🪙The TRAXX Token

What is the TRAXX token?

TRAXX is both a platform and an exchange token that currently facilitates purchases of music-related digital collectibles on the TokenTraxx Marketplace and TRAXX Studios. However, with the rollout of new products, the token’s initial and main utility, which allows Creators to monetise their music and reward their fans, will expand.

Among other utility features, the platform’s transactional token also enables users to:

• Monetise digital collectibles by offering these in exchange for TRAXX.

• Stake your TRAXX to become a member and access exclusive benefits.

• Actively participate in our membership quests and rewards to earn TRAXX.

• Purchases of traxx studio and services creator services and studio pricing 10% discount.

Where can I get TRAXX tokens?

The TRAXX token is currently available on the following CEXs:

• AscendEX (BitMax): https://ascendex.com/en/cashtrade-spottrading/usdt/traxx?inviteCode=ASDH38HE

• BitMart: https://www.bitmart.com/trade/en-US?symbol=TRAXX_USDT&r=PjkAFy

Additional pools and availability through DEXs are on the way!

Token Contract Addresses

• Ethereum and Polygon: 0xd43be54c1aedf7ee4099104f2dae4ea88b18a249

• Zilliqa: zil1smjmvjz0f8hc9vgrpfzx6kd5l7u3dusscfjd

Supply Reduction Mechanism

Fees generated by the activities within TRAXX Studios will result in TRAXX tokens being taken out of the market. As there is a fixed capacity of TRAXX, this will increase the value of each individual Studio Token and benefit the community as a whole – driving a decentralised and self-sustainable system.