• bitcoin
    BTC$5,255.00
  • ethereum
    ETH$154.53
  • bitcoin
    BTC$5,255.00-3.71%
  • ethereum
    ETH$154.53-6.37%
  • TriipMiles

    CryptoPotato score

    8.04/10

    TriipMiles

    TriipMiles! Empowering locals to decentralize travel. The travel-by-token economy with 1.8M hotel rooms, 6000+ unique local tours and 100,000+ users in 227 countries.
    Inefficient Inventory Approval and Dispute Settlement, High Customer Acquisition Cost and High Cross-Border Payout
    Automate & decentralize high cost operation processes Qualifying and rating tour guides & accommodation quality will be published to the original P2P protocol, eliminating the intervention of a centralized system. Align incentives P2P travel token used by all stakeholders: travellers, locals, hotel owners, reviewers, promoter. Rewarding token for activities on the platform. Increase income by lowering transaction fees With TriipMiles, there will be no foreign transaction fee, no currency conversion. Save money for hosts and guests.

    TriipMiles Review and Rating

    8.1

    Team

    8.0/10

    Stage of The Project

    8.0/10

    Project Potential

    8.0/10

    Token-Use

    8.0/10

    Token Sale Terms

    8.5/10

    White Paper

    8.5/10

    Technology

    8.0/10

    Community

    7.5/10

    Pros

    • Leveraging an existing business: Triip Pte. Ltd is an established company operating in 228 countries, with $858,000 in seed funding, 100k users, $1.5m in revenue and a database of over 1.9M hotels and 6000 local guides. Triip.me has spent 4 years working on government compliance. They are Board members of the Pacific Asia Travel Association (PATA), which allows them to communicate with governments on a monthly basis. The TriipMiles blockchain project will penetrate the market with the existing customers and business partnerships of Triip.me.
    • Strong and experienced core team: The founding team brings together 60 years of experience in both product development and travel.
    • Blockchain helps Triip.me scale its business: Blockchain technology helps reduce the cost of triip approval and arbitration. The TIIM token economic model creates an incentive for tour companies, travelers, guides, arbitrators, and verifiers to all perform the activities needed to run a functional decentralized travel ecosystem. Triip.me’s P2P referral protocol circumvents the traditional social media-advertising model that is expensive and unreliable.

    Cons

    • Strong Competition: Triip.me faces competition from large companies like Airbnb, who recently entered the travel/touring space in December 2017. Other OTA’s also have a funding advantage over Triip.me because they can afford to spend more on data, market, technology, and human resources. Triip sees its adoption of blockchain technology as the primary way to fight off this competition. Currently, Airbnb is only considering blockchain for their review and ratings applications.
    • Unclear Global Crypto Regulation: Government regulation around crypto is still an ongoing issue. Governments usually have a large role to play in the tourism industry of most countries, so Triip.me will have to find a way to be compliant if they want to expand. Triip.me seems to have already started working with Governments, as they are board members of PATA, and the Singapore Tourism Board currently licenses them. Furthermore, Tour guides who frequently perform tours around traditional public tourist sites are expected to get a Government license. If they can’t afford one, the platform allows them to raise money through crowd-funding to acquire the license. Using smart contracts, funders will be able to earn a percentage of a tour guide’s revenue for helping them acquire a license.

    Public Sale Starts At

    Unknown date

    Total Hardcap $2,355,726 (18,750 ETH)

    Token: TIIM

    Token type: ERC-20

    ICO price: 1 TIIM = 0.00011363 ETH

    Finite token number: 500,000,000 TIIM

    Token Allocation: 33% Distributed, 25% Community Reserve, 17% Company Reserve, 15% Ecosystem Advocates, 10% Team

    Availability: US and Chinese citizens excluded

    Status: Whitepaper and Working product ready with more than 50,000 users

    Accepted Currencies: ETH

    crowd sale

    End of Q3/2018

    Community

    Twitter 5,849 followers

    Telegram 4,374 members

    Team Members

    TripMiles Team Member

    Hai Ho

    CEO

    kent

    Kent Nguyen

    CTO

    paul-

    Paul Wee

    CFO

    yap

    Dr. Yap Kwong Weng

    Co-founder

    jun

    Jun Ishikawa

    East Asia Director

    TripMiles Team Member

    Jumpei Nishikawa

    Japan Lead

    Advisory Group

    Adam Carlos
    Chief Investment Officer, Partner at XSQ

    Joel Ng

    Adviser

    tiago
    VP Asia Pacific at AppCoins and Aptoide

    Tiago Costa Alves

    Adviser

    long-

    Long Vuong

    Adviser

    mario

    Mario Hardy

    Adviser

    brian

    Brian Leonard

    Adviser

    victor

    Victor Chua

    Adviser

    TripMiles Team Member

    Melvin Yuan

    Adviser

    Partners

    t logoAppcoin Logokybernetwork logo

    Investors

    Gobi Partners LogoX LogoVynn Capital Logo
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