Futourist http://www.Futourist.io is building a platform that will enable travellers to get paid for their reviews, offer them exclusive membership deals and much more.
They are taking the broken travel review industry business head on.
Crowdsale details and funding goals
There will be three stages of the crowdsale: the limited pre-sale, the unlimited pre-sale and the crowdsale. The first phase will begin on February 20th and the public crowdsale will end on March 20th. These dates hold, unless the caps will be met sooner. You can read more details in this blog post. You can only participate in any of the phases if your ETH is on the Futourist whitelist.
They’ve set the soft cap at €700,000 and a hard cap at €5.6 million. They have one of the smallest hard caps out there (which is one of the 11 reasons Why It’s a Good idea to contribute to the Futourist Token Crowdsale). Futourist will therefore have a lot of space for future.
Know Your Customer (KYC) and Whitelisting
Due to demands made by exchanges and banks, the “Know your customer” form (KYC) will be an obligatory step for every investor — for those investing in the pre-sale phases, as well as those investing in the public crowdsale phase. The KYC form is already available online on https://kyc.futourist.io/.
During the pre-sale phases, the form will not be available, so you need to submit KYC form before the presale starts. Doing so, your ETH address will be inserted into their crowdsale smart-contract, which means it will be whitelisted. All collected funds that do not come from a whitelisted ETH address will be returned to the address they came from.
Revenue model
Simple rewarding with Futourist app
In the first year of business it is expected that the platform won’t be making any money. Their model is based on a number of different revenue streams and most of these will be up and running in 2019.
Some of those revenue streams are:
· Contests (companies providing contests where users will be rewarded for their content under certain conditions),
· Service reward implementation (matching the right services with the right customers),
· Business intelligence (customer data provided with in-depth analytics for travel providers, restaurants, leisure equipment producers, hoteliers and many others),
· Nearby Offers (Users will spend their FTR token on offers provided by companies signed up to the platform)
· Futourist Payment Card (They have already partnered up with an innovative payment card company, Futourist will get closer to the masses and will introduce them to the potential of the blockchain in an easier way with this card).
A very important difference from established platforms is that companies can pay a certain amount to the Futourist platform which then hosts highly targeted contests for content creation that can be easily connected with the company. But since companies are removed from content editing the users get the most reliable information possible which strengthens trust and credibility that the product or service is what people say it is.
You can read more about their Main and Additional features in their Medium blog posts.
Funds and token distribution
The Futourist platform wants to bring a new paradigm into the review industry where the community will be the main generator of value and adequately rewarded for doing so. This is also reflected in the distribution of the overall FTR token supply. All of the 1 billion FTR tokens will be premined and distributed in the following way:
Their team will vest its tokens, which is common in reliable companies. They will lock up the team’s tokens for 9 months, which means they cannot be tampered with after they are created. Following the 9 months, the team members will only be allowed to sell 25% of their tokens every 6 months. This vesting schedule ensures the seriousness of the team behind the Futourist platform.
They also have a blog post about their team – you can read more about it here.
Futourist’s advisors and specialists
Futourist advisors and specialists are people with years of experience in fields such as payments systems, branding, strategy, and fund management:
• Tim M. Zagar — CEO of ICONOMI
• Alexander Vasylchenko — CEO of Sofitto and former CTO of Mycelium
• Michael Amy — former United Nations WFP software consultant
• Zenel Batagelj — Head of Team strategy at Cofound.it
• Primoz Kordez — Token model expert — You can read Primoz’s blog about Futourist ecosystem here https://medium.com/@primoz.kordez/tokens-targeted-airdrops-2df7b85b0635
They are holding a crowdsale on February 20th and they already have a solid foundation in the OpenHours platform with over 1 million monthly users
Contact the futourist team in their Telegram chat https://t.me/Futouristio
Watch Futourist latest video: https://www.facebook.com/futourist.io/videos/1571602792946696/