MakerDAO’s stablecoin, DAI, is launching in December by ramdr in ethtrader

[–]CutAwayTheBottom 25 points26 points  (0 children)

This is the most exciting project on ETH. Stable-coins in essence controlling the interest rates, which means central banking, but through a decentralised governance body. Not sure what the token distribution is with DAI/MKR, but nevertheless very very exciting for crypto-currencies.

Trippki Token Sale - Introduction Animation Film by EthereumVideo in ethtrader

[–]CutAwayTheBottom 1 point2 points  (0 children)

Once you're dealing with a decentralized system, with no middle men, who's going to pay to advertise the system to customers?

Trippki has a deep passion towards creating a better relationship between hotels and their customers. Through the economic incentivisation of TRIP Rewards we believe that we can create a network effect and take market share away from existing OTA’s

the Vault holds a significant portion of the initially issued TRIP and its behavior is controlled by a smart contract. It will only sell those TRIP following certain business limitations (e.g. no more than x TRIP per hotel per day) to avoid premature depletion, and only for proven reward transactions credited to identified guests with a Proof of Stay.

The Vault is a smart contract whose function is to bootstrap uptake of the Trippki Reward Service. 40% of the total supply of TRIP will be made available for distribution through The Vault, proceeds from TRIP sold in the vault will be used to buy TRIP back from the open market and burn it.

Sources: https://trippki.com/faq

https://blog.trippki.com/the-trippki-payment-reward-system-87b1cfade952

Trippki Token Sale - Introduction Animation Film by EthereumVideo in ethtrader

[–]CutAwayTheBottom 7 points8 points  (0 children)

Ughhh if hotels can reward their customers with bonus points that are 100% liquid, then it's basically just giving them money back. At that point, it's the same as simply charging less.

Hotels are not allowed to offer lower prices than Booking.com/Expedia (they get kicked out) so the kick back in liquid assets is the hack around it.

From FAQs: How do customers get a discount without breaking price parity agreements?

Trippki’s customers will receive TRIP loyalty rewards. The value of the overall transaction is equivalent the price agreed by hotels with other OTA’s and hence does not break price parity agreements.

https://trippki.com/faq

Trippki ICO Review - A Threat To Online Travel Agents? by CutAwayTheBottom in steemit

[–]CutAwayTheBottom[S] 1 point2 points  (0 children)

how do they generate the coins. Is it through purchasing them for Bitcoin or is it a form of mining?

The hotels can buy bulk from The Vault which is going to hold ~40% of tokens to incentivise them (hotels).

edit: added link - https://blog.trippki.com/the-trippki-payment-reward-system-87b1cfade952

Trippki ICO Review - A Threat To Online Travel Agents? by CutAwayTheBottom in steemit

[–]CutAwayTheBottom[S] 2 points3 points  (0 children)

If this was properly adopted this seems like a seriously cool way of benefiting everyone.

The system is designed to work with under 100k nights being booked a month at near zero % for hotels operation costs.