Millennials, as we rightly put it, have their priorities defined in life no sooner they reach the age of maturity. Of late, travelling with people of similar age and interests as well as solo travels have become an indispensible part of the lives of young people. They prefer to venture out for getting a good change out of their mundane lives of taking classes round the clock and working from nine to five. Travelling has become way more frequent and people from all strata of the society believe in making memorable trips with their loved ones. Hence, to make travel easier, more exciting and affordable for such enthusiastic populace, the concept of Pally was germinated from the ideas of like minded perpetual travellers. Post exceptional studies with respect to the travel history and interests of common travellers, the team picked up cues and realised the calibre of bettering travel experiences on both domestic and international levels. Additionally, the urge of travel shall be soaring high in the years to come.
Pally is a coming of age concept. It is a decentralised platform which functions on substantially lower prices. Its pillars of strength are solely community-mining and high –quality city experiences. Pally is a carefully knit concept which helps people who are not in their cities of residences by providing them with local experience hosts who know the cities like the back of their hand.The Pally ecosystemmainly includes Pally Social , an iOS application (Apple App Store) since April 2017 in public beta and Pally Adventures, a Progressive Web Application presently running private beta in London, UK,a community marketplace where visitors can engage themselves with the experiences of the local city hosts. It shall help millennials to travel without burning any holes in their pockets.
Visitors have a facility of exchanging and paying through the Progressive Web Application with PAL tokens. PAL token shall be run on the Ethereum blockchain and shall implement Ethereum ERC20 standard specifications. Mining of PAL tokens shall be done by visitors, i.e., the Pally Miners shall bring in new Pally Adventure hosts. The PAL token system has been adopted by Pally due to its many advantages, namely, smooth transactions from Pally Reserve Fund to the travellers and vice versa, better user autonomy, decentralised view of dispute resolution whereby the disputes are resolved by the involved parties themselves, better method of rewarding Pally Miners who help to bring new hosts thereby broadening Pally's spread and the sale of token gives a much needed boost to the development team to improve the Pally platform by every passing day.
PAL Wallet shall be provided to users by Pally. It has been introduced with an intention to give online transactions a smooth edge and lessen the hassles of copying and typing hexadecimal addresses.
Additionally, Smart Contracts shall be developed in order to have the Pally Initial Coin Offering (ICO) interact within the Pally Social on the network as well as interact with Pally Adventures which shall help to bind the ecosystem together. PAL token shall be distributed in the form of a presale and participants shall acquire these tokens at discounted prices by pledging a certain amount of Ether (ETH) into the token sale smart contract. Pally has introduced Smart Contracts namely for payment of experience, payment to miner, 6 monthly performance reward to top performing hosts, 6 monthly mining reward to miners responsible for introducing top performing hosts into the platform, local engagement with visitors through messaging, local engagement with visitors through meeting up and writing a review of an experience.
Below presented is the token distribution system as chalked out by Pally:-
| 10% | Presale |
|---|---|
| 50% | Initial Coin Offering (ICO) |
| 20% | Incentivisation for use on platform |
| 20% | Development Team |
| Token Name | PallyCoin (PAL) |
| Token Supply | 100,000,000 (million) tokens |
Pally's ICO shall be broken down into two different stages:-
Pre-launched Offering (August 2017)
ICO Token Launch (October and November 2017)
To conclude, Team Pally had a desire to present a fresh concept for travellers in a bid to help them build thick friendships and encounter experiences which are specially curated by locals. It is also the brainchild of bringing into forefront the blockchain and smart contract technology, a phenomenon still untouched across majority of the countries. There are many travellers as of now in the US and the UK who have had wonderful experiences with Pally and their testimonials on the Pally website are overwhelming.
Website: https://www.pally.co/
My ether address: 0x2014D994888daC14566B12C1eF747B747A52cC4e