What Is GTraX (GTRX)? Complete Guide & Review About GTraX

What Is GTraX (GTRX)?

GTrax was created to innovatively improve and solve the problems of severe economic inequality and wealth concentration at a time when economic globalization is accelerating. Using the advantages of blockchain such as irreversibility, transaction transparency, forgery prevention, and low transaction costs, they will solve these problems.

With the existing financial settlement companies’ networks, basic global services can be secured, but for those in third countries or financial barren areas where the network cannot reach, the problem can be solved by linking the blockchain network if the transaction costs and operation are reasonably simple and convenient.

Besides, GTraX Coin aims to lower transaction cost by establishing a blockchain based fee system in order to achieve much more competitive transaction costs compared to existing card companies and financial settlement companies.

Important Points Table Of GTrax

GTraX Mission

G-Trax was created to innovatively improve and solve the problems of severe economic inequality and wealth concentration at a time when economic globalization is accelerating. Using the advantages of blockchain such as irreversibility, transaction transparency, forgery prevention, and low transaction costs, they will solve these problems. With the existing financial settlement companies’ networks, basic global services can be secured, but for those in third countries or financial barren areas where the network cannot reach.

The problem can be solved by linking the blockchain network if the transaction costs and operation are reasonably simple and convenient. Besides, we aim to lower transaction cost by establishing a blockchain based fee system in order to achieve much more competitive transaction costs compared to existing card companies and financial settlement companies.

Furthermore, they plan to enhance competitiveness by introducing the advantages of various discounts and linked services provided by existing financial companies as much as possible so that users can also enjoy the existing benefits of using their current credit cards. Additionally, we plan to offer revenue to vendors and payment gateway providers that offer payment services, so global payment members can participate voluntarily.

GTraX Ecosystem Participants

Existing global card company

Provides financial settlement network services and receives royalties.

Global local PG company(payment gateway:payment service provider)

Secures more merchants by providing high service fees to merchants.

Merchants using payment service(Merchants)

Reach more consumers with more diverse payment methods and more diverse payment currencies.

Personal card user

Additional revenue generated by innovation in financial networks will benefit consumers.

GTraX Coin

Due to the global nature of the project, a large portion of funds are used for international legal advisory services to ensure compliance with different financial regulations in different countries. The funding plan will be implemented simultaneously to ensure our users receive maximum benefits.

GTraX ERC20 Network

Securing members through low fees, expanding merchants through various payments, Users of GtraX Pay are the greatest beneficiaries of our services and profits.The ERC20 blockchain system introduced to G-trax builds a global network in detail to eliminate financial blind spots and solve the
problems of the existing payment service. Stable transaction through the implementation of high TPS (TPS: Transaction per second)

Preventing transaction information leakage through the immutability of blockchain Increase user benefits with low blockchain fees The benefits received by financial platform participants are again provided as a reward to individual users

GTraX Token Ecosystem

Existing global card company

The cost of establishing an independent network without utilizing existing global card companies’ dense payment networks is actually much higher. Therefore, they plan to secure access to the existing financial service market by using the backbone (the core part) of existing card companies as they are. Through this, the dual network method will be introduced to those third countries and financially barren areas in order to secure the cost and service area at the same time.

Global local PG company (payment gateway: payment service provider)

As companies in charge of local transactions of global card companies in the local area, they play the most important role in smooth payment in the local area. They will encourage companies to participate and transact by providing them with higher payment fees compared to existing companies.

Merchants using payment service

As a merchant where actual consumers make card payments, they are very sensitive to payment fees. By maximizing the advantages of the low fee of the block chain method, the fee is significantly lower than that of existing card companies. In addition, they will enable various payment methods such as Ethereum, Bitcoin, Tron, and GtraX coin as well as the existing dollar, euro, and yuan, so that more merchants will voluntarily join the network.