Will This Travel ICO Revolutionize The Online Travel Industry?

in ethereum •  7 years ago  (edited)

As most people on Steemit, I absolutely love crypto currencies and getting rewarded for creating high quality content that people enjoy. As well as that, I'm also a big fan of traveling.

Unfortunately, I haven't come across a lot of ICOs targeting the travel space with viable business models and growth channels in the past... until today.

Meet Explorio, the world's first decentralized travel reviews platform.

I'm considering participating in their Steemit exclusive private pre-sale, because I love the idea and the team behind it. But there's more.

Video Explanation

You see... in 2017, for the first time in history, the global travel industry gross bookings reached $1.6 trillion, making it one of the fastest growing sectors in the entire world. That is more than 10% of the GDP of every single country in the world... combined!

Within this massive industry, we have the ‘travel information’ market, that includes websites like TripAdvisor, Yelp, Foursquare, etc. and it’s been reported that they affect up to 59% of all travel choices. But despite having so much influence, the travel information market is ripe for disruption.

Take TripAdvisor for example. Even though they are the biggest company for online travel reviews by far (made over $1.4 billion in revenues in 2016), its platform is filled with fake reviews, they have been alleged to delete people’s content for commercial reasons and their millions of users do not get rewarded for spending tons of hours contributing content.

The team at Explorio wants to change that by building a completely decentralized platform that rewards our authors with tokens and thus empowers them to travel the world by simply contributing high quality content on our platform (same like we have thousands of bloggers getting rewarded a great amount on Steemit).

The project was founded by Jacob Laukaitis, who has been traveling the world for the past 4.5 years while running various online companies (one of which has just been acquired in a seven-figures deal) and growing his YouTube travel channel to over 210,000 subscribers.

They are also supported by almost a dozen of prominent travel influencers, like Alexey Lyakh (1.1M followers on Instagram), Jackson Groves (246k followers on Instagram), Kara & Nate (190k subscribers on YouTube) and many others, including the most popular traveler on Steemit - Tim Said (17k followers on Steemit).

Not only that, they have a really strong people, who have spent years working at companies like TripAdvisor, Booking, Expedia, Google, Uber, Zapier and many others. Their ICO advisors have also done quite well and raised tens of thousands of Ethereum for their projects (Mysterium, CarVertical and AiGang).

The team at Explorio absolutely love Steemit and have been inspired by it for their project and that's why they've just launched a Steemit-focused private pre-sale that you can apply for right here.

They are working with a group of selected Steemit influencers to spread this message all across Steemit and I'm incredibly happy I've been chosen to present this opportunity to you guys as well!

So visit their website, apply for the private pre-sale and participate in the pre-sale until it's over. These guys say they are going to disrupt the online travel industry and I can't wait to see them make it happen. Let's help them achieve that goal!

If you want to learn more about the project, check out their white-paper here.

This post is just an information. As always remember to do your own research before investing into anything.
If you register using the link in article i may get some bonus.

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Really cool -- I am a HUGE advocate of crypto and travel -- I would love to see this implemented and used!! I am going to Vegas again soon :)

I like the point that you are an advocate of crypto,I suggest you can make something like a special blog on steemit or website, you will help a lot of people by answering some qustions about cryptos. People need something like that,I thought it would be useful and cool!

I would love to see this implemented

Well I don't travel a lot but this looks quite intriguing would be definition of travel and earn crypto :D

If this will realize then the crypto world will have a huge leap and will skyrocket again since travel is a huge industry and this will attract millions of new crypto investors and traders. Its a win-win situation for all of us cryptonians :)

@kingscrown Really, I do not know about explorio; I am going to read, for understand this app.
I enjoy cryptos and trips.

I would love to see this implemented

@sazeebking I love to travel, because it enriches my experiences.
It makes my soul feel free and happy. Will read.

Thanks for the heads up! Upvoted!

This is a great concept. I’ve been contributing to trip advisor for years as I’ve travelled quite a bit but getting rewarded for it would be awesome. Will they allow you to copy over old reviews?

Is this going to be built on the STEEM blockchain? If so then by virtue of holding Steem tokens, some of the value of Explorio will accrue to Steem. Am I thinking about it correctly?

Can I just confirm a few things. The white paper talks about timeframes in months but gives no indication when the timeline starts or if it has started? Are you saying we are 2 years away from full launch?

Also, you are looking to raise 25k ethereum, so approx $19m is that correct?

Travel ICO is good idea.

Nice i love travels as you know and this ICO looks amazing

It is a little unclear to me if this is going to be a SMT on the steemit blockchain.

i love to take photos on my travels

This is actually great news, @kingscrown! I've been contributing to TripAdvisor every time I go for a vacation. From hotels to activities, I always make time to provide reviews and firsthand experiences which can be helpful for the TripAdvisor community. However, I only get votes, but beyond that, nothing. I never knew there could be a better way besides that, until I knew about this Explorio.

Will give their whitepaper a read, and of course, hoping for the best for this ICO. Thanks once again!

Great article, thanks for sharing. I've smashed the upvote button for you! Will check out the white paper.

Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.

Finally interesting ICO after so many months of nothing. As a hard traveller I will follow this project. Thanks!

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thanks I would love to see this implemented

You said exactly the words. I and money are very good flute, and I think all the people of Pithri are very good flute, but how can I get it,
Thanks for you @kingscrown Sir

That is so interesting. Travellers can simpl start traveling and take out their expenses by sharing their experiences. Have you heard about the Xcel trip tokens? You don't get paid to share anything but it is also a decentralized platform for travelers.

Well post dear

@kingscrown thanks for this info... I love cryptocurrency and I make quality articles... But how do I join the contest?

Wow couldn't asked for more, amzing

Cool Dapp!

This appears to be a very suitable pair - taking advantage of the blockchain's immutability to address the deletions of posts.

Steemit's slow account creation process does mitigate the fake, spam posts issue as well so I hope this review platform implements something similar.

Yes here is only those people success whichtcreating high quality content. I am often try to write good but i donot make such type of post as i am not english speaker.

Release the Kraken! You got a 44.25% upvote from @seakraken courtesy of @kingscrown!

SO COOL

Only time will tell

Explorio will be amazing!

The hype for cryptocurrency has reached a fever pitch.
While investors try to guess the rise and fall of bitcoin, we believe the underlying blockchain technology is far more important and will be more impactful worldwide, across all industries, than cryptocurrency alone.
Let’s take a look at the areas where Blockchain could transform travel.

Great post!
Thanks for tasting the eden!

At last people who work really hard for quality content will get rewarded. The reward problem of people working really hard is not only at travelers, many sectors and people suffer from it. This makes me happy to see at least one group will get what they deserve. Great job.

Sir, your post very beautiful... you are a great man and this very good information.....

Please Stop - @rzaman

You just said "very beautiful","your post very" and in your your last 100 comments you used 47 phrases considered to be spam and you made this exact same comment 1 times. You've received 4 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 66.30% and Bot: 2.50%

Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.

Check out UTour.io - it's a Chinese company building a similar ICO to be launched at the end of summer

soo good

This is a great project and honestly it's high time the industry experience a little disruption. Currently one of the issues I have with the older resources available to travelers is a lack of updated information as well as the blatant bias some reviews seem to express. I like that the value and accuracy of the content will first be reviewed by the community and look forward to see how much of a difference this project will bring.

Good luck

The project is very difficult to implement, there are a lot of open questions in white paper. In my opinion, serious investments in this project are unacceptable. The same Tokengo looks much more attractive, where it is more and more simple and transparent with a good prospect of development.

another interesting project

This looks like a very interesting project, but one important thing to consider:

With websites like Trip Advisor and such, it's somewhat easy to spot the fake reviews. Also, because no one gets financially rewarded, people trust the opinions expressed.

But what happens when you're rewarded for your travel reviews? Your ranking goes higher and your posts become more visible, and soon enough the homepage (like steemit) is threatened by being overwhelmed with "top" posts that are controlled by a very small % of the community. What then stops businesses (hotels, restaurants, etc) from paying these authors to make positive reviews about them? They could do that and the reader would never know...Like, the monetization of the review automatically gives it less credibility...

Not to say that this potential problem doesn't have a solution; of course there are many ways to prevent this, and it seems like the team is at least somewhat aware of this and taking some steps to prevent this from happening.

This is a great concept. I’ve been contributing to trip advisor for years as I’ve travelled quite a bit but getting rewarded for it would be awesome. Will they allow you to copy over old reviews?

@tangerinetravels, you might wanna see this. :-)

I guess thats the thing that travelers need. Its kinda impossible to find accurate information in apps like tripadvisor and etc.

Oh finally my dreams come true !

Thanks for sharing your words.

That is an amazing idea. I think the biggest challenge is to make the tokens valuable in terms of using the to travel. It would require to make the token usable for hotels, airlines, restaurants etc. The only hint I found in the white paper is that Explorio will have a kind of an affiliate system. Is there more information available on how these tokens could be used for traveling?

it will be next telegram ;] ?? I hope that they will change something beacuse i hat bots but they are everyway

It would be very good if the project is achieved, there are things to make clear, the hotel and flight companies should be part of the project.

thats sound great!!!!! i want to know more about it

mira @leolin31 esta bueno este proyecto amor

You got a 15.29% upvote from @dailyupvotes courtesy of @kingscrown!

Please upvote this comment to support the service.

it's looks like a nice project :)

A dream that could come true!

immutable ledgers for reviews! sounds like a good concept !

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Great concept love to see how things work..!.. I like the way you are trying to eliminate low quality contents ...

Waiting to Start with the #explorio. ..for a new Travelling experience & Content Creations.

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Posted using Partiko Android

The project looks very promising although I have never traveled in my life but with the cryptocurrencies everything is possible and capable that allows me to make my first trip.

Two powerful markets together such as cryptocurrencies and flights will make that coin reach the moon, I will enter the page to read more about the project.

Thank you very much @kingscrown

While travel and Crypto are my two biggest interests, I'm having two issues with this concept:

  1. even though there are a lot of fake reviews, for me - the traveller - they are not a huge problem. I use Booking.com, Tripadvisor and Foursquare A LOT and if I read a little bit between the lines in 99% of the cases I find the sum of all reviews quite accurate.

  2. In my opinion, it makes a lot of sense to reward content creators on Steemit but I think it doesn't make so much sense for travel reviews. The reasons are:
    a) The value of Social Media Sites is based 100% on the content that their contributors provide. This is not the case for Booking websites. Their value is mainly based on how many hotels / accommodations you can book for the cheapest price.
    b) There is not so much differentiation potential for hotel/restaurant reviews compared to blog entries. The difference between good bloggers and bad bloggers is huge. But reviews are all about "the bed is too hard/too soft, the beach is too far away, the beer in the bar was warm or I had to queue 10 minutes at the breakfast buffet".

What do you think?

  ·  7 years ago Reveal Comment

So basically its a Steemit version of Tripadvisor. Hardly innovative but not a terrible idea.

  ·  7 years ago (edited)

We are all travelers in this world and the best we can find is a unique place to share those experiences and give the opportunity to those who can not at least move to those places by the stories and photography that this road (Explorio) gives us, it seems a excellent initiative, I mention some of the words of @ned this afternoon in NYC by the Consensus 2018 "This is about building networks and empowering people, content is more important than blockchain" can see here https://steemit.com/consensus/@jmhb85/participation-of-ned-scott-ceo-of-steemit-in-consensus-2018

By the way I would like to bring this information to the steemit community in Spanish, would you agree that I can translate it?

This is a very interesting idea. I travel a lot and would love to contribute for real rewards, instead of just useless badges and discounts.

This is indeed a unque crypto, hope it will do good

I've joined .. yeay