DutyCoin - Cryptocurrency for Duty Free Shoppers
Having traveled outside of the country, I can easily compare how duty free shops differ and how people who travel from one country to another shop before and after their flights. Some travelers especially one-time traveler usually spend the remaining coins or paper bills of the country they visit at the airport's duty free shops. The duty free shops daily activities are like malls on sale with so much shoppers 24/7.
I myself spent my last coins for buying chocolates though I know there are many chocolates here. I bought because I don't want to keep the coins which I can't spend in my home country and which will be of lesser value than when I bought it if exchanged.
But what if a blockchain can be utilized such that a token or a coin like DutyCoin can be used at any duty free shops without having to purchase a foreign currency? This will eliminate the many exchange transaction fees and the hassle of providing personal information to the bank or the exchange shop.
WHAT IS DUTYCOIN?
DutyCoin is an innovative crypto currency improving your travel experience by bringing unity to the duty-free/travel zones worldwide and aspiring to develop into a new country-independent and democratic market, bringing duty-free markets, airlines and blockchain closer together.
DutyCoin (DTC) currency is DutyFoundation’s flagship project and the main driver of blockchain revolution on the tax-free market facilitated by the DutyEcosystem. For more info watch video below or read Why use DutyCoin.
WHY USE DUTYCOIN?
- From retail sales of 63.6 billion U.S. dollars in 2016, duty free and retail sales are expected to reach about 85 billion U.S. dollars by 2020.
- US$1.85 billion - South Korea's Incheon Airport - larget airport by duty-free sales in 2016
- US$1.82 billion - Dubai Duty Free sales in 2016
- 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016. he International Air Transport Association (IATA) estimates.
- IATA's Global Passenger Survey revealed passengers want technology to give them more control over their travel experience, including more efficient security, less spending additional fees, and they are ready to go digital.
SOLUTIONS USING DUTYCOIN blockchain-based ecosystem
- withdrawal of pointless fees travelers have to pay on the physical duty-free markets and online too (specially by credit cards)
- almost zero cost service in comparison with traditional service providers
- no foreign exchange fees
- no unwanted surveillance over your international payments
- higher level of information security than provided by any travel/airline industry all over the world
- privacy with zero chance of data theft
- faster transaction times achieved by cutting off banks and related delays in payments confirmation
- potential for airline industry, such as data logging, 3rd party suppliers, various airport services
420 million, out of which 336 million will be offered to public with the following token allocation
- 63.000.000 (15% of 420.000.000 DTC) in the exclusive pre-sale
- 273.000.000 (65% of 420.000.000 DTC) in the official ICO
- 63.000.000 (15% of 420.000.000 DTC) will be held for escrow service
- 21.000.000 (5% of 420.000.000 DTC) will be used for scaling up of the project
- PRE-ICO (35% off)
- 63.000.000 / 3000 DTC = 0.0065 BTC
Total: 273.000.000 DTC
- 91.000.000 / 3000 DTC = 0.0080 BTC
- 91.000.000 / 3000 DTC = 0.0090 BTC
- 91.000.000 / 3000 DTC = 0.0100 BTC
- DUTYCOIN team: https://www.dutycoin.org/#team
- ROADMAP: https://www.dutyfoundation.org/#roadmap
- Whitepaper: https://www.dutyex.com/dutycoin-whitepaper.pdf
- Website DutyFoundation: https://www.dutyfoundation.org/
- Twitter DutyFoundation: https://twitter.com/DutyFoundation
- Website DutyCoin: https://www.dutycoin.org/
- Twitter DutyCoin: https://twitter.com/DutyCoin
- Official YouTube: https://www.youtube.com/channel/UCFwyD384b49GqNYcFFbjGUA
- Official Medium: https://medium.com/@DutyFoundation
- NEW Actual Community DISCORD: https://discordapp.com/invite/Rssay7W
- NEW GitLab: https://gitlab.com/DutyFoundation/DutyEcosystem
Published by: phexchanger - https://bitcointalk.org/index.php?action=profile;u=1233378