The Tratok Token

Blockchain technology leveraged to add value to the travel and tourism industry

Whitepaper About

What is Tratok

The Tratok token is a unique token which will be used on the Tratok Travel application to make bookings for travel and tourism services. Be it reserving a hotel room, booking a flight or renting a car, this multiplatform application will result in more economical, hassle-free arrangements for clients and service providers alike. By using blockchain technology to disrupt the existing business model, Tratok offers significant advantages over existing conventional platforms. Principally, it lowers transaction fees, eradicates the need for middlemen, saves time on bookings and results in more profit for service providers and savings for consumers. With stakeholder experience as the main priority, the Tratok project seeks to revolutionise the USD 7.6 Trillion travel and tourism sector and set a new standard.

OPTIMIZATION OF RESERVATIONS

Cost Transparency

Unfortunately, it is often the case that the price represented to an individual is not the final price that the consumer is asked to pay. Often w.....

The Inefficient “Middleman”

In the 21st century, the majority of us are capable of finding information for ourselves. It defies logic that there should still be a “Middleman..

Refunds And Fund Freezing

Issues with the reclamation of payments for cancellation has remained a consistent problem with electronic reservations. This is for a multitude .....

Extreme Transaction Costs

Online reservations, despite the client doing the majority of the work, have significant transaction fees. Among these fees include charges impos.....

Foreign Currency Exposure

Due to fluctuations in currencies, in conjunction with mark-ups that financial institutions provide on foreign currency transactions, purchases i.....

Communication Problems

Communication remains another shortcoming. Whether you are getting in contact regarding a cancellation, a refund or for any other reason, it can .....

Latest news

Announcing a life changing gift to the public. Don’t miss out!
Announcing a life changing gift to the public. Don’t miss out!
August 3, 2020

Tratok is proud to once again lead the rest of the industry in providing products that are meaningful and revolutionary. This time around, we are raising the bar higher, even by our sta.....

A live 1st view of the 2nd Generation Travel Ecosystem
A live 1st view of the 2nd Generation Travel Ecosystem
July 9, 2020

How does one show confidence in their team and product? The Tratok Team challenged Mohammed Altajir to conduct a live demonstration of the 2nd Generation Travel Ecosystem. Let's see how i.....

Trading temporarily halted while regulator reviews our 4th license request
Trading temporarily halted while regulator reviews our 4th license request
July 9, 2020

A courtesy update for all our stakeholders and partners: While the regulator reviews our latest application for a fourth license, Tratok has been asked to co-operate with the exchanges t.....

What form will summer holidays take in 2020?
What form will summer holidays take in 2020?
June 14, 2020

As summer approaches, everyone is keen to see what form these holidays, the longest for the year in many countries, will take. Uncertainty about the re-opening of borders, the availability .....

A summary of STR’s European Hotel Analysis
A summary of STR’s European Hotel Analysis
May 22, 2020

As a result of the corona pandemic, 100’s of thousands of hotel properties find themselves in financial distress. But as hotels properties are hard to repurpose, they have no choice but to ..

The hotel world is being rocked by coronavirus shutdowns
The hotel world is being rocked by coronavirus shutdowns
May 14, 2020

Seven out of ten hotel rooms in the United States are empty, and the industry has lost nearly 4 million jobs and more than $21 billion in revenue. Where does the hospitality sector.....

The Economic Cost Of The Pandemic
The Economic Cost Of The Pandemic
May 13, 2020

On the third day of deconfinement in France, glimpses of a post COVID life start appearing, within the rules of social distancing still required by the government.    What is i.....

Our Success: Belief, Trust & Simplicity
Our Success: Belief, Trust & Simplicity
May 13, 2020

In our previous article, we showcased Warren Buffet’s decision to sell all his airline stocks in the face of the pandemic. To many, the decision of this investment guru to give up on the tr..

Decentralized Exchanges Disabled
Decentralized Exchanges Disabled
April 25, 2020

Following the advice of our Legal General Counsel in reference to AML-CFT Law16.1(b); AML-CFT Decision24.2-4, 27.7, 28.1-2, 29.4, 37.1-3 as outlined by the central bank of the UAE, Tratok L.....

Visit the world virtually
Visit the world virtually
April 23, 2020

The desire to travel is one which is innate to man: a desire to learn, to grow one’s self and one’s knowledge. Tratok was developed to be able to democratize travel and tourism and offer th..

A time of renewal
A time of renewal
April 16, 2020

In a historic address to the nation on Monday, the President of France Emmanuel Macron highlighted the importance of knowing how to renew oneself in the face of the changing realities of th.....

MENA Hotel Market Sentiment in April 2020
MENA Hotel Market Sentiment in April 2020
April 12, 2020

By Nicholas Paillart, Chief Marketing Officer – Tratok. As the hospitality sector faces an existentialist crisis unprecedented in its history, one which has not only crashed occupancy,..

Q2 2020: Great challenges ahead will yield great opportunity and value.
Q2 2020: Great challenges ahead will yield great opportunity and value.
April 4, 2020

The team wanted to take a moment to update you on the situation during these difficult times. As we have just started the second quarter of 2020, this seems like the ideal time. This w.....

Tratok announces our summary of progress over the first half of Q1 2020
Tratok announces our summary of progress over the first half of Q1 2020
February 15, 2020

Halfway through the first quarter of the year, the team would like to summarize the 23 updates and milestones reached thus far. At almost four important updates per week, 2020 has started st.....

Don’t believe the hype! The numbers are fake! Tratok is not growing!
Don’t believe the hype! The numbers are fake! Tratok is not growing!
February 12, 2020

Tratok has always been different. In an industry that is overcrowded with fraud, we have always ensured we champion technology and products and results over bogus promises and magic beans an.....

Meet Our Team

Current Progress

Feasibility Study
100%
White Paper
100%
Team Assembly
100%
Token Generation
100%
Partnership building
92%