WINDING TREE IS THE FUTURE OF TRAVEL
Winding Tree makes travel cheaper for individual travelers and more profitable for providers.
Did you know that 99% of all air travel is controlled by 3 companies? Did you know that 92% of all hotel bookings in the United States goes through only 2 intermediaries — Expedia and Priceline! With such a monopoly, it is a wonder why fees continue to go higher and higher and we have little or no options for negotiation.
Winding Tree is a blockchain-based decentralized open-source travel distribution platform. We make travel cheaper for the end user, while making it more profitable for suppliers.
No centralized control means no exorbitant transaction fees and no barriers for entry. Moreover, we allow small companies to compete with big players, finally bringing innovation back into the travel industry.
Suppliers can distribute inventory directly to points of sale, skipping costly intermediaries and bottlenecks to data.
FOR SELLERS OF TRAVEL
Access inventory from all suppliers from a single platform with no markup fees and no barriers to entry.
Use Líf to pay directly for travel needs.
Thing is the governance part of the Winding Tree platform, where anyone can propose a change in a standard or in a business logic of a smart contract.
WINDING TREE FOUNDATION
The Winding Tree Foundation strives to make travel better for everyone through its initiatives.
Be sure to go to Winding Tree’s website and read their summary as well as their detailed white paper.
This appears to be an ICO that can change the travel industry as we know it. The time has come.
Frequently Asked Questions (FAQs)
WHEN IS THE ICO?
From the 1st of February (starts at 8am UTC) to the 15th
WHAT IS THE ICO PRICE?
During the first week 1ETH = 1000 Lif
The second week 1ETH = 900 Lif
IS THERE A MINIMUM TO INVEST?
There’s no minimum and you can invest fractions of ETH
IS THERE A WHITELIST?
No whitelist, but we will publish a How To Participate guide.
HOW DO I STAY IN THE LOOP ABOUT UPCOMING ICO PARTICIPATION?
All updates & instructions will be shared here and via newsletter: http://eepurl.com/c7ytn5
HOW MUCH WAS RAISED IN PRE-SALE & WHAT WAS THE BONUS?
Out of the total amount raised, $1.25mln was raised at 10% bonus rate, $300K at 30%, and $35K at 50% bonus rate. Only about 0.155% ($233K) of contributions to-date was given out as a bonus on pre-sale.
For the sake of decentralization, we have managed to keep the amount of bonus to the bare minimum. This accounts for almost nothing even compared to the most decentralized ICOs today.
Bonus itself was granted as an expression of appreciation to the investors who have trusted us when we didn’t have a single line of code written, nor a single partner from the travel industry signed. In fact, the 50% bonus only makes up 0.033% of contributions to-date coming from true believers in the project.
WHAT IS THE TOTAL TOKEN SUPPLY?
Total supply will be determined by the outcome of ICO. Full explanation here: https://blog.windingtree.com/market-validation-mechanism-in-a-nutshell-ddba1d92be89
WHAT IS YOUR CAP?
We use a Market Validation Mechanism (MVM), which means that the market (every token holder) decides on the funding we receive over the next years. After the ICO we receive a maximum of $10Mil regardless of how much money is raised. The remainder, if any, goes into a smart contract which buys back tokens (and burns them) at a rate of (TotalRaised – $10Mil) / Token Supply. Over time the smart contract releases some funds to the Winding Tree team. If token holders return their Lif for ETH the contract will be have no funds and the team will receive nothing.
IS THERE A MINIMUM CAP?
WTF DID YOU JUST SAY?
Please read: https://blog.windingtree.com/market-validation-mechanism-in-a-nutshell-ddba1d92be89
WHO ARE YOUR PARTNERS?
Lufthansa Group: https://www.coindesk.com/ready-takeoff-lufthansa-strikes-deal-blockchain-ico-startup/
Air New Zealand: https://www.reuters.com/article/us-blockchain-travel-airnewzealand/air-new-zealand-swiss-travel-platform-winding-tree-in-blockchain-tie-up-idUSKBN1DM2KQ
Nordic Choice Hotels: https://skift.com/2017/12/13/nordic-choice-hotels-tests-blockchain-distribution-for-stockholm-property/
LATEST NEWS FROM THE TEAM?
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Faith Sloan “QueenWiki”
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