This is a digital cryptocurrency business model that would be based on peer to peer framework and it would be an open source platform. It would be based on a decentralized cryptocurrency based framework which is being tailored for the Global transport industry on land. Tracoin is a unique business model being proposed to help smoothen out the transactions that take place in the land-based transportation industry across the globe. It would make use of smart contracts, blockchain technology, and other technological innovations to overcome many of the challenges that the land-based transportation industry faces.
It also proposes to implement certain measures that would help improve the efficiency of land-based transportation services. Users will find enhanced levels of safety and comfort as they use such services.
Features of Tracoin model
This model will be based on a cryptocurrency that would be compatible with ethereum.
- It would integrate into user wallets easily and can be used for trading, either e as direct transfers or in the forming of smart contracts.
- The token of this platform would be used as a means of payment for different land transport services that would exist within this ecosystem.
- Users will be able to access special offers from different transport companies, driver profiles, and other features.
- Those who sign up to use transportation services through this ecosystem can avail of discounts on transaction fees.
- Users but also on tokens when they introduce clients or as intermediary commissions.
Valuation of Tracoin tokens
If the platform grows with increasing participation of different transport companies, then this, in turn, will increase users on the platform. As there would be a limited supply of the cryptocurrency token, with the popularity of the program its valuation would rise. It is expected that, with the increased integration of different transportation programs on this platform, there would be more demand of token based services.
Viability of the business model
The team behind Tracoin is confident that there are long-term prospects for this business model. It wishes to alleviate any concerns that investors might have about the stability of the token which would reflect viability of the business model. Hence there is a unique buyback plan put in place that would be put up every year in the open market after the ICO event is completed. Tracoin would get listed on crypto currency exchanges and the company would buy it back at steady rates. This in turn will help stabilize prices of the token as well as lead to increase in its valuation over time.
Advisors behind Tracoin
One can verify the profiles of the advisory members on board the Tracoin business venture. Joshuwa Roomsburg acts as the digital marketing advisor while Nikolay Shkilev acts as a block chain expert along with Anna Shkilyova who is an ICO expert among several others.
Should you invest in Tracoin?
Given the unique business model proposed by this venture along with the unique buyback plan of the company, it would certainly be a lucrative investment opportunity. The company starts its ICO event shortly.Token details
ERC-20 Compatible
Total supply: 12,000,000
Symbol: TCN
ICO Start date: 6th Apr 2018
ICO End date: 6th May 2018
ICO Price: 0.6 USD
Links
Website: https://tracoin.co/
Whitepaper: https://www.tracoin.co/static/ico/images/content/tracoin.pdf
Telegram: https://t.me/joinchat/GmbpwBFakARKX8zLHXTOJg
Posted from my blog with SteemPress : https://icoshrimp.com/tracoin-proposes-to-take-land-transport-to-digital-framework/