Smart Trip ICO - Should you invest?

in #smarttrip3 years ago (edited)

Smart Trip - Revolutionizing travel on the blockchain

Screen Shot 2018-05-02 at 13.37.48.png

The Smart Trip Platform

One of the big benefits of blockchain technology is that it brings low fee borderless transactions to all its users. So far, we have seen a big part of the cryptocurrency market is purely speculation with a handful of projects now starting to focus on real-world applications. Think of travel for instance - if you're planning to book a trip, you have a plethora of options to choose from, to plan the flights, hotels and activities. Platforms like Booking.com and any other for that matter, tend to charge hotels a 15-20% commission on every booking and you often tend to miss out on traveling to lesser known locations outside of the major hubs where everyone flocks to - further, small hotels, guides and other agencies with lower advertising budgets are unable to reach the travelers.

New paradigm for the travel industry

The Smart Trip platform is one such project which aims to address these issues by bringing travelers and service partners together on a blockchain platform enabling users to plan their trips from scratch - book air tickets, hotels, car rentals, holidays, activities and much more along with a social media functionality that lets you connect with fellow travelers.

Here's a demo snapshot available on the website:
Screen Shot 2018-05-02 at 13.36.18.png

As you can see above, the dashboard provides you a summarized view of the entire itinerary, places of interest, chats with travel agents and hotels, hot deals and various offers in addition to exchange rate info, travel tips, translations (useful in locations where your counterparts may not speak good English) and much more. The project team likens this to a hybrid between facebook and booking.com. As a traveler myself, I think the platform certainly has a strong potential to change the way we travel.

Business model and revenue sources

  • Membership fees charged to businesses (hotels, car rental companies, tour guides, etc.)
  • Transaction fees (lower levels to pass on the benefits to travelers and businesses)
  • Ad revenue (from promotions)
  • Fees (from Hot deals service)
  • Conversion fees
  • Transaction fees on SmartTrip debit cards (future)

Roadmap

TripCash (TASH) will be used for all transactions between users. In the initial stages, payments for integrated outside services (like train and flight bookings) will be made in fiat currency - however, the users will still be able to earn TripCash rewards.

  • Q2 2018 - ICO and token listing, final version release and development of iOS and Android apps
  • Q3/Q4 2018 - Platform testing, integration of TASH token and creation of personal crypto wallets
  • Q1 2019 - Launch of integrated debit cards

By Q4 2018, the platform is expected to be fully operational which is when the extensive marketing campaign will kick-off.

Token Sale Details

ICO Schedule

  • Pre-ICO 1 - April 16 to May 13, 2018
  • Pre-ICO 2 - May 14 to June 10, 2018
  • Main ICO - June 25 to July 22, 2018
  • Hard cap of USD 25 MN
  • Max Supply: 5 BN TASH
  • 60% of the tokens will be offered in the crowdsale, 10% will be reserved for team and advisors, 10% for early supporters and bounty and 20% will be part of the reserve fund
  • 60% of the tokens will be used in platform development and implementation, 15% towards marketing, 15% towards operations, 5% each towards legal and security

Links

Read more about the project here:

Summary

For a project like this, a lot depends on execution - I already like how the team has envisioned the platform, key features and benefits of combining social media and travel. But they will need to secure the right partnerships, make the envisioned platform come to life and most importantly bring aboard a large user base. Blockchain technology with a lower fee structure and global user base is bound to attract people to spend their crypto on travel so I suppose adoption should not be a barrier.

I'd love to hear your thoughts on the project. Please share your views on my blog.

Happy investing!

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