Traxia is the first adopter of the Cardano Ecosystem and current plans are for Traxia to migrate to Cardano in late 2018. Below are the latest videos from the LiqEase and Emurgo teams. These are excellent short takes and you won’t be disappointed with the quality of the videos and information provided.
I put the first 3 videos to get straight to the points for people short on time, followed by the remaining videos for people who would like to do more research.
How does Traxia work?
How is Traxia different from others?
What is the problem to be solved with Traxia?
Why is Cardano invested in Traxia and LiqEase?
The Team:
The Traxia advisors and LiqEase leaders:
What has been built so far (software development)?
Who is who and their experience?
How do you see the future of Blockchain?
By Darren Camas
I hope you enjoy the playlist and made finding the info easier.
This list is the latest videos created by the team just last week. I made a list on my youtube channel and put it in a logical sequence if you want to go straight to Youtube and watch it there
Not completely clear on this, just did a little googling which did not help much! However, I believe the token is required for the payment of platform fees (eg to register an invoice), while the actual invoice trading will occur in fiat. The supply is fixed, the exact amount is not yet determined because when all ICO and related (eg bounty) activities are complete the remaining tokens will be burned.
Later: it just occurred to me, if a company merely thinks they might at some point use the platform, and believes the tokens are likely to rise in price, or at least unlikely to lose much value, then it’s in their interest to buy plenty of TMT and hold it.
I do not currently hold any TMT. I considered getting in on the ICO, but I couldn’t wrap my head around the same issue that you just pointed out @ZCryt0Knight. Given that Traxia will eventually migrate onto the Cardano network, I think that this will increase transaction volume (in ADA) on the Cardano network and ultimately contribute to the value of ADA. I don’t know where TMT fits here, but I just assumed that Traxia would migrate from TMT to ADA. Any clarity on this would be greatly appreciated.
TMT will run on a side chain, I think, or maybe be implemented using smart contracts, I’m a bit hazy on that side of things, but it will definitely not be supplanted by ADA. It’s similar in principle at least to how all these other tokens - - including TMT! - - run on the ethereum system ATM.
Thank you @RobJF for the clarification. I will do a little more digging on Traxia and then perhaps pick up some TMT while it is still cheap.
So the smart contracts will be transacted in TMT or ADA? If the TMT have no such utility, then TMT is a “security” running on the Cardano network and the success of Traxia would be more accretive (or correlated with ) to the value of ADA, not TMT. I’m trying assess the reason for investing in TMT.
The cost of sending TMT is in TMT now, I don’t see why that should change. But who knows?
Edit: on second thoughts, there’s a technical difference between ETH and gas which doesn’t exist in Cardano. What and how exchanges charge for withdrawals is a different thing, though I guess in the case of ETH it covers the gas.
I had seen a video where Charles eluded to the idea that Ada could be the gas for other currencies operating on Cardano. Like when I send TMT from wallet to wallet I must have ETH in the sending wallet, which is annoying. Kill me with a thousand paper cuts when it comes to ETH.
OK, that rings a bell with me too now. But TMT doesn’t require gas. Sorry, the current ERC20 implementation doesn’t, maybe the Cardano one could, though I doubt it, it would make the transition difficult.
Oops, just saw your edit, have to rethink now…
I haven’t moved TMT around, only received it, so I wasn’t aware. My bad!
