London-based Trippki launched the main round of its ICO (initial coin offering) on July 2nd, having completed a successful pre-sale which concluded on July 1st; the token sale will conclude on August 2 unless the hard cap of 27,500 ETH (approx. £9.1 million) is met before then.
Established last year, Trippki is a hotel booking and cryptocurrency rewards platform which claims to create a new, and better, relationship between hotels and their guests.
Trippki states: At Trippki we love traveling, and we love the travel industry, but more and more the travel industry has come to be dominated by middlemen who extract a significant portion of the value transfer for themselves.
We want to change that. We want the value to be shared between those that really matter – the guests and the hotels.
The premise is simple, once guests have completed their stay they receive a kickback in the form of the native Trippki token, TRIP.
TRIP are reward point tokens, but as crypto assets they can be spent or traded at the owner’s discretion.
So, they are unlike any other reward system. Each TRIP given as a reward is recorded in the rewards ledger allowing users to build reputation on the platform and with specific hotels.
This gives the traveller freedom whilst allowing hotels to tailor specific offers to their customers.
Edited by Gordana Davila
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