Tuurnt Lets People Pay You To Party

TUURNT is as a result of the acknowledgement of a loop hole in the event world. TUURNT, using Blockchain Technology, aims to fill the gap in the sharing economy with a decentralized system of rewarding party/events hosts and goers by creating an app. TUURNT empowers users to create parties within minutes and get rewarded for the party they created. This app allows fees to be charged for attending events created and connects party goers with hosts.

Tuurnt Overview

Through the Tuurnt App, event hosts can upload the details of interest of their occasion or party and from that point the partygoers can see to pick which party to attend. This application isn't restricted to anybody as it is affordable for all and promptly accessible. Tuurnt platform comprehends the vitality of security and integrity and have coordinated different measures into the platform, for example, verifying event host, verifying event host, disclosing host address only to people that book the party, the utilization of escrow payment technique in which partygoers pay to the platform first before the gathering and the host receive the payments excluding the charges 24 hours after the party and a 24/7 support system.

MARKET OVERVIEW

For you to understand the market opportunities of Tuurnt, you need a basic understanding of the sharing economy. The number of adults in United States using sharing economy is currently at 44.8 million and is expected to increase to 86.5 million by 2021. Also, based on the rapid growth of services such as Airbnb and Uber, analysts have predicted an estimated growth of $335 Billion in the industry by 2025.

Naturally, Tuurnt was created for people who enjoy parties, social gatherings and events. That’s an age bracket between 18 and 35 in which 40 percent of the population belong to. The platform was created based on in-depth understanding of the Nightlife industry and an event management app which can be described as an overlap of;

Event platforms
Photo Sharing
Shared Economy
Realtime Video Sharing
Utility Token on a Blockchain

What this means is that, you can now throw parties with everyone knowing exactly where and when it’s taking place. Interested folks can book or pay through the app, those in attendance can share real time videos and photos with others, and party-seekers can get real time answers to their questions.

Reward System

To understand the reward system of the Tuurnt platform, watch the video below:

Benefits of Tuurnt

• Decentralized peer-to-peer marketplace where hosts make additional income and party goers find unique events
• Decentralized peer-to-peer free transactions between Tuurnt users
• Verified hosts and party goers which makes TUURNT safe
• Peer-to-peer reviews for hosts and party goers
• Low commissions on bookings and listings (2.5% for party goers and 5% for host)

Tuurnt Token

To make the goals of Tuurnt achievable, Tuurnt created an utility token (TRT) which is ERC20 compatible. This token will be used for exchange payment between party hosts and party goers without incurring any extra cost of middlemen. The major functions of this token are to:

Book for paid or free events; and
Send TRT to friends and families and other Tuurnt users.

Tuurnt Wallet

The wallet functions like a traditional wallet. Users have the option of withdrawing their TRT and transferring to family and friends. There is also the option of sending directly to ETH wallet instantly, thanks to the ERC20 Token.

In addition, the Tuurnt wallet is linked to the mobile app. That means, you’ll be able to view other users profile and level status, which ranges from Bronze to Diamond.

Payment Protocol

The payment method is simple. Guests pay the hosts for bookings through a smart contract system. The fund is escrowed in a secured wallet till the event has been completed. If there is no dispute between the parties involved, the fund would be deposited in the host’s TRT wallet.

However, the fund would be returned to the partygoer’s TRT wallet if there is a cancellation.

Users can enjoy a low commission on listings and bookings. It’s as low as 2.5 percent for Partygoers and 5% for the host. Also, there is a decentralized peer to peer transaction for users. Yes, it’s free. Finally, the hosts and partygoers are verified. This reduces the chances of fraud.