toorcoin (OP)
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July 31, 2018, 06:17:53 AM |
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I love the vision of the project and the fact that Toorcoin will launch without an ICO. Only 13.5 Million tokens will be minted for the Bounty Campaign. I read on the website that the total supply is 100 Million tokens. How will these come into circulation?
Hi CryptoJoop. The tokens will come into circulation over a period of 20 years based on your unique reward staking mechanism. Based on this mechanism, Holders of toorcoin will be rewarded additional tokens in proportion to their holding size and duration. Hope this helps, and please let us know if you have more questions. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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EustaceBagge
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July 31, 2018, 12:29:24 PM |
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I really like that you are not running an ICO, that really shows faith in the potential of the token. And staking is also a really cool idea. Do you have an idea of when the MVP will be available?
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engrgeorgemarc
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July 31, 2018, 01:17:05 PM |
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The roadmap for third use case of toorcoin Q2 2020 is a bit far, I consider the third use case as one that will have a widely use case and adoption. Because the ability to pay for hotels and tour guides on the toorister platform will be very attractive. If there is a possible roadmap review you can advise the team to bring it forward.
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Romeoetin
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July 31, 2018, 02:28:16 PM |
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What marketing strategy is in place to create awareness for the project and also have an advantage over competition?
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tikezza3
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July 31, 2018, 07:07:22 PM |
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Are you not afraid that the value of the tokens will be extremely low at the time of the start of trading and that everyone participating in the bounty program will want to sell the acquired tokens as quickly as possible? I think that the Toorister platform will be exceptional if it comes to life and if it gets a sufficient number of users. However, in acquiring users, an exceptional marketing will be needed, for which there is a need for resources that could be obtained from the ICO. Are you planning to sell the remaining tokens?
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AnonJunkie
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July 31, 2018, 09:15:56 PM |
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Looks like a really promising project I love that you guys are trying to tackle and eliminate fees associated with international travel transactions. Fees are always a major issue when you're traveling overseas. Also interesting that you guys are implementing staking, I can see this becoming the easy way to save up for a trip really cool idea.
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matjas
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July 31, 2018, 09:31:41 PM |
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As far as I understood you won't have an ICO? 13,5 mil tokens will be (or already was?) pre-mined for the needs of development and bounty, what's with the rest? I haven't yet seen a project that wouldn't have an ICO, that's something new. Could you guys elaborate a bit on that?
Hi wissy - You are right. The 13.5 mil tokens have been pre-mined for bounty and development purposes. Our litepaper has the detailed breakdown. Our total supply is 100M Toorcoin and the remainder tokens will be minted over a period of 20 years through our unique reward staking mechanism. Via this mechanism, users are rewarded for holding Toorcoin in proportion to their holding size and holding duration, which is a key differentiation of Toorcoin. Hope this helps and please feel free to reach out or join our telegram group if you have any more questions. That's an interesting strategy. But 20 years is a long period of time for all coins to be mined, I hope you will be able to maintain good supply and demand, so the price of coins stays attractive. |
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toorcoin (OP)
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August 01, 2018, 06:45:37 AM |
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I read about Toorcoin. Difference of Toorcoin is very attractive to the community. When taking the platform, users around the world will be getting their travel inspiration, advice and ability to buy their vacation. In the global development plan, Toorcoin has difficulty with language, culture, customs, habits?
I haven't read the whole whitepaper yet, but I am also wondering...What languages the platform will be available in? Probably they gonna start with english and then expand along the way. Yes, the platform will be in English. We will review expansion along the way in the future. |
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toorcoin (OP)
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August 01, 2018, 06:49:18 AM |
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This is a really promising project. I hope that you will succeed and that your platform will be used by the huge amount of people. We really need a platform for traveling which will work well for tourists and for people who are renting the apartments and houses. I hope that Toorister will surpass services like booking and RBNB and become the leading platform in this segment.
Thanks for the kind comments and support tikezza3!  |
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Daseento
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August 01, 2018, 06:49:39 AM |
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I'm impressed that Toorcoin chose not to toil the part of ICOs like most project but at the same time, I am curious as to how the plans in the roadmap would be funded since there was no crowdsale, also how do pay for exchanges listing ?
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toorcoin (OP)
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August 01, 2018, 07:34:45 AM |
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What marketing strategy is in place to create awareness for the project and also have an advantage over competition?
Hi Romeoetin. Bounty campaigns and online marketing are step 1 to get the word out. We plan to use the community momentum from bounties and leverage them with articles in good publications, ads, video endorsements, etc. |
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matjas
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August 01, 2018, 08:20:31 AM |
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I'm impressed that Toorcoin chose not to toil the part of ICOs like most project but at the same time, I am curious as to how the plans in the roadmap would be funded since there was no crowdsale, also how do pay for exchanges listing ?
As far as I understood, they gonna mine a certain part of coins for development and marketing purposes in advance and with them they gonna pay, but I'm really far from the technical part of it all. |
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AquaVitae
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August 01, 2018, 02:32:13 PM |
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I like the staking rewards this coin has. There is no need to get massive amounts of coins to have a masternode. Everybody is rewarded, no matter how many coins they have.
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Goodnuel
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August 01, 2018, 05:58:42 PM |
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Toorcoin through its Toorister feature will cover for the dilemma of hotel bookings and accommodation issues through the implementation of a special itinerary to source, budget and make an instant payments for bookings all over the world.
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peacefulpeace
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August 01, 2018, 09:11:31 PM |
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nice project, but i havent seen a use case for toorcoin, would want to get a liitle tip on the use case of toorcoin as a toorister.
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Belovedmax
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August 02, 2018, 03:12:54 AM |
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This project is an excellent project, the white paper is so solid and very achievable.
Great initiative.
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wissy
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August 02, 2018, 03:57:43 PM |
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Toorcoin through its Toorister feature will cover for the dilemma of hotel bookings and accommodation issues through the implementation of a special itinerary to source, budget and make an instant payments for bookings all over the world.
How will it compete to the leaders in this industry? Booking and accommodation is a more complex industry than travel itineraries, there are a lot of giants there. |
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AquaVitae
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August 02, 2018, 05:29:08 PM |
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Toorcoin has promising basic idea. It has potential to unlock travelling market worth billions of dollars. The global approach and small fees are big reasons why people could soon start using Toorcoin.
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peacefulpeace
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August 03, 2018, 06:41:21 AM |
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will there be an ico for toorcoin? if there is when will it be? what is the prize of a toorcoin?
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TusharMali99
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August 03, 2018, 02:22:57 PM |
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Toorcoin is created to address the most common considerations in booking a holiday - Budget, Location, and Duration.
Toorcoin addresses the first travel dilemma around budgeting by facilitating payments on Toorister with near instant payment transactions and ridding users of insurmountable international transaction fees.
Toorister refutes predicaments two and three - Location and Duration! Toorister is meant to be a travel website providing amazing travel itineraries and a booking platform for top travel destinations.
Combined in one product, Toorcoin and Toorister are the ultimate choice for specialised travel!
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