The event industry although not categorically one of the most affluent of industries has evolved over the years. This is an industry that virtually every person in their lifetime has major interactions with be it your birthday, anniversary, wedding, graduation or cookout. All these are major events in one’s lifetime that have helped shape social interaction and foster value placement on the ones we love and admire in our lives. There’s a lot of money being exchanged across different sectors in this industry yearly, as a matter of fact, you’d be surprised to find out that the event industry is valued at roughly $20 billion. Wow! That’s a lot of money.
The question then is? Where does all these money go through, are there whales in the game that consume all these? Well, you should know that roughly 70% of this valuation are controlled by individual and private contractors wherein we have seen over the past decade the meteoric rise in the number of players in the event industry.
Over the years, there has been a major void in the event industry which matters on the ease of organizing an event, even a quick one at that. Nowadays people make money by easily letting their cars out to Uber drivers or driving the Uber themselves or renting their apartment out on Airbnb but where do you turn to when you need an event as fast as possible? That’s where Tuurnt comes into play.
What Is Tuurnt?
Utilizing the blockchain technology Tuurnt gives its users the ability to create an event in minutes and just like Uber and Airbnb, you get paid to be the host. Tuurnt aims at empowering individuals to list their events and gain extra income while giving their community a unique experience of booking events either from abroad or local hosts. The fun is just non-stop!
With the integration of the ERC-20 utility token called Tuurnt Token (TRT), hosts and partygoers are able to trade services in a secure payment system without having to deal with centralized middlemen. In addition to trading services, Tuurnt has a reward system that recompense partygoers for attending parties and hosts will have bonus tokens when they reach a certain number of positive reviews milestone.
Tuurnt aims to explore the sharing industry where major players like Uber and Airbnb have established their respective platforms putting into major considerations the prospect the sharing industry will have in the coming years. Every product has its target audience whom they believe will find great use of their product or service. Tuurnt has identified individuals ranged between 18-35 as their prospective users of which a major percentage are college students and adults who predisposed to social gatherings.
The question now is what makes this service desirable for use?
Why Tuurnt?
Aside from the fact that you are indeed getting paid for either hosting or attending an event, something only enjoyed by the celebrities in our society, Tuurnt will make partying experiential and easy to share. With Tuurnt, you can see how an event is unfolding in real time because the Tuurnt app allows for photo and video sharing.
There's also the social/messaging part where intending partygoers can ask questions about an event and all users who booked that event will be notified to aid quick reply. Like every other social media, there are "like" and "dislike" features but on Tuurnt, they are called Tuurnups and Tuurndowns. The number of Tuurnups & Tuurndowns an event has is visible to all users of the app.
Tuurnt also tries to be secure by verifying the identity of event hosts using at least two methods of verification (email, phone verification and at least one social media such as Facebook, Twitter or Linkedin). The host's address is also only revealed to the user booking/attending the event.
The two primary functions for TRT tokens are to book paid or free events on Tuurnt and to send TRT to friends and other Tuurnt users. TRT allows guests to pay the host for bookings by utilizing a smart contract system. The payments will be escrowed, until 24 hours after the event is done, in a high level secured wallet. If no disputes arise between both parties within that period, the payment will be automatically deposited in the host’s TRT wallet address.
Token and ICO Details
The token sale is currently ongoing and in its last phase. This phase is scheduled to be on for 3 weeks and 1 TRT can be bought at $0.1.
There are 500 million TRT that are available for supply and 33% will be available during the crowd sale. In addition to this, 33% will also be channeled to the Team, Advisors and Legal sector while 33% will be allocated to Development, Marketing, Operational Expenses & Users Rewards. 5% of the funds will be allocated to legal while 10% for community rewards. 25% of the total funds will be used for operational Expenses and 30% will be used to cater for marketing expenses. Lastly, the development team will be allocated 30% of the funds.
References
Website - https://tuurnt.io
Whitepaper - https://www.tuurnt.io/tuurnt_whitepaper.pdf
Twitter - https://twitter.com/tuurnt_
Facebook - https://www.facebook.com/tuurntapp/
Telegram - http://www.t.me/tuurntio
Authored by 23xfi
Bitcointalk - https://bitcointalk.org/index.php?action=profile;u=1347685
ETH - 0x00889349Ca058116E6430Faf92FDa4fD7EC4f51e