Amidst the hectic and often complex nature of the current travel business, a new cryptocurrency seeks to rise to the occasion and streamline the entire process.
Explore Coin, set to launch on 30th September, will provide its users with a single currency capable of being used across borders with extreme ease and convenience. The currency will be paired with applications that allow users access to maps, accommodations and business reviews offline. With the utilization of its flagship product, the explore coins themselves, travelers will be able to avoid currency exchange and booking fees. Furthermore, companies that partner with Explore Coin allow travelers to use these coins to pay for their services.
Explore Coin will use Blockchain as its basis to secure and protect its customer's privacy and information. Blockchain is a publicly distributed ledger that tracks and displays data transparently and securely. With an industry like tourism and travel that has non-standardized prices which vary constantly, Blockchain technology integration will serve to build customer trust. Transparent transaction records available on a decentralized platform will eliminate any discrepancies with multiple service providers.and eliminate any concerns pertaining to security and customer protection.
Explore Coin’s team is backed by powerful and diverse partners. Startups in the sustainable tourism industry Ecoplore and Ecobnb,Yogaank.com, are just to name a few. To further bolster its reputation as a secure and trustworthy medium, Explore Coin’s blockchain technology is worked on by members of the NASDAQ cybersecurity team.
Explore Coin will provide users with a single secure currency capable of being used across borders to pay for all expenses travel related. Its purpose is to eliminate the middleman, namely banks, currency exchanges, and travel agencies who seek to profit off of fees that make travelers reluctant to travel. Their belief is that such overcharge shrinks the customer pool and ultimately reduces economic growth within the industry as a whole. With the launch of Explore Coin, applications that allow users access to maps, accommodations and business reviews offline will also be released. Explore Coin’s partner companies will allow travelers to pay for their services using these coins.
The company boasts a high-profile team: From Ankit Lal, the social media consultant of the Delhi government in India with 133K followers on Twitter, to journalists Prerna Prasad and Dilnavaz Pasha who work for CNN and BBC, and Sreekanth Kocharlakota an employee of NASDAQ’s cybersecurity division. The core team includes young founders Roshan and Samo who have tried their hand at multiple businesses with empty resumes.
Explore Coin has already partnered with a myriad of companies and agencies across multiple continents. Ecoplore and Ecobnb, the sister partner companies, are the prominent sustainable tourism businesses in India and Europe respectively.
The company already has a massive base of users waiting for its release. The product they offer and the strong partnership backing the product make it (reasonable to assume/very likely) that the coins will run out and meet their target before the ICO end date. The expected price of this coin by 2018 is 3$.
The pre-sale price per coin will be $0.30 each and a total of 2 million coins are being distributed. As for the coin distribution mechanism during the ICO, the coins are being sold in blocks of 0-10M, 10-25M, 25-40M, and 40-80M with prices increasing from $0.30 to $0.80 . The crowdsale will run from Sept. 30 till the goal of has been met.
www.explorecoin.io
https://medium.com/explorecoin
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https://twitter.com/explore_coin
https://reddit.com/r/ExploreCoin