[ANN] [TOKEN SALE] ✈️ TravelerToken: Spend Less. Travel More! ✈️

[Travelertoken]

I'm curious...why do you prefer Bancor over Bitcoin or Ethereum?

Thanks for the question! The Bancor protocol is not a blockchain platform like Bitcoin or Ethereum. It is a mechanism to enable so-called "smart-tokens"; the idea is to endow token contracts with a reserve pool of another token or compatible currency and thus enable continuous, asynchrous exchange through the token contract itself. This continuous liquidity and asynchronous price-discovery has a number of benefits outlined in the Bancor whitepaper. We will not implement the Bancor protocol directly, but rather a modified version of it adapted to the specific needs of the TLT system.

[theKryptoGuy]

Will you offer a wallet on your platform or do I have to create one before I can buy tokens?

[Travelertoken]

Will you offer a wallet on your platform or do I have to create one before I can buy tokens?

Members of the consortium will be responsible for meeting KYC requirements and giving authorization for TLT wallets on the native system. We expect this will not be particularly restrictive and that it will be very much like the standard sign-up procedure for a user account on a website; however, you will only have to do this once! You will be able to select what information you want the member businesses that you patronize to share with each other, choosing the desired balance between convenience and privacy.

[Cryptotickerr]

I want to write about TravelerToken on my blog, but I need more info - What is your expected revenue in the next couple of years?

[Travelertoken]

The TLT foundation will be a non-profit entity. If you mean the combined revenue of consortium members, we hope to bring in large partners over the next three quarters that will exceed 100million in their combined revenue.

[ezzapakistan]

Travelcoins has an option to cancel bookings free of charge as they can be sold to another customer. Will such an option be available for TravelerToken? Or is there going to be a cancellation insurance, for instance?

[Travelertoken]

Travelcoins has an option to cancel bookings free of charge as they can be sold to another customer. Will such an option be available for TravelerToken? Or is there going to be a cancellation insurance, for instance?

Great question! TravelerToken is not directly a service platform. Members of the consortium who operate such customer-facing platforms will decide whether they offer guarantees like that. However, one of the aims behind establishing a common technical infrastructure is to enable businesses to easily make such offers and to enable customized and cheaper insurance packages.

[stevensteel]

In terms of innovation, what sets TravelerToken apart from other blockchain travel businesses, like TravelCoin, for example?

[Travelertoken]

In terms of innovation, what sets TravelerToken apart from other blockchain travel businesses, like TravelCoin, for example?

TravelerToken is not merely an existing business concept that has been "put on the blockchain" and repackaged, as is the current trend. The distributed architecture and economic design are intrinsic to the model. TravelerToken is not a singular business itself, but an infrastructure to unite a consortium of businesses.

[Travelertoken]

Why is the TravelerToken (initially) based on Ethereum?

Ethereum provides the most mature infrastructure and tools for building complex Dapps and has a strong community of developers working to continually improve the ecosystem. The TravelerToken will not always run on top of Ethereum; it will transition to a stand-alone permissioned network. However, we will always strive to maintain interoperability with Ethereum, and other new decentralised application platforms that come along (i.e. EOS, DFinity), in order to leverage their communities and the applications built for them.

[Cryptomaster1]

How is the TravelerToken structured legally?

[Travelertoken]

How is the TravelerToken structured legally?

It is a permissioned network controlled by the consortium foundation. All consortium members will be legally bound by the foundation and users will have to submit KYC information.

[theKryptoGuy]

There is so much included in the project. How have you come around to such ideas about structure, foundation, and so on?

[Travelertoken]

There is so much included in the project. How have you come around to such ideas about structure, foundation, and so on?

We are long-time followers of the complementary and crypto-currency movements, and dedicated adherents to the ethos of decentralization. All the pieces that went into crafting the TLT concept came from hundreds of hours of research and involvement in the respective communities.

[stevensteel]

I have a very important question for the tech team: On the white paper, Page 43 reads that similar token systems can arise and that TravelerToken is therefore not unique. This contradicts the claim that the project is unique. What do you have to say about that?

[Travelertoken]

I have a very important question for the tech team: On the white paper, Page 43 reads that similar token systems can arise and that TravelerToken is therefore not unique. This contradicts the claim that the project is unique. What do you have to say about that?

In terms of technology, they could arise later if they used the open-source code that we develop and that the TLT foundation will eventually release. In terms of economics, they could copy the model that we are proving and apply it to other groups of businesses with aligned concerns and interests, and that would be a very good thing.

[cryptocurrency1]

How will accommodation owners be paid out?

[Travelertoken]

How will accommodation owners be paid out?

Accommodation owners can choose if they want to be paid out in Crypto or Fiat, but they will get extra benefits if they choose to be paid in TravelerToken. The same applies to the customers.

[Travelertoken]

What competitors have you identified that might be present in TLT's industry?

There are a few - check these when you have time just to have a better idea about the environment: CryptoCribs, Winding Tree, TravelCoin, Smart trip, Lockchain ICO, Loyyal (partially - loyalty platform also covering traveling). They are different from TLT in that they are single businesses or platforms; they are not a consortium aiming to work with existing industry leaders, they all rely on public blockchain platforms that suffer from scaling issues, and they are practically limited to niche use-cases.

[peterexpert]

How will the tokens be distributed?