Introduction of TRAKX.IO project
"Trakx.io" project is building the first Crypto Tracker solution. Crypto Trackers are ERC20 asset-backed tokens that change proportionally to the percentage change in their benchmark, multiplied by a potential leverage factor, for any given day. It significantly reduces the complexity and fees associated with the setting of long and short positions on various cryptocurrency assets. It is also called Coin Traded Indices CTIs.
Each Crypto Tracker will be its own ERC20 token, and can be stored on Ethereum wallets as well as traded on Trakx.io. Users will be able to trade onto the platform digital tokens that are positively or negatively correlated to the tracked underlying crypto assets.
Trakx tokens (TKX) will be created on the basis of the Ethereum blockchain (ERC20 tokens). TKX will be compatible with third-party services wallets, and exchanges. Incentives will be created for token holders such as discounts on Trakx services and a token burn program.
Generally Trakx.io will extend the range of available cryptocurrency investing solutions through CTIs. CTIs will allow investors, ranging from retail to institutional, to replicate a combination of advanced investment strategies, with the aim to buy or short sell cryptocurrencies at a lower cost than the currently available solutions. Through CTIs, Trakx.io will also be the first platform to offer inverse trackers in the crypto investing realm. Trakx.io will make investing in CTIs a
seamless and straightforward experience: if a trader is bullish or bearish on a particular cryptocurrency or basket of
cryptocurrencies, she or he will simply buy the corresponding CTI.
Each CTI will issue its own ERC20 tokens, allowing for the implementation of smart-contracts, which will act as a
proof of ownership and a facilitator in the Crypto Tracker mechanism and fee-based model. In particular, these will
systematically enable the sharing of management fees between investors and Trakx.io.
Token sale will start since 01/01/2019 with total token supply 500M, end in 31 January 2019. Token exchange rate up to $0.1 per token
Currently its attractive bounty is in progress at https://bounty.trakx.io/6217/4853287
Below are great rewards & prizes for the bounty, deserve to save some time to earn
One of the core feature of Trakx.io resides in its platform where participants can seamlessly trade Crypto Trackers,
using Trakx.io utility token (TKX) and main cryptocurrencies (BTC, ETH, XRP). Users will be able invest even the
smallest amounts, and get a clear picture of current and past performance of their portfolio and other CTIs. The exchange will focus on transaction speed from the beginning and strict security so that people feel safety for their trading on this.