Introduction
It is about creating a decentralized travel industry where no external agent is involved other than buyer and seller. It aims to create an ecosystem of open working which promotes equality and affordability. The key concept of PallyCoin is perfectly suitable for the travel industry, as the main aim of the cryptocurrency is to remove the third party in a transaction between two people and travel industry is full of third parties. A person wants to travel to a place and should only pay only to people directly involved in making his travel, a comfortable experience.
PallyCoin is making things simpler and straightforward. It will create jobs which are main concern for people around the world. Miners who provide required services shall be paid. PallyCoin is about creating a decentralized travel industry which thrives on people directly involved in the process.
Agenda Addressed
The main concern of people during travelling is a lot of uncertainty involved during whole tour and planning. The stress level is high and mainly people are searching for economical and affordable travel. More and more people are travelling across the world.
The millennial is a major contributing factor in this large group. This system of function which is currently working and widely accepted has created lot of scope for the third party which are taking full advantage of it and becoming industry leader with no innovation
The travelling cost now is too high because of many reasons but most important one is involvement of external party which charges heavily leading to the high cost to end users. According to a report, by 2020, more than 370 million travelers will consist of millennials. Global travel expenditure has also increased and given the improvement in transport efficiency and economic development around the world. So, these factors suggest a better framework of the efficient decentralized travel system.
Unique solution
Pally Social: This is the app which has been launched to support this framework. It has seen tremendous response among users. To gain interaction and transaction, this app provides total integration of many such features.
1. PallyCoin
The working of this pallyCoin is rather simple where any two people are involved in the transaction then they should mutually decide the transaction. The blockchain is the backbone of this idea. It provides the required expertise to realize the full potential of the travel industry.
2. Pally Wallet
It is the digital wallet which will be used for digital transaction and storage. To support the digital framework, it is an effective tool.
Technologies
Blockchain
It is a decentralized, distributed, digital network which forms the backbone of cryptocurrency. It is a technology invented to support the bitcoin; most famous cryptocurrency in the world. This technology has taken many industries by storm since it has disrupted their business model altogether creating innovative solutions.
In the blockchain technology, A and B have two digital keys namely Public key and Private key where A shares his public key which is verified by B through its Private key creating a block with additional information such as time of the transaction, history of particular cryptocurrency, and Hash code. The exclusion of an external agent in the system makes it a unique and powerful idea.
Smart Contract
To support the cross-functionality and ICO (Initial coin offering), this creates a framework for interaction between Pally social and pally adventures. Examples include pally adventure: pally social, pally mining: payment to the miner.
Token Sale Information
Pally coin: 100 million tokens available
- Pre-launch date: 25th August 2017
- ICO token launch: This will take place in four tiers from 15th October to
13th November 2017 with a total of 50 million tokens up for sale.
Why Should You Participate
This is world's first decentralized smart travel system which aims to build a community of frequent travellers and social experienced people who want to enjoy a hassle-free, cheaper and affordable trip. The initial coin offering of the PallyCoin was sold out in 11 minutes which speaks volumes about the interest among the public. It is backed by Industry professionals having years of experience in the space of travel, finance, product, banking, operation etc.
The future is here which demands better system to facilitate the comfortable experience of people travelling all over the world. To build a community which interacts with like-minded people who love to share and believe in the future of travel innovation. The PallyCoin is the right solution for creating a system in which there are no external agents.
Website: https://www.pally.co/
Whitepaper: https://www.pally.co/doc/en_whitepaper.pdf
Written by: ollivander7
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1069616