I have not invested in an ICO up until now. Even when EOS launched I preferred to buy up what I could afford on various exchanges. However today I found the Travelcoin ICO and jumped on board. I have always loved the idea of traveling as I think many people do. After all the #travel tag is very popular here on steemit. @sweetsssj is a very good example of how popular posting about travel can be on steemit with very successful travel posts.
Also there is the fact that the travel is a $1 Trillion industry for vacations alone! A great niche for crypto I would say....
Without further delay here is a snippet from the Travelcoin WhitePaper that should get you up to speed.
From The WhitePaper
Welcome to the latest generation of cryptocurrency smart contract tokens – Travelcoin (TRV). These tokens have the potential to revolutionize the travel industry as it will allow travelers, agencies and transportation systems to come together inTravelcoin’s self-sufficient ERC20s standard token ecosystem with a global community. Thanks to the innovative business model under pinned by these Blockchain based tokens, everyone in possession of Travel coins will have the opportunity to enjoy unique benefits such as lower costs, avoidance of double 2 spending while making bookings, no double bookings, and a faster way to secure travel and vacation deals.
When rolled out in accordance to our projected roadmap, the Travelcoin smart travel platform plans to disrupt the worldwide travel industry for the everyday commute as well as the vacations get away. It will deliver transparency by removing transaction overheads due to currency conversions, help avoid potential double spending as seen in travel bookings and ensure real time booking due to Blockchain smart contracts. Travelcoin is envisioned to deliver long term value to its owners.
No tokens will be issued after the ICO crowd-sale thereby placing a limit on the supply. As the Travelcoin enabled eco system grows, the utility of Travelcoin will rise automatically. The intrinsic value of the token is deemed to increase accordingly. The travel industry, alone for vacations, is valued at over $1 trillion dollars a year (US) and the industry as a whole makes up for 10% of world spending at over $7.6 trillion. Travelcoin is the first of its kind specifically designed to connect the Blockchain and the travel workflows. If you’re an avid traveler, investor, trader, or speculator it’s tough to ignore the potential of the Blockchain in the travel industry.
Travelcoin (TRV) is a blockchai n protocol that is customized for the travel industry using smart contract technology. The Travelcoin protocol and its Decentralized Applications (DAPPs) targets key travel benefits and allows for instant bookings, spendable rewards points, from anywhere in the world at the lowest fees. The Travelcoin smart contracts ecosystem makes this possible by handling the sale (contract) of the ticket between the ticket holder and the traveler through the Travelcoin ecosystem. Travelcoin (TRV) tokens are required to run the Travelcoin ecosystem through the ether network as ‘fuel’. While initially you can use the TRV tokens as currency on the Ethereum network, however in the long run it is meant to keep the Travelcoin blockchain running.
When you buy Travelcoins (TRV) in the ICO crowd-sale (initial coin offering), you are capturing a piece of the Travelcoin protocol that will run the future Travelcoin DAPPs. 1 TRV can be divisible to 16 decimal places... therefore you are actually
obtaining 1.000000000000000 TRV. To back our early supporters, Travelcoin will also sustain its momentum by charging a reseller fee of 0.000005 TRV to post a ticket on our platform... It might be a fraction of a penny but it allows ticket holders to have the best travel commerce platform in the world with virtually 24/7 ptime. As the Travel ecosystem grows, so will the value of your TRV tokens. You will be able to hold your TRV funds, exchange it with other ether based tokens instantly or use it in the Travelcoin ecosystem to make ticket purchases. Through an experienced team, we are dedicated in ensuring that we constantly create value in the TRV travel hub thereby delivering value increase to the early TRV token and token holders. Continue reading from Source pdf
Travelcoin Smart Contracts
Introducing The Travel Coin CEOS Emal afi
More Info
To date I have purchased 16 TVR as a start. I like the idea that Travelcoins are a blockchain technology that use smart contracts.
I am looking forward to all your comments. I am very excited by this ICO and would like to know what steemians think about this idea of a travel coin.
Sounds very interesting and will see growth I am sure. Thanks for sharing @bitminter and good luck!
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.travelcoins.io/wp-content/uploads/2017/07/Travelcoin_ICO_WhitePaper_2017.pdf
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