Tracoin — Using Blockchain and Smart Contracts to Connect the Global Land Transport Industry!
Tracoin is the first open source, peer-to-peer decentralized cryptocurrency specifically tailored for the global land transport industry.
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The Tracoin team aims to develop a platform that will overcome the most pressing challenges facing land transport providers, as well as helping to improve the accessibility, safety and comfort within the sector.
Thanks to the technological innovations made possible by blockchain and smart contracts, Tracoin has developed a model that will connect and integrate all land transport industries and enable users to access land transport providers and services via an intuitive, easy to use marketplace app.
The Utility of Tracoin Tokens (TCN)
The long term value of any cryptocurrency lies in its utility. To that end, Tracoin’s native currency — the Tracoin token (TCN) — plays a central role in how users interact on the platform.
As the project’s whitepaper explains:
“Tracoin (TCN) is a utility token intended for use within the Tracoin ecosystem. The token facilitates product usage by incentivizing contributions to the ecosystem, unlocking access to enhanced features and services, and as a means of payment on the platform.”
Within the Tracoin environment, the tokens can be used in many ways, including:
As a means of payment for land transport services
Unlocking driver profiles, offers from land transport companies, and other features
Commissions paid to users for referrals and client introductions
Rewards for using TCN to pay for services
Transaction-based fees for driver log entries
Furthermore, to encourage provider participation and to broaden its market reach, Tracoin will be offering a “seed” quantity of tokens to driving schools, vehicle operators, and transport companies that sign up on the platform.
Tracoin Launches ICO
To raise the funds necessary to develop and market the platform, Tracoin is holding a public ICO (Initial Coin Offering). The first stage — the pre-ICO — has already begun. A total of 3 million Tracoin tokens (TCN) will be available during this stage, after which the first round of the main ICO will begin.
Each round has a fixed token cap, after which the next round will begin:
A total of 20 million TCN tokens will be available for sale during the pre-ICO and main ICO. Due to the expected high demand for the tokens, and to ensure that anyone who wants to can participate, Tracoin is limiting purchases to a maximum of 4,000 TCN per investor per day.
There is a $50 USD minimum purchase — 125 TCN at pre-ICO prices — and tokens can be purchased using either Ethereum (ETH) or Bitcoin (BTC).
Special Bonus: The first 3000 investors will receive an additional 15% bonus.
For more information about Tracoin, or to participate in the ongoing pre-ICO, please visit tracoin.co. The project whitepaper is available for download and you can stay up to date on all of the latest news and developments by following the project on Twitter, Facebook, and Telegram.
