Initial Idea/Solution to create Ethereum Travel Token was born.
ETH Travel Token Pre-ICO
The Pre-ICO token sale will be strictly allowed only for the first 5000 buyers and they will receive an additional bonus tokens on their purchases during the Pre-Sale event. One billion ETH Travel Tokens which will be proportionately distributed to the first 5000 ETH Travel Token buyers respectively.
The Pre-ICO event will last for 11days starting from 5th June 2018 till 15th June of 2018.
The Pre-ICO token supply will be 1,000,000,000 (Tokens will be distributed after the Pre-ICO)
Ethereum Travel Token Sale
Key information about the upcoming token sale
KEY INFORMATION SUMMARY
|Tokens Distribution||After the ICO|
|Open Date||June 5th 2018|
|ICO Crowd Sale||July 1st 2018|
|Base Rate||1 ETH = 10000 ETHTT|
ETH Travel Token Distribution
ETH Travel Budget Allocation
Ethereum Travel (ETHTT) Token Discount Structure
Token discounts will be awarded based on supply that is sold. As more tokens are distributed, the discounts will decrease. To make sure you receive the highest bonus, you should try to contribute as early as possible.
The full discount structure is defined below:
|Sale Phase||Discount %||Dates||1 ETH Contribution|
|ICO Phase 1||30%||07-01-2018 to 07-10-2018||13,000 ETHTT|
|ICO Phase2||20%||07-11-2018 to 07-20-2018||12,000 ETHTT|
|ICO Phase3||10%||07-21-2018 to 07-30-2018||11,000 ETHTT|
This Application layer consists of APIs (Application Programmable Interfaces) to facilitate the use of blockchain functions and user interfaces to enable consumer interaction.
Ethereum Travel Token APIs resemble modular building blocks that enable different kinds of functionalities to be implemented to integrate with Airlines, Hotel, Rental Car Industry applications. Some key features are:
User interfaces (Apps) utilize APIs and are capable of communicating with each other during user transactions.
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Get Transaction History
|Traditional Travel Booking||Ethereum Travel Token|
|The Online Travel Agencies and GDS holds your personal information related data.||You hold the key to your money and reservations. No need to trust a third party.|
|Heavy regulation and oversight to ensure the OTA (Online Travel Agencies and GDS) don't corrupt.||No regulations needed since control is not centralized to any single bad actor.|
|Expensive controls against theft and fraud.||Security derived from the consensus of the network.|
|Complex system of Global Distributed System and intermediaries make it expensive for the users and travel domains to make or modify reservations, especially internationally.||Direct, free peer to peer transfer without any intermediaries.|
|Hundreds of currencies, fluctuating in value and subject to local laws and regulations.||First truly global currency in travel industry.|
User Login with digital identity that was created with user information upon registration. Once authenticated, a session cookie gets created.
Variety of business rules applied to check user's balance, availability of airline tickets/ hotels rooms/ car rentals in the requested region, etc.
Social matching algorithm to get the lowest fare from the airlines, hotels and rental car service providers.
Location data used to verify 'proof-of-movement' using Federation (Cookie) and determine the cost in terms of ETH Travel Tokens.
Real-time response will be sent to notify both the user and the service provider of the match and will generate the user's transaction using ETH Travel Tokens .
Initial Idea/Solution to create Ethereum Travel Token was born.
Foundation of Research & Development center on current Travel Industries.
11-member team formed to start the Enterprise case study on several use cases in travel industry and connecting with major travel industries.
Solution to integrate all the major travel industries using Blockchain and Federation technologies.
Development of workflows for end to end user travel booking process, set up the environment for the integrations.
Initial POC to integrate with Global Distribution Systems (Airlines, Hotels & Car Rentals) started as part of the beta phase.
Pre-ICO Crowd-Sale Starts.
ICO Crowd-Sale Ends.
List Ethereum Travel Tokens (ETHTT) on major exchanges.
Ethereum Travel cloud application integration with major travel industries inEurope/ Asia (including release of mobile application to the user community) for the users touse Ethereum Travel Tokens to book/manage the travel reservations.
Expansion of Ethereum Travel Tokens usage to North/South American travelindustries.
Oinoun Rauli leads the Ethereum Travel blockchain technology Practice. He has over 20 years of experience in advising major travel industries on the strategic, operational, regulatory, of operating regulated travel industry services business models around the world, including both consumer lending and service provider products.As part of this initiation, Rauli is much focused on ensuring the right functional expertise is aligned to ETH Travel efforts and the broader Blockchain work that is being connected to multiple travel domainset.
Brian is leading the PoC work within the Blockchain/Smart Contracts ETH Travel domain practice. He is a subject matter expert in Blockchain technologies and focuses on Business Model and Operating Model Innovation using this technology. He has over 17 years of experience in providing consulting services to large global companies. primarily in travel industry sector in various kinds of initiatives ranging from develop strategy to design operating model and successfully implement solutions.
SalonenKasi is part of the Travel Capital Marketing team, specializing in effectively delivering large transformation programs at top travel and tourism industries including Airlines, Hotels and Car Rentals. She has over 20 years of experience in running front-to-back programs across divisions at travel industries such as Lufthansa and FATC. She has designed and managed large scale implementations through the entire lifecycle, from design through build, test, and adoption/conversion. She is an expert at running multidisciplinary teams and in making large programs deliver what the business needs for the transformation, with particular focus on managing the risk and the costs involved with any large transformation. She is currently focusing on introducing block chain technology through optimizing shared service models, and most especially, through more effective use of travel industry talent within ETH Travel.
Williams is part of the Ethereum Travel Blockchain technology senior executive and practice leader in Ethereum Travel R&D, which mainly focuses on the technology and cyber- security parts of travel industries. He has more than 20 years' experience in managing the development of advanced federation integrations and also leading the quality assurance department of the product.
Williams is involved in driving a secure developing lifecycle framework in Ethereum Travel, this corresponds with the high requirements of Blockchain and Federation related software and the conjunction with encryption, hashing, and key distribution and management.
Paul Ladder is currently leading the Ethereum Blockchain practice with a focus on travel industries and has been involved in the space for the last three years specializing in business case development for next generation travel industry market structure anchored in Ethereum Blockchain methodology. Paul has over 16 years of experience in providing consulting services through KPMG to large global companies. primarily in travel and oil & gas sector in various kinds of initiatives ranging from develop strategy to design operating model and successfully implement solutions.
David Muller is part of ETH Travel's BlockchainEmerging Technology Lab in Amsterdam. He is a graduate of Blockchain University: Cohort #5 and has experience with Eris based Blockchain deployment and Smart Contracts coding and is in charge of developing the technology for the ETH Travel economy effort. He is the Senior Developer for The Technology Lab focuses on researching and prototyping new solutions for ETH Travel clients across Asia Pacific and EMEA. In this capacity, David works closely with the business, developing private blockchain delivery methods. David was previously part of the core financial diligence team with multiple travel industry firms, and is a pro-bono financial advisor to social enterprise businesses.
Mark is a Product Lead within the team. He has more than 10 years of experience in designing and building web and mobile products in the ERP, CRM and EBS technology for travel industry sectors. By bridging a strong engineering background with deep product thinking, along with a passion for design and UX, Mark has been pivotal in shaping multiple world-class payments platforms.
In his most recent role, Mark was a Senior Consultant at EY, one of his responsibilities was overseeing the design and UX of digital currency payments to the end consumers and merchants in EBS space. He also forged key relationships with numerous Silicon Valley companies in the bitcoin, blockchain and payments space.
Chong has more than 16 years of experience in Information Technology, Federation related integration deployments, Cybersecurity, Privacy, IT Governance Risk and Compliance and national/international regulatory requirements in the Information Technology space.
Chong has led projects and worked in major travel industry service sectors. He has a strong international background having lived and worked in Europe and led teams in EMEA and APAC (China). His comprehensive technology background allows him to provide insights on all aspects of information technology strategy, risk, compliance, and control with related to Blockchain and federation integrations with all the major travel industries.
Julia is the EMEA lead and Senior Advisor for ETH Travel across EMEA in Ethereum ERC 20 Blockchain. She worked with Clients and partner firms to understand and shape how this technology will be used to drive efficiency, transparency and speed across the travel industry market. She has over 18 years of experience in multiple industries delivering technology and operating model changes end to end user transactions and market infrastructure industries. Julia has a deep understanding of travel transactions across various travel industries, clearing settlement, collateral management and operations.
Julia has developed and delivered a number of transformational change projects at major travel industries (KLM, SPG& Marriott) through KPMG and helped them plan structures that respond to the needs of Recovery and Resolution. Prior to joining in ETH Travel, Julia was with AIR France for 11 years leading the Airline Markets practice in France.
Kim Laura is part of the ETH Travel Blockchain working group. She is a graduate of Blockchain University: Cohort #5. Kim has worked on a wide variety of Blockchain business development projects, including advising, developing PoC proposals, strategy and solution development, and reviewing Blockchain and Federation integration best practices with several major companies. Kim has also been a part of the ETH Travel practice's onboarding team, she has experience identifying and onboarding startups into ETH Travel. Kim is part of the travel industries markets practice and has been working with major airlines, hotels in projects involving end to end travel transactions for the last couple of years.
Marcia is a Blockchain and Smart Contracts proposition advisor in ETH Travel Practice. As a bona-fide polymath, Marcia has been instrumental in synthesizing rich insights from Travel Industry Markets, Competitive Strategy, Regulation and High Tech to advise clients across EMEA in senior management, startups, private equity and regulation in framing their response to the disruptive potential of Distributed Ledger Technology. Prior to ETH Travel, Marcia served in advisory board for global technology and innovation roles at Marriott, Enterprise Car Rental and Marriott Hotels Research through Deloitte and EY. She delivered state of the art technology solutions using hands-on SME experts in BI, big data analytics, distributed computing, distributed databases, cryptography and network protocol engineering, which afford her the specialist insights into the applications and challenges of Travel Industries eco system.
Ethereum Travel is building its first of a kind, a travel eco system in the block chain era using ERC20 and federation technologies to have a peer to peer integration between the travel industry suppliers (Airlines, Hotels and Cars) and make it ease to its customers to use Ethereum Travel Tokens (ETHTT) to book their flights, hotels and rental car reservations.
Ethereum Travel Token is a disruptive in travel industry that provides a much better user experience and provide more extra layer security by eliminating the middle online travel agencies and GDS (global distribution system) for the users to book their flight/hotels/rental car reservations using ETHTravel Tokens.
Ethereum Travel's vision is to take a different approach other than the current traditional online travel agencies. Our goal is to integrate the different travel domain industries (Airlines, Hotelsand Car Rentals) using Ethereum ERC20 blockchain technology and Federation protocols to bring all the three domains under one umbrella. This will help all the travelers around the world to login to the Ethereum Travel Cloud application to book/manage their own reservations using Ethereum Travel (ETHTT) Tokens without the need to convert the loyalty travel rewards/points (Platinum, Gold, Silver…) from various travel industries (airlines, hotel and rental car) and also, contact the Online Travel Agencies and share their personal credit card information.
The Token Sale will start from June 5' 2018 and end on July 30' 2018. The Ethereum Travel Token Sale will be scheduled with four rounds (each round starts at 12:00 AM UTC). The Pre- ICO Pre-Sale (Round 1 starts from June 5th to June 15th), ICO Phase 1 (Round 2 starts from July 1st to July 10th ), ICO Phase 2 (Round 3 starts from July 11th to July 20th), ICO Phase 3 (Round 4 starts from July 21st to July 30th) .
1 ETH = 10000 Ethereum Travel Tokens (ETHTT).
The minimum contribution amount to invest is 1 ETH. There will be no maximum in any of the ICO phases.
Currently, we support ETH.
When sending the Ethereum directly to the address provided on ethtravel.io, users will receive the Ethereum Travel tokens after the PRE-ICO and ICO stages
Ethereum Travel Tokens (ETHTT) will be listed on all major exchanges in October' 2018
60% of the total number of ETHTravel Tokens will be allocated to the contributors during the token sale.
18% of the total number of ETH Travel Tokens will be allocated to the team and will be gradually vested over a 12-months period.
1% of the total number of ETH Travel Tokens will be allocated to Ethereum Travel Token Advisors.
21% of the total number of ETH Travel Tokens will be allocated to the Ethereum Travel company, to be used for future strategic plans for the created ecosystem, and as a reserve for the company.
63% of the total ETH Travel budget will be allocated to the infrastructure and development.
14% of the total ETH Travel budget will be allocated to theETH Travel business development and advisory board.
3% of the total ETH Travel budget will be allocated to the ETH Travel legal activities.
3% of the total ETH Travel budget will be allocated to the ETH Contingency Plan.
17% of the total ETH Travel budget will be allocated to the Marketing