Tratok Swap Progresses Well As Exciting Times Approach

We are pleased to announce that the Tratok token swap continues, and we are happy to be able to support the community, especially those who have been previously sidelined.

As a result of the contract upgrade, approximately 137.4 million TRAT tokens have been recovered from dishonest promotion program participants and staff who have violated their agreements. While many might be upset at this revelation, we believe in transparency and accountability and believe sharing this truth with the community is of paramount importance. These tokens will be recycled into the ecosystem for the benefit of Tratok’s community in the following way:

30% will be added to conduct additional pilot tests for the public to help refine the system further. By maximizing the demonstration of the utility of TRAT to power the ecosystem, we believe that we maximize public awareness of the true value of Tratok to the public.
20% will be allocated to future promotion programs to raise awareness and build a strong and vibrant community that is full of passion and enthusiasm.
10% will be given to promote charitable hospitality causes that will be nominated by the team but voted for by the community. We believe that those doing the promotion have as much say as those building behind the scenes and that together we can identify and support worthy and noble causes.
10% will be used as incentives for our new hires to make their employment packages more attractive as we grow the team to provide superior service levels and hit strategic growth milestones.
10% will be used to conduct promotion programs in partnership with Bitmart to raise awareness amongst their users.
10% will be used to conduct promotion programs in partnership with our second top 10 exchange to add extra enthusiasm and encourage promotion of the listing event.
10% will be distributed to the public attendees of our next four public events in Q4 2024 with the aim that they use these tokens to invite their friends, family and colleagues to future Tratok exclusive events, raising awareness.

We understand that the last month has seen limited communication with the public, but that’s because our team has been working tirelessly behind the scenes. Tratok employees remain driven by an unwavering enthusiasm to ensure the proper integration of the Ecosystem APIs into our partners’ backends. At the same time, each swap is being meticulously reviewed by two different audit personal and therefore the process has been time-consuming. We believe this resource intensive approach is worth it as transparent and audited transactions are the safest and most honest way to safeguard the best interests of all token holders and the public’s reaction has been overwhelmingly positive which reinforces our belief that this is the right approach.

Looking to the future, we have a jam-packed second half of September, culminating with the excitement of Tratok being showcased at one of the world’s largest hospitality events. Without giving away too much too soon, we are on target to resume operations with a stronger community, partnerships, governance, and product than ever before.

Finally, all of us Tratok would like to express our heartfelt gratitude to everyone for their unwavering support and patience. Your unity and enthusiasm have been instrumental in helping us solve the issues plaguing the hospitality industry and fulfill our vision of bringing the world closer together through travel and culture.