TravelerToken ICO and Token Sale Review
Traveler Token (TLT) introduces a blockchain based payment system primarily for use within the travel industry. The project aims to greatly reduce costs to benefit all stakeholders within the industry and beyond. Though the platform will focus on the travel industry, it shall not be limited to spreading beyond that sector.
About the Project
How often do we travel abroad just to receive nasty surprises related to bank charges and local currency transaction costs, among other issues. TLT hopes to step in and fix these issues to the mutual benefit of all parties in the following ways:
- By removing intermediaries and providing both tourists and service operators the opportunity to trade directly on this secure and transparent platform, costs can be greatly reduced. These reductions can minimize cost to the traveler whilst also maximizing profit for service providors.
- The system uses distributed ledger technology and safe storage with the future integration of smart contracts keeping the platform totally safe and preserving integrity.
- By incorporating special credit cards to pay directly with TLT as well as the ability to convert TLT to local currencies immediately, the platform becomes both more convenient and faster than traditional cumbersome processes.
As the project grows, it hopes to attract a global network of service providers as well as an expanding user base which will enable it to grow beyond just the travel sector.
The ICO per-sale is set to begin April 23rd. During this period, investors will be entitled to receive a bonus of up to 30% on their investment. This amount will descend based upon the time and level of investment. The main sale of the ICO will then begin on May 21st.
From the funds raised during the ICO, 35% will be set aside for R&D, 25% for marketing, and a further 20% for partners in the project.
The project has a hardcap of 100,000ETH and ETH is the only accepted currency for investment with a minimum purchase amount of 0.2ETH with 1ETH equal to 5,000 TLT.
Residents of USA, Vietnam, Singapore and China are all restricted from participation in this ICO.
The token is ERC20 based and will be known as TLT. The company has plans to list on major exchanges and 67% of the total supply of tokens will be available during the ICO.
- Start Date2018-05-21
- End Date2018-06-21
- Payment MethodBTCETHFiat
- Total Supply500000000