Tripbit

TripBit

TBT
Pre-ICO Start: 3/21/18 Pre-ICO End: 4/24/18

BMJ Score: 3.4

Market

Transparency

Team

Token

Adoption

Quick Summary

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Tripbit looks to disrupt the travel industry with their Global Travel Platform that provides an "all-in-one" solution by integrating three core businesses- flights, hotels, and events. By integrating Flights, Hotels, and Events services into a single platform, travellers will not have to waste time navigating a plethora of websites searching for the best deals, and hence TripBit can be considered an “All-In-One” solution while aiming to provide the cheapest prices available on the market with blockchain technology. Tripbit will also offer a Dapp P2P Marketplace where users can resell and purchase discounted tickets with no intermediaries.

Investment Information:

  • How to invest: To contribute you must visit the TripBit home page and then click on the “Contribute” button. There you must fill in your personal details and ETH address and click submit. After that you will be provided with the smart contract ETH address that you will contribute to. PLEASE NOTE: You must send your ETH from an ERC-20 compatible wallet, such as MyEtherWallet or Mist. DO NOT SEND FROM AN EXCHANGE or you will lose all ETH sent
  • Discount: 35% bonus on all pre-sale purchases, 40% if you contribute 10 ETH or more
  • Eligibility: Minimum purchase is 0.01 ETH, any nationality can invest

Market: 4.5

  • Most travel agents only accept payments in fiat, exposing the customer to a variety of unnecessary problems including extortionate foreign exchange rates, transaction delays, and double bookings. Travelers are also wasting too much time navigating a plethora of websites to find the best deals for flights, hotels and events.They want to make an easier, all-in-one solution to pay for travel using cryptocurrency and blockchain technology
  • Their target market are travelers looking to book vacation/travel bundles, especially travelers who are going to another country that might not use the same currency as their own
  • Most prevelant benefits of token holders: no chance for double booking because of smart contract system and blockchain transparency, bookings get confirmed in real time on blockchain, very secure and private using blockchain and decentralized currency, can use TripBut Dapp to resell your vacation if you can no longer make it, claim lowest fees of all major competitors. Holders also get to use the Dapp on your phone

Transparency: 4.7

  • Very clear mission: seek to create a global travel platform, Dapp P2P marketplace, all wrapped together with the TripBit Token
  • Global Platform and secondary Dapp expected to be finalized within three quarters from ICO date, great looking whitepaper and very clear one-pager, acquired institutional investors in January, 2018
  • Pre-sale for 4 weeks, then main sale for 8 weeks. Funds raised from the sale will be distributed to maximize token-holder value. 40% bank roll for human capital, 30% development for platform expansion, 15% marketing for mass adoption, 15% vault for emergency use

Team: 1.5

  • CEO, George Rozos, has past wealth management/services experience. Worked at a few Australian banks working as a financial markets trader. Doesn't appear to have experience in the tourism or travel industry. Overall, the team looks really young and inexperienced, and most of their profiles don't even have a Linkedin attached. They also only list one blockchain related employee
  • The team is small and not well represented on the website. Considering most don't even have Linkedin profiles, it's safe to assume there is not much integrity to this team
  • Team Members

  • George Rozos (LinkedIn)
  • James Rozos (LinkedIn)
  • Juan Susilo
  • Rohan Jain
  • Megan Chen
  • Jayden Takahashi
  • Sam Williams
  • Rebecca Syed
  • Andy Choy

Token Mechanics: 3.4

  • Currently no MVP but will be released 3 quarters after start of ICO sale
  • Difficult situation here. The currency is not necessary for the platform becaue TripBit also accepts fiat currency on the platform. Using the token still has benefits, but their acceptance of fiat definitely diminishes the tokens value
  • Unique token when accompanied with the platform and Dapp. TripBit claims they're the first platform of its kind, so it's certainly not "another one of those"
  • Decentralized platform, including Dapp
  • 700 million max token supply with 70% of that being released to the public. Remaing 30% will be using for bounty programs, marketing, airdrops, and giveaways. So potentially some diluting down the road

User Adoption: 3.3

  • No halo effect. Was featured on Travel+Leisure though
  • Below average buzz, not too many article shares

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