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Author Topic: 🏝🛳🏂 [ANN] [Pre-ICO] [ICO] Tryvium [$TYM] - Your next traveling partner 🔝🍹  (Read 797 times)
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April 11, 2019, 12:25:09 PM
Last edit: April 11, 2019, 01:39:21 PM by Hiyatus
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April 11, 2019, 12:25:31 PM
 #2

This is a text only version of the ann, intended for use with ‘accessibility tools’ and for SEO.


Welcome to the official Tryvium Announcement thread.

Herein you will find all the information and news about the TYM token and the Tryvium Company LTD.

We hope you will enjoy reading it.



Tryvium is a blockchain platform for booking hotels, apartments, B&B, and other accommodations through smart contracts.
Its foremost appeal over conventional systems are lower costs for businesses and clients alike, as well as ease of use and reliability due to immutability.

Get in Touch with us:



Specifications

  • Company: Tryvium Company LTD
  • Token name: Tryvium
  • Token ticker: TYM
  • Token parent chain: Ethereum (ERC20) during ICO stage; after ICO the tokens will be migrated to SysCoin asset
  • Number of tokens issued: 900 000 000 (nine hundred million)
  • Block time: 1 minute
  • Distribution process: ICO
  • Emission: none (fully minted at genesis)



Whitepaper

At Tryvium we have prepared a concise whitepaper, detailing our goals, roadmap, ICO plans, terms and conditions, and much more. We hope you will enjoy it:

Whitepaper: https://docs.wixstatic.com/ugd/c118a6_b3c71a5b350c481c878c95ce15ebd665.pdf



Short video explainer

And if you prefer a short video explainer, we also have you covered:
[youtube]dWoPuVPUnz8[/youtube]



Executive summary

For all who do not want to read the Whitepaper, yet want a little more information than the video provides, consider the following as a TLDR:



Who we serve

We serve hotel owners and other hospitality services providers by:
  • Attracting customers to their listings
  • Giving them a cheap, simple and reliable payment system
  • Giving them a simple all-in-one platform for managing their business

We serve travelers, be they on a vacation or business trip, by:
  • Offering them up to 25% cheaper booking
  • Giving them a safe, trustless way for booking
  • Providing them with more information about listings, so they can make a better, more informed decision



Sector overview

The hospitality industry generates $550 billion annually in direct revenue alone and at least another 150% in adjacent sectors (restaurants, bars, transportation). Approximately 20% of the sector's revenue is raked by middlemen (OTAs) between hotels (and other hospitality services providers) and end clients (tourists and other travelers). Large part of this is pure profit due to the nature of the OTAs' operation.

Another ~10% is lost on the account of OTA taxes and transaction fees.

Despite the middlemen’s split the sector has been consistently growing throughout the past 10 years at an average rate of 5-6%. It is projected to grow further at an average rate of ~5%.



Problem statement

The booking industry is dominated by 2 massive corporations (booking.com and Expedia) who:
  • dictate 15-20% fees to the entire industry
  • offer unfair preferential treatment
  • stifle competition and innovation to keep the monopoly

  • Taxes are applied on top of the OTA's commissions and transaction costs, raising total fees up to 33%.
  • When booking for a foreign country the clients also carry currency exchange costs.
  • When entering a foreign country with foreign currency the traveler must carry a lot of cash, which is dangerous, and if the traveler runs out of cash there are lengthy and costly procedures for obtaining more.
  • If a booking is lost or misplaced (given to the wrong client) the client's entire travel arrangement may be jeopardized. This does not only present a potential financial loss for the client but also a massive schedule setback which may be unrecoverable.
    When customers have difficulty negotiating a 14 day leave with their boss, the last thing they want is to see it go to waste due to a clerical error.

The above problems sum up into $100s of billions in losses for customers, and $100s of billions more in unrealized profits for hospitality providers.



Problem solutions

  • As the above problems mostly stem from greedy OTAs, Tryvium is a direct competitor to the current dominant OTAs and has vowed to keep its commission at 8%.
  • Since Tryvium will carry out transactions with TYM, thus avoiding bank fees, saving up to further 3%.
  • And most importantly, Tryvium is a licensed business registered in Malta, the hefty taxes which apply to conventional OTA's fees are also void.

This means that all bookings done through Tryvium Platform will carry a flat 8% commission with no hidden costs. The traveler and the hospitality provider thus save 20-25%.

  • TYM is permissionless and global, there is no need to worry about exchanging currencies, paying exchange fees or running out of the local currency.
  • Tryvium Platform functions on the blockchain, bookings cannot be lost nor misplaced. They are verifiable at all times and can only be activated with the customers' private keys. The latter are within the customers' respective mobile app.
  • Above also applies to all the TYM funds the customer carries on the trip, which makes them far harder to steal than conventional currency. Especially when clients use our built-in cold wallet and biometric locking.



Why we are different

Most new innovations, especially in the blockchain space, focus on serving either businesses or end-clients, and by this create a rift between the two - the side which the innovation was not tailored for has no incentive to adopt it. Due to this, many seemingly great innovations are now struggling to gain real-world traction as they cannot attract one of the two sides. It is a catch-22 - clients bring providers, providers bring clients.

At Tryvium we are building a bridge between clients and providers, giving both high incentives to adopt our system. This will ensure our products have a sufficiently large group of users right from the start. Additionally we have onboarding bonuses for early adopters, for travelers and hospitality services providers alike.


Often startups come up with an idea, build it and in the end realize there is insufficient client base for it. At which point they either need to hard-pivot or shut down the business.

Tryvium's business model is similar enough to classical OTAs that we know end-clients will adopt our services, and while our B2B model is more novel, we know businesses will adopt our services because several have already onboarded.


Many if not most ICOs were started for products which were not intended as monetarily self-sufficient. They had no foreseeable cashflow that could generate revenue.

Tryvium is designed exclusively with cashflow in mind, as revenues generated by the Tryvium Platform will be the sole income stream of Tryvium Company LTD and its owners. As such, Tryvium Company LTD will not play speculative games regarding the ETH prices with the ETH raised during the Tryvium's ICO.



Team

- Roberto Lista - CEO
- Alessandro Sanino - CTO Blockchain Architect
- Luca Pagliaro - COO Marketing
- Lidia Velichkyna - Russian Market specialist
- Roberto Battenti - UX-UI Developer
- Pawel Sas - Hotel support specialist
- Marco Ottina - Fullstack Developer
- Ermanno Fissore - Frontend Designer and Developer
- Gilbert Gain - Community manager



Advisory Board

- Giacomo Arcaro
- Giovanni Casagrande
- Hugo Jacques
- Eloisa Marchesoni - Tokenomics Strategist
- Timo Trippler - Fundraising



Roadmap

2018
  • 2018 Q1 - Inception of the Tryvium project
  • 2018 Q2 - The project implementation team was finalized and network development phase was initiated.
  • 2018 Q3 - Company Formation and private sale. Tryvium website was created.
  • 2018 Q4 - Creation of Physical office and onset of personalized loyalty program for Tryvium’s clients.

2019
  • 2019 Q1 - Official start of the Tryvium Platform Alpha version development.
  • 2019 Q2 - We will research hotels throughout all EU to expand across multiple markets. In this quarter we will also start the alpha version of the mobile application for Android and iOS.
  • 2019 Q3 - Alpha version of the Tryvium Platform will be released. And selected hotels will start the closed beta test period and give feedback for potential improvements.
  • 2019 Q4 - Open beta test of the Mobile Apps and of Tryvium Platform: every user will be able to try them out and give feedback about the future of travel, for free.

2020
  • 2020 Q1 - The Tryvium Platform will be officially released and tuning will start. Meanwhile development of the Tryvium’s All-in-one solution will start.
  • 2020 Q2 - The Mobile Apps will be officially released for both Android and iOS; also, mobile apps tuning will start.
  • 2020 Q3 - Development of the Tryvium Gift Experience Alpha will start. Meanwhile there will be a massive push to affiliate a larger number of hotels to the platform.
  • 2020 Q4 - The Tryvium Platform will be fully released. The All-in-one software closed beta test will start.



Our vision

Most Business Plans start with a vision and mission statement, Tryvium decided to start with facts first.
We consider our vision as a guide to the final milestone on our path, not as the starting inspiration for beginning the journey.

Our end goal is to onboard to the Tryvium Platform not just hotels, but also bars, restaurants, beaches, pools, boutique shops and all other providers surrounding the travel destinations we cover.
By this users will be able to travel completely cash free, using nothing but their smartphone for their payments, reservations, etc.
The 'all-inclusive' offers will get a whole new meaning and vacations will be truly hassle free.

Just imagine:
You come to a hotel, register and just walk in your room - without any additional payments and complications. You walk out and head to the beach, a spot is already reserved for you and a cocktail is on the way.
No need to get out of the sun lounger to pay for the cocktail, your smartphone already took care of it.
As you are lying on the exotic beach, cocktail in hand and a nice breeze in your hair, your thoughts turn to  a nice juicy dinner. Pizza, something exotic, something local, all orderable with a flick of your finger.
Too many options and can't decide? Let the Tryvium app choose for you.

Perfect, hassle free vacations, like you had a dozen servants.
Too expensive?
not anymore!

Made affordable for you by Tryvium

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April 11, 2019, 12:25:48 PM
Last edit: June 15, 2019, 06:19:01 PM by Hiyatus
 #3

Airdrop and Bounty


The Tryvium Airdrop and Bounty ANN is live.

More information at: https://bitcointalk.org/index.php?topic=5146374.msg51180503#msg51180503





Sincerely,

The Tryvium team

------------------------
------------------------
------------------------



Tryvium Airdrop 2 is now open.



5 400 000 TYM will be distributed in this round, please check the OP for more details:
https://bitcointalk.org/index.php?topic=5146374

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April 23, 2019, 05:52:05 PM
 #4

Hello

Finally a good project with a real world product.

There is an airdrop planned for the upcoming period?

I will follow you guys closely

Cheers!

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April 24, 2019, 09:34:57 AM
 #5

Hi @cryptokong

Thank you for your words, and thank you for being the first to comment on our thread!

Yes, an airdrop is in the works - coming very soon.
It will also be accompanied by a host of other bounties  Wink

Sincerely,

The Tryvium team

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April 24, 2019, 10:05:58 AM
 #6

Hi @cryptokong

Thank you for your words, and thank you for being the first to comment on our thread!

Yes, an airdrop is in the works - coming very soon.
It will also be accompanied by a host of other bounties  Wink

Sincerely,

The Tryvium team

Hi,

Good to see your fast reaction.

Do you have any plan (long term for sure) to listing your token on valueable exchanges?

regards,

ICO/Developer since 12'/Contact for info
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April 24, 2019, 11:16:15 AM
 #7

Quote
Hi,

Good to see your fast reaction.

Do you have any plan (long term for sure) to listing your token on valueable exchanges?

regards,

Hi @cogentjm

Yes, of course, we intend to list on the most prominent exchanges, and are doing everything in our power to comply with the various legislative/regulative limitations different exchanges have to operate under.
But as the listing requirements are ever changing we cannot say where and when we will be listed - after-all, we have not even conducted our ICO yet.

In the long-run, we hope to be accessible on most, if not all, exchanges, including the upcoming DEXes.

Sincerely,

The Tryvium team

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April 26, 2019, 04:03:02 AM
 #8

So, your service is get revenue from hotel owner/manager without put any fees from your user? And, payment for booking must using TYM or will be another option payment in the future?

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April 26, 2019, 05:04:58 AM
 #9

If you browsed in this forum, you encountered several projects focusing in the travel industry already. The major obstacle in implementing their objectives is finding their partners that will give life to their project. Do you have long list of potential partners or better yet, have you communicated and sealed the deal with your hotel partners for this platform? Partnerships will cement the possibility of making your services available to the traveling community.

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April 26, 2019, 07:49:03 AM
 #10

So, your service is get revenue from hotel owner/manager without put any fees from your user? And, payment for booking must using TYM or will be another option payment in the future?

Correct, hospitality services providers will be paying us an 8% commission on all bookings made through Tryvium Platform. Of course in practice this means that the 8% really come from the end-user (consumer).
Just like VAT tax is technically paid by shops, but in reality consumers bear the cost.

Additionally hospitality services providers will be buying (if they want of course) our software and additional services.

The user (consumer) will only bear transaction fees (which will be negligible if the consumer uses TYM, if the consumer uses other payment options - like paypal or wire transfer - the fees will be as high as the payment provider sets them).



If you browsed in this forum, you encountered several projects focusing in the travel industry already. The major obstacle in implementing their objectives is finding their partners that will give life to their project. Do you have long list of potential partners or better yet, have you communicated and sealed the deal with your hotel partners for this platform? Partnerships will cement the possibility of making your services available to the traveling community.

Two of our founders are hotel owners, which means we have Their facility signed up.
But more importantly they have a wealth of business connections which are helping us on-board other hospitality services providers.

We have several already signed up, and more in the works; unfortunately we cannot yet disclose them at present due to regulatory limitations.

To ensure we get many hospitality services providers, we have a large client acquisition strategy. A part of it is strictly internal, but a part of it we will make available to the public as soon as possible.


Thank you both for the great questions.
Sincerely,

The Tryvium team

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April 26, 2019, 07:49:13 AM
 #11

I hope they have something special they will offer for investors. Traveling is an interesting idea, and has the potential to be more developed later


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READ OUR WHITEPAPER
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April 26, 2019, 08:41:18 AM
 #12

I hope they have something special they will offer for investors. Traveling is an interesting idea, and has the potential to be more developed later

All who will use TYM for booking through Tryvium Platform will have a 10% discount on the already discounted prices  Wink
And by using TYM for booking you will also receive double loyalty points, which means your future booking will be even cheaper!

Also, early investors (Pre-ICO and ICO) will have a chance to win free vacations - during our Tryvium Platform Beta test.


Yes travel/tourism is a very big industry, with an incredible potential to scale into/with adjacent sectors.
We are honored and privileged to be a part of this sector, and excited for its future!


Sincerely,

The Tryvium team

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April 26, 2019, 11:22:02 AM
 #13

Nice, for hotel, apartment and another accomodation services, how to register. They need to be stake/buy TYM or just register as usual with partnership contracts?

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April 26, 2019, 12:45:29 PM
 #14

Nice, for hotel, apartment and another accomodation services, how to register. They need to be stake/buy TYM or just register as usual with partnership contracts?

No stake is needed, we believe that would limit the adoption speed of Tryvium among hospitality services providers. Also it would make Tryvium similar to a master-nodes system, which could make it more difficult for the Tryvium Company LTD to navigate the legislative requirements.

Nevertheless the hospitality services providers are incentivised to buy TYM - as all payments they make (to the Tryvium Company LTD) will get a discount if they pay with TYM.
Similarly to the way that travelers using TYM are incentivised with loyalty points and cashbacks.

To on-board on the Tryvium Platform and/or buy other services provided by the Tryvium Company LTD, the hospitality services providers register in the same way as with classical OTAs.


Sincerely,

The Tryvium team

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April 26, 2019, 01:04:59 PM
 #15

I hope they have something special they will offer for investors. Traveling is an interesting idea, and has the potential to be more developed later

All who will use TYM for booking through Tryvium Platform will have a 10% discount on the already discounted prices  Wink
And by using TYM for booking you will also receive double loyalty points, which means your future booking will be even cheaper!


i read on the first page that the traveler and hospitality will get discount by 20~25%, is the discount that you mention above is different from that discount?

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April 26, 2019, 01:08:23 PM
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If you browsed in this forum, you encountered several projects focusing in the travel industry already. The major obstacle in implementing their objectives is finding their partners that will give life to their project. Do you have long list of potential partners or better yet, have you communicated and sealed the deal with your hotel partners for this platform? Partnerships will cement the possibility of making your services available to the traveling community.

Two of our founders are hotel owners, which means we have Their facility signed up.
But more importantly they have a wealth of business connections which are helping us on-board other hospitality services providers.

We have several already signed up, and more in the works; unfortunately we cannot yet disclose them at present due to regulatory limitations.

To ensure we get many hospitality services providers, we have a large client acquisition strategy. A part of it is strictly internal, but a part of it we will make available to the public as soon as possible.


Thank you both for the great questions.
Sincerely,

The Tryvium team

Okay, sounds great! So the implementation of your services is very straightforward as you can test your platform on their hotel business. Have you done internal test runs or not yet? Will watch how you will actually implement your program in this hospitality industry...

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April 26, 2019, 02:07:33 PM
 #17

I hope they have something special they will offer for investors. Traveling is an interesting idea, and has the potential to be more developed later

All who will use TYM for booking through Tryvium Platform will have a 10% discount on the already discounted prices  Wink
And by using TYM for booking you will also receive double loyalty points, which means your future booking will be even cheaper!


i read on the first page that the traveler and hospitality will get discount by 20~25%, is the discount that you mention above is different from that discount?

Yes, the discount mentioned above is added on-top of the 20-25% baseline discount  Cheesy



If you browsed in this forum, you encountered several projects focusing in the travel industry already. The major obstacle in implementing their objectives is finding their partners that will give life to their project. Do you have long list of potential partners or better yet, have you communicated and sealed the deal with your hotel partners for this platform? Partnerships will cement the possibility of making your services available to the traveling community.

Two of our founders are hotel owners, which means we have Their facility signed up.
But more importantly they have a wealth of business connections which are helping us on-board other hospitality services providers.

We have several already signed up, and more in the works; unfortunately we cannot yet disclose them at present due to regulatory limitations.

To ensure we get many hospitality services providers, we have a large client acquisition strategy. A part of it is strictly internal, but a part of it we will make available to the public as soon as possible.


Thank you both for the great questions.
Sincerely,

The Tryvium team

Okay, sounds great! So the implementation of your services is very straightforward as you can test your platform on their hotel business. Have you done internal test runs or not yet? Will watch how you will actually implement your program in this hospitality industry...

Yes, some internal testing and subsequent results analysis has been already done - we use the 'build a little, test a little' approach.

Thank you, we are looking forward to releasing the Tryvium Platform Alpha!


Sincerely,

The Tryvium team

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April 27, 2019, 11:04:03 AM
 #18

I hope they have something special they will offer for investors. Traveling is an interesting idea, and has the potential to be more developed later

All who will use TYM for booking through Tryvium Platform will have a 10% discount on the already discounted prices  Wink
And by using TYM for booking you will also receive double loyalty points, which means your future booking will be even cheaper!

Also, early investors (Pre-ICO and ICO) will have a chance to win free vacations - during our Tryvium Platform Beta test.


Yes travel/tourism is a very big industry, with an incredible potential to scale into/with adjacent sectors.
We are honored and privileged to be a part of this sector, and excited for its future!


Sincerely,

The Tryvium team
All beautifully written, wakes you to work as stated by the team? I was an investor in a similar company, if I'm not mistaken EthereumAlps. At the end I'm at the broken trough. And now I am wary of such kind of projects. Therefore, we need real results, not just text on paper.

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April 27, 2019, 07:03:59 PM
 #19

All beautifully written, wakes you to work as stated by the team? I was an investor in a similar company, if I'm not mistaken EthereumAlps. At the end I'm at the broken trough. And now I am wary of such kind of projects. Therefore, we need real results, not just text on paper.


Hi @BY_ATOM

We feel your pain as many from our team personally had the same experiences.

To ease your fears we have monthly development updates on Medium (https://medium.com/@tryvium), the next one - No.4 - is due very soon.
And we will be releasing the Tryvium Platform already in the Alpha stage so you can see tangible progress as soon as possible.


Sincerely,

The Tryvium team

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April 28, 2019, 09:08:58 AM
 #20

Thanks for your prompt answer.
I ll be waiting for the airdrop to collect some tryvium

I like the project because it gives benefits also to hotel owner and this can be a real competitor of booking.com

Anyway congrats for the project its well done. lets see how far it goes!

Cheers

CK
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