Here is trick! The “tech” eco-system will be develped with the help of cardano (via emurgo) and the b2b ecosystem by Liqease - in way they have a separate company Just for that
- "LiqEase digitizes assets using blockchain tech with the goal to reduce payment terms for SMEs in B2B trade and provide investors with the opportunity to profit from such a new asset class.LiqEase (Hong Kong, as Emurgo) is the technology provider for the Traxia Foundation (regstd in Zug, Swiss as Cardano F) which provides a blockchain ecosystem for Trade Finance
thank you for your reply
may i know how the company make profit?
if they earn back the token, what they going to do with the token and how they going to pay their employee?
There is something very basic I need someone to explain me which applies for a lot of ICOs
- Why should i buy into the underlying block chain technology of a business except insane speculation? In contrast, for me this is like buying a piece of R&D or drug in a pharma company without holding any shares hoping it will be worth more but never having any use for it in the future and knowing it can only be used for that given purpose.
Could the Traxia be successful? Yes. Could I as a holder expect increases in the token value? I dont see it happening necessarily except speculation.
I get it, it’s a tech commodity but why do they do “ICO”'s instead of ordinary fund raisers? The only answer i can think of is not appealing.
- Why would they need to go public with a coin to be traded in the market at all if only customers of Traxia intend to use it? In essence they could peg the damn thing and only make it available to users and customers and thus save all the trouble of inviting the scum of the earth into it leading to what i would consider a better and more reliable product.
The idea and the potential is incredible. I work in finance and im confident that blockchain technology will be applied in major corporations and ERP systems to solve the same issues in 10 years. The potential is too big. Money, time and resources will be saved big time. Only difference is it will be based on the technology not necessarily a publicly traded token like this.
Imagine (utopia) a fully integrated supply chain and financial model including intercompany, GR/IR, AP and AR. That would release 100+ FTEs easy per MNE not to mention the positive impact on financial KPIs. Banking fees are neglible next to that.
This is beyond my expertise but could the same functionality not be built into ADA as a side-chain or interoperate? If two companies were holding ADA why would i absolutely need Traxia?
That is like saying “Why should I buy stocks or bonds when I can just buy dollars, or yen, or gold?”
Buying Traxia is an investment. A complex investment though, so I try not to overthink it. I like how the Liquease and Emurgo group already have a business model too, and not just a bunch of software engineers. Although software engineers are cool, the crypto space is flooded with them. Traxia has a bunch of MBAs and people who know how international trade works.
That is comparing apples and pears. I think i am more saying why buy the product of a startup rather than a stake/share in the company?
I realize the second is not an option in crypto space at current so i would like to get some legitimate arguments for the first one and how the value of the token can be expected to grow proportionally with the success of the company?
Yeah you have a good point, kinda apples and pears in my comparison there. I will be honest with you I don’t know all the bloody details of how international trade works, but what I do know is that it involves a lot of money, and a lot of “certificates” to move goods from country to country and track money. Traxia , or Emurgo and Liqease, looks like they are trying to replace these paper certificates, money transactions, and middle men in the process so they can get better access to investor money and improve long delays in cash flow.
So I look at it like this when I bought some Traxia… Ada is a currency that you would use to buy a product. Traxia is like a vehicle that carries a product. But neither one of them are the actual physical product.
Traxia will likely have to contain a lot of meta data, signatures, and even the invoice or a blank spot to put an invoice I suppose, I read a little here and guess little there, filling in the blanks. Traxia is like the certificate that allows you to operate on a international trade blockchain and store the information needed by sellers and buyers. The product for Traxia is the information and exchange of value between the sellers, buyers and investors. Instead of having a server farm and a bunch of trusted agent middle men storing and tracking the process, you are using a blockchain of Traxia storing all the invoices, agreements, signatures, and payment information. So purchasing Traxia is like purchasing the infrastructure, and as that infrastructure comes under greater demand the value of that infrastructure will go up. So it’s like Liquease and Emurgo are giving us a chance to invest early in the infrastructure that will be used to move international trade business to a blockchain.
Here is an example… I used to be in the military and pulled some duty enforcing UN sanctions. I was a grunt, not a decision maker or policy maker. Our team would board oil laden vessels transiting the Arabian Gulf from various countries and verify they were legit, and we would try to catch smugglers - people moving ships and oil illegally. The operators of these ships could not use real money like Dinar or Dollars (or Ada) to buy and move oil. They had to buy these certificates in Bahrain that were tracked and accounted and had anti-counterfeiting features on them. These certificates represented like 25,000 barrels of oil each so they would need a small stack of these papers for their payload ( the actual product being oil). The purpose of the certificates was to keep oil money from going to terrorists or bad actors, and all money was tracked. They would use various currencies to purchase these certificates and the certificates were worth a fortune (worth so much that some merchants would try to counterfeit them). So I guess in my mind I am comparing Traxia to the certificates. And as the price of oil would rise and fall, or the value of currency would rise and fall, these papers value would change as well.
I really don’t understand the whole thing, I have to place a little bit of trust that those smart people at Liqease and Emurgo with MBA degrees and trade experience know what they are doing. I am just taking a gamble on people and Traxia improving the international trade finance stream causing Traxia to go up in value.
the question still left unanswered
If traxia profit is their own coin, how they going to pay their employee and shareholder? the employee cant buy food with traxia token unless they dump it back on the market.
(i know you have the fund from ico but eventually it going to run out, so relying on ico fund is not sustainable, the purpose of you running business is profit)
and how traxia guarantee it will protects the interest of the token holder (aka customer) since the token is not security?
Good but complex questions. I don’t have the answers. But I as far as paying the employees, casinos do not pay their employees with casino chips. If I am a New York Stock trader, I don’t get paid in stocks, I get paid for trading stocks to people who buy them.
most people dont aware the cause and effect here
comparing casino and stock to traxia business model is illogical
casino can pay their employee with fiat because they sell their chip in fiat all the time, it is a sustainable business, they make money every time they sell their chip and the chip supply in unlimited, casino can print as much as chip they want
traders earn on market speculation, they sold the stock and convert to fiat
all this two business ultimately convert back their stock/chip back to fiat
but traxia only sell their chip one time (during ico, or few time if they still keep the coin), the purpose of buying traxia token is somehow we can trade for their product(this include service or right to use), which mean traxia income is token.
here is the paradox, if traxia do not have fiat income and traxia income is token, they definitely dump their token for fiat or bitcoin so that they can pay their employee, this mean the company think that their token is not worth holding, and why should the token holder “invest” the token?
second, if traxia has fiat income, what make traxia will not forsake its token ecosystem and concentrating earning fiat money? Traxia token is not security, 0 guarantee on protecting “investor” right
if you can understand no people will buy casino chip and think it is an investment, why cant you understand buying traxia token is not an investment too?
which is what basically i want to say
how traxia make money?
casino keep earn fiat money by reselling their chip, the interest of other customer who buy the chip will not be affected if other customer dump back the chip to casino and this also will not affect the interest of casino because casino earn money not by selling the chip but actually by profit from probability game(only few make profit)
trading is also a probability game to a certain level (only few make profit)
but traxia is not gambling business, traxia provide clear business service, there is no reason for me to “invest” the token same like i dont “invest” in casino chip and expect the chip value will grow
and if you want to speculate traxia token just like the trader, then this is not an investment, it is speculation and basically you can speculate with other 1500 coins out there.
i am not against traxia or whatever
basically this is problem faced by 99% of ico
the only ico that fulfill the true purpose of the ico, is pos cryptocurrency with governance system
because it has both “voting right”+“dividend”
Traxia extended the 20% discount sale time until April 16th. https://www.traxia.co/token-sale-info
It is still difficult to understand, but this article explains things a little more simple.
Now I am trying to understand if Traxia is a side change to Ada? Or is it a separate chain that communicates via the Daedalus wallet?
Is there any sources that claim thing like this? Would be interested to read those.
If there’re no such sources than I would assume the simplest and most probable thing - that Traxia will just be launched as ERC20-equivalent on the Cardano CL.
Cardano CL will itself be a sidechain (or multiple sidechains) to the main Cardano SL. And Traxial will just deploy their smart-contract[s], producing a custom user asset (token). Much the same way as it done on Ethereum.
Yes I read on the Traxia web site it will deploy as an ERC20 token on June 6 and then convert to Cardano in December.
Oh, that’s just mean that they’re gonna launch their smart-contract[s] on the Cardano CL and create their custom token. There’s still no specifics on how they will airdrop new token to all the people that hold their ERC20, and I think they are gonna get some support from IOHK on this issue, since they are acting as the first ever “reference example” on this process, meaning that other projects will follow their example. But no separate sidechain is required for their project, just a standard token.