Breaking News Alert!
Over the last few days, The Traxia Foundation has hinted that there are some major strategic changes approaching. Now, we are finally ready to reveal these changes to you in their entirety.
The Highlights:
To achieve even greater success with our project, we are proud to announce that we are able to reduce the hard cap from $41.4 million to just $15.1 million USD. This was achieved by confirming a partnership with Quark Finance. We believe that the change will also make it easier for the TMT to be listed on more exchanges.
To give our investors a bigger slice of the pie, we have reduced the new TMT price to $0.055 USD (previously $0.15 USD).
To test our platform, we have joined forces with a new client for a test project. We will be collaborating with Dupont, one of the most successful science and engineering companies in the world.
Hard Cap Reduced To $15.1 Million After Successful Partnership With Quark Finance
Initially, we had set $41.4 million USD as our hard cap, which we realize was a high number. As we explained in our whitepaper and on the FAQ page of our website, this was needed due to a big portion of our budget going to Loan Warehousing. To be more exact this would take 64 percent of our budget but was necessary to ensure that the matching process did not become a bottleneck for the ecosystem. We needed to be able to prove the concept in the initial trial period and make decentralization possible over the mid- to long-term.
Since our Pre-Sale launched on Feb. 25, there has been a lot of market instability. Because we were able to quickly realize that this would influence our sales, we immediately started to look for a strategic shift. We knew that an optimum solution would help reduce our hard cap. Given its importance, compromising on Loan Warehousing just wasnāt an option for us. Luckily, our team was looking for alternative solutions from the start, and we were able to establish a partnership with Quark Finance that made a reduction possible. Since the latter will take care of the Warehousing facility initially budgeted in the Traxia whitepaper at $26 million USD, we were able to reduce the hard cap to just $15.1 million USD.
Increasing āYour Slice Of The Pieā
For token holders like many of you, hard cap reduction is a pretty big advantage. The new TMT price will be reduced to $0.055 USD (previously $0.15 USD), which means that with the same investment amount, you will now have a bigger āslice of the pie.ā In addition, all the discounts previously given will be maintained in the same proportion. For example; a person that bought 1 TMT on April 5 with a 20 percent discount at $0.12 USD will now have 3.4 TMT (This works out to the same $0.12 USD worth of investment multiplied by a factor of 2.727, reflecting the new price).
In the next 48-hours, we will update the My Contribution page of our webpage to reflect the changes. Be sure to check in to see how much your contribution grew! On the other hand, if you are still deciding to buy our tokens, now is a good time to invest. Hitting the hard cap is closer than ever!
@TommyTommy as far as I know, there is not planned air drop. I have not seen any writings about it. However the current sale at 0.05 USD puts the buy in price pretty low and maybe there will be other incentive activities. There is a youtuber on the Traxia Telegram channel who is having a contest to win up to 4500 Traxia for promoting his youtube channel.
The moment I read the e-mail I got really excited with the partnershipā¦already budgeting to buy another 0.5 ETH worth of TMT before the end of the monthā¦
I registered for the Traxio ICO as it seemed like a good project to invest in. As i have sat on the side lines for all ICOās ivāe been interested in, i thought I would take a chance here.
yesterday to test and make sure it works i sent out 50 ADA tokenās. how long does it take for those tokens to show up on https://www.traxia.co/my-contribution??
I would like to invest more but want to make sure iām not throwing my hard earned cash away.
how has everyone elseās experience been with it.
When I contributed on 4/9/2018, it took 24 hours to showā¦I share your feelings of apprehension, but this project is backed by Emurgo and that made me feel betterā¦NO RISK, NO GAINā¦
I just checkedā¦your contribution is there, along with your TMTā¦
Mine showed up the next day as well. the strange thing i saw though is the from address was different than the one i registered with traxia. i guess Daedalus sends with multiple addresses. the second transaction used the proper one.
While filling out the questions for the whitelist, one question asks: If you will purchase TMT using ADA, please leave that ADA address. Would this be the receive address that they show on their website (DdzFFzCqrhsf8mG5xcUfETss9AT2KCi5pzrS3t6FavjQzaboBjy1S5PYRD4xtLsdzot8GxZYu32eUq3bH5NePJvYBprote4VvrLkgjpt)
Do I have to wait for an email back from them that confirms Iāve been whitelisted before sending ADA?
Iām assuming that address is the address I would input into my Daedalus wallet under the send section.
Not sure if you must state your nationality or citizenship, might as well try huh?
No, you will want to input your wallet address so they can verify they receive funds from you, it is the first faq answered on their site:
FAQ
So, I just send my contribution to this address? How do you know it came from me?
We can see the address where all the contributions came from and we will match that with the KYC process. For that reason, you have to use the same address that you registered with during KYC
These guys have been through the process maybe they can answer your last question @rickymac@pesuazo@bsandberg
Thanks for the feedback. I donāt have an ETH wallet so Iām unable to completely fill out the whitelist questionnaire. Iāll probably just skip this one.
I just downloaded Jaxx and was able to complete whitelist registration. Just waiting for them to process the documents and email me back. Hopefully I can do this before April 30th, taking advantage of the $.0495 discount. Thanks
