The cryptocurrency has been listed for public sale after a private investment was received.
SINGAPORE, FEBRUARY 23, 2019 — Blockchain company Triip announced today that it has put its TriipMiles (TIIM) token up for public sale. This is the first time the cryptocurrency has been up for offer via Reverse ICO. TIIM can be purchased via the Triip platform using Tomochain’s TOMO or with Ethereum (ETH).
The official exchange rates for TIIM are as below. The rates quoted were calculated according to the accepted currencies on Triip’s platform, as well as the global standard fiat currency, the US dollar.
One unit of TIIM is worth:
* 1/8800 ETH
* 1/55 TOMO
* US$ 0.015
This public sale by the company will see a limited quantity of around 100 million TIIM up for purchase for one month, up to March 31. The ICO follows an aggressive investment campaign by Triip, which as an accrued private investment of 126% over the soft cap; the token is currently present on 25,000 crypto wallets. According to the startup, TIIM is on track to hit 370,000 wallet users within 20 weeks.
Since January 23, when Triip launched their wallet app on the App Store, Google Play, and Aptoide, 542,620 TIIM have been mined through 3,009 proof-of-travel submissions and 26,730 lucky wheel spins.
To earn TIIM, users can submit travel itinerary documents to a verification system on the app, which is known as “proof-of-travel” submissions. Top cities that have been submitted include Dubai, Siem Reap, Singapore, Bali, Danang, Bangkok, New York City, Jakarta, Hanoi, and Paris. Travelers can also earn TIIM by working as local guides, drivers, online helpers, translators, promoters, verifiers, and arbitrators. Once earned, TIIM tokens can be used to purchase tourism services; the company offers a wide range of travel products, including 6,000 local experiences in 100 countries. As of March this year, TIIM holders will be able to select from nearly 30 million accommodation listings, including 145,964 destinations in 228 countries and receive the best offers online, after a 5% TIIM rebate.
For long-term holders of the cryptocurrency, TIIM also has a rewards system. In addition to the token increasing in value as it gains more adoption, TIIM holders will be able to earn more through a passive income stream that is proportional to the amount of TIIM users, and their takes in the wallet.
With the anticipated introduction of 100 million new users by their strategic partners, Triip believes that the demand for TIIM will rapidly increase very soon. As such, would-be investors are being encouraged to buy earlier, before entry becomes more costly.
Hai Ho, Triip’s Co-founder and CEO said, “We believe that tourism, and the 1.2 billion tourists that travel every year make this the right industry for the mass adoption of blockchain technology. The rapid growth of users for our Triip app also serves as a strong indicator that our vision is on track.”
Triip’s vision for sustainable travel is detailed in a video found here: https://youtu.be/7Xsw9BMcLmA
About Triip Pte. Ltd:
TriipMiles is co-created by 100 travel innovators and Triip Pte. Ltd., a VC-backed Singapore-based startup that provides a first-to-market blockchain solution for sustainable travel while aiming to shake up the $7 trillion travel market industry. Triip’s technology solutions are addressing the biggest problem in the current travel economy, a place dominated by inefficient & giant middlemen, while building the incentive-driven and decentralized system. This breakthrough solution enables never before possible unique, accessible travel experiences.
Debut of the TIIM coin follows Triip’s five years of work bringing enhancements to the travel industry through technological innovation. TIIM is the keystone of the company’s larger vision, a blockchain-enabled travel economy called the Triip Protocol.
Visit Triip’s social channels for the latest updates and participate in discussions about Triip’s ICO.