[ANN][ICO] LOTUS - Decentralized Travel Agency - Early Adopters December 7th

[LotusToken]

Hi holydarkness, regarding your questions.

1. They are better known and familiar than Lotus. A lot of people have use it, and could recommend new people to use them instead of Lotus.

• Lotus is a new creation and so wouldn't currently be as mainstream as the aforementioned travel agencies.
• Existing travel agencies use legacy and outdated traditional and proprietary booking platforms with varying complexity from one agency to the other,  these old infrastructure setups are costly and complex, not to mention year-on-year increase on operating cost.
• We aim to simplify, modernize and secure these outdated platforms into a simpler and more manageable way by using blockchain technology.

2. They sometimes offered promotions like vouchers and discounts

• We’re different in that side context, as well as vouchers & discounts Lotus will work with an upgrade system which means you will get upgrades for free, Lotus will also have an affiliate rewards system and those two features are considered better than any offer or discount any agency can offer.

3. They're in fiat which means they are more applicable and acceptable by a wider user (at least for now, while crypto is slowly fusing itself with our daily life) than Ethereum-based token

• We aim to operate 'machines' similar to an ‘ATM’ in Airports that transfer FIAT into Lotus and vice-versa allowing for low-fee currency exchange.
• The issue a lot of holiday makers have is that when they're heading home, they have currency left-overs which end up in their drawers at home, or they get it exchanged with a high % fee. We can completely rule this fee out with Lotus machines.
• So, what if you have those left-overs and instead of bringing them home just by using the Lotus machines you can get that money back in your card.

4. You're in crypto, which is infamous for its volatility. I believe it will be the least interest of anyone to book a hotel worth 100 USD which at that moment (let's say) equals to 1,000 LTK only to find that the next two days, LTK rises and they can have the room at a mere 500 LTK.

• Volatility can be controlled just by setting up our token to represent a real-world value (X) that can’t be disclosed for now, but as you said we can't stop volatility with BTC and ETH, but that is the point even when we can’t stop it we can control it and, as bitcoin and any other crypto currency most people hold because of its volatility.

5. And ultimately, their beloved mobile app could literally decide at anytime that it's time for them to apply bitcoin or ether as their newest payment method. This will instantly reduce your bargaining point because (a) as mentioned on point 1, these applications are better known, and people will feel more comfortable on using them instead of the relatively new app (b) the usage of btc or eth (or even doge) which has a stronger market position will be considered as a safer option if they want to try a crypto-payment-holiday than LTK.

Simple, most people nowadays are looking for cheap prices, fast service and easy handling of what they just booked.
We offer 3 things:

• Cheap prices, and fast service (real time)
• Upgrade, Rewards & Offers system
• Have you ever had the problem that you booked with a travel agency and needed a change on your booking, so you need to call the airline and then call the travel agency and then get charged more just by the “booking service”?    

- Now with your Lotus card on your account it's simple! You book your “hotel – flight” and if you need to make any changes it will be much less trouble just to give them a call directly and make the changes instead of waiting for hours or days with extra fees to have it done.

Can I book hotel rooms and air tickets anywhere?

Hi hadang,

yes exactly you will only need to have internet access and lotus on your account to book any flight or hotel.

So what is your competitive selling point in attempt to penetrate traveling sector that's already have a great competitors with an almost similar apk (although they still only have fiat as their payment method) like Agoda and Trivago? They also offer the same service where you only needed your internet-connected phone to book hotels and flights.

In fact, people might prefer them more than Lotus because of some reason like below:
1. They are better known and familiar than Lotus. A lot of people have use it, and could recommend new people to use them instead of Lotus.
2. They sometimes offered promotions like vouchers and discounts
3. They're in fiat  which means they are more applicable and acceptable by a wider users (at least for now, while crypto is slowly fusing itself with our daily life) than ethereum-based token
4. You're in crypto, which is infamous for its volatility. I believe it will be the least interest of anyone to book a hotel worth 100 USD which at that moment (let's say) equals to 1,000 LTK only to find that the next two days, LTK rises and they can have the room at a mere 500 LTK.
5. And ultimately, their beloved mobile app could literally decide at anytime that it's time for them to apply bitcoin or ether as their newest payment method. This will instantly reduce your bargaining point because (a) as mentioned on point 1, these applications are better known and people will feel more comfortable on using them instead of the relatively new app (b) the usage of btc or eth (or even doge) which has a stronger market position will be considered as a more safe option if they want to try a crypto-payment-holiday than LTK.

Please mind that I'm not trying to corner you here. I only suggested  some points that you might (or might not) missed. Also please mind that I haven't read your WP, so I wouldn't know if those points are already on your control or not. But a lot of new comers and end-users also wouldn't bother reading a lot of pages just to book tickets (hey, we even skipped TnC that's only few paragraphs long) so you might want to make these points clear to your future customers.

[LotusToken]

Hi laiwendersky,

All will be revealed in due time! Thanks.

October 2018
Lotus decentralized platform. +40000 Hotels and airlines in official launch.
November 2018
Lotus debit card and rewards system release.
1Q 2019
New strategic Partnerships, meetings, blockchain-based corporate management.
Lotus Concept
Lotus is the easiest way to book online. Log on to track, monitor, and Check In all your bookings from one beautiful interface backed by bank level security.
MVP Coming Soon

have it any basis for this data? if this data is reached, it will be a great success

[s2sallbygrace]

Lotus is a Decentralized travel Agency, what is it has to do in an ICO industry?

[blackbold]

i really like the concept, it is very useful. it makes me sure and optimist that this project will be successful

[hynext]

I been reading your whitepaper. Fiat-LTO automated conversoin and teller machines at various airports and partner establishments with withdrawal capability using atm cards. Can you give us various airports and establishment with withdrawal capability? Where can I found this?

[warawolf19]

A new decentralized travel agency  LOTUS. Has a potential to succeed. I know that case i read your white paper and i was so amazed by the concept.goodluck dev.

[seriin]

By means of this project, the users can top-up and use to pay for services with an ease. Additionally, transactions will be done using the Ethereum Blockchain, which in turn will minimize the corresponding fees that are otherwise charged by third-party payment processors. So, by this capability of Lotus, I'm looking forward to this project to success in the market.

[s2sallbygrace]

As i've read your white paper, this is the  fastest and most cost effective way to book and travel around the world. Leveraging technology to fast booking. This project is very effective for travelers.

[Rabby637]

I wish lotus token will be success.
I visit your website & I see the roadmap of lotus token.
Why you will take too much time to add lotus coin on exchanger??

[kyanscadiel]

Travellers always look for something that will make their travel more convenient, from booking flights, hotels etc. because it will save them not only time but money as well. Good thing you come up with this very good idea Decentralized Travel Agency and you almost offer everything a traveler needs;

Cheap prices, and fast service (real time)
Upgrade, Rewards & Offers system

and if you have a Lotus card you can even make changes on your hotel booking if you needed to, no waiting for hours and hassle free. Isn't that great? Well, what more can I say? Your company is very competitive and I think this will make you successful.

[takeyourtime]

Hi. is there a bounty program?

[tania30]

What currency or crypto is available for payment when I travel with your company?

[CodeBios]

quite interesting the project, I am anxious to know how it will be in the future, for now I drew much attention, waiting for new information. luck in the project.

[holydarkness]

Hi holydarkness, regarding your questions.

...

I am impressed. Maybe you want to pin those answers/explanation on the first post, so people who wonder about those things can easily find your explanation

[jznsamuel]

Hi holydarkness, regarding your questions.

1. They are better known and familiar than Lotus. A lot of people have use it, and could recommend new people to use them instead of Lotus.

• Lotus is a new creation and so wouldn't currently be as mainstream as the aforementioned travel agencies.
• Existing travel agencies use legacy and outdated traditional and proprietary booking platforms with varying complexity from one agency to the other,  these old infrastructure setups are costly and complex, not to mention year-on-year increase on operating cost.
• We aim to simplify, modernize and secure these outdated platforms into a simpler and more manageable way by using blockchain technology.

2. They sometimes offered promotions like vouchers and discounts

• We’re different in that side context, as well as vouchers & discounts Lotus will work with an upgrade system which means you will get upgrades for free, Lotus will also have an affiliate rewards system and those two features are considered better than any offer or discount any agency can offer.

3. They're in fiat which means they are more applicable and acceptable by a wider user (at least for now, while crypto is slowly fusing itself with our daily life) than Ethereum-based token

• We aim to operate 'machines' similar to an ‘ATM’ in Airports that transfer FIAT into Lotus and vice-versa allowing for low-fee currency exchange.
• The issue a lot of holiday makers have is that when they're heading home, they have currency left-overs which end up in their drawers at home, or they get it exchanged with a high % fee. We can completely rule this fee out with Lotus machines.
• So, what if you have those left-overs and instead of bringing them home just by using the Lotus machines you can get that money back in your card.

4. You're in crypto, which is infamous for its volatility. I believe it will be the least interest of anyone to book a hotel worth 100 USD which at that moment (let's say) equals to 1,000 LTK only to find that the next two days, LTK rises and they can have the room at a mere 500 LTK.

• Volatility can be controlled just by setting up our token to represent a real-world value (X) that can’t be disclosed for now, but as you said we can't stop volatility with BTC and ETH, but that is the point even when we can’t stop it we can control it and, as bitcoin and any other crypto currency most people hold because of its volatility.

5. And ultimately, their beloved mobile app could literally decide at anytime that it's time for them to apply bitcoin or ether as their newest payment method. This will instantly reduce your bargaining point because (a) as mentioned on point 1, these applications are better known, and people will feel more comfortable on using them instead of the relatively new app (b) the usage of btc or eth (or even doge) which has a stronger market position will be considered as a safer option if they want to try a crypto-payment-holiday than LTK.

Simple, most people nowadays are looking for cheap prices, fast service and easy handling of what they just booked.
We offer 3 things:

• Cheap prices, and fast service (real time)
• Upgrade, Rewards & Offers system
• Have you ever had the problem that you booked with a travel agency and needed a change on your booking, so you need to call the airline and then call the travel agency and then get charged more just by the “booking service”?    

- Now with your Lotus card on your account it's simple! You book your “hotel – flight” and if you need to make any changes it will be much less trouble just to give them a call directly and make the changes instead of waiting for hours or days with extra fees to have it done.

Can I book hotel rooms and air tickets anywhere?

Hi hadang,

yes exactly you will only need to have internet access and lotus on your account to book any flight or hotel.

So what is your competitive selling point in attempt to penetrate traveling sector that's already have a great competitors with an almost similar apk (although they still only have fiat as their payment method) like Agoda and Trivago? They also offer the same service where you only needed your internet-connected phone to book hotels and flights.

In fact, people might prefer them more than Lotus because of some reason like below:
1. They are better known and familiar than Lotus. A lot of people have use it, and could recommend new people to use them instead of Lotus.
2. They sometimes offered promotions like vouchers and discounts
3. They're in fiat  which means they are more applicable and acceptable by a wider users (at least for now, while crypto is slowly fusing itself with our daily life) than ethereum-based token
4. You're in crypto, which is infamous for its volatility. I believe it will be the least interest of anyone to book a hotel worth 100 USD which at that moment (let's say) equals to 1,000 LTK only to find that the next two days, LTK rises and they can have the room at a mere 500 LTK.
5. And ultimately, their beloved mobile app could literally decide at anytime that it's time for them to apply bitcoin or ether as their newest payment method. This will instantly reduce your bargaining point because (a) as mentioned on point 1, these applications are better known and people will feel more comfortable on using them instead of the relatively new app (b) the usage of btc or eth (or even doge) which has a stronger market position will be considered as a more safe option if they want to try a crypto-payment-holiday than LTK.

Please mind that I'm not trying to corner you here. I only suggested  some points that you might (or might not) missed. Also please mind that I haven't read your WP, so I wouldn't know if those points are already on your control or not. But a lot of new comers and end-users also wouldn't bother reading a lot of pages just to book tickets (hey, we even skipped TnC that's only few paragraphs long) so you might want to make these points clear to your future customers.

Certainly intrigued. Might have a first mover advantage as well as I don't think we have a crypto travel agency.
Looking forward to further developments and all the best!

[s2sallbygrace]

So I can cancel my hotel bookings without worrying for a higher fee? How about airline booking, if I want to cancel my airline booking due to some circumstances, there is no cancelation fee?

[hadang]

Can I book hotel rooms and air tickets anywhere?

Hi hadang,

yes exactly you will only need to have internet access and lotus on your account to book any flight or hotel.

Can I book hotel rooms and air tickets around the world simply through the internet?

[seriin]

I really like this project, especially that I love traveling. I think more people get fond of this Lotus Token too. Being able to make the fastest, most cost effective way to book and travel around the world. Leveraging technology to bring the best prices and fast booking is really convinient to every users and at the same time the travelers.

[kyanscadiel]

What you offer for travelers is really a good one but you have a lot of competitors when it come to this kind of business. What are the strategies you have to make your platform stand out and to more competitive than the others?

[LotusToken]

Hi Rabby637,

Lotus will be in 3 exchanges a month after ICO; August 2018 will be the date for Lotus to be "Listed on new exchange platforms"

I wish lotus token will be success.
I visit your website & I see the roadmap of lotus token.
Why you will take too much time to add lotus coin on exchanger??

Hi takeyourtime,

Regarding your question, yes there will be a bounty program and 3 airdrops as the whitepaper says they will be coming soon.

Hi. is there a bounty program?

Hi tania30,

Lotus will also accept other crypto currencies like bitcoin, ethereum, etc.
- At the time of payment it will exchange to the current rate LTO to pay for your booking.

What currency or crypto is available for payment when I travel with your company?

Hi s2sallbygrace,

You can cancel you hotel bookings without worrying for any fee, regarding airlines they have their own cancellation fee which is around $200.

So I can cancel my hotel bookings without worrying for a higher fee? How about airline booking, if I want to cancel my airline booking due to some circumstances, there is no cancelation fee?

Hi hynext,

We are working on this and all will be revealed in due time! Thanks.

I been reading your whitepaper. Fiat-LTO automated conversoin and teller machines at various airports and partner establishments with withdrawal capability using atm cards. Can you give us various airports and establishment with withdrawal capability? Where can I found this?

Hi kyanscadiel,

we invite you to read our post on the second page with more information about what will be our strategies to make Lotus stand out.

What you offer for travelers is really a good one but you have a lot of competitors when it come to this kind of business. What are the strategies you have to make your platform stand out and to more competitive than the others?

- Due to the problem with CryptoKitties that is causing ethereum network congestion our Early adopters ANN will be delayed.