Traxia ICO — A Quick Guide for TMT Token Sale

The Traxia platform will use an Initial Coin Offering to generate their total coin supply of 1 billion.

The crowdsale and token creation will organize around the Ethereum blockchain, requiring it’s participants to send either Ethereum (ETH) or Cardano (ADA) to the specified public key.

Tokens will be available for purchase at a rate of $0.15 USD. After the sale, the purchased TMT will be sent to the ETH wallet address provided during purchase.

The total TMT supply will be distributed in the following manner:

70% of the tokens will eventually be distributed amongst the community, advisers, and bounty participants.
20% will be allocated to the development team and early backers.
10% will be allocated to company’s treasury.

Proceeds from the Token Sale will be distributed approximately in five areas of business. The percentages and USD amounts provided below represent a maximum portion of the budget, and will therefore total more than 100%.

33% ($5M) for business development and sales. This covers salaries and relevant expenses.
20% ($3M) for the development of smart contracts.
10% ($1.5M) for legal fees required to establish the company and write contracts and licenses.
10% ($1.5M) set aside as a “liquidity buffer” to manage unexpected costs.
64% ($26.4M) for Traxia’s Loan Warehousing program.

Traxia will be the first ICO to launch on the Cardano platform. The company is partnered with a popular FinTech company called LiqEase, who holds a “deep expertise in launching and executing digital projects successfully both independently and for large corporations”.

Team member profiles can be found at www.traxia.co

Disclaimer: As with all investments, you should do your own research. The information provided in this article is focused primarily on bringing the facts out of the white paper to supplement your due diligence. The quotations provided are from Traxia’s white paper.
Author Account

Links:
Bounty Info — https://bitcointalk.org/index.php?topic=3021679.0
Telegram — https://t.me/traxiafoundation
Whitepaper (PDF)-https://docs.wixstatic.com/ugd/baba69_30f719c55f344ab7ae44715a4d287811.pdf