Everyone loves a party, especially when you are paid to create or attend one right? Technological advancements have increased our reliance on the internet since the last couple of years. Almost everything we do, we do it online. With the evolution of the blockchain technology since 2008 by Satoshi Nakamoto who created Bitcoin, the blockchain technology has received tremendous global acceptance. Blockchain has even been termed "THE NEW INTERNET”. Blockchain technology is being used in different aspects of everyday lives. We see blockchain being applied in the health sector to manage medical records, it's also used in the agricultural, travel and tourism, educational sectors and even used to raise funds through icos. These above mentioned blockchain applications doesn't really pay you unless you have previously invested in them. Wouldn't it be fun to have a blockchain technology that is created for fun? A blockchain created to pay you simply for being the host or partying? This is where the idea of turrnt was born.
WHAT IS TUURNT?
Tuurnt was born to fill the void aims to decentralize the event industry. Tuurnt enables users to create and book events through the blockchain technology using Turrnt App. Users are allowed to create parties and other events while they earn income thereby eliminating the influence of middlemen and decentralizing the event industry. The tuurnt app will connect partygoers and fun lovers with hosts. Users can view which events are taking place in real time, invite their friends, and even pay for their events using the app. Through the tuurnt app, the stress of standing in queues to book tickets for events will be erased. Anyone who agrees to host an event gets paid while those who want to party book events from local or foreign hosts.
Tuurnt is basically targeted at the young people who are seeking to make money while having a great time. The target ages of tuurnt are people between aged 18-35 years of age which includes college students and adults who like to attend events.
TUURNT TOKEN AND APP
The tuurnt token is an ERC-20 utility token which is the only means of payment for the events arranged by hosts on the tuurnt app. Users can use the tuurnt wallet that is linked to their apps to pay for events, receive tuurnt and also transfer to their personal Eth wallets. The tuurnt token will be used primarily used for booking events both paid and free events and also to send to friends and families who make use of the tuurnt app. Depending on how active a user is, they will be rewarded based on the level system consisting of partygoers and event hosts.
THE TUURNT REWARD SYSYTEM
The event host receives rewards based on their ratings. After each event, the host receives either positive or negative ratings which then helps the host to reach a milestone depending on the quantity of positive feedback that he possesses. The host is then rewarded with tuurnt tokens at every new milestone (Silver, Gold, Platinum, and Diamond). The host must keep a minimum of 3star rating to be able to receive any rewards.
The partygoers get rewards each time they attend an event. The more events one attends the more tuurnt token reward will be awarded. The party goer gets extra rewards at each new milestone (Silver, Gold, Platinum and Diamond).
HOW SECURE IS TUURNT?
Some may ask how secure is tuurnt? How sure is it that the host will get paid for the event that has been hosted by them?
When partygoers pay for the events through the app, the tuurnt token is escrowed using the smart contract in a high level secured wallet and the host is paid 24hours after the event if there are no disagreements between the host and the attendee. If there is a disagreement, the tokens will be held between 24-48hrs until the issue is solved by the jury. The jury will consist of 12 people chosen from both party goers and hosts whose identity remains hidden.
CONCLUSION
Tuurnt will enable party goers to book events and choose between real time events that are on the tuurnt app and in turn, the party goers make additional income for attending events while the hosts get paid to create events. This will remove the centralized system of planning events and enable both party goers and event creators to make additional income.
TOKEN DISTRIBUTION
TEAM AND ADVISORS
For more information or if you need to contact the team, here are some useful links
Website: https://tuurnt.io
Whitepaper: https://www.tuurnt.io/tuurnt_whitepaper.pdf
BitcoinTalk Thread: https://bitcointalk.org/index.php?topic=3125913.0
Telegram: http://www.t.me/tuurntio
Authour Details
Steemit Username: e4ourma
Bitcointalk Username:johnyjay
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1819701
