09Oct 2019 by admin

Pilot guests arrive, the unlock process starts, the war on fraud is won.

Company, Dubai, Progress, Tourism, Tratok, Website

It has been a busy two weeks for the team at Tratok. From welcoming our pilot guests from the United Kingdom to cleansing the community, it has been busy. The pilot tests were a massive success, the guests enjoying themselves, and teething problems being practically non-existent. With the feedback from the stakeholders (client and service side), we have refined some of our processes to smoothen the process and soon we look forward to welcoming all of you very soon first in Dubai and then the rest of the world as we expand. At the same time, the swap deadline has passed as of October 5th, and the wallet unlock has started. We understand there are some frustrations with this, as it has taken a few days longer than expected. It…

18Sep 2019 by admin

Ahead of our 25th September launch, the team is actively protecting the ecosystem

Company, Dubai, Progress, Tourism, Tratok, Website

Tratok started with the vision of being the world’s travel token. For this to work, the team’s leadership decided to make Tratok available to widespread adoption and bring the gift of travel to the world. Tratok was given away for free via airdrops. As can be seen from the company wallets (found here), not a single Token held by the company, development team or advisors has ever been liquidated or moved. They cannot be as the custodian, Mohammed Altajir, has these all locked by smart contract functionality and stored on hardware wallets at a bank deposit box. Naturally, when a project progresses and delivers a product and grows in value as Tratok has, opportunists will attempt to profit from the system via dishonest means. They have picked the wrong privately…

04Sep 2019 by admin

Is there such a thing as too much anti-fraud? Apparently there is!

Company, Progress, Tourism, Tratok, Website

Many of you would have realised that something strange happened on Tratok’s new smart contract over the last few days. The matter took a long time to investigate and get to the bottom of as since it was a Friday (a non-office day in the UAE). In short, our anti-fraud measures were too strong. So what happened? Let us break it down for you. As many of you know from our previous updates, we have automated filters built into Tratok to protect the community. Instead of opening on 2nd September as agreed, the good team at Hotbit were uber-efficient and opened as soon as they completed the swap. (We cannot blame them for being faster at their jobs than expected, and it is a credit to them, that they worked…

29Aug 2019 by admin

Scam Alert: A gang is targetting the public with old TRATOK

Company, Dubai, Progress, Tourism, Tratok, Website

It has come to our attention following the swap that a certain community attempted to defraud Tratok Ltd and the public. The unofficial “Tratok Africa” chat, set up by so-called supporters appears to have been a highly co-ordinated scam organized with evil intentions. Out of 206 members of this community, 177 (over 85%) attempted to cheat the system following the upgrade of the contract. As shown and confirmed by the blockchain, and in what is clearly a coordinated action, fraudulent actors attempted to move over their old tokens to the exchanges in order to try to obtain duplicate swaps. Once we became aware of this and halted it, these criminals attempted to defraud the public via the sale of the old tokens through the decentralized exchanges, taking advantage of members…

24Aug 2019 by admin

If you can change the world for the better and earlier, then do it! That is what Tratok does!

Company, Dubai, Progress, Tourism, Tratok, Website

Tratok is presently carrying out a comprehensive token swap across all Tratok holding wallets. The Team apologizes to the community for the delay in the execution of this operation which is due to the enhanced security implemented in the due diligence process. This is a necessary procedure to avoid people attempting to leverage the existence of two parallel tokens by swiftly transferring the old tokens and attempting to cash these out in a short transfer window. Despite working very closely with the exchanges and having blocked all deposits until the token swap is complete, our system has been able to actively detect such behaviour in some wallets and has immediately proceeded to ban these accounts from integrating with the new smart contract. The blocking of Tratok transactions across the exchanges…

11Aug 2019 by admin

The time for Tratok to change the world is fast approaching!

Company, Dubai, Progress, Tourism, Tratok, Website

The next month will be a busy one for Tratok and its supporters. With so many milestones set to be hit in the coming weeks, the team wanted to adhere to our transparency policy, a new standard we have set in this industry of crooked players and let the public know what is happening next. The team has worked through the weekend and will be working during the next few days (officially public holidays) to ensure all goes smoothly and management wishes to thank each and every one of them on behalf of the Tratok community. With that said, let's outline what is happening. Deployment of the third-generation smart contract: The new smart contract will be deployed in the next 24 hours and the token swap is taking place the…

26Jul 2019 by admin

Time for the third generation smart contract

Company, Dubai, Progress, Tratok

In the buildup to our launch of the pilot hotels in Dubai on 18 August (2019), we have requested the exchanges to suspend trading, deposits and withdrawals of Tratok. The new smart contract has successfully completed its security audit and is ready to be deployed with the new required features. The new contract will be deployed within the next five working days (Sunday-Thursday). Holders of Tratok do not need to worry about anything, they will receive the new token in a 1-1 ratio to their new addresses and this measure is being taken simply to reduce complications involved with the swap to a more enhanced and feature-rich smart contract. Please note, this will be the third iteration of the contract and will not be the final version. As the ecosystem…

02Jul 2019 by admin

Visit Dubai with Tratok

Company, Dubai, Progress, Tourism, Tratok, Website

Over the last few weeks, the team has been actively working to onboard hotels and accommodation providers onto the Tratok travel ecosystem. We are delighted to announce that after thorough testing we can announce a full launch date for Sunday 18th of August 2019. How is this different from existing systems? While other platforms simply feed results through metasearch APIs from third parties and use their tokens as a replacement for currency, Tratok has formed direct partnerships with these properties. As described in our whitepaper, Tratok actually leverages the power of blockchain in many ways to benefit all stakeholders with unmatched competitive advantages. In short, Tratok has solved the problems that others did not even comprehend. What happens next? Between now and then, the team will be working with pilot…

18Jun 2019 by admin

The public agree. Tratok is different!

Company, Progress, Tourism, Website

Tratok Ltd has zero tolerance for fraud. We are a privately funded non-ICO venture that has given to the public, while others in the industry chose to take. We pride ourselves on being transparent, while others try to deceive. Therefore the team takes substantial effort, investing significant resources, to combat fraud through the deployment of a dedicated KYC team and partnerships with click forensic and traffic filtering networks and subscriptions to multiple fraud and abuse databases. While this zero tolerance mentality has been the source of complaints of many bot networks, it is clear that their efforts are ignored by the public. Who have shown exceptional confidence and support as evidenced by the rise in the price of Tratok. [caption id="attachment_859" align="aligncenter" width="300"] Tratok logarithmic price chart over the last…

06Jun 2019 by admin

A 25 Million Treasure Hunt To Take Tratok To The Masses

Company, Progress, Tourism, Website

Following Tratok’s social media campaigns, awareness of the project has spread massively among blockchain enthusiasts, making the Top 10 Cryptocurrency Buzz list on Focus.de almost daily during the last week. This has resulted in a sustained 230% rise in the price of Tratok over the last 30 days. This is great news, but it is only the beginning. Tratok is about widespread use and global disruption. Therefore in conjunction with many local radio stations and media, there will be a 25 million Tratok treasure hunt in many cities around the world. This will generate publicity for the project, educate the general public about the benefits of blockchain and also result in a bit of fun for all those involved. Between the 10th of June and 10th of July, fifty lucky…