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.
Value Addition for Subscribers
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
|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.
Countdown to End of Tranche 24
TravelCoin Distribution Tranches
IN EACH TRANCHE
Inflation & Stake Reward
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