I'm pleased to inform you that we are only 24 hours away from the Pre-ICO of TEXCOIN.
Concept
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The Trade Exchange (TEX) brings a revolutionary new disruptive concept to the world of international trade with the introduction of an Alibaba style platform that integrates the power of the Blockchain and a decentralized ledger to simplify and revolutionize the complex world of import and exports. It is envisaged that the TEX platform will form a critical bridge between American and Chinese trade by providing a central place where products can be listed and sourced, deals can be negotiated, and payments can be transacted all via single payment method (TEXCOIN) with all of the contract details remaining unchangeable on >the Blockchain.
TEX stands for openness, fairness, and the reduction of the current influence that banking institutions have over trade through their strangle hold on payment methods and letters of credit. No matter where you are in the world you should be facing an even playing field when it comes to negotiating and transacting with overseas manufacturers. Presently, this isn't the case with smaller importer/exporters and often the banking and foreign exchange fees alone make it difficult to complete with larger operators. Imagine having an open trade platform that doesn't rely upon financial institutions or the costs around the use of fiat currency. No middleman...just you deciding with whom and how to trade with someone.
Benefits
Use of the Trade Exchange (TEX) platform is intended to provide the following benefits:
-The elimination or reduction of Foreign Exchange (FX) costs and risks.
-The elimination of the need for letters of credit and financial institutions within the export transaction process.
-A significant increase in the simplicity and convenience of entering into import and export transactions.
-An improvement in openness and trust through the use of an immutable ledger.
-A more accurate way of recording and reporting international trade transactions.
TEXCOIN: Waves Token ID: 68XWWEmAUoLHXGFy6n8nb6M5c2WrSrekiWSPx8VT7e1e
This project is very impressive, and if the platform is adopted by the wider commodities training community it has the potential to explode. Making these tokens used exclusively on the TEX trading platform unimaginably important.
Remember that the big dog in global trade are worth ridiculous amounts of money.
Whitepaper can be found here. TEXCOIN Whitepaper
This PDF is an auto download, and can also be found on the Texcoin website.
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