TravelBlock is a decentralized blockchain based network that intends to bring innovation in the contemporary system used for travel purposes.
|Description||TravelBlock is a decentralized blockchain based network that intends to bring innovation in the contemporary system used for travel purposes.|
|White Paper URL||https://travelblock.io/documents/white-paper.pdf|
|ICO Launch||2018/05/14 05:00|
|ICO Closing||2018/06/28 05:00|
|Token Platform||ETH (ERC20)|
|Coin Price||ETH 0.1|
|Coins Offered||600,000,000 TRVL coins|
What Is TravelBlock?
TravelBlock is a decentralized blockchain based network that intends to bring innovation in the contemporary system used for travel purposes. The platform is looking to devise a framework for travel services through which people can take maximum benefit as compared to the existing model of the framework. TravelBlock intends to bring a system which is more secure, transparent, immutable, and pseudonymous for the people. Users of TravelBlock will be able to claim 30- 60 percent discount on their vacation and travel needs. By bulk purchasing system, the platform offers some of the best deals available around to its registered users.
TravelBlock is a blockchain based decentralized platform that intends to provide users a low cost and secured travel deals. The platform intends to provide customers exceptional customer services, affordable rates, and premiere concierge by eliminating all those traditional GDS as well as third-party commission systems. Besides trying hard to bring revolution in the system that people use to book to plan their travel, it also strives to be the highest quality platform available worldwide.
How Does TravelBlock Work?
TravelBlock is looking to introduce a system where vacationers are connected through the blockchain. Currently, travel agents depend on Global Distribution System – GDS to connect users to their ultimate destinations. However, the platform will eliminate the GDS system making it way easier for vacationers to book a better travel plan by getting into a direct contact with service providers, thereby enjoying low cost yet better travel services.
Earn TravelBlock Tokens
The platform has started it pre-sale phase of the ICO that is expected to last for more than a month. The ICO pre-sale will end on April 18th, 2018. People who wish to earn TravelBlock tokens can participate in the pre-sale phase of the ICO. Alternatively, investors who wish to earn TravelBlock tokens can also wait to contribute to the crowd sale of the ICO that is expected to take place in May 2018. People will also be able to earn TravelBlock tokens in exchange for other cryptocurrencies from supported exchanges around the world.
Buy TravelBlock Tokens With E-Wallets
TravelBlock is based on ERC20 tokens. People who wish to buy TravelBlock tokens can use their e-wallets for the same. People will need to send ETH using their e-wallets to buy TravelBlock Ethereum. As per the information available on the official website of the ICO, the TravelBlock tokens will be distributed one week after the ICO sale ends. All such participants who wish to buy TravelBlock tokens but don’t have an e-wallet yet need to open an e-wallet prior they buy TravelBlock Tokens.
The ICO Distribution
The ICO will be holding its token crowd sale on May 14th, 2018. The ICO will last for about one month and two weeks. It will end on June 28th, 2018. There will be a total token supply of 600,000,000 TRVL coins out of which 306,000,000 will be made available for the public to subscribe. The market cap of the ICO is defined as $84,000,000. The ICO will observe a soft capping of $18,722,500 and a hard capping of $37,445,000 respectively. The starting price of the ICO token is 0.1ETH. The ICO will observe a zero percent emission rate that means no token will ever be created in the future. All unsold tokens will be burned by the ICO.
The ICO plans to distribute its tokens under the following proportion;
- 51% of the total tokens will be offered to the public to buy/subscribe
- (21% tokens will be distributed to the Pre-ICO, whereas 30% tokens are planned to be distributed for ICO)
- 20% tokens are planned to be distributed to TRVL program by the ICO
- 12% tokens are planned to be distributed to Bounty and Reward Programs
- 17% tokens are planned to be kept as a reserve by the platform itself
Unlike other ICOs, TravelBlock has not shared any detail about the planned usage of funds generated through the ICO. We have explored the official website of the ICO as well as took a deep look on the whitepaper of the ICO but we couldn’t find any such detail, therefore we are not able to provide the percentage figures concerning the fund’s allocation of the ICO.
The ICO, however, plans to offer bonuses to its early contributors/investors. Those buying TravelBlock tokens during the early days of the pre-sale of the ICO will receive 10% bonus. People who buy TravelBlock tokens in early days of the main sale of the ICO will receive a bonus of up to 5% by the ICO.
The ICO has following team members
- Douglas Saunders is the Co-Founder & CEO of the ICO
- Jeff Bredy is the Co-Founder & COO of TravelBlock
- Steve Knight is the Vice President / Director B&D at TravelBlock
- Anna Martinez is the Lead Marketing Officer at TravelBlock
- Michael Cholowicz is the Marketing and blockchain Advisor at TravelBlock
- Gengis Cetina is the Senior Developer at TravelBlock
- Wannipha Buakaew is crypto expert and Director for Marketing in the Asia Pacific at TravelBlock
Invest In TravelBlock
After a careful review of the ICO, we hereby conclude that TravelBlock is one of the best ICO we have ever reviewed. The reason why we say that is simple, it has a workable objective, potential to scale its operations worldwide, offers excellent customer support, exceptional traveling services at much affordable rates. In short, TravelBlock is going to be the market leader of ICOs offering travel services based on the blockchain. We believe people should definitely invest in TravelBlock.