ICO Insights - TripBit review
A short informative review of the TRIPBIT project focused on the team, technology and token analytics. All information is valid to April 24, 2018.
Webpage
Media:
- Medium: written by Tripbit
- Coinschedule: paid premium listing, Trust Score: C
- TrackICO: Rating: 4.1 / 5
- Top ICO List: paid premium listing
- usaCommerce: paid advertisement article
- ICOWatchlist: paid advertising article
- Cointelegraph: “Japanese Airline Confirms Future BTC Payment Option In The Works” - not related to TripBit
- Travel+Leisure: “This Major Airport Will Be the First in the World to Accept Bitcoin” - not related to TripBit
- TechBullion
- Steemit
Community
- ~14,250 members on Telegram (there’s no link to Telegram on the website)
- ~700 followers on Twitter
- link to Facebook page doesn’t work
Bounty campaign worth of 500 ETH in project tokens.
Technical solution
Platform enabling users to pay for flights, hotels and events with cryptocurrencies.
P2P marketplace for travel tickets.
No MVP nor technical specification.
GitHub activity
GitHub link not available.
ICO metrics
Token contract address: 0x8fd41a78ab84d3f9eba301942d4d24303fab41fc.
Address with unsold tokens: 0x6eecff1c61f89910d72adafec608afee18c0f0e2 (105,000,000 tokens is sent to a pre-sale smart contract, reason behind the other token transactions of 648,837.25 tokens in total is unknown).
Pre-sale contract address: 0x8825d2afae802e13fb3e5652b08cf09f5bc5c894.
Pre-sale Ether flow:
- pre-sale contract
- 0xF84359D995679c874e09361e1937B2A3Ed57C7Aa (private wallet, Eth is manually sent to the next address)
- 0x6a00C9Aa981600A860Ae1FC429FA3e0Aa176B8B3 (forwarding smart contract)
- 0xd6a062CAE6123C158768A5C444CA0896CC60D6B1 (could be multisig wallet, can’t be confirmed without public contract code)
TripBit doesn’t have a special wallet for the pre-sale contributions, all Eth is sent to an old wallet used for multiple cryptocurrency operations.
Pre-sale contract is not available nor audited.
1 ETH = 10,000 TBT tokens; 700,000,000 total; 490,000,000 for sale.
Soft cap: $4,000,000; hard cap: $40,000,000.
Pre-sale:
- Up to 40% bonus.
- 1,354,009 out of 105,000,000 allocated tokens sold.
Main sale:
- Up to 35% bonus.
Team
George Rozos (Founder & CEO)
- Also active as a Wealth Advisor in National Australia Bank; Founder / Head Trader in Elemont FX; Equities, Commodities and FOREX Trader; Client Relations Representative in BP North Willoughby.
- Prev. experience: FX Proprietary Trader (YESFX LTD); eBay Sole Trader.
James Rozos (Founder & Technical Lead)
- Also active as a Software Developer in Campaign Monitor; Software Developer in NU Healthy Cafe; Customer Service Representative in BP.
- Prev. experience: Software Developer (WiseTech Global).
Juan Susilo (DevOps Coordinator)
- No link to LinkedIn profile — unconfirmed.
Rohan Jain (DApps Development)
- No entry regarding TripBit in their LinkedIn profile — unconfirmed.
Megan Chen (Finance & Strategy)
- No link to LinkedIn profile — unconfirmed.
Jayden Takahashi (Blockchain Advisory)
- No entry regarding TripBit in their LinkedIn profile — unconfirmed.
Sam Williams (Software Engineer)
- Also active as a Software Engineer in Opus.
- Prev. experience: Social Media Executive (UNSQ Electrical Engineering Society); Food And Beverage Attendant (Stanford Hotels); Construction Laborer (JIP CONSTRUCTION LIMITED).
Rebecca Syed (Digital Marketing)
- Also active as a Wealth Advisor in National Australia Bank; Freelance Marketing and Creative Services.
Andy Choy (Senior Analyst & Advisory)
- No entry regarding TripBit in their LinkedIn profile — unconfirmed.
Missing information
Which flight companies showed interest in cooperation?
Which hotel companies showed interest in cooperation?
Which event companies showed interest in cooperation?
Why is the ETH collected during pre-ico transferred through multiple transactions into multiple purpose wallet?
When will an MVP of the platform be available?
What specific steps, including their timeplan, will be taken to achieve the January 2019 goal: “Consumers travel using the tripbit platform. Mainstream marketing ensures Tripbit becomes a household name.”?
Disclaimer: The above is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
