What is TravelCoin®?
TravelCoin is a crowdsourced travel ecosystem with a blockchain-based community that will seamlessly unite travellers with travel services worldwide. TravelCoin is the newest, and most innovative, cryptocurrency to ever be introduced. It is offered to the ordinary subscriber, with a $500 cap, to allow more people to gain the advantages of participating in an ICO. The funds raised by this ICO will be used to develop and create tools to make traveling easier and more humane.
What is the TravelCoin Foundation?
TravelCoin Foundation (TCF) is a not-for-profit community interest company (CIC) registered in the United Kingdom. The objectives of the Company are to carry on activities which benefit the community and, in particular, to develop software and commission research on how Digital Currency and Blockchain technology can improve the travel experience for travellers while impacting the global economy as a whole. You can read more about the TravelCoin Foundation at www.TravelCoin.org.
What is the start and end date of the TravelCoin ICO?
The TravelCoin ICO opens September 3, 2017 and will end after 26 thirty-day tranches or after the distribution of all 2 Billion Initial Circulating Supply of TravelCoin. To become a Subscriber of TravelCoin go to www.TravelCoin.org and click the “Become a Subscriber” button for more information.
Can I mine TravelCoins?
Unlike proof-of-work blockchains such as Bitcoin, there is no mining of TravelCoins, instead Subscribers may acquire TravelCoins through subscription and then by participating in the Stake Distribution Reward System (SDRS). Subscribers may also trade on the Secondary Market to receive more TravelCoin.
What is the Stake Reward Distribution System (SRDS)?
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 distribute all TravelCoins. This mean by 2050, 21 billion TravelCoins will be in circulation.
What is the Secondary Market?
A Secondary Market, which is an internal trading platform, will allow for the trading of TravelCoin amongst the Subscriber-only community of TravelCoin holders. This Secondary Market is one of the first projects to be developed after the launch of the ICO and has many benefits to TravelCoin Subscribers. During the ICO period, when TravelCoins are not available on the open markets, instead of waiting until the end of the ICO to start trading, TravelCoin Subscribers can trade their TravelCoins amongst themselves. Those Subscribers who want to acquire more TravelCoins can use this Secondary Market and buy up to ten times their initial purchase of TravelCoins from other Subscribers who want to sell.
What is an ICO?
An ICO is, simply, Crowdfunding. This centuries-old method helps support projects to get 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 increased technology and the widespread use of the internet has taken crowdfunding to a whole new level. As per a report published by the University of Cambridge business school in 2015 it was estimated that over $34 billion was raised via this method.
How do I become a Subscriber?
Becoming a Subscriber is easy. Go to www.TravelCoin.org and click on the Become a Subscriber button. Complete the fields and click Register. You will receive a verification email and, once you accept the verification, you will see a Subscribe Now button. Select this and you will be taken to the Subscription steps to purchase your TravelCoin.
What is the difference between an Individual, Corporate and Sweat Equity Subscriber?
An individual or a company can become a Subscriber free of cost. Subscribers may also subscribe for up to $500USD and receive TravelCoins. The number of TravelCoins a subscriber may receive depends on the amount they purchase and the discounted Base Value of TravelCoin at the time of making their subscription. The subscription limit has been placed in order to provide this ICO Subscriber opportunity to a wider community who wish to be part of TravelCoin and gain the advantage.
TCF also partners with other organisations who wish to use TravelCoin for their incentives and reward programs. Hotels, airlines and travel related companies are welcome to become a TravelCoin Corporate Subscriber. A corporate Subscriber may apply to TCF and each application will be assessed by the TCF Board and approved on a case-by-case basis.
Sweat Equity Subscriber (bounty program)
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, an Advisory Council position, or other sweat equity exchange. These opportunities will be assessed on a case by case basis so send a proposal to tell us all about you, your skills and how we might partner.
Can I become a TravelCoin Subscriber without making a subscription right away?
Of course! Go ahead and create your TravelCoin Subscriber Account and you can come back and make a TravelCoin purchase to become part of this revolutionary community at any time.
Why is the subscription limit set to US $500?
Traditionally an ICO is funded by seasoned Subscribers with large purchasing power which limits the average persons ability to become part of an ICO. The TLC subscription limit has been placed in order to provide the opportunity for a wider community to participate in this ICO.
How many TravelCoins will be available?
The total supply of TravelCoin is set at 21 Billion which cannot be changed. The Initial Circulating Supply of 2 Billion TravelCoins have been allocated to the ICO. After that the coin creation will be done via the Stake Reward Distribution Method (SRDM) mechanism. SRDM is set at a maximum 30% of the original 2 Billion TravelCoins per year. Which means every year a maximum of 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 distribute all TravelCoins. This mean by 2050, 21 billion TravelCoins will be in circulation.
When can I trade my TLC on the open market?
At the end of the ICO you will be able to trade your TravelCoins on public exchanges. A list of those exchanges will be provided to all Subscribers when the ICO ends.
When I tried to verify my registration from the link in my email, it said activation token invalid, why?
This happens if you open your verification in an “incognito tab”. Please click the link in your email again but ensure you are not in incognito mode.
I made my purchase of TLC, but they are not in my account yet, why?
Check your email. If payment was received you will have an email letting you know your payment was submitted and is pending. You will receive a second email upon successful receipt of your payment and your TravelCoins will appear in your account. This may take some time as your purchase processes through the Blockchain system.
If you do not see the email, please check your junk or spam folders.
I Subscribed but did not use my full US $500. How can I purchase more TLC?
Simply log into your account and you will see an accounting of what remains of your $500 limit. To purchase more TLC, select Subscribe to make another purchase of TLC at the current discounted value listed.
How do I purchase TLC in the ICO?
You may subscribe for up to $500 US to participate in the TravelCoin ICO. We accept the following cryptocurrency as payment:
- Ethereum Classic
I forgot my password, how do I log into my account?
Go to ICO.GlobalAdventuresGroup.com, enter the email address you used to setup your account and select Reset Password. You will receive instructions to reset your password via the email you used to register. Once you have reset your password through the link you will receive in your email, please close your browser pages and reopen to ICO.GlobalAdventuresGroupl.com and login.
I have never purchased cryptocurrency before. How do I acquire some to make my subscription and receive my TLC?
- Download and install the app or cryptocurrency payment app of your choice from the Google Play store or App Store on your mobile device.
- Open the app and follow the on-screen instructions to create your account.
- Once your account has been created, verify your account and link a payment option of your choice.
- Purchase Bitcoin (BTC) or Ethereum (ETH) on the app.
- Send your payment to TravelCoin using your registered Subscriber Account.
There are may apps and wallets to choose from, here are just a few to get you started on finding the one right for you:
Note that many apps and wallets require you to verify who you are through a KYC process. This process could take 1 to 3 days and may affect the amount of digital currency you can acquire immediately.
We do not endorse or recommend specific wallets or apps; the list above is suggested only. We do not guarantee their security or workability and are not liable for loss or errors encountered in their use.
Why do my tokens not show immediately after I purchase?
Please allow time for the tokens to be processed on the blockchain. Once this is complete, your balance will appear in the wallet on the dashboard page.
Can US, China, or South Korea Citizens participate in the TravelCoin ICO?
At this time, any taxpayer, resident, green card resident or citizens of the U.S., China, or South Korea are unable to participate in the TLC ICO.