✨Genesis & Issuance

Genesis

TRAXX was created on the 14th of March 2022 and made available for purchase by SORS DIGITAL ASSETS LIMITED (SORS).

Since then, TRAXX became available on Centralised Exchanges (CEX) AscendEX and BitMart, as well as Decentralised Exchange (DEX) ApeSwap.

New CEX and DEX listings are in the pipeline, poised to further increase the liquidity and off and on-ramp services to Fiat (government-issued currencies).

Issuance

The issuance of TRAXX is effected through a regulatory-compliant structure and overseen by TokenTraxx founder, Sors Digital Assets, designated as a Virtual Digital Asset Service Provider by the Central Bank of Ireland.

Users of the platform will pay a fee to TokenTraxx when purchasing/selling digital collectibles and TokenTraxx will use a portion of this revenue to purchase TRAXX on the market.

Some portion of this revenue is used to buy back the equivalent amount of TRAXX as issued under the Activity Rewards Protocol, which is outlined below. This TRAXX will be placed in an out-of-circulation wallet.

TokenTraxx will aim for the number of TRAXX released in the market by the “Activity Rewards” mechanism to be similar to the number of TRAXX “bought back through the revenue.”