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

A second chance to change more people’s lives for the better!
A second chance to change more people’s lives for the better!
February 8, 2021

As promised in the last update, we are launching a second round of Tratok’s holiday per year for life for two more lucky winners and their partners. We received a lot of excellent feedback ..

We start 2021 in a strong position but exponential growth potential lies ahead
We start 2021 in a strong position but exponential growth potential lies ahead
January 21, 2021

As we come to the end of the first month of 2021, we look forward to a year with a far more constructive underlying foundation for the travel and tourism sector than 2020. On one hand, the .....

As we head towards 2021, Tratok hosts an iconic launch party for a world changing product
As we head towards 2021, Tratok hosts an iconic launch party for a world changing product
December 10, 2020

If there is a single appropriate word to describe Tratok’s second generation ecosystem launch event, it would have to be “Iconic”. A groundbreaking event, featured by the Dubai Media Office..

A few thoughts from the Team before Tratok’s November 14th launch announcement
A few thoughts from the Team before Tratok’s November 14th launch announcement
November 10, 2020

We are happy to report that over the last fortnight, pilot tests were successfully conducted involving seven different groups from Europe composed of thirteen individuals from five differen.....

Tratok’s latest deal with Hotel Data Cloud beats our original June 2021 target by 400%.
Tratok’s latest deal with Hotel Data Cloud beats our original June 2021 target by 400%.
October 9, 2020

The partnership will ensure that the data from Hotel Data Cloud's portfolio of over 11,400 hotels in 153 countries which feature more than 1.2 million rooms, will be utilized by Tratok's ec.....

Finishing 2020 on a strong note
Finishing 2020 on a strong note
September 6, 2020

Following approval from the General Counsel of Tratok Ltd and Tratok Portal LLC, management is happy to announce that trading can now resume. We are delighted to report that we are ful.....

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..

Meet Our Team

Current Progress

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