and analysis (2015) on cross-border payments, the average time to complete a cross-border transaction is three to five business days, which includes the final mile transfer via a domestic payment network, such as Automated Clearing House.

• Cost

The fees accumulate along the process of transferring the money to the end receiver. Charges increase as the transfer go through the bank where the senders request to, then another additional charge going through the central bank, and another accumulation when going across the border to the recipient’s country’s central and local bank respectively, counting the foreign exchange fees in the process. The average usually plays below 10% on cross-border transactions if volumes are high and charges are not always transparent nor fixed.

• Bureaucracy

The existence of so many intermediaries, agents and brokers allow for the existence of bureaucracy in various workplaces. Current systems involve multiple agents to verify the data which makes the process complex. With the slow procedures and tedious work involved, many systems encourage this problem resulting in more problems like shortcuts and bribery which later on affects data integrity and accuracy of transactions.

• Transparency

The common woe when transactions are currently in transit is the process is not traceable. Senders and receivers are always left hopeful that the money will be delivered on time at very low costs. When the process of transfer from sender to receiver is not transparent, it leaves the people dumbfounded about the potential hazards that may happen along the way, which include server failures, longer rollouts, and whatnot.

How TraXion Will Solve The Problem

Here at TraXion are at the forefront of the massive blockchain-based movement that will change the way the world operates. TraXion will help author a new chapter in this movement by implementing solutions that will help the world be truly Crypto-Ready. Here’s how:

Technology



TraXion uses the latest IBM Hyperledger Fabric technology. It operates differently than a traditional blockchain system however and is based on a permission network. This means that all participants are required to be authenticated in order to participate and transact on the blockchain. This means that organizations, for instance, can gain the ability to create and maintain their own private channel with other specified members, adding a layer of trust and information sharing that is largely missing in the present day business world. And as noted above, our platform can process up to 100,000 transactions per second, proving to be remarkable leap forward for many businesses and people across the world in addition to the many other features of using this technology.

Transparency



In international business and trade, we see that its fairly difficult for senders and receivers to track payments while the funds are in transit. The usage of TraXion’s platform will solve many of these issues by way of the IBM HyperLedger system. Final payment amounts and delivery dates will be able to be tracked and there will be a level of transparency added to business transactions that are not currently present.

Real-World Solutions

The need for intuitive yet effective solutions to get society at large on-boarded to a Blockchain-based world is massive. TraXion fulfills this need in a few ways as well:




Wallet

The TraXion wallet is already in place and used currently as a white-labeled solution of Gavagives.com. The same wallet structure will be used to hold different types of accounts within the TraXion ecosystem and have remittance functions along with analytic functionality as well as user reward system and have a management dashboard for merchants. It will have total functionality in also allowing for cryptocurrency trading as well as peer-to-peer lending as well.

KYC and AML
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.

In all, TraXion will harness these features and many others as the platform grows and develops. They will help propel TraXion to be the complete solution to helping the world transition into being a crypto-ready society at large.

INITIAL COIN OFFERING (ICO)

TraXion aims to fill the gap between the existing financial system and emerging non-user-friendly technologies by presenting a secure and simple way to use payments and banking architecture that aims to lower financial inclusion barriers and provide financial services to the banked and unbanked. Through the planned integration with MasterCard Service Provider, we will build the wallet that enables our user to store or transfer money to any card in the world. The sender and the receiver transact in the local currency and needs no awareness of cryptocurrencies or blockchain technology behind.

To achieve these objectives, an initial coin offering (ICO) will be conducted. the company will issue virtual currency tokens called TraXion Tokens (TXN) on the blockchain operated by a smart contract. The tokens for sale are on Ethereum network using ERC20 protocol.

Funds raised will be utilized by the TraXion team for further developments of the platform, scaling the business, and added benefits in the projects to come to provide utmost value to all of its participants in the system. A portion of the profits will go as grants to chosen charities in the blockchain that are performing well through scoring and donor votes.

The Team has chosen to do initial coin offering instead of alternatives ways to raise money because an initial coin offer not only allows TraXion to onboard participants from different regions but also to incentivize them to promote TraXion’s products via affiliate and commission. Second, tokens provide liquidity since they can be traded on various exchanges after the ICO.

Token Distribution

The initial generation of  TraXion is programmed by a smart contract running on Hyperledger and will be distributed as follows:

• 50% of tokens (250,000,000 TXN) will be allocated to token sale contributors and will be transferable when crowd sale ends;
• 20% of tokens (100,000,000 TXN) will be allocated to the team and will be locked by the smart contract for 12 months;
• 5% of tokens (25,000,000 TXN) will be allocated to the community to incentivize developers, partners, strategists, and other members of the community who wants to leverage TraXion network to build new products and partnerships.
• 20% of tokens (100,000,000 TXN) will be allocated to TraXion’s parent company, Pluma Technologies Ltd, and will be held as a provision for future expenses, partnerships, business development, marketing and strategic acquisitions. Depending on future developments, a portion of these tokens could be allocated towards the reserve funds. Tokens will be locked by the smart contract for 12 months;
• 3% of tokens (15,000,000 TXN) will be used to eventually create a bounty program. The unused token will be reallocated back to the reserve.
• 2% of tokens (10,000,000 TXN) will be allocated for corporate social responsibility (CSR). It will serve as a grant given to its trusted charity donation platform gavagives.com to be used for the rewards program. Tokens will be issued to both donors and charity organizations based on certain conditions that will be stipulated in a smart contract. Conditions will be generally based on contribution (donors) and performance (charity org).

Fund Allocation

Initial funds will be poured out on adding more Hyperledger developers to complete more projects simultaneously to roll-out immediately to the market. TraXion is in the process of securing and finalizing partnerships with MasterCard and IBM. Currently, there are ongoing partnership contract reviews with 3 major banks in PH and 2 remittance companies.

The goal is to also roll out crypto-trading as soon as possible.

How can I join the whitelist?

Sign up by going here and following the listed steps: https://traxion.tech/register

When are the Pre-Sale dates?

• Pre-Sale Starts: 05/01/2018
• Pre-Sale Ends: 7/30/2018

What is the token price?

1 TXN = 0.00035 ETH

What will forms of payment be accepted?

ETH

What is the Pre-Sale Bonus Schedule?

There are 4 total tiers for each phase of the Pre-Sale with a total of 10 million tokens being issues for each tier:

• 40% bonus for the first tier
• 30% bonus for the second tier
• 20% bonus for the third tier
• 10% bonus for the fourth and final tier

What is the total number of TraXion coins?

The total number of tokens is 500 million (500,000,000) with up to 250 million (250,000,000) be issued in the Token Sale.

What is the Hard Cap for the ICO?

$45 Million USD

What will be done with unsold tokens?

Unsold tokens will go back to the reserve pool for the future sale.

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 will be consumed for platform development, which involves further improvements to the token utility.

What Are Some of the Short and Long-Term Benefits of TraXion?

TraXion Wallet

TraXion already has an already-in-place working wallet. It is currently already used as a white-label solution via gavagives.com. The wallet currently enables the transfer of funds collected by non-profit organizations to their chosen bank account through a disbursement gateway. This same wallet enables users to see all donations listings, data analytics, and other reports as well.

TraXion Payments

One of the latest budding payment integrators in the Philippines, TraXionPay is enabling more payment options for non-credit card holders and is already in place as a benefit for users. It has a simplified process for merchants and a more seamless payment experience for consumers. It allows for merchants to send and receive payments easily using more than 20+ payment options. TraXionPay adds value in the integration point and in the payment experience.

TraXion Fundraising Platform

TraXion also has a working fundraising platform in place. GavaGives.com is an end-to-end fundraising platform under Gava Technologies Inc. that empowers the nonprofit organization to improve and manage their donors and donations seamlessly. It offers more than 20 payment options and user-friendly management dashboard with analytics.

Healthcare and Other Services

Parachure, Azurrance, and BayaniHealth in the short term benefits users for hitting financial goals and offers them healthcare benefits along with insurance for auto, fire, property, and travel. These three unique solutions will be highly beneficial to users of TraXion’s platform.

Now that we’ve explored some of the already in place, short-term benefits of TraXion, let’s dive into some of the long-term benefits of TraXion’s platform as it will develop:

Public API

TraXion will allow merchants who are not necessarily part of TraXion’s platform to access its public API and enable them to participate in the TraXion ecosystem and receive payments, remittance, or donations using the TraXion wallet and tokens. These companies can maintain their own apps and integrate with our system through the API to receive payments, remittance or donations.

Cryptocurrency Trading System

The same TraXion wallet will host crypto-trading to enable users to trade their own TraXion (TXN) tokens with other cryptocurrencies. This solution will benefit users by allowing the user to have a seamless trading system in place right on their dashboard without the need for having to use an external exchange.

Peer-to-Peer Lending

In user’s wallets, they will be able to find lenders and borrowers for particular cases. Built-in deep machine learning will be used to mitigate risk by providing a credit score based on historical transactions, ability to pay and transact in the platform, and other factors. It will augment its facility with well-known third-party credit scoring systems per each jurisdiction.

All in all, these and many other features of TraXion’s all-in-one solution will offer many short and long-term benefits to its users. We look forward to being a complete Bank-In-A-Wallet solution and thus enabling the community to enjoy financial and banking products and services in a simpler yet secured decentralized application through the use of our tokens. Through the growth of our platform, the project will continue to benefit the unbanked and the charitable beneficiaries through transparency and accountability which will help eradicate corruption and bureaucracy to alleviate poverty all across the world.

Who Behind TraXion?

Ann Cuisia (CEO): With her 20+ years of information technology experience, she has led several women startup founders. Prior to entrepreneurship, she has advanced in the corporate scene of banking and finance and has spent a good number of years in payments and donations. She has been a pioneer in the Philippines for helping non-profit organizations achieve its digital transformation and online giving facilities. She is passionate about social impact and is now leading the whole TraXion direction on blockchain for the common good.

Tamer Maher (COO): Possesses 20+ years of experience in the software field, ranging from working as a software developer, project manager, product manager, scrum master, Chief Technology Officer, and VP Of Finance and Operations. Tamer has worked on consulting in different industries on different scales and helped numerous companies and entrepreneurs turn their business ideas into successful working companies. He also has global experience working with companies in US, Europe, and MENA region. In addition, he is PMP certified and holds an MBA.

Fernando Contreras Jr. (CTO): Fernando Contreras Jr. is a serial entrepreneur with over 30 years of experience in electronics and open source technology. He founded IPhil Communications, one of the first Internet service providers in the Philippines, and several companies including Imperium Group of Companies. He was a founding member of and held top positions in various trade and industry groups on Internet services and open source related technologies, was recognized by both local and international press on his work and achievements, and was part of the Top 10 Most Influential Filipinos on the Internet.

In addition to those names, The TraXion management team consists of an expert people with a diverse range of talents and skills. the names that are not less important than the TraXion team are; Juri Dela Rosa (Head of DevOps), Jojy Azurin (Head of Business Strategies), Raymonde Sawal (Marketing Head In Charge of UK), Iurii Znak (Marketing & Investment Consultant) Jourdan Sebastian (Market Influencer), Karl Del Val (Head of Marketing and UX), Christopher Asinas (Community Manager), and Michael Samonte (Lead Developer0.

Why Must Support TraXion?

Competent team with relevant skills

The TraXion team includes specialists with about 20+ years of combined experience in cryptocurrency, banking, blockchain and peer-to-peer technologies, payments, AI, cyber-security, internet marketing and economics, politics and PR.

Proof of concept and relevant products

Established a firm footing with GavaGives and TraXionPay.com with over 20 thousand members combined, and with a white label version of the TraXionWallet already in use by our customers.

Current contracts and partners

Unbanked people in the Philippines will now be able to use a prepaid TraXion MasterCard linked to a digital wallet to enable crypto transactions, peer-to-peer payments and lending. Onboarding up to a million SEACOOP members on the TraXion Wallet.

The network of users and organizations

Individuals, merchants, conglomerates, and non-profit organizations—all in a single infrastructure that enables a crypto economy free of obstruction, fraud, and bureaucracy.

Summary

TraXion is building an ecosystem where everybody can work together for the common good by enforcing data integrity, accountability, transparency, and trust. TraXion solution is a smart contract–enabled blockchain platform that is scalable, immutable, transparent and permissions.

TraXion aims to be a “Bank-In-A-Wallet” solution and Transitions you to a crypto-ready society, You can find out more about the TraXion project here at https://traxion.tech/ or Read the TraXion Whitepaper here: https://traxion.tech/documents/Traxion%20Whitepaper.pdf, or follow TraXion Social Media links below:

• Twitter: https://twitter.com/traxiontoken
• Facebook: https://www.facebook.com/traxiontech/
• Medium: https://medium.com/traxion-tech
• LinkedIn: https://www.linkedin.com/company/traxiontoken/
• YouTube: https://www.youtube.com/channel/UC7dCqbfGAc_-2VZ1ZvNv2IA
• Reddit: https://www.reddit.com/r/TraXion/

My BCT

Username: bajigur894784

Profile link: https://bitcointalk.org/index.php?action=profile;u=1238604;sa=summary

ETH address: 0xeF7154A48A81434bf700f4E889672bE84B9eF436