Winding Tree ICO overview ($LIF) for your busy life: a few points helping you get a feeling for the project and its potential.
This is the 3rd ICO review of a hopefully endless series of ICOs we consider "interesting". This is not financial advice, do your due diligence before investing. And mind the scammers: they are particularly active in the field of ICOs.
- Official website
- One pager
- FAQ
- Goal
- An infrastructure - replace the backbone of the travel industry by a blockchain
- The blockchain travel platform for booking & securing travel transactions
- Remove the middle man companies - the firms having monopoly in the field
- Lower transaction costs - current monopoly companies take up to 25% fees
- Enable innovation - allow companies to design complex and tailored applications on the Winding Tree platform
- Description
- "decentralized open-source travel distribution platform”
- Suppliers can distribute inventory directly to points of sale, skipping costly intermediaries and bottlenecks to data
- Sellers can access inventory from all suppliers from a single platform with no markup fees and no barriers to entry
- Travelers can use Líf to pay directly for travel needs
- suppliers are experts in what the blockchain cannot provide: customer service, and arbitration
- Initially positioning the platform as B2B, we already have suppliers and resellers committed to the platform
- allow for mainstream adoption and incentivize suppliers to list their inventory
- public and permissionless, allowing anyone to source inventory from the platform
- Cons
- what about traveler data privacy?
- what about congestions issues on the Ethereum network?
- the existing big players are big, multi billion dollars companies
- Positive review
- Winding Tree review by "The Crypto Lark”
- Winding Tree review by "The Crypto Lark”
- Company
- based in Gibraltar
- address
- Winding Tree Limited
- Suite 23 Portland House, Glacis Road
- Gibraltar GX11 1AA
- Team
- a lot of experience in the tech and travel industry
- Advisors
- Full list of advisors on https://www.reddit.com/r/windingtree/comments/7xp2pd/winding_tree_advisors_look_quite_brilliant_lyf/
- Off-Chain competition
- decentralized alternative, to the current concentrated travel distribution landscape, where anyone can access inventory directly from the suppliers
- "Five companies in the travel industry control the most of the travel market. The two largest OTAs (Online Travel Agencies), Priceline Group and Expedia Inc., control 95% of OTA market in the U.S. Amadeus, Sabre, and Travelport, the top three GDSs (Global Distribution Systems), have 99% combined market share in non-direct inventory in the air market."
- Target Market
- "travel is one of the largest industries in the world, contributing US$7.6 trillion to the economy in 2016 (10.2% 15% of global GDP) according to the 2017 World Economic Forum20% Travel and Tourism Report"
- Token usage
- added functionality required by travel companies to send the necessary information within transactions
- 3 additional methods
- to send value
- to send data data
- and/or execute a function on those transfers
- these 3 methods allow companies to design more complex and tailored applications on our platform
- can be programmed to automatically settle costs. Government departments, airports, staffing agencies and suppliers have a high incentive for settlements to be automated while ensuring on-time payments, low cost of verification - vs currently high costs of settlement
- Funding
- pre-sale
- Bonus chunks
- $1.25mln was raised at 10% bonus
- $300K was raised at 30% bonus
- $35K was raised at 50% bonus
- Only about 0.155% ($233K) of contributions to-date was given out as a bonus on pre-sale
- 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.
- Bonus chunks
- ICO
- Feb 1 (8am UTC) - Feb 14th
- Price
- first week of February 1 ETH = 1000 Líf - 10% bonus
- second week 1 ETH = 900 Líf.
- hard cap
- none
- 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.
- The maximum we will receive is $10 Million. Although the number of tokens issued is uncapped, we will not receive all of the money raised during the TGE. The excess money will go into a smart contract which buys back Lif tokens from anyone and then destroys the Lif tokens it bought back. If total funds raised exceed $40 million the the MVM will run for four years, otherwise for two.
- https://blog.windingtree.com/market-validation-mechanism-in-a-nutshell-ddba1d92be89
- White listing
- None
- KYC/AML
- Registering your contribution and KYC: only required for 10 ETH or more
- Distribution date
- Líf will be distributed in the course of 7 days after the end of the ICO
- Token allocation
- 75% - TGE contributors
- 20% - Founders & advisors
- 5% - long term budget
- Market cap when hitting exchanges
- 13'333'333 USD
- calculation = 10’000’000 / 0.75
- Banned countries
- none
- pre-sale
- Partners
- Winding Tree already secured many partners.
- Air New Zealand
- Lufthansa
- Zepplein OS and RSK
- the ATECH Foundation (tech conference in the Caribbean in Aruba for startups across the world) […] working with Swiss startup Winding Tree on a blockchain marketplace for travel booking
- Tech
- ERC827 Standard (ERC20 Extension)
- Storage
- ERC20 token
- Transparency
- Open Source
- Project status: Working
* https://medium.com/@thetraveltech/a-winding-tree-tutorial-3273504aec4c - Media
- Forbes - https://www.forbes.com/sites/francistapon/2018/02/12/what-winding-trees-ico-and-its-blockchain-based-technology-mean-to-the-travel-industry/#4abb746d44dc
- Luft Global review - https://luftglobal.com/intelligence/2018/2/7/prediction-large-corporate-buyers-will-springboard-travel-industry-adoption-of-blockchain
- Smith and Crown review - https://www.smithandcrown.com/sale/winding-tree-token-sale-disintermediation-travel-booking-industry
- "Winding Tree, the most legitimate of the current travel blockchain players” - https://skift.com/2018/01/29/tales-from-the-crypto-the-wild-world-of-travel-blockchain-startups
- NASDAQ: What Might Lufthansa's Adoption Of The Blockchain Technology Mean For The OTAs? - http://www.nasdaq.com/article/what-might-lufthansas-adoption-of-the-blockchain-technology-mean-for-the-otas-cm859538
- CNBC https://www.facebook.com/cnbc/videos/1599829600100280/
- Community
- Telegram
- Rocket chat
- Bitcointalk
- https://bitcointalk.org/index.php?topic=1946065
- almost unused
- Medium
- Sources
- Winding Tree ICO -
- ICO AMA with Maksim Izmaylov, Winding Tree CEO -
- Winding Tree, interview with Pedro Anderson (cofounder) & August Lemble (development lead)
- Winding Tree at Blockchain Summit Barcelona -
- "Winding Tree, the most legitimate of the current travel blockchain players” - https://skift.com/2018/01/29/tales-from-the-crypto-the-wild-world-of-travel-blockchain-startups
- https://blog.windingtree.com/how-to-participate-in-winding-tree-ico-l%C3%ADf-token-on-feb-1-2018-fa7299d5a673
- https://www.phocuswire.com/Winding-Tree-blockchain
- https://www.futuretechpodcast.com/podcasts/pedro-anderson-coo-of-winding-tree-a-decentralized-open-source-blockchain-platform-for-the-travel-industry/
- CNBC https://www.facebook.com/cnbc/videos/1599829600100280/
- http://strategiccoin.com/will-blockchain-hospitable-travel-hospitality-industry/
- http://blog.naver.com/PostView.nhn?blogId=goyard031&logNo=221180685852
- https://www.finextra.com/blogposting/14892/blockchain-in-action--round-up-of-blockchain-stories-from-dec-2017
- http://www.chinatravelnews.com/article/119283
- podcast - Blockchain to Revolutionise travel https://itunes.apple.com/ch/podcast/blockchain-to-revolutionize-travel/id1332680060?i=1000400409971&l=en&mt=2
- NASDAQ: What Might Lufthansa's Adoption Of The Blockchain Technology Mean For The OTAs? - http://www.nasdaq.com/article/what-might-lufthansas-adoption-of-the-blockchain-technology-mean-for-the-otas-cm859538
- Winding Tree ICO -
Closing
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- Written by Adrien Berthou - founder of ICO Points Analysis
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