Project website: https://www.airsavetravel.com/
AirSave travel is a way to save and earn for travelling. It is a social platform, built on blockchain, for several reasons, to name that blockchain is a trustworthy exchange, there is no central point of failure, it is safe, transparent and immutable and low transaction costs.
Part of the system is decentralized application, which will be built next year. Dapp will be used to reward users, who save for their travel, as well as reward users with AirSave miles.
It is an interesting system for travel saving, based on referrals in the application. User shall put fixed amount of money in the app, it is minimum 20£, and start referring friends, and be rewarded for each friend that join the network. For each friend that join the network, you will be rewarded with 5£, each month. Service fee, or a profit income for airsave travel will also be 25%. You are not obliged to pay service fee until you reach number of users necessary to be on the positive side with earnings, so each user is protected from the fact that you have to pay service fee for usage of the platform, and when your number of referrals is enough to get reward that is higher than service fee, you enter the zone where you get positive difference between these two numbers.
Two types of tokens will be available in the app, ASTC token and TASH token. User will be obliged to get part of their savings in TASH token, namely 20%. TASH are decentralized travel tokens.
This transform saving process into a social process, that will be based on blockchain, so will be transparent to users, while generate steady returns to users. Number of users on the platform is particularly high in China for now.
Public sale is planned for next year, pre-sale is in progress. Pre-sale is planned as an auction, where bidders are bidding for certain number of tokens and 34% of whole token number will be offered for sale in the pre-sale process. Three months after sale ASTC tokens will not be transferrable.
KYC will be based on Civic application.
More details in whitepaper: https://www.airsavetravel.com/doc/Whitepaper_ASTC_Buy.pdf