Trippki is a hotel booking and rewards platform that creates a new, and better, relationship between hotels and their guests.. Trippki ICO rating – not rated.
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Ended ICO : 14/11/17 – 28/11/17
About Trippki ICO (token sale)
At Trippki we love traveling, and we love the travel industry, but more and more the space has come to be dominated by middlemen who extract a significant portion of the value transfer for themselves.
We want to change that. We want the value to be shared between those that really matter – the guests and the hotels. The premise is simple, once guests have completed their stay they receive a kickback in the form of the native Trippki token, TRIP.
TRIP are reward point tokens, but as crypto assets they can be spent or traded at the owner’s discretion. So they are unlike any other reward system. Each TRIP given as a reward is recorded in the rewards ledger allowing users to build reputation on the platform and with specific hotels. This gives the traveler freedom whilst allowing hotels to tailor specific offers to their customers.
Trippki is a new hotel booking channel and customer reward system that incentivises sharing the value transaction in the booking process between guests and hotels – the players that actually create value. By disintermediating the current OTA (Online Travel Agent) model, Trippki gives control back to customers and hotels, allowing not only value sharing, but reducing the costs associated with traditional centralised booking platforms. Such systems were not possible before the emergence of decentralised cryptographically verifiable computing that allow participants to cooperate and enter business relationships without trusting each other or relying on a third party. Trippki aims to solve common problems with traditional booking platforms and enable more sustainable relationships between customers and hotels.
Trippki replaces the traditional closed silo model with an open protocol powered by an Ethereum based token system. In the Trippki model, part of each booking payment is converted into TRIP tokens which are given to the customer as a loyalty reward. TRIP token’s data persistence and immutability is provided by the Ethereum network, granting a built-in system of reputation that allows hotels to tailor specific, reputation based, offers to their guests.
The TRIP token value is derived from access to a cost-efficient universal loyalty points travel economy. TRIP is a cryptographically secure and decentralised token. TRIP is a crypto-asset that is robust and redeemable at the holder’s discretion, unlike any other reward point. For customers, TRIP has immediate utility as it can be used to pay for hotel bookings and services on the Trippki platform. Over time, customers can build reputation on the platform, allowing hotels to serve them with bespoke offers, hence forming a direct relationship with their guests. Trippki utilises crypto-economic alignment for the different players within the travel economy. Our goal is to build and maintain a network effect that can dramatically reduce channel costs (commissions) from up to 30% within the existing OTA model down to 2.5% – 5%, and possibly gradually to zero.