WHAT IS ICO AND HOW DOES IT WORK?

An ICO is, simply, Crowdfunding. This centuries old method helps support projects off the ground. Traditionally family or friends would offer their help in the shape of loans or support to help accomplish the new business ideas. In more recent years, with the help of technology and widespread use of internet crowdfunding though internet has taken a leap. As per a report published by University of Cambridge business school in 2015 it was estimated that over $34 billion were raised via this method.

Watch this video to learn more.

 
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ICO DETAILS

TravelCoin’s ICO will include distributing 2 Billion TravelCoins to the travel and cryptocurrency industry starting in September 2017. The base value of TravelCoin® is $1. The Base Value Discount Algorithm will determine the discounted price during each tranche. The starting discounted price is $0.01 and the discount will reduce through the offering period (refer to chart below). The maximum donation per supporter is equivalent to $500, allowing an opportunity for small investors to be a part of this life changing, and world changing, opportunity. During the ICO the goal is to attract over 1 Million Subscribers of TravelCoin who will reap the benefits of investing in their beliefs. Upon the complete distribution of these 2 Billion TravelCoins the offering will be made public. Unlike traditional ICOs, the expected investment period is between 1 and 2 years and during this period it is expected to bring over $500 Million  with a community of 1 Million Subscribers. The migration date will be completely dictated by investor adoption. The philosophy behind a longer investment period lies in our culture. TCF is about harnessing the power of the travel community. By extending our investment period, we give more time for more people to learn about the Foundation and to participate in the ICO.

The base value of TravelCoin is based on an algorithm that takes into account available supply of TravelCoins. During the ICO all 2 Billion TravelCoins will be distributed in 26 tranches of between 50 Million TLC and 100 Million TLC. The first tranche of TravelCoins will be available at $0.01. every tranche of TravelCoin will have higher value than the previous one. This means that the last tranche will be given out at $1. Each tranche of TravelCoins also determines daily Buy/Sell limits on Secondary Market

Total supply of TravelCoin is set at 21 Billion which cannot be changed. 2 Billion TravelCoins have been allocated to the ICO. After that the coin creation will be done via the Stake Reward Distribution System (SRDS) mechanism. SRDS is set at a maximum 30% of the original 2 Billion TravelCoins per year. Which means every year a maximum 600 Million TravelCoins will be created. This will bring an inflationary effect which is good for the TravelCoin economy. It will take a minimum of 33 years to mine all TravelCoins. This mean by 2050 21 billion TravelCoins will be in circulation.

SUBSCRIPTION options

 

CRYPTOCURRENCY

Individuals may purchase
TravelCoins using other
cryptocurrencies.

sweat equity

Developers, programmers, designers, and marketing professionals may help support TravelCoin development and receive TravelCoins

 

future SUBSCRIPTION options

 
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AIRLINE
MILES SWAP

Individuals may swap their
Airlines Miles to TravelCoins 

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HOTEL
POINTS SWAP

Individuals may swap their
Hotel Points to TravelCoins

 

 

TCF is working with experts in these areas creating the infrastructure
and relationships for these future subscription options.

The TravelCoin® Foundation Management Team consists of highly qualified professionals in their respective areas to ensure that the mission and objectives of TCF are achieved in a timely fashion and with the highest quality. 

The TCF team is committed to protecting Subscribers’ interests and to delivering value in TravelCoin usage. This group of tenured professionals join TCF with a wealth of experience, vision and passion for the industry. They, along with the TCF Board, are determined to change our Subscribers future while bringing innovative programmes to the travel industry.

Directors Election by TravelCoin® Subscribers

TCF has empowered the TravelCoin community to elect Directors to run this Foundation This
is a sign of a true democracy using the blockchain technology at the helm of it. The concept is based on
Democratic Autonomous Organisation (DAO) where control is in the hands of TravelCoin holders.

The Directors of TravelCoin Foundation will be elected by the TravelCoin holders via smart contract voting system. The management comprises of five Directors, with two permanent positions and the other three are elected by TravelCoin holders. One of the three elected Directors will represent the Corporate Subscribers of TravelCoin Foundation. Directors once elected serve for a 1 year term. The Board of Directors appoint the Executive Director and Advisory Council.

Digital Currency is a brand-new phenomenon in the world of technology.

The core concept is simple yet complex for many around the world. The success of a Digital Currency is its user adoption, widespread application is only possible through ease of use and low barrier to entry. TCF is reaching out to the world and building TravelCoin communities all around the globe from China in the East to USA and Canada in the West. During the very early phase of launch, TCF has already received interest in the TravelCoin from Asia pacific, South East Asia, West Asia, Euro Asia, Eastern Europe, Western Europe, Africa, North America, South America and The Caribbean.

1 Million Subscribers

One of the main goals of TravelCoin is to gather 1 Million Subscribers by Dec 2019. The bigger the community, the stronger the support making TravelCoin a currency of choice for travellers around the world.

$500 Contribution Limit

One of the innovative steps by TravelCoin is to make its Initial Coin Offering (ICO) a level playing field for masses by setting a maximum limit of $500 subscription for each Subscriber.

Extended ICO Fundraising Period

Traditional ICOs last for a few weeks and are usually taken up by institutional subscribers. The majority of them have know-how of the digital currency or tech industry. These qualified subscribers are constantly monitoring the trends and are the first to jump into the upcoming ICO based on their knowledge and experience. By the time ordinary people get to know about these amazing ICO offerings it’s too late for them. TravelCoin provided a solution for this by offering a longer term ICO with caps on subscriptions. This enables masses to participate and take advantage of the ICO offering and in return will help TravelCoin achieve its 1 Million Subscribers goal. 

TravelCoin® Community Votes for Projects

TCF is a community based not-for-profit where we empower our TravelCoin Community to vote on major development projects of TravelCoin via Smart Contract. This means that TravelCoin Subscribers are not only decision makers in electing the Board of Directors but also in selecting which projects should be given priority or made redundant. This brings the power in the hands of TravelCoin holders, in shape of true democracy.

We believe that transparency is a main key to success. TravelCoin is committed to building a family of Subscribers. We recognise that the more people know about TravelCoin, the better. Our aim is to provide great value for TravelCoin early adopters.

As TCF looks towards funding opportunities, we intend to hear from our TravelCoin community as to what they believe is most important. Our Board of Directors are always looking at ways in which TCF can best change the travel industry.

Stake Reward Distribution System (SRDS) Up To 30%

TravelCoin is using Stake Reward Distribution System (SRDS) to reward loyalty to the community and the bright future of TravelCoin. The more TravelCoins you hold in your wallet, the more Stake Rewards you get. This also makes the opportunity a level playing field for everyone. Those who are not so familiar with the technology and how to setup a mining machine and connect to the network to mine and those who do not have access to large sums of funds to invest in powerful computing devices, can participate in the success of TravelCoin through the SRDS.

Subscribers may hold their coins in their TravelCoin wallet and receive Stake Reward coins on a daily basis. The Stake Reward is calculated based on an algorithm that takes into account the quantity of TravelCoins you are holding at the time of distributing Stake Rewards. The Stake Reward tier levels:

PoS GROUP STRUCTURE

COINS PoS QUALIFICATION
0 - 999 0% PoS
1,000 - 4,999 10% PoS
5,000 - 49,999 15% PoS
50,000 - 199,999 20% PoS
200,000 - 499,999 25% PoS
500,000 - INFINITY 30% PoS


Secondary Market for Subscribers

The TravelCoin Secondary Market allows for immediate liquidity during the ICO period. Subscribers can load their USD Wallet by up to 10 times the subscription made. It’s simple to load your USD Wallet with any of the crowdfunding options. Trade amongst all the Subscribers of TravelCoin and help raise the awareness and value of TravelCoin. The initial Discounted Base Value of TravelCoin will start at the $0.01. The Buy/Sell limits are also set by the ICO Base Value Discount Algorithm. There is no trading or withdrawal fee applied. This service is free for all Subscribers of TravelCoin and is based on our desire to support small Subscribers who have needs that are different than the very wealthy. Watch this video for training on how to use this revolutionary platform.

Base Value Indicator

 
TravelCoin Base Value Indicator
$0
$500
$ Curent Base Value
$ Next Base Value
0 TRAVELCOINS
0 TRAVELCOINS
 

COUNTDOWN TO END OF TRANCHE 11

 

TRAVELCOIN DISTRIBUTION TRANCHES

 

TRAVEL COIN
DISCOUNTED
BASE VALUE
TRANCHE
DURATION
TRAVELCOINS
IN EACH TRANCHE
1 0.01 4 weeks 50,000,000
2 0.02 4 weeks 50,000,000
3 0.03 4 weeks 50,000,000
4 0.04 4 weeks 50,000,000
5 0.05 4 weeks 50,000,000
6 0.06 4 weeks 75,000,000
7 0.07 4 weeks 75,000,000
8 0.08 4 weeks 75,000,000
9 0.09 4 weeks 75,000,000
10 0.10 4 weeks 75,000,000
11 0.12 4 weeks 75,000,000
12 0.14 4 weeks 75,000,000
13 0.16 4 weeks 75,000,000
14 0.18 4 weeks 75,000,000
15 0.20 4 weeks 75,000,000
16 0.25 4 weeks 80,000,000
17 0.30 4 weeks 80,000,000
18 0.35 4 weeks 80,000,000
19 0.40 4 weeks 80,000,000
20 0.45 4 weeks 80,000,000
21 0.50 4 weeks 100,000,000
22 0.60 4 weeks 100,000,000
23 0.70 4 weeks 100,000,000
24 0.80 4 weeks 100,000,000
25 0.90 4 weeks 100,000,000
26 1.00 4 weeks 100,000,000
2,000,000,000

 

Inflation & Stake Reward

YEARS AVAILABLE SUPPLY
OF TRAVELCOINS
STAKE
REWARDS
INFLATION %
1 2,000,000,000 600,000,000 30%
2 2,600,000,000 600,000,000 23%
3 3,200,000,000 600,000,000 19%
4 3,800,000,000 600,000,000 16%
5 4,400,000,000 600,000,000 14%
6 5,000,000,000 600,000,000 12%
7 5,600,000,000 600,000,000 11%
8 6,200,000,000 600,000,000 10%
9 6,800,000,000 600,000,000 9%
10 7,400,000,000 600,000,000 8%
11 8,000,000,000 600,000,000 8%
12 8,600,000,000 600,000,000 7%
13 9,200,000,000 600,000,000 7%
14 9,800,000,000 600,000,000 6%
15 10,400,000,000 600,000,000 6%
16 11,000,000,000 600,000,000 5%
17 11,600,000,000 600,000,000 5%
18 12,200,000,000 600,000,000 5%
19 12,800,000,000 600,000,000 5%
20 13,400,000,000 600,000,000 4%
21 14,000,000,000 600,000,000 4%
22 14,600,000,000 600,000,000 4%
23 15,200,000,000 600,000,000 4%
24 15,800,000,000 600,000,000 4%
25 16,400,000,000 600,000,000 4%
26 17,000,000,000 600,000,000 4%
27 17,600,000,000 600,000,000 3%
28 18,200,000,000 600,000,000 3%
29 18,800,000,000 600,000,000 3%
30 19,400,000,000 600,000,000 3%
31 20,000,000,000 600,000,000 3%
32 20,600,000,000 400,000,000 2%
33 21,000,000,000

become a travelcoin suBSCRIBER

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BECOME AN INDIVIDUAL SUBSCRIBER

An individual or a company can participate in TravelCoin by becoming a Subscriber free of cost.
Subscribers may also buy TravelCoins of up to $500.

There are several payment methods available for Subscribers. The number of TravelCoins a Subscriber may receive depends on the amount paid and discounted Base Value of TravelCoin at the time of purchase.

The subscription limit has been placed in order to provide the opportunity to a wider community to be part of TravelCoin and gain advantage. 

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BECOME A CORPORATE SUBSCRIBER

TCF partners with other organisations who wish to help revolutionize the travel industry by partnering with TravelCoin to use their digital currency for their incentives and reward programmes. Hotels, airlines and travel related companies are welcome to become a Corporate Subscriber. A Corporate Subscriber may apply and each application will be assessed and approved on a case-by-case basis.  

So, if your company has the vision to see the future as we do, please email us at with a company profile, contact information and your proposal, and let’s see how we can partner to unlock a world of opportunity for millions of people around the globe.

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BECOME A SWEAT EQUITY SUBSCRIBER

We are a diverse group of amazing professionals who are spread across the globe. We won’t be limited by borders and want to partner with talented people who have vision and the desire to share a unique perspective. We believe that our differences are our greatest strength and, if that aligns with your viewpoint and you have talents to add to our mission, we want to talk to you, no matter whether you are in Boston or Beijing. We have opportunities for IT development, website design, SEO execution, blogging, promotion and PR, almost any way a creative and forward-thinking person can contribute is of interest to us. Let’s chat about how you might earn TravelCoins or other sweat equity exchange. These opportunities will be assessed on a case by case basis so email a proposal to tell us all about you, your skills and how we might partner.