Jul 24 2018

Overcoming the Impending Financial Issue through Traxion

The world is now set in a rapid motion, where the flow of information is almost instantaneously in almost every place. You can see the growth of the business nearly every day, and thanks to the blockchain, we can see the rapid growth of the crypto-based platform every day across the globe. Many of the business is also have disrupted the primary form of the conventional market and overtaking the business mainstream, so the result is the massive growth of the decentralized kind of business which is far from any traditional business which tends to be more centralized. The business growth nowadays the global economic optimism that is very delightful to see and feel in some place of the earth. But unfortunately, the reality kicks in, and it kicks hard. The global economic growth, as well as the significant innovation only felt in a quarter of the world, which are centered in the USA and Western Europe, and some in Far East Asia. But as for the rest of it, the African, the south-east Asian, and the rest of the world still stagnates and experience little to no impact of such turbulence.

The main reason for this occurrence is the economic gap between the Asian and the western countries. The difference is so full to the point where almost all sorts of capital that circulates in the world are centered in just both regions. The Asian and the rest of the world still struggling very hard to stabilize their countries and enhancing the structural basis for further economic improvement. But the lag is too far, so we don’t know when the Asian and the African nations are going to catch up the western countries. This phenomenon cannot be left standing, as the world leaders and the experts are formulating the solution for the rest of the world concerning their problems.  But several issues are tough to tackle down, and those are several reasons why they are lagging behind the western countries.

  1. Corruption

When we talk about crime like the one that hampers progress, we don’t mean that many western nations are immune to the fraud. But the fact is, the corruption in the Asian and African government are way higher than the west of states and making their government are unable to tackle the most basic issue, which is the poverty. The poverty that is faced with many Asian nations is mostly systematic poverty which is the human-made poverty that is caused by the inability of the government to react or simply put, the ignorance of their people condition. There are a lot of negative consequences when a country is infested with corruption, which is the economic recovery will be tough due to the crime that taking the government’s money, and the construction that will never end due to the polemic of the project that is infested with crime.

  1. Trust issues

Many developing countries are also having some degree of the trust issues against the government and the banking system. They perceive the banking system is a coherent evil and thus is not to be trusted. This makes few people are employing the services of the banks and thus making the transaction way harder. The transaction that can be conducted via bank is the simple and fastest form of an operation using digital credits rather a physical one. This makes the business are far from the bank services and thus making the industry harder to be approached. The bank also will provide several degrees of security to store the money, since it will be way safer than saving your millions of money in the bedsheet, or under the pillow. The most logical place to store the huge amount of money is the bank, and therefore more people should enter the service coverage of the bank.

  1. Technological gap

One says that the technology is the key to the prosperity, and that is entirely true. Many western countries have been so successful in developing their countries because the master the proper technology to do it. Here in Asia, the technology adoption is way behind the western countries and therefore they are still maintaining their nations with the traditional way which are proved to be inefficient and ineffective. The adoption of technology is mandatory to make people’s life, and as well as the government and business affairs were easier. The adoption of technology in Asian nations is gradually increasing but at a languid pace.  The penetration of technology is also required to open up a new market and thus creating a new business, just like the crypto-based platform is already doing it for years.

  1. Education

This is one of the most crucial issues in the developing countries, that is the root of the lag in technological adoption in so many Asian and African countries. The qualities of the education in the south-east Asian nations are quite lacking, where the infrastructure of the educational system in staggering conditions. In Indonesia alone, thousands of students are left without a proper teacher, making them improperly educated.  The lack of educational system will make the countries lagging in almost every sector, such as the technology, economy, and so forth. Many citizens of it state will be encouraged to become a worker, rather than a businessman, which is not a good sign of an economic recovery.

Those issues are ravaging the countries in Asian and African regions, and thus creating a considerable prosperity gap between the western states with the rest of the world. As long as those issues stand out, poverty will still become a significant issue for the rest of the world. A solution is a need, to ignite the small economic movement, and to elevate the situation of the poor. It also needs to be transparent and open so that all people can enjoy the benefit of them.

To know more about the financial situation in many countries, you may refer to those web pages below.

https://traxion.tech/

https://bitcointalk.org/index.php?topic=3043553.0

https://traxion.tech/documents/Traxion%20Whitepaper.pdf


Countering Financial Issues With Traxion

Fortunately, the situation is not as dire as we all imagine. More and more platform is growing to solve the financial issues by creating more business field that can be used to alleviate the poverty in some areas. The advancement of technology also allows many forms of business and job field to pop up and employing thousands of people monthly. The progress is tangible, and we can see it clearly in our own eyes, but that is still not tackling the five issues that we have already mentioned above. The financial problem that is faced with the world requires hand in hand cooperation between the government and the private sector to cope up, and thus ending the economic issue, and that is where the role of the Traxion platforms kicks in.

Traxion is a blockchain platform that is unique and different from the rest of the platform for several reasons. The platform, unlike with the other form of the platform is disrupting the whole financial situation. The current trend of the blockchain platform is just obstructing one particular business field such as the photography, the publisher and so forth. But that is not the solution that we seek since those solutions are too specific to be practical in the whole of the financial situation that is already broken and ravaged by corruption. The one thing that is disrupted by the traxion platform is the way of the transaction between the stakeholders, and this is very important since we can say that transaction is the vein of the business and economy, the easier it gets, the better of economic situation will be.

The platform will counter several issues, they are:

  1. Bridging the whole market

The traxion is not searching for market domination, but they want to bridge the economic activity between the stakeholders and thus making the economy much better and stable. Nowadays there are a lot of currencies that circulate in the world economy, and they are the cryptocurrency that is developed by the platform, and the fiat currencies that is the standard currencies just like dollars and euro. Those currencies need to be bridged so that they can be used in all forms of the transaction to make it easier for the customer to approach the market, no matter what currency they have.  The solution also needs some broad coverage so that many merchants can apply this mechanism, and the platform becomes very practical for the people.

  1. Bring transparency to the government

This platform also brings a daring quest which Is to provide the government some degree of transparency so that any the money that the government obtained be it the international aid, debt or whatsoever can be tracked and detected by the platform used. The transparency is one of the crucial issues as it is the reasons for the corruption that still lingers in the third world country. The slide will provide the deterrence effect to the corruptor so that they will not be corrupting the government’s money again. That is a very far step in destroying the corruption cycle in one country. The platform will display the current wealth of the government that is going to be distributed among the people, and thus the amount of the received money must be an exact number of the money that is displayed.

  1. Encouraging the small business to develop

The development of small business is a good sign for the lower economy since they are the sign of the economic recoveries that is shown among the people. Those small businesses need to be ignited since they are the small business with small capital and in no capacity competing the big companies. The platform will provide the market and the means of the transaction for them so that the customer can access your goods safer, faster and better the market will also very wide since the platform will receive any money, be it the fiat currencies and the cryptocurrencies. In fact, the platform will encompass a massive amount of the small business so that they will be integrated into one ecosystem, which is the traxion ecosystem.

  1. Alleviating economic situation

This is more like a long-term plan and goals. Once the process of the transaction has been speeding up, more and more people are growing their own business, the people gaining more money using the platform. Therefore the economic situation can be elevated, and more people will have their prosperity increased. This goal will become feasible after the usage of the platform has encompassed so many merchants and attract more users.

For more information concerning the platform, you can access the webpage below.

https://traxion.tech/

https://traxion.tech/documents/Traxion%20Whitepaper.pdf

The Token Sale And ICO

Just like any other crypto platform that has their token,  so that this platform is. The platform has their token named by the traction token or TXN and now is currently on sale. There is three type of sales that is occurred in the platform, which are the private sale, the pre-sale, and the crowd sale. The private sale has the cap around 10 million tokens and contains the bonus up to 50% of the token sale. The private sale is already over, and now the platform is moving to the pre-sale.

The pre-sale has the cap around 40 million tokens and will have the bonus starting from 40% to 10%, which declines by about 10% each week.  Currently, the token sale almost reaches the cap, and the companies are preparing to meet the crowd sale, in the early of August 2018. The crowd sale yields the most significant amount of token that will be sold, which are about 200 million tokens and have no bonus. The period of the deal will take place about six weeks, and will be automatically concluded once the cap has already reached.

The token usage will be to do some transaction inside the platform, and also crucial for the user to get the reward too.  The user can also vest the token so that they can gain the better price for each of their token in the future. the token also can be exchanged in any fiat currencies such as dollars and euro in any places.

For the token usage and token sale, you may refer to the webpage below.

https://www.facebook.com/Traxion.tech/

http://t.me/TraxionICO

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

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