Traxia price is $0.00004998
As of today, the price of Traxia (TMT) has increased to $ 0.00004998.
Traxia is a unique B2B trade finance platform. The platform essentially allows SMEs (Small and Medium Enterprises) to use their account receivables, which are owed monies resulting from sales, as collateral to gain access to short-term funding. This is a significant boon for small companies, which often struggle to maintain cash flow due to delayed payments. Notably, Traxia is the first project backed by Cardano through Emurgo, its investment arm.
While specific individuals behind Traxia's creation are not mentioned, it's important to note that it is the first project invested in by Cardano, an eminent blockchain platform, through their investment arm, Emurgo. It is quite a feat for Traxia, considering Cardano's reputation in the global crypto market.
Traxia is designed to provide a solution for SMEs struggling with cash flow due to late payments by enabling them access to short-term funding. They do this by tokenizing their debt securities, essentially converting these into digital tokens available for trading. Institutional investors can then purchase and trade these tokenized debts on a global market.
Several factors make Traxia notably unique. Firstly, it is the first project invested in by Emurgo, Cardano's investment arm, which speaks volumes about its potential. Secondly, Traxia targets a massive global market worth $43 trillion, providing a blockchain-based solution to a widespread problem faced by SMEs around the world. Thirdly, Traxia is beyond the conceptual stage with a functional platform to its credit. It even had the first use-case with Porsche Design in China, which vouches for its practical utility and success.
Traxia is currently ranked at position #3542 with a market cap of $ 23.8K. The total supply of Traxia (TMT) tokens is 1000.0M, out of which the circulating supply is 476.4M.
Traxia (TMT ) can be bought on any of the following exchanges: KuCoin. Remember, it’s critical to keep your cryptocurrencies in a secure wallet and to do thorough research before investing.
The current 24-hour trading volume of Traxia is 0.0. It's a measure of how much of the currency is being bought and sold, and can provide an indication of the liquidity and popularity of the Traxia token.
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