KuKoin, the most popular and appreciated cryptocurrency exchange platform based in Hong Kong, listed Traxia (TMT) which is the first cryptocurrency to implement the new Cardano (ADA) smart contracts technology. TMT will trade on KuKoin against the Bitcoin (BTC) and Ethereum (ETH) trading pairs.
The new cryptocurrency rolled out on June 6th after ending a very successful ICO during which it raised over $15,1 million.
The announcement of this addition, significantly surged the TMT price against the USD, rocketing to $0.044, after growing up by about 25%, right after KuKoin listed the crypto coin. However, the craze after the announcement stopped slightly and the support reduced. At the moment of this writing, Traxia (TMT) is trading at $0.040, recording a growth of only 16% in the last 24 hours. Therefore, TMT dropped about 9% since the KuKoin announcement.
What is Traxia (TMT)?
Traxia (TMT) admits that it is a “decentralized global trade finance ecosystem” which targets the development of an open and decentralized marketplace for both enterprises and individuals for exchanging invoices.
As said above, TMT is a new entry in the cryptocurrencies market but promises to be strong crypto, eventually. At this moment, we don’t know many details regarding this one, except that it has a total supply of 1 billion TMT and its last 24 hours trading volumes slightly exceed $1,8 million.
Traxia (TMT) is the first cryptocurrency network to work on Cardano (ADA) smart contracts technology
The Traxia invoices trading platform will be operated by the new Cardano (ADA) smart contracts technology which will handle each operation and transaction occurring within the Traxia (TMT) marketplace.
However, at this moment, this trading platform doesn’t use crypto coins in its design but, as they recently announced, Traxia (TMT) marketplace will ultimately integrate with Cardano (ADA) network by the end of the year.
Even though is an eight days old coin, its future sounds bright, so it wouldn’t hurt to keep an eye on this one, especially since KuKoin listed Traxia (TMT).
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.