Participate in the Booking Token Unit Protocol (BTU) token pre-sale through Gatecoin
Starting today, fully verified Gatecoin users will be able to participate in BTU’s token pre-sale by logging into their Gatecoin account and pledging a desired amount of their EUR balance.
For this presale only contributions in EUR will be accepted. Users will need to first convert ETH or BTC to EUR before pledging an amount for the presale.
The deadline to take part through Gatecoin is Tuesday, 27 March at 8:00 HKT (UTC+8).
What is Booking Token Unit Protocol?
Booking Token Unit Protocol is a decentralized, open source, smarts contracted based protocol. The protocol utilizes a new ethereum token standard, the ERC 808 standard, envisioned and created by the BTU team. The platform allows stakeholders of the booking process (service providers, individual bookers, and infrastructure) to work together to more efficiently create reservations. The BTU Protocol is designed for easy use across different platforms, can be implemented into decentralized applications or used by websites for end users.
Enterprises will benefit from the BTU Protocol because it offers a hybrid model combining on-chain smart contracts and off-chain software components. The Booking Token Unit Protocol has the potential to be used in any industry that requires booking resources, including car rental reservations, medical appointments, and even booking computer resources. The open source nature of the protocol combined with the creation of a global reservation inventory can lower overhead costs creating fair competition.
What are Booking Token Unit (BTU) tokens?
The ERC-808 token standard implements the current ERC-20 token standards, while adding specific functions for handling the reservation process. Therefore, the BTU token is compliant with both ERC-20 standards and ERC-808 smart contract standards. The BTU tokens act as a way for bookers and providers to facilitate on and off chain interactions.
The BTU token will have many functions, including acting as a credit for booking a resource, incentivizing bookers to cancel reservations on time. BTU tokens will also provide a reward mechanism to promote use of the BTU Protocol over incumbent platforms like Expedia or Bookings.com. BTU tokens will be rewarded to bookers after they complete a booking successfully. Lastly, anti-spam measurements are put in place through token staking (escrow of BTU tokens) to enforce ethical use of the protocol.
Who is the team behind BTU?
- Vidal Chriqui — Co-Founder and Chief Innovation Officer
- Hervé Hababou — Co-Founder and President
Token sale details
For more details, please consult the information on Gatecoin’s token sale page.
All tokens will be issued at once and there will be no further minting after the token generation event.
How to take part
As a Gatecoin client, you will receive access to the public token pre-sale and benefit from a 20% token bonus over the general public price (meaning that you will get 20% more tokens for the same amount of EURO equivalent sent). The minimum participation amount for this token sale is 450 EURO. Participation will be taken into account on a first come first serve basis.
**Please note that US nationals, US residents, New Zealand nationals, and residents of Mainland China, will not be accepted as contributors.**
1) Login to your Gatecoin account, then go to our token pre-sale section.
2) Make sure you have EURO funds on your account, as this will be the only currency accepted for this first token pre-sale facilitated on Gatecoin.
3) After checking the details and accepting the terms and conditions, you will be able to commit your EURO balance to Booking Token Unit pre-sale. Make sure you do so before 8:00 HKT (UTC + 8) Tuesday 27st March 2018.
Once pledged, your EURO contribution will be sent to the project along with other users’ contributions. The Booking Token Unit team will take into account your participation and distribute Booking Token Unit tokens once the public token sale is over. Gatecoin will then credit your balance with Booking Token Unit tokens and release BTU/ETH and BTU/BTC for trading.
Want to know more?
- BTU website
- Request the BTU whitepaper here
- BTU medium
- BTU telegram
If you have any questions about token pre-sales please refer to our FAQ page.
Sincerely,
The Gatecoin team
Risk Disclaimer
Trading blockchain assets such as bitcoin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade blockchain assets you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with the trading of digital assets, and seek advice from a licensed financial advisor if you have any specific concerns.
