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#Blockchain All projects

TripBit: Smart cryptocurrency for travel

We bridge the gap between blockchain technology and the travel industry with effective all-in-one platform solution.

stage Ended crowdsale

3.7 Rating

by 1 users


    KPLs

    • Employees9

    Team

    7

    George Rozos

    Founder & CEO

    James Rozos

    Founder & Technical Lead

    Juan Susilo

    DevOps Coordinator

    Rohan Jain

    Dapps Development

    Megan Chen

    Finance & Strategy

    Sam Williams

    Software Engineer

    Rebecca Syed

    Digital Marketing


    Advisors

    2

    Jayden Takahashi

    Blockchain Advisory

    Andy Choy

    Senior Analyst & Advisory




    Crowdsale details

    Distribution of tokens
    • Crowdsale (70%)
    • Bounty Programs (20%)
    • TripBit team (10%)
    Budget allocation
    • Bankroll (40%)
    • Development (30%)
    • Marketing (15%)
    • Vault (15%)
    Details Indicators
    Token Symbol TBT
    Full Token Name TripBit Token
    Pre-crowdsale Start March 21st, 00:00 GMT+03:00
    Pre-crowdsale End April 24th, 00:00 GMT+03:00
    Crowdsale Start May 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 3rd, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $40000000
    Crowdsale Soft Cap Yes, $4000000
    Domain registration date 2017-11-14
    Domain owner Registration Private, Domains By Proxy, LLC, DomainsByProxy.com 14455 N. Hayden Road, Scottsdale, Arizona, UNITED STATES

    Cost of the token

    10000 tokens for 1 eth

    Price without discounts

    Bonuses

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    35% March 21 — April 24, 2018
    5% > 10 ETH
    Crowdsale
    Bonus Dates Minimum purchase amount
    30% May 01 — 14, 2018
    25% May 15 — 28, 2018
    20% May 29 — June 11, 2018
    10% June 12 — 25, 2018
    5% > 10 ETH

    Accepted currency

    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    1
    Alexandr Gonchar May 21, 2018
    Rating of project
    3.7

    Advantages

    The project creates new opportunities for tourism business with "all-inclusive" service using blockchain and distributed technologies. The company wants to provide an easy and affordable system for paying for flights, hotels and different events.

    Risks and disadvantages

    In addition to blockchain technology, the company will also use its own monetary unit - the TripBit token. They think that it will facilitate calculations both inside and outside the system. However, tokenization of the project and the calculation of the coin's value is a quite serious problem faced by many projects. Besides the fact that it's necessary to conclude thousands of partnership agreements with hotels, air carriers, etc., which is unlikely in this situation.

    Comments

    The project includes many interesting and progressive ideas, but I think that it's unlikely that this project will be able to gain popularity and take a serious position in the tourism business; there are a lot of reasons, I listed two of them - it's project's token that would have no value and numerous contracts that need to be concluded by the company for normal operation.


    FAQ

    Frequently Asked Questions

    How do I contribute?

    To contribute you must visit our home page – www.tripbit.info – and then click on the “Contribute” button. There you must fill in your personal details and ETH address and click submit. After that you will be provided with the smart contract ETH address that you will contribute to. PLEASE NOTE: You must send your ETH from an ERC-20 compatible wallet, such as myetherwallet or mist.

    DO NOT SEND FROM AN EXCHANGE or you will lose all ETH sent.

    Follow this guide for more information on accepted wallets.

    What is the minimum and maximum contribution?

    Presale - | Minimum - 0.01 ETH | Maximum - No Maximum

    What is the price of TBT?

    Regular Contribution -1 ETH Value - 10,000 TBT Bonus -No;
    Presale Contribution - 1 ETH Value - 13,500 TBT Bonus - 35%

    What is your product?

    The New Global Currency for Travel & Tourism
    Travel & Tourism is one of the world’s largest industries, contributing an impressive $7.6 trillion US dollars to the global economy. This massive industry predominately operates through fiat currency and hence is subject to an array of problems including extortionate foreign exchange rates, transaction delays, and double bookings. TripBit will take over the market by bringing efficiency, low fees, instantaneous transactions, and trust to the Travel & Tourism industry with blockchain technology.

    Global Travel Platform
    TripBit will build a platform that will indeed revolutionise the Travel & Tourism industry with blockchain. TripBit will create an ‘All-In-One’ solution by integrating three core businesses – Flights, Hotels, and Events, into a single platform running on blockchain technology. By integrating Flights, Hotels, and Events services into a single platform, travellers will not have to waste time navigating a plethora of websites searching for the best deals, and hence TripBit can be considered an “All-In-One” solution while aiming to provide the cheapest prices available on the market with blockchain technology. Additionally, TripBit will continue to seek to expand its services, with tour, itineraries, airport pick-up and delivery, and car rental services at the top of their list.

    Dapp P2P Marketplace
    TripBit will also build a second platform, one that will offer a market for travellers to buy and sell their tickets, this will be available through a Decentralised Application (Dapp) powered by the Ethereum blockchain. This Dapp will be a Peer-to-Peer (P2P) marketplace to facilitate the decentralised transaction of tickets related to travel (i.e. events, tourism, etc). The purpose of this platform is to empower ticket holders who would otherwise not be entitled to a refund, and those who desire to resell and purchase discounted tickets with no intermediaries, while still maintaining security and of course minimal fees and instant transactions due to the underlying blockchain technology.

    The TripBit Token (TBT) and Other Payment Options
    In order to fuel the TripBit platform, TripBit will be launching the TripBit Token (TBT) as a new form of global currency. However, payment options are important because not everyone owns cryptocurrency. In recognition of this. TripBit will hence cater to both cryptocurrency and fiat payment options, maximising its target market and revenue streams. All major currencies will be supported on TripBit, including TripBit Tokens (TBT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and fiat (USD, AUD, EUR, GBP, etc). Through this business model, TripBit will also contribute to the mass-adoption of cryptocurrency by exposing everyday travellers to the benefits of blockchain technology as a form of currency.

    Through this business model, TripBit is a leading pioneer for the mass-adoption of cryptocurrency in the global economy.

    Where can I find official links to your social media accounts?

    Telegram: http://telegram.me/tripbit
    Facebook: https://facebook.com/tripbitico
    Twitter: https://twitter.com/tripbitico
    Bitcointalk: https://bitcointalk.org/index.php?topic=2970410.0

    On which exchanges is the token traded ?

    This information will be published in July 2018, we are negotiating with major exchanges.

    Who is your competition?

    We are the first cryptocurrency-orientated company to conduct the transaction of online bookings for flights, hotels and events that will steal large market share. We are also the first company to offer a secondary, decentralised peer-to-peer Dapp marketplace for consumers to resell their tickets to events that they would otherwise not be refunded for.

    Why would investors choose to invest in the platform?

    Investors looking to make long-term gains from the growth of a reputable company would choose to invest in the platform. The platform is of a global scale with endless opportunity for expansion, partnerships and development and is positioned to disrupt and steal a large market share of the $7.6 trillion-dollar travel industry.

    What is your next step after raising ICO funds?

    Firstly, the token will be listed on major exchanges to satisfy token-holders. At the same time, we will be finalising our Global Platform and Dapp whilst expanding our team to foster even more talented developers and leaders, as we begin to service consumers with their online travel services. Finally, we will continuously mass-market our product and steal market share from the $7.6 trillion-dollar travel industry.

    How long it will take to build whole TripBit network?

    The Global Platform and secondary Dapp will be finalised within three quarters from ICO date.

    How long it will take for TripBit to become self-sustainable?

    TripBit will become self-sustainable quickly due to a lack of overhead expenses. We expect to rapidly gain market share once the platform is complete, resulting in highly profitable cash flow.

    Do you have support of local authorities?

    Yes, we are regulated under ASIC as an incorporated company, with the support of Australian authorities, and will have no trouble expanding internationally.

    Do you already have any feedback from the crypto community and investors?

    Yes, we are backed by the major ICO listing websites with the honour of ‘Gold Listing’ due to the quality of our company, and have received many positive reports and media attention which you can find in our Partners & Media section of the home page. We also see overwhelming support from our community members on different online channels and social media.

    How will the team build trust and market the company?

    We have official company registration documents for Australia, under ASIC regulation which is much more legitimate than most ICOs.

    We have been establishing the TripBit brand by communicating with investors and negotiating with media and ICO listing sites to prove that we are legitimate. This has resulted in gold listings for all major ico websites, and interviews.

    We have an external PR team tasked with giving us more interviews and media coverage on tier 1 & 2 media sites.

    I still have questions…

    If you still feel as though we have not answered your question, or would like clarification on a certain matter, please do not hesitate to email [email protected] and we will get back to you swiftly, or join us on Telegram


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