TravelChain

Our team has done a great job in the past 2 months, and now we are ready to inform you about our future development plans:

1. We attracted investments in the amount of 480 000 US dollars.
2. The preliminary ICO Mapala will last until October 20, after which it will be officially closed.
3. We are pleased to announce the launch of a new TravelChain project;
4. Tokens purchased during the preliminary ICO Mapala will be converted to TravelTokens;
5. Mapala will not have its own token and will use TravelToken in its ecosystem;
6. ICO TravelChain begins at the end of November.

Before we talk about all the news, we would like to express our sincere gratitude to all the people who supported us all this time. We want to thank all those who took part in the preliminary ICO, report errors, offer ideas, help us as volunteers or simply publish good comments.

You gave us the energy to go so far from a small proud launch to a serious project based on innovative technologies and intended to change the tourism industry.

Terms of TravelChain creation

Immediately after we announced the preliminary ICO Mapala, we had to develop an economic model for the future project and select the appropriate technologies for implementing our ideas. Investors expect to profit from their investments, which means that we needed to give our tokens real value and potential so that they could grow in the market.

This task was more difficult than it seemed at first glance.

Mapala is a community, first of all. And the community does not cope with commerce. Having tried a bunch of commercial ideas, good enough for other projects, we realized that they completely destroy the essence of the project. Speaking to potential investors, we realized that we have a cool idea that inspires and unites people, but the project is not attractive from the point of view of investments. Despite this, we were not going to abandon this idea, because everything was based on it.

Secondly, it is necessary to ensure the demand for a token. The higher the demand, the higher the price - everyone is happy. In order to influence demand, it is necessary to use as many opportunities as possible to use tokens. In other words, it is necessary to create around the community an entire economy with a variety of own services, such as p2p-trading platforms and so on. We feared that all this would make the project huge and slow. However, as practice shows, all successful projects try to focus on the maximum solution of one key user problem.

We tried many times to gather everything together so that we could provide the project with brilliant prospects and investment appeal and at the same time preserve its original essence. Working on this task, we immersed ourselves in market research, studied hundreds of analytical reports and communicated with dozens of experts, we formed our own vision of the tourism market and the application of block technologies to solve the problems existing in it.

And there are many problems. Travel planning, which is designed to become an exciting activity, gives many people stress. According to the poll, 69% of tourists are worried that they will not be able to choose the best offer, or they will not get it at the best price. This indicates the weak development of modern tourist services. At the same time, we see a serious monopoly on the market, and big players are interested in maintaining the status quo. For example, 95% of the US online tourism market is divided between two giant companies: Expedia and Priceline, which include services such as Trivago, Travelocity, Hotwire, Egencia, CarRentals.com, Kayak, Booking.com, Agoda, Rentalcars. com.

Services that use artificial intelligence, help you navigate in a variety of proposals and communicate the best solutions based on your tasks and personal preferences, can affect the situation.

Modern services are based on data, for them it is like fuel for cars. The data is oil of the 21st century, but in most cases it is hidden inside corporate systems and can not be used by other companies to create innovative services.

Imagine that there is a global database that contains the most complete and objective information about providers and consumers of services, and thousands of talented developers from around the world have access to it. The development teams use large data to create algorithms that know more about our preferences than we do ourselves. This is what we call TravelChain, and Mapala will become one of the applications that work with this platform. To find out more, read the draft of our White Paper  .

Mapala & Golos & TravelChain

Mapala will continue to use the Golos and Steem locks. They have established themselves as excellent tools for creating, storing, evaluating and rewarding posts. TravelChain will allow to use the created content by all participants of the tourist market, and it will increase its cost. And users will receive an additional reward in TravelToken.

Termination before ICO

We managed to attract investment of $ 480,000 for the TravelChain concept, this exceeds our goals and allows us to plan a budget for a good marketing campaign for the upcoming ICO.

At the same time, we fulfill all obligations to investors before the IRS. We are not going to stop pre-ICO right now, and let everyone participate in it this week. The deadline for receiving transfers is October 20, 2017 at 23 hours 59 minutes Moscow time. This week, as before, 810,000 MPL tokens will be distributed, later they will be converted to TravelTokens.

Final data on the distribution of tokens in the pre-ICO phase will be published after October 20.

The Future of Mapala

Mapala are people in the first place. Providing the necessary motivation, you can quickly collect a million army of "freelancers" by our standards. Millions of eyes that can see and capture things that can not use satellite cameras. Local people know the places where they grew up and live better. The game character of this process will help make Mapala an exciting place where you want to return every day. Mapala is the first application that will work in TravelChain and will become a source of data both on the planet and on the history of interaction between people, and will become the basis of the digital reputation in the TravelChain ecosystem.

We are going to change the world. Are you with us? ;)

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Eth:0x42F510e1456CFf564EC695d1c0056E819933e26c