Whether you’re commuting to work or travelling overseas for a vacation, travel is a part of most people’s everyday life. The industry alone for vacations is valued at over $1 trillion dollars a year (US) and the travel 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 block chain and travel. If you’re an avid traveler, investor, trader, or speculator it’s tough to ignore the potential of the block chain in the travel industry.
Travelcoin dives into a worldwide travel industry for the everyday commute as well as the vacation get away. Say goodbye to paying hidden fees, double booking seats, points you can’t spend, and say hello to real time booking and the lowest fee’s in the market.
Major travel outlet sites like Expedia/hotels.com/Trivago/Travelocity etc charge a minimum of 7.5% fee for booking through their website. Travelcoin will offer the lowest fee of any other travel sites while offering a platform that incorporates all forms of travel and many improvements to today’s major travel sites.
We are in the biggest currency shift in human history and Travelcoin is going to be the biggest travel smart contract system in the world. Travelcoin smart tokens will be used in the travel industry and bring all travel ecosystems together with a public travel blockchain. The future will be space flights, air travel, drones and self-driving cars. To meet future demands Team Travelcoin has positioned itself to meet the future travel needs of humanity.
Travelcoin (TRV) is a blockchain 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 re seller 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 uptime. 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.
Why should someone buy Travelcoin?
Travelcoin is a self-sufficient blockchain and fuels itself by the fee it generates on each transaction. This means over time the more transactions being done the more Travelcoin will be burned creating a shortage of coins which will increase the value of the coin. Travelcoin blockchain will be the future of travel transactions because, it is customized to handle travel ticketing systems as our DAPPs have customized fields to integrate with current travel systems where ticket holders and rewards programs can integrate on one platform and make travel commerce convenient for the end user.
As more vendors and more users come onto the Travelcoin platform, the more demand for the Travelcoin ecosystem will be and therefore raising the value of the coin itself.
Why is Travelcoin better than other Cryptocurrencies?
We have a huge industry to work with; we have a fantastic team with real contacts in the industry. With no other coin structured for the Travel industry, Travelcoin has captured the biggest industry in the cryptocurrency market. With our specific integration into developing the best coin to be used in the travel industry this will allow for adaptation into the real world markets to be as painless as possible and that’s a huge advantage Travelcoin can bring over any other coins in the world today.
Features of the Travelcoin
Lowest Fee’s: Travelcoin will offer a 1% fee. That’s significantly lower than any other booking website!
No double booking: Using Travelcoin’s smart contract system and the speed of the blockchain you’ll never have to worry about double booking again.
Spendable Rewards Anytime: A rewards program with a set dollar figure involved for each point and spendable anytime is long overdue in the travel industry. That’s why Travelcoin will be implementing a rewards program to users that allows them to earn cash back with purchases.
Trip Planner: With the integration of all major travel medians this will allow for Travelcoin to offer the best trip planner ever seen, with travel from point “A” to point “B” at the best rate.
Real Time Booking: Using Travelcoins smart contracts and the blockchain users will have bookings confirmed in real time.
Reseller Services: Ever booked a trip and then tried to cancel? Not the easiest thing to do unless it’s for a medical emergency and they usually charge a hefty fee for a cancellation. At Travelcoin you’ll be able to sell previously booked vacations/tours/trips to another traveler.
Integration with daily Travel: Travelcoin will offer solutions for the everyday traveler, bus, taxi, or just carpooling to be a few of the solutions offered.
Create your own travel destination for others: Travelcoin will allow users to create their own destinations for others whether it’s a cottage, beach house, or simply carpooling downtown. Travelcoin will offer many ways users can offer their services in exchange for Travelcoin.
Travel Trends
The travel sector makes up for 4% of total worldwide employment with over 120 million people working in the industry
$800 Billion is invested annually into the industry yearly
Travel sites make an average 7.5% commission per booking
The time share industry is valued at 130 billion and growing at 8% annually
The average person in North America stays 15.7 nights overnight a year spending on average 65$ a night (Over 300 Billion a year in the US alone)
- 7 times more than automotive manufacturing
- 5 times more than the global chemicals industry
- 4 times more than the global banking industry
- 4 times more than global mining industry
- 2 times more than the financial services industry
Growing up in a period of rapid technological as well as cultural change has shaped the youngest generation, the Millennials. The craving for exploring unique cultures as well as the desire for unique experience often drives Millennials’ travel. They desire authenticity, whether via utilizing public transportation or even through eating typical local cookeries.
Travel statistics reveal that 90% of the millennials book travel online, with 87% of these utilizing digital tools in order to compare options. Often, the millennials are highly influenced by their social networks, depending on recommendation as well as images posted by others to choose their destinations. Travel to global destinations provides them with exciting images to post on their feeds.
Providing transparent, self-serve booking experiences meet the millennials’ need for autonomy. Since this generation is extremely conversant with technology and relies a lot on the internet, Travelcoin can make travel easier for them in general. It can offer them the option to pay using digital currency, implying that they will not need to worry about currency conversion and exchange rates while traveling abroad. It can also give them the self-serve booking experience they desire since a lot of them own smartphones.
Additional Travelcoin Values
Overall, the Travel industry continues to grow by 4% annually and plays a major role in creating jobs and entrepreneurship opportunities globally. Countries gain important revenue as well as exposure to their culture and heritage.
Due to the different systems and the large size of the network, there exist some inefficiencies or pain points in the travel industry that require improvement in process and communication. This would ensure that things are made easier for the traveler or even businesses associated within this sector.
One of these pain problems is the currency conversion dilemma. By offering cryptocurrency, Travelcoin will ensure that travelers avoid the currency conversion charges. Another major benefit of this is that carrying a lot of cash will be needless, which is extremely convenient when travelers are traveling in foreign countries.
Travelcoin also makes travel easier by helping travelers avoid bank fees associated with withdrawing money from an ATM or even utilizing credit cards in foreign countries. Additionally, a big problem experienced by tourists is the unavailability of ATMs that support their cards. Travelcoin helps avoid this problem. When paying using debit cards or even credit cards, an individual is forced to share their information with merchants. At times, these merchants cannot be trusted with our banking information. There’s a high risk of such information being leaked either deliberately or unintentionally. This big security threat by itself should be enough to convince people to utilize our digital currency since it is relatively safer.
Areas of Integration
Here at Travelcoin we’re invested into creating a travel platform like no other, with integration of all major sites and travel medians combined onto one platform.
Travelcoin will invest heavily into end user compatibility and liquidity. We have great partners and are working with more big-name travel agency brands to participate in Travelcoin’s ecosystem and provide integration systems.
The dot-com era allowed for advancements of online ticket buying systems and allowed for more convenience and flexibility however these systems are silos and each has its own database. Travelcion will connect these siloed systems to a single world travelcoin smart contract cryptocurrency.
Travelcoin provides a digital currency that can be universally acceptable in all travel systems including buses, bike rentals, cars, taxis, rideshare services, plane, delivery, and space systems. Therefore, it makes it convenient to use one integrated public blockchain travel system and save companies and consumers money.
The ICO
Travelcoin ICO will be launched July 5th 2017 by a reputable team with proven ability to execute at the enterprise level. Check the Travelcoin website (
www.travelcoins.io) for the latest information. We will have a list of Travelcoin team members, together with their faces as well as social media profiles, openly accessible by any potential contributor.
The Travelcoins ICO will have clearly defined and realistic goals. We will also have a known market as well as a clear business plan, and technology verification. Efficient utilization of funds, as well as business-based thresholds for both minimum and maximum raise, will be available. Further, the ICO will have a clearly defined legal framework along with ways of scam protection. Our ICO will also have defined terms on how to protect the interests of the investors.
There will be premiums for early investors. An escrow wallet for the contributions as well as a procedure for returning the funds if a failure occurs will also be available. Our ICO will also have perfect timing and good communication. In our case, the most important things to cover are the team, the goals and the terms of the investors.
Structure
The ICO will feature unlimited tokens for sale, with each token creating a brother token to be held by Travelcoin. After the ICO no more tokens will ever be created. This means 50% of total coins will be available for sale during the duration of the ICO, July 5th to August 15th.
Early Adopter Rewards as follows:
First 24 hours, 20% bonus
25th-48th hour, 15% bonus
49th -168th hour, 10% bonus
During week 2, 7.5% bonus
During week 3, 5% bonus
During week 4, 3.5% bonus
Remainder of ICO, 2% bonus
At each milestone “Dream Vacations” will be available in a raffle to anyone who purchased 100 or more coins in that given phase:
5mil – Development of the website with integration of all major travel agencies
- When 5 mil is reached, 2 Dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
7.5mil – Mobile Phone App of main website
- When 7.5mil is reached, a single dream vacation will be rewarded to a lucky user who has purchased more than 100 coins in this phase
10mil – Mobile and Paper Wallet
- When 10 mil is reached, a single dream vacation will be rewarded to a lucky user who has purchased more than 100 coins in this phase
20mil – Credit Card (Travel Pass)
- When 20 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
25mil – Rewards Program
- When 25 mil is reached, 2 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
35mil- Integration of the modern “Time Share”
- When 35 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
50mil – Ride Sharing Integration as well as other common medians of transportation
- When 50 mil is reached, 5 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
100mil – Travelcoin atm
- When 100mil is reached, 10 dream vacations will be rewarded to a lucky user who has purchased more than 100 coins in this phase
150mil+ - Augmented Reality
- When 150mil is reached, Travelcoin will implemented augmented reality on
mobiles so you can save and shop in ARuser who has purchased more than 100 coins in this phase
Travelcoin 2 Year Roadmap
August 15th 2017 – Close off Travelcoin ICO
August 20th 2017 – Travelcoin will reach out to exchanges even before coins are made available for withdrawal to ensure a quick and efficient listing on relevant exchanges.
4th Quarter 2017 – Online web wallet on our website will allow users to hold and transfer coins to and from.
– Develop RESTful API for integration with GDSs, OTAs, and other intermediaries and travel supplier platforms.
1st Quarter 2018 – Develop Android, iOS app to check TVR balance and send/receive funds.
1st Quarter 2018 – Printable wallet for those who want a paper trail/copy in their hands. Perfect for older generations who are not the most tech savvy. Appealing to all generations is a great opportunity to ensure Travelcoin becomes a major player in the travel industry.
2nd Quarter 2018 – Integration with major industry partners to rollout user eco-system.
- Physical card created with direct link to the users’ wallet for making purchases smoother.
2nd Quarter 2018 – Travel rewards program, the more you use the Travelcoin the more you get back!
3rd Quarter 2018 – Website to become fully usable on mobile, including all features on website version, buying tickets and Android, and Apple watch ready.
TravelCoin Secure Storage of ICO
Travelcoin is using CoinPayments provided and managed merchant account that utilizes BitGo’s secure storage for ICO. This further ensures scaleability, security, safety and transparency to ICO supporters.
The future of the travel industry belongs on the blockchain
Team TravelCoin
Emal Safi (CEO – Chief Executive Officer) – 10yrs Business Intelligence, CEO Trendtix
Tariq Habib (Business Technology Leader) – ICO Execution, Corporate Structure
Jason Coles (CFO – Chief Financial Officer) – Cryptocurrency Entrepreneur
Pearce Nementh (CIO – Chief Information Officer) – Information Technology
Lavi Malik (Full Stack Developer) – TravelCoin Smart Contracts and DAPPS
Santosh Kumar (Developer) – Web and Mobile
Damian Bouwers (Communications Manager) – Global
Jon Guay (Strategic Communications) – Global
