A brief review of Trakx.io crypto trackers project
Trakx.io is a new concept of blockchain project, which started to emerge at the beginning of 2018, when it was officially created by Lionel REBIBO, the Founder and CEO.
Trakx.io is producing the latest generation of platform for trading of a new type of asset, called ''Crypto Trackers'' also known as CTIs (Coin Traded Indices).
Coin Traded Indices (CTIs) are digital basket of assets tokens which are playing a similar role than an ETF (Exchange Traded Funds) used by the traditional financial market, but CTIs applied specifically for cryptocurrencies.
TRX token will be using Ethereum blockchain (ERC20), with an emission of 250.000.000 token for sell @ 0.1 US$/1 TRX token (Soft cap 2.5 million$/Hard cap 15 million$). The crowd sale will start in January 2019.
Blockchain and cryptocurrencies are fast growing industries but still pretty young, existing only since 2009 with the creation of the first digital currency, the famous bitcoin (BTC). At the beginning Bitcoin and the others cryptocurrencies were only used by very few people as a new way for cross border electronic payment, faster than traditional transfer, cheaper, and more confidential (better privacy).
The market started slowly, with only very few blockchain project, with Ripple (XRP) among the earliest (2012). And the real push started two years ago at the beginning of 2017, when the crypto market cap reached an impressive level, from 20 billion up to 750 billion US$ at the end of the same year (+ 3500% in a year time). Despite since then the market went progressively done, at now less than 200 billion US$, that's still an incredible jump of +1.000%!!!!
Now day there is around 2000 cryptocurrencies existing on the market, and thousands of ICO project were launch, some successfully (only 10% according to various statistics), but the majority failed to reach their goals (insufficient fundraising, no product delivered, scam ICO….ect).
Despite the crypto market is still flooded with doubtful projects, there is some lightening innovation ideas that might bring a revolution in the blockchain space, and Trakx.io is definitively a promising new financial strong project.
As mentioned above, the crypto market is still at the very early stage of development, and a lot of innovation will be coming around blockchain, which might be integrated in most of industry/global economy in a nearest future, as blockchain is offering a lot of new possibility to improve the traditional way of doing business. And in particular, Blockchain and cryptocurrencies sector did not benefit so far from off-chain financial innovations as it’s the case with traditional stocks market (ETF, leverage, Inverse, Futures…ect). ETF market was multiplied by 800% in 10 years’ time (2008-18), and it will reach 7.6 Trillion US$ by 2020 (+1100%….). Investors in ETF have expressed the need of more niche differentiated products and longer performance history, which are the key targeted by Trakx.io project.
Potential crypto trackers assets under management (AUM) could represent today around 16 billion US$ (8.2% of 200bn US$), but of course it will be much higher when the overall crypto market cap will develop further (at least when it was 750bn at the end of 2017, this was meaning around 61.5bn US$!!!!).
Trakx.io came on board with a very smart new idea how to better used blockchain technology, and is already ahead in this direction as one of the only serious player.
Why Coin Traded Indices (CTIs) are a much better way to invest in cryptocurrencies?
Because it will be:
• Cheaper (you are buying a basket of several crypto, less fee),
• Easier and more secure (you choose what kind of sector you would like, for example smart contract platforms – ETH, NEO, EOS, TRX…ect – or digital private currencies – XMR, DASH, ZCL, BTCP….ect)
• More accessible to all type of investors (better visibility on type of sector and less risky than single cryptocurrency, new type of tradable assets – Inverse trackers, Levered trackers, basket trackers & stablecoin.
Only around 100 trading exchanges presently exist in the world market, but apart Trakx.io no one proposed these types of new financial assets. One of the major criticisms of cryptocurrencies is the lack of transparency (exchange not regulated and lack of law around cryptocurrency) as well as the difficult access for conventional investor to easy deal with crypto and invests on it.
That's one of the major reasons why so many enterprises had tried to launch an ETF on bitcoin, but up to now the US SEC has massively rejected them, leading the crypto market to a kind of ''depression'', that’s why we are seeing a huge step back in the market today.
Therefore CTIs might be a very new smart way to invest into cryptocurrency but without the same limiting factors as just mentioned above. It will be more easy for everyone to invest in crypto through this kind of instrument, but also cheaper and offering a less risky investment as you are not investing in one cryptocurrency but a basket of crypto, representing a sector/segment.
This new way of investing will definitively boost forward the cryptocurrency in overall, as well as the development of the blockchain sector, and most probably much more cash could then enter in the market, boosting the overall sector.
The future is there at our door, lets jump on the train and don't miss the tomorrow' solution ;-)
Good luck with the ICO and project development ;-)
For more information and to get the Whitepaper please feel free to check on Trakx.io web site:
www.trakx.io.com
Very nice Bounty/Contest campaign launched (500.000 US$ to share among participants), where the top winner can get as much as 25.000 US$ in TRX token!!!
Click below on this referral link:
https://bounty.trakx.io/6217/4881310