As we approach the final month of 2018, the team wanted to share a brief summary of the progress seen in the second half of the year and highlight the challenges that remain in front of us. The Tratok Project has always had the policy of leveraging blockchain technology to address the real problems in the travel and tourism sector. Unlike other projects who wished to capitalize on hype, we devoted ourselves to delivery of a working product. We didn’t raise millions from the public in an ICO to only turn into sloths and show anaemic progress, we left that to the opportunity exploiters. Instead, we have been busy:
There has been progress:
- The smart contract was revised, audited a second time and enhanced.
- The white paper has been updated.
- Four official exchange listings.
- Airdrops of 1.3 billion TRAT to 14,200 users have been conducted.
- The first iteration of the beta platform has neared completion, just over seven months ahead of schedule.
- There has been active engagement and support from the public and community, demonstrating strong belief in the project, its mission and potential to change the industry for the better.
There have been challenges:
- One of the biggest challenges facing the industry is fraud. Countless man hours have been invested by the team to combat those who seek to abuse airdrops and free systems. The extent of the fraud was massive, with in excess of 80,000 multiple and fake accounts attempting to sign up to obtain Tratok. We are proud to say that we took the high ground and invested our time to ensure we did the fair thing and reward legitimate participants. We will always strive to do justice to the community.
- A second significant challenge and an industry wide problem is the behaviour of many dishonest exchanges. From faking trade volumes, to demanding outrageous and unrealistic fees for listing, many of the well known exchanges are limiting the ability of legitimate projects from receiving widespread recognition. They are focussing on short term gains and not showing the proper respect or care towards their clients. This behaviour is very harmful to the industry and is hindering growth and widespread adoption of blockchain technologies.
So what are the project’s next steps?
We will launch the first iteration of the travel platform which is powered by the Tratok token. The first release will provide the facility for travellers and service providers to sign up and verify their identities. In addition, the social aspects of the platform will be live (user to user messaging, commenting on walls etc.). To encourage users to sign up, as per our original plan, the first one million users who sign up and verify their accounts will receive 10,000 TRAT each. The first module to be live at launch will focus on the expectations of millenials and increase our market share in that niche. This will be done by empowering users to register their properties for rent on the Tratok platform as a bridgegap while hotel chains join the network. This is a very important step to Tratok as it serves to make travel more affordable and accessible from day one, honoring our primary project goal of making travel more accessible and bringing the world closer together.
We are expanding our activities and two of our management team will be heading to Africa to penetrate the market there.
We will continue to refine and update the travel platform adding more features.
But we need your help!
As we prepare for the launch of this product in December, we would like to call on the community for support. As early holders of Tratok, you are important stakeholders in this project and we would like you to help us get the word out.
Therefore, we are launching two promotional events:
1.) Tratok Video Competition: 10M TRAT prize pool.
We are giving away prizes to the top 50 videos that promote Tratok. Make a short video answering a few of the following questions and share it on social media or mail it to firstname.lastname@example.org. The competition starts from today, 24th November 2018 and ends on 8th December 2018.
Here are a few of the thoughts that we suggest you can discuss In the video you can discuss the following:
- What do you love the most about the Tratok project?
- Why you would recommend the project and platform to friends?
- Where would you want to travel using Tratok?
- The industry problems that the project solves and why this is a good thing.
The top 50 videos will be showcased and used by Tratok to help show the public the benefit of the project and its potential to disrupt the travel and tourism industry. The prize pool will be allocated as follows:
1st Prize: – 4,000,000 TRAT
2nd Prize: – 3,000,000 TRAT
3rd Prize: – 1,000,000 TRAT
4th Prize: – 250,000 TRAT
5th-10th Prizes: – 150,000 TRAT
11th-20th Prizes: – 75,000 TRAT
21st-30th Prizes: – 50,000 TRAT
31st-40th Prizes: – 30,000 TRAT
41st-50th Prizes: – 20,000 TRAT
2.) Tratok Treasure Hunt: 50 Cities 50 million TRAT:
The Tratok Team will create 50 wallets and send 1 million TRAT into each one. The wallet details will then be shared with team members and vetted community members in 50 different cities. These wallets will then be hidden in envelopes in popular areas in the different cities, with clues posted on social media and in the local press. The aim is to add an element of fun and spread awareness about the project in a unique and creative way.
As always we thank the community for their support and will continue to advance with the project adhering to the high standards of transparency and integrity that all of you have become accustomed to. Here to Tratok’s success,
The Tratok Team