The $XTR Travel Token… All you need to know and more!
Updated: Jan 1, 2022
$XTR - a clearing and settlement travel cryptocurrency for travel industry transactions performed on the xTripz Platform.
At the heart of the world first community owned and governed travel experiences platform is the xTripz travel token ($XTR), a BEP-20 compliant token that will be the master token for all the transactions conducted on the xTripz Platform. The usage of a settlement token results in a far more efficient transactional process conducted in a trustless and autonomous environment.
The $XTR travel token can be accessed through the xTripz app that will provide the user (the traveller) the capabilities to purchase or book unique travel experiences and wide ranging travel activities on the xTripz Platform at the cheapest price possible. Paying for their bookings for travel experiences and activities on the xTripz Platform using $XTR travel token immediately reduces the price by as much as 20%, while also earning the user a further 10% reward of the transacted amount in the form of $XTR travel token. Payment using $XTR travel token eliminates the 3-4% credit card merchant fees that the xTripz Platform might otherwise have to pay to payment processing companies. Hence, the savings is passed on to the users on the platform.
Users on the xTripz Platform can also earn and accumulate more $XTR travel token by participating in the xTripz Explorer programme. The mechanics and benefits of the Explorer programme is detailed in our whitepaper. Apart from the xTripz Explorer programme, users on the platform will be able to earn further $XTR travel token by performing certain activities on the xTripz Platform, including signing up, checking in, sharing photos, videos and itineraries, creating authenticated reviews, purchase travel gift cards and so on so forth…
On the flip, there are the suppliers of travel experiences and various travel activities and services, serving the xTripz Platform and its users. These are wholesale and direct suppliers of flights, accommodation, attractions, tour and other travel activities etc. By accepting the $XTR travel token, these travel suppliers can expected almost immediate payments at extremely low processing fees compared to existing payment options via the automated smart contracts on the blockchain.
$XTR Travel Token
The xTripz ($XTR) travel token will be a true disruption to the international travel industry, as users proliferate and the xTripz Platform gather more traction. The token utility of the xTripz travel token is designed to be self-sustainable and driven by the stakeholders of our ecosystem and who are the pillars of the xTripz business model.
Let’s have a look at a typical traveller’s user journey and how the $XTR travel token plays an integral role throughout the entire customer journey.
Dreaming Moments:
Explore travel guides and inspirational contents for next trip on the best travel booking site.
Bookmarked and favourited the various appealing destinations and travel activities.
Earn $XTR travel token for content exploration and travel content consumed.
Planning Moments:
Earn $XTR travel token for 1st time user when complete registration.
Browse promotions and special fares for our travel token holders.
Plan dream holiday with Smart Planner with a few taps on app.
Earn $XTR travel token for usage of Smart Planner and trip planning.
Booking Moments:
Enjoy up to 20% discount when paying by $XTR travel token.
Guaranteed lowest rates for travel experiences and travel activities as compared to other mainstream OTAs.
Use $XTR travel token as guarantee for on-site payments.
Earn 10% rewards in transaction value in $XTR travel token.
Experiencing Moments:
Explore destination with in-journey tools for frictionless trip.
Earn $XTR travel token when checking in attractions and places, and for the completion of reviews of attractions, activities, restaurants, other travel activities and travel experiences etc.
Pay with $XTR travel token at select partners and enjoy discounts.
Sharing Moments:
Earn $XTR travel token for sharing to various social media channels.
Earn $XTR travel token as reward for successful referrals.
Further $XTR travel token is awarded to users with high reputation scores under xTripz Explorer programme for being a KOL.
The xTripz economy consists of the interaction between the various stakeholders in the eco-system, namely Travellers, Suppliers, Partners and Influencers, and powered by the xTripz Platform smart contracts and the $XTR travel token. The $XTR travel token is a native BEP-20 standard token on the Binance Smart Chain.
We have carefully designed and constructed a sustainable economic model to support the growth of the xTripz eco-system and early adopters and $XTR travel token holders can be amply rewarded for their involvement and support for the xTripz Platform and $XTR travel token. In the section that follows, we shall talk about the token utilities of the xTrip travel token ($XTR), which are also the economic drivers of the xTripz eco-system.
Smart Contracts - These self-executed software programmes is the fundamental basis for a trustless and autonomous platform. Each “utility event” governed by smart contracts drive interaction between the stakeholders involved, and determine the flow of $XTR travel token based on pre-determined instructions agreed by all parties.
Payment - To provide frictionless experience to the users, xTripz will accept various mode of payment, including fiat currencies, $XTR travel token and major cryptocurrencies like BTC, ETH, USDT etc. Fiat payment will incur 3-5% fee payable to payment processors. Cryptocurrencies can be converted to fiat on the spot using decentralised liquidity modules.
Discounts - Payment through $XTR travel token will always allow the user to enjoy the lowest possible rate, up to 20% on the rack rate (which is cheaper than prevailing rates on mainstream OTAs) and further 10% in rewards. From time to time, there will also be members only special rates and bespoke promotions personalised for each individual user.
User Engagement and Gamification - xTripz has planned for innovative gamification mechanisms and incentivisation strategies to encourage engagement with users who might otherwise use the platform once or twice a year. Users are incentivised to visit the platform regularly and get rewarded with $XTR travel token for performing various activities.
Influencer Network - The xTripz Explorer Programme was designed to encourage travel content creators, influencers and KOLs to use the xTripz Platform as a means of expanding their reach and monetise their fan base and contents though Call-to-Action (CTA) on their account and paid $XTR travel token for purchases of travel gift cards, travel activities and referrals from their followers.
Advertising Network - Travel brands and partners alike, can place strategic advertising on the xTripz platform to create top-of-mind awareness with our users or promote special travel experiences to these users. Service providers in connected and ancillary sectors can also book advertising on our network through the use of $XTR travel token.
About xTripz Network:
xTripz Network aspires to become one of the best travel booking site in the world, one which is fully decentralised and community owned and governed. The xTripz platform facilitates discovery, shopping, booking and payment of travel products, with novel DeFi and NFT features, replacing travel gift cards with our $XTR travel token, and providing our users memorable travel experiences and wide offering of travel activities. Our travel guides provide up to date information, including popular searches on travel activities, glamping near me and travel cryptocurrency.