Background of Traxia
One day around the world about 43 trillion dollars of debt city or commercial debt, with the bank financing only about $ 3 trillion of the total (Kimber, 2016). There is a gap at a detailed level.
Global trade volume is about $ 1.6 trillion, mostly from Asian companies (Asian Development Bank, 2016). ICC refers to trade.
Funding has not been met as "oil" in international trade machinery and heights, and demand for such financing (ICC, 2017).
This gap is the result of erroneous matching in terms of the demand for commercial credit related and liquidity funds provided. They are not available proportionately in multinationals and large companies - the upper part of the market - they are consistently absent in the SME sector (ICC, 2017). Just tell me, small and medium enterprises.
Facing a few options besides accepting payment terms for their adult customers, no problem
How difficult they are. FinTech has solved this gap in global trade finance. However, in the absence of new tools and markets linking and bringing together different business actors, new firms can not make a big difference.
The current gap in trade finance is due to the following main themes (IMF, 2016):
1. Lack of trust and cooperation among banks has led to economic weakness that has not been offset by the limited growth of open funding or letters of credit (L / C).
2. Restrictions on Transparency Due to the lack of reliable data across the value chain for commercial finance In periods of lack of confidence and transparency, commercial finance actors (private banks, export credit agencies and regional development) seem to have their resources (WTO, 2008). For comprehensive and reliable data on trade finance transactions.
3. Limited market liquidity and higher price differentials Major banks have reported that some incidents that can not obtain competitive financing have been costed by many financial transactions.
4. Bureaucracy and Infinite Documents The digitization of trade finance is far from mainstream. The provider has promised digital letters of credit and shipping data for years, but most companies and banks still exchange paper documents (ICC, 2017). SMEs are good for GDP and employ two-thirds of global employees (World Economic Forum, 2015). The first constraint to the growth faced by small and medium-sized enterprises worldwide is access to finance (ILO, 2015). This is not a new issue and the financial crisis in 2008 will only exacerbate the problem.
Many local retail banks, often the major suppliers of SME financing, have lost their need to take risky small and medium-sized loans. The number of SMEs with a global credit limit in 2015 is estimated at US $ 2 trillion (World Economic Forum, 2015).
SMEs represent more than half of the world's gross domestic product and use two-thirds of the global labor force (World Economic Forum, 2015). The biggest obstacle to growth faced by SMEs worldwide is access to finance (ILO, 2015). This is not a new issue and the financial crisis in 2008 will only exacerbate the problem. Many local retail banks, small and medium-sized enterprises, are no longer willing to take risky loans from small and medium-sized enterprises. It is estimated that SMEs have reached a global credit gap of US $ 2 trillion in 2015 (World Economic Forum, 2015).
TRAXIA for what?
In our ecosystem vendor we download the invoice, the buyer executes the smart contract, the liquidity provider will provide liquidity, and the investor will recover the newly created digital assets.
What is TMT TOKEN?
Token Membership Trauma (TMT) is a useful symbol of Traxia (Swiss law) that provides access to our ecosystem.
Each time the publisher provider adds a new invoice to the system, TMT must be purchased as a broker to complete the admission price.
The price for the TMT will reduced during the pre-Sale and early sale:
Pre-sale:
- 220.000.000 TMT
- 40% Discount
- 19.800.000 max. USD
Token sale week 1:
- 180.000.000 TMT
- 20% Discount
- 21.600.000 max. USD
Token sale week 2:
- 180.000.000 TMT
- 10% Discount
- 24.300.000 max. USD
Token sale week 3:
- 180.000.000 TMT
- 0% Discount
- 27.000.000 max. USD
Roadmap Traxia
Product Architecture and Development Roadmap:
V1 (alpha) January 2018
V1 (beta) March 2018
Monolith API (PHP), web clients (Angular 4 / Typescript)
V2 April 2018
Monolith API (PHP), web clients (Angular 4 / Typescript)
V3 June / July 2018
Microservice API (NodeJS/Typescript/GraphQL), webclient
(ReactJS/Typescript/Redux), mobileclient (React Native/Typescript/Redux)
For other info about the Traxia, please visit the following links:
• WEBSITE: https://www.traxia.co/
• WHITEPAPER: https://goo.gl/8afHXv
• ANN: https://bitcointalk.org/index.php?topic=3019695.0
• TWITTER: https://twitter.com/TraxiaNetwork
• FACEBOOK: https://www.facebook.com/TraxiaFoundation/
• TELEGRAM: https://t.me/traxiafoundation
Bitcointalk user name : pathi87
https://bitcointalk.org/index.php?action=profile;u=1168550