Blockchain

TripBit is a blockchain-based, all-in-one platform solution for the travel industryTravel & Tourism is one of the largest industries in the world, contributing approximately 7.6 trillion US dollars to the total GDP of the world in 2016. However, this huge industry primarily operates in fiat currency, causing numerous problems for travellers such as fluctuating foreign exchange rates and transaction delays.

How can TripBit address these problems?

TripBit is one of the decentralized trading platforms developed to address the problems mentioned above. It would bridge the gap between blockchain technology and the travel industry with its extremely efficient and effective all-in-one platform solution. The main idea of TripBit is to incorporate three core businesses — Flights, Hotels, and Events into one single platform running on blockchain technology. Travellers no longer have to waste time searching for the best deal.In the long term, TripBit aim to expand their business to related services such as tours, itineraries, airport pick-up, delivery, and car rental.Moreover, TripBit also builds a second platform which is going to serve as a marketplace for ticket buyers and sellers. This decentralized platform will facilitate buyers and sellers to exchange the tickets while still maintaining their security with minimal fees.Advantages of TripBitTripBit is the first company to integrate all three markets into one product, saving both time and money for travellers. TripBit team promises to offer lower fees, faster transactions, security and transparency as well as simple and reliable booking process thanks to blockchain technology.

Basic information about TripBit

-         Name: TripBit-         Token Symbol: TBT-         Category: Travel & Tourism-         Max Supply: 700,000,000 token-         Price: 1 ETH = 10,000 TBT-         Hard Cap: 40,000,000 USD-         Soft Cap: 4,000,000 USD-         Emission Rate: No new coins will ever be created-         Pre-Sale Start: 21 March 2018-         Pre-Sale End: 24 April 2018-         Main Sale Start: 1 May 2018-         Main Sale End: 3 July 2018-         Accepted Currencies: ETH-         Min Purchase: 0.01 ETH-         Max Purchase: None-         Website: www.tripbit.infoTripBit tokenTripBit as above launch the TripBit Token (TBT) as a new form of global currency. TBT token will be used in both fiat and cryptocurrency payment options. TripBit platform will support all major currency such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and fiat (USD, AUD, EUR, GBP, etc).  TeamTripBit team is led by CEO George Rozos who used to be Wealth Advisor at National Australia Bank. He is also a founder and CEO of Element FX, a Forex education and service company. The team is quite strong in Financial and Technology fields.ConclusionThe white paper of TripBit do not release much information about how TripBit platform will apply blockchain, therefore it is difficult to evaluate the potential of this project in terms of tech and product. This project received 3.5 points for ICO Profile in ICOBench, while there was no rating for team and vision. In ICOList, TripBit achieved 4.1 points out of 5, which was quite impressive.
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