TRAXIA (TMT)

Traxia is a B2B trade finance platform that allows SMEs to access short-term funding by using their accounts receivables as collateral. Institutional investors can buy and trade this newly created tokenized debt securities on a global market. TMT is an ERC20 utility token that serves as a currency on the Traxia platform. How does it actually work? 1) A Small Medium Enterprise (SME) creates a profile and Uploads their invoices with a large multinational company (MNC) to the platform. 2) The MNC verifies the invoice and if in agreement with the terms, accepts the debt by using their private key. 3) We create a digital asset (smart-contract) out of that invoice - this debt security can now be traded. 4) Institutional investors make an offer to buy this debt security at a discount 5) The Investor who bids the lowest discount acquires the debt security token by paying the SME in a Fiat currency. 6) The Investor now owns the security. He can also trade it on a secondary market. 7) On the due date, the MNC pays the investor or the current holder of the debt security back in fiat currency.
Rank 698
Price $ 0.003761
Market Capitalization $ 1,851,960
24 Hours Volume $ 18,790
Available Supply 492,353,333 TMT
Total Supply 1,000,000,000 TMT
Change (1 Hour) -0.41%
Change (24 Hours) -0.45%
Change (7 Days) 4.72%
Source: CoinMarketCap
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