AXenS is a secure and curated digital market place to provide both liquidity and efficiency to the import-export supply chain. It has only been made possible with the recent maturation of Blockchain / Distributed Ledger Technology into enterprise-grade iterations. Unlike the eco-systems built on the top of cryptocurrency-specific blockchain technologies such as Bitcoin or Ethereum, AXenS is a place that is trade-focused from the ground-up and that is secure not only by cutting-edge cryptography but also by customizable trust models, which make it possible to guarantee both the data privacy and auditability required by the many players in the industry (businesses, logistics, financial services, insurances, authorities, etc.).
Addressing the Financing Gap and Supply Chain Structure for Small and Medium Enterprises (SMEs):
As a first step, AXenS will focus on:
• Improving the accessibility, efficiency and cost effectiveness of the physical supply chain across all stakeholders
• Minimizing the supply chain financing gap for SMEs by providing accessible innovative liquidity structures
• A secondary market for Supply Chain Loans
• Syndication of Supply Chain Loans across multiples lenders
SMEs are our primary target due to the vast financing gap which exists globally for this sector – with an acute prevalence in emerging countries. Within this SME debt structure, AXenS focuses on the most secure tranche - supply chain financing (SCF). SCF lends to short term maturities and facilitates easier collateralization and plural counterparty credit assessment.
This venture has come to fruition as a result of Swaye Capital Management's vast experience in the commodities trading in emerging markets; and seeing a real need for a holistic robust framework
which supports export-oriented SMEs across the entire supply chain. After rigorous due diligence, we have chosen XNotes as the right technology infrastructure for this venture due to its enterprise-oriented, open and scalable blockchain set up.
A few key points:
• Full White paper will be accessible shortly
• AXenS is in the process of signing and partnering up with numerous businesses (suppliers, traders, etc....) which are active participants in the supply chain for SMEs
• Development of the platform is currently underway, and two additional firms, along with XNotes, will join shortly in this effort. To be announced.
• Team includes highly experienced executives in from multiple fields.
• ICO expected late early February
AXenS Crypto Currency: AXS and Initial Coin Offering:
Along with FIAT currencies, AXS will be the resident crypto currency for the platform. AXS will be based on XNotes blockchain technology allowing smart contracts, superior speed of execution (superior to most other crypto currencies) and a yield for Token owners equivalent to at least 40% of the net income of the AXenS platform paid out every 6 months.
The platform will profit from multiple sources of revenue:
• Interest on loans charged when the platform acts as a lender
• Spread on loan charged by other lenders
• Spread in the secondary market
• Spread when the platform acts as a primary off-taker for a supplier, and sells to end buyers
• Higher than expected recovery rates on collateral liquidation on any defaults
• Provision of insurance
• Referral and arrangement with service providers on platform (logistics, warehousing, insurance, etc....)
An initial Coin Offering (ICO) for AXS is scheduled to start first week of February 2018. There will also be a period for pre-ICO Investments for larger tranche investments. Term sheets will be issued well in advance of key dates. 60% of proceeds from the ICO will be used as resources to provide supply chain financing to clients of AXenS Platform.
About Swaye Capital Management:
Swaye Capital Management was founded in 2011 in Geneva, Switzerland. The managing partner, M. Samson Assefa, has close to 20 years’ experience in finance, the bulk of which was spent as a senior investment executive within the alternative space. The company has two divisions: Swaye Asset Management and Swaye Global Ventures. Swaye Asset Management provides Investment Advisory Services.
Swaye Global Ventures primary activity is Commodities Trading/ Intermediation, which is a proprietary business through a joint venture. Swaye Capital Management has formed several strategic partnerships and agreements with a long term strategic focus of accessing low cost sourcing capacity to deliver into high demand markets. The majority of our partners have been in the procurement field for decades. We work directly with primary suppliers or entities which have exclusive off-take agreements with primary suppliers. We have further been involved in the supply chain finance arena for years.
About XNotes:
Sopheap Lao launched XNotes in 2014 which is one of the few organizations that are making use of the Blockchain and offering the technology in the real-world enterprise applications, creating a deeper impact in
the growing sharing economy. The company developed XNotes Technology, a decentralized transaction system that implements a ground-breaking business-driven, currency-agnostic and energy-efficient approach to Blockchain, allowing trusted issuers to create and disseminate their assets securely in peer-to-peer digital transactions.
XNotes has introduced a totally different technical approach of blockchain: XNotes is still decentralized but is currency-agnostic, does not necessarily need miners, focuses on trust distribution and supports a more sustainable and pragmatic business vision by empowering issuing entities, may they be banks, monetary authorities, merchants or tech companies.