Travacart is an online booking and e-commerce platform that enables users to quickly and securely book hotels and airline tickets for their travels. Users will be able to pay for all purchases using cryptocurrency and fiat funds. Using Blockchain technology will allow users to track all transactions conducted on the platform.
Business Model Overview Travacart (TRVT)
1. The validity of income
The project will receive income from the provision of tourism services and e-commerce services. Also, users will pay a commission fee for transactions on the platform. The project team plans to attract more users by creating a universal platform for tourism, which includes all travel services.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: ETH, BTC, USDT, USD.
3. Token emission
The project has a limited number of tokens. A total of 2 500 000 TRVT tokens will be issued (p. 8 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100%.
The provided flow chart shows the project goals until mid-2020 (p. 11 White Paper). The distribution of tokens will be as follows: 36% - “Reserved for token sale”, 16% - “Project founders”, 12% - “Promotion and Bounty program”, 20% - “Liquidity”, 16% - Corporate expenses.
6. SOFT CAP / HARD CAP Ratio
Assessing the SOFT CAP / HARD CAP ratio is not possible because the project does not have a SOFT CAP value. The value of the HARD CAP is $ 100 000.
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.