Hi guys,
In this post I will further mention TravelChain and explain their new way of working and data sharing through a blockchain, As I already mentioned many things about this new ways of travel search/data sharing in my previous posts I will just continue with introducing you even more.
The main network power holder will be TravelTokens. Everyone that will have minimum Token required can access the information. Therefore, depending on the demand, sufficient amount of TravelTokens will be released to guarantee the smooth operations in the peak times. Furthermore, as mentioned in the previous posts individual data will be available to companies after a fixed fee of TravelTokens, which will cover developer’s fees as well.
Furthermore, by having a token, TravelChain enables creation of various assets like Used Issued Asset (UIA) and Market Pegged Asset (MPA). The difference between these two is that UIA token includes tickets, exchange units of any kind, while MPA token is pegged to a price for a journey to a certain country or currency market exchange rate.
TravelChain platform is a non-profit one and will not be commercialised. It will be regulated by the project’s decentralised management in order to have smooth operations. Furthermore, the bigger the network and the more individuals make transactions, more TravelTokens they will earn which will than in the later stage be transferable to bitcoin through an exchange. Therefore, I believe that the launch of TravelChain will impose something new to the market and will change the way people use/share/search for certain things which will further change the way we plan and go on a journey.
If you are interested in more, check these links out and remember that the ICO starts on the 30th of November!
https://travelchain.io/
https://bitcointalk.org/index.php?topic=2363991.0
Telegram chat group - https://t.me/travelchain
Steemit - https://steemit.com/@travelchain
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