What is Traxx?
Token||Traxx is a cutting-edge new music platform with a vision to bring fresh innovation to reward people’s creativity fairly. It aims to forge a whole new way to create, curate and collect music through NFTs, enabling true creative freedom in music – something they are calling Music 3.0. Through the use of proprietary NFT technology, Token||Traxx will empower and transform artists to easily tokenise songs, albums, and merchandise – revolutionising the way fans engage with the artists they love.
The TRAXX token is an unregulated token that will facilitate the purchase of NFTs on the TOKEN TRAXX PLATFORM by paying Transaction fees. It will also provide holders with benefits and be used as an incentive for a platform use rewards programme (see sections below). As the platform grows additional utility may become available on the TOKEN TRAXX PLATFORM. The Token Traxx Platform is currently exploring defi use cases such as staking and loans, community benefits such as governance and specific music use cases such as facilitating the distribution of royalties and enabling streaming. All such matters are subject to legal advice and where appropriate regulatory approval.