What is JetSet?
The JetSet ecosystem will make world travel easier, remove the roadblocks older systems, and create more opportunities for travel-based businesses globally.
Travelers can utilize the JetSet service to find other travelers and travel-related businesses for things like exchanging currency, buying plane tickets, or booking accommodations.
- When a traveler wants to make their trip easier, they can sign up with JetSet and make a deposit into the JetSet ecosystem via ACH, debit card, or through Bitcoin and Ethereum. Those funds are held within the JetSet network as JETS tokens to be used by the traveler in a number of ways.
- Users can withdraw tokens as fiat in multiple ways: from our proprietary ATM network, through business vendors via our secure POS, or from approved private vendors. Access to the network will be done via a desktop web-based service, smartphone app developed for iOS and Android, and our automated teller machine and point of sale system. To protect the user from any fluctuations in the value of the token, the exchange from their fiat value into tokens only takes place once they decide to request a withdrawal from one of the options listed above.
- The private marketplace will bring travelers and travel-centric businesses together. Our vision is to create an ecosystem that supports consumers and businesses from end to end, and in all sub-verticals of the travel industry, from transportation to accommodations to experiences and activities. Companies will not have to worry about losing income to payment processing fees or losing business when they can’t accept a major credit card, and tourists can rely on the stability and security of a transparent marketplace backed by trusted technology.
- The unifying element to bringing a traveler’s funds out of the virtual world of the utility token and into the real fiat world will be our proprietarily developed automated teller machines and point of sale systems. These will act as the physical bridge that will be developed and deployed outside any rigid and obsolete networks of pre-existing financial institutions, and purpose-built with the traveler in mind. From any one of these terminals, a user will be able to quickly and securely access their tokens and deposits, and make withdrawals as well as deposits of any leftover fiat currency they may still have.
Token Sale
The maximum token supply will be five billion (5.000,000 000) JETS. Tokens will initially only be storable on the JetSet platform, and on completion of the Token Sale and the release of the tokens they will be transferable into an ERC20 compatible wallet with the potential of being traded on after-market exchanges.
Phase 1Our first phase of development will be completing the setup and initial testing of our ERC20 token, development of our private exchange / marketplace and a wallet for storage. Pre-Sale marketing will commence globally, utilizing a multitude of advertising techniques and leveraging the combined experience of members of the team to ensure as many potential users are aware of this coin and its capabilities. It will also include the signing of partners and businesses to our service and the exploratory phase of third party after-market exchanges.
Phase 1 will conclude with our token pre-sale in which we will offer 1,250,000,000 tokens. These tokens will be sold at the price equivalent of (USD) $0.008 per token, with the goal of reaching our pre-sale hard cap of $10,000,000.00
Tokens will be purchased via Ethereum with a minimum purchase of 0.4 ETH and a maximum of 14 ETH per user, per day. These rates translate to roughly USD$150.00 and USD$5000.00 respectively. We know that the price of Ethereum can be volatile so we will confirm with all interested parties via our mailing list the final minimum and maximum ETH buy amounts prior to the Pre-ICO to ensure that purchasing tokens is accessible to all interested parties.Phase 2Our second phase of development will be the hiring of a full team of programmers and engineers to begin the full roll-out of the following:
- The Exchange and Marketplace (Website)
- The Android and iOS Applications
- The initial design, prototyping and testing of our ATM’s and POS systems
Phase 2 will conclude with our open token sale with the goal of raising USD$20,000,000.
The Phase 2 Token Sale will issue 1,000,000,000 tokens at a hard cap of USD$20,000,000 at the price equivalent of USD$.02 per token.
Similar to the pre-sale round of fundraising, Tokens will be purchased via Ethereum with a minimum purchase of 0.4 ETH and a maximum of 14 ETH per user, per day. These rates translate to roughly USD$150.00 and USD$5000.00 respectively. We know that the price of Ethereum can be volatile so we will confirm with all interested parties via our mailing list the final minimum and maximum ETH buy amounts prior to the Pre-ICO to ensure that purchasing tokens is accessible to all interested parties.Phase 3Phase 3 is the deployment and announcements phases.
This will include, but is not limited to the announcement of global tourism partnerships, from tourism boards, to hotels and experience businesses. It includes the rollout of our ATM’s as well as our vendor programme which will enable entrepreneurs and small businesses to provide our users with ATM-like service where ATM’s are currently impractical.
Token Allocation25% - Pre sale token
20% - Regular sale token
2% - Founder token allocation
7.8% - Backup tokens
0.2% - Staff token allocation
45% - Future token equity
ICO Funding Allocation16.7% - Security testing & Improvements
22.5% - Cash reserves (for ATM and POS deployment)
33.3% - Fiat reserves
16.7% - Global ATM Deployment and testing
3.3% - ICO Marketing
1.7% - Registration and compliance
3.3% - Legal counsel fees
2.5% - Founders' Phase 1 Compensation
Roadmap
