COl" WORLD S FIRST ETHEREUM-BASED TOKEN FOR THE GLOBAL LAND TRANSPORT INDUSTRY WHITE PAPER

Transcription

1 t COl" WORLD S FIRST ETHEREUM-BASED TOKEN FOR THE GLOBAL LAND TRANSPORT INDUSTRY WHITE PAPER

2 Table of Contents Disclaimer Introduction Core Objectives Blockchain-Based Land Transport Market Place App Company Application Passenger Application Advantages of Blockchain Why We're Doing a Token Sale Token Functions & Benefits Tracoin Is Built On The Erc-20 Token Standard Token Functionality Why Would TCN Token Value Appreciate Land Transport industry shows solid growth Our Buy Back Plan Profit Sharing Tracoin ICO Fact Sheet ICO Funds Allocation/Distribution ICO 1 Pre-Sale + 5 Rounds Tracoin Outstanding Features Fast Low Fees Privacy Guarantee High Level of Security Simple Land Transport on Blockchain Tracoin Applications Advantage Cashless Transaction Retails Stores and E-commerce Business Tracoin White Paper 2

3 For Merchant Powerful Api for Payout Automation Tracoin Wallet Mobile App Web App Debit Card Roadmap Affiliate Program Special Bounty Reward Tracoin White Paper 3

4 Disclaimer PLEASE REVIEW THIS DISCLAIMER CAREFULLY. IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT YOUR LEGAL OR FINANCIAL ADVISER. The information set out below does not imply any elements of contractual relations and may be incomplete. Despite the fact that we make every effort to ensure that all data on the given web-site is current, accurate and relevant, the proposed document does not replace consultations with the specialists. Tracoin.co does not guarantee or assume any legal responsibility arising from or related to the accuracy, reliability, relevance or completeness of any material contained in this document. Individuals intending to invest in the project should consult an independent specialist before performing any actions outlined in this document. Tracoin White Paper 4

5 Introduction related CO2 emissions. With motorization rates on the rise, the environmental impact of the sector is expected to grow dramatically. Rapid urbanization and motorization: Cities will be home to some 5.4 billion residents by 2050, equivalent to 2/3 of the projected global population. The number of vehicles on the road will double to reach 2 billion by Land Transportation is an essential part of human activity, and in many ways form the basis of all socio-economic interactions. Indeed, no two locations will interact effectively without a viable means of movement. In many developing countries, inadequate transport facilities are often the norm rather than the exception. Thus, a good transport system is essential to support economic growth and development. Land Transport is a crucial driver of economic and social development, bringing opportunities for the poor and enabling economies to be more competitive. Transport infrastructure connects people to jobs, education, and health services; it enables the supply of goods and services around the world; and allows people to interact and generate the knowledge and solutions that foster long-term growth. Rural roads, for example, can help prevent maternal deaths through timely access to childbirth-related care, boost girls enrollment in school, and increase and diversify farmers income by connecting them to markets. The sector is crucial to reducing poverty, boosting prosperity, and achieving the Sustainable Development Goals, as transport is at the heart of critical development challenges: Climate change: Land transport accounts for about 64% of global oil consumption, 27% of all energy use, and 23% of the world s energy- The sector is crucial to reducing poverty, boosting prosperity, and achieving the Sustainable Development Goals, as transport is at the heart of critical development challenges. Accessibility and affordability: An estimated one billion people in low-income countries still lack access to an all-weather road. In many cities, time lost to congestion erodes prosperity. High mobility costs cut the disposable income of the poor who often lack reliable and afford-able public transportation. As the developing world rapidly urbanizes, there is an opportunity to build safer, cleaner, more efficient and accessible transport systems that reduce congestion and pollution, facilitate access to jobs, and lower transport energy consumption. In emerging mid-size cities, where most of the new urban dwellers will live, city planners have an opportunity to design sustainable and inclusive transport systems from the start, leapfrogging more polluting and costly modes. In older or larger cities, technology and big data are helping better map travel patterns and needs, engaging citizens, and improving the quality and efficiency of transport solutions. Tracoin White Paper 5

6 At the Climate Action Summit 2016, the World Bank Group president Jim Yong Kim, called for action to accelerate efforts to unify and transform the transport sector. He proposed to develop, with interested transport stakeholders, a new and strategic global initiative that will support the implementation of the SDGs and transform the sector. This announcement was welcomed by the now former Secretary General of the United Nations, Ban Ki Moon. Out of this call for action, Sustainable Mobility for All was born. TRACOIN is an open source, peer-to-peer, and community driven decentralized cryptocurrency for the land transport industry. Through the utiliza-tion of recent technological innovations, we have developed a model with the ability to overcome the majority of the land transport industries major chal-lenges and furthermore, propose various measures that will significantly improve the efficiency of land transport services thus improving the users level of comfort and safety using land transportation. Tracoin strives to create a land transport industry community by rewarding people -who provide valuable contributions- with crypto-currency. Through this reward system, the land transport will see a rise in a currency that will be able to reach a broad market, including a vast number of people who have yet to participate in any cryptocurrency economy. The integration of blockchain and land transport companies is an extraordinary concept; one that requires the creation of a community in which transparency and shared responsibility can take place. Our Mission Statement The Tracoin is a unique decentralized token with a core mission to improve the quality of land transport services worldwide, reduce land transport constraints and create a community base. The Tracoin Token was created to help assist in the development of the Market Place App with the above mentioned missions by giving power to the people. industry. Individuals who use and implement these tools will receive Tracoin Tokens as a reward, which they can use to pay for their transport service. The goal is to provide a solution and support for the land transport industry through a blockchain technology. Tracoin will be an e-commerce platform and utility token for the global land transport industry. Core Objectives All service industries aiming at long-term success are driven by their customers feedback. The land transport Industry is no exception. No powerful organization, no central institution, no regulatory authority, or individual could control the industry better than the user community. However, a community needs to exist for this to be achieved and this is where Tracoin comes in. Tracoin emphasizes the industry s challenges and reveals the solutions for increasing the land transport practice s efficiency. Implementing a blockchain based industrial cryptocurrency can incentivize the industry in solving the majority of the existing and future challenges. Below will be the development phase of Tracoin with a unique focus, goal, and milestone. Tracoin focuses on developing Market Place App targeting different sectors of the Land Transport Tracoin White Paper 6

7 Blockchain-Based Land Transport Market Place App Through creating and implementing the first Ethereum Blockchain-based Market Place for connecting all land transportation companies, the Market Place App will allow users access to available fleet of vehicles and transport companies will have access to up-to-date market research and profile of qualified drivers - the most powerful tool to improve service quality and to establish a loyal passenger base. Through this market place app qualified drivers will be able to upload their profile and the transport companies in turn can recruit qualified drivers for their services. Company Application Company employee opens the mobile application (ios or Android) User receives data about completed vehicle trip from server as recorded by Driver User adds information about oil, refueling, and remarks on the technical condition of the Vehicle User can manage vehicle bookings through the application User can add other company services, which passengers can order through the application Once the vehicle is submitted to blockchain, its status can be viewed Historical records are available to the company for review, analysis, and statistic summaries Benefits to the Company: convenient logging application, compliance and transparency for transport authorities, easy vehicle booking system, vehicle management and maintenance, inflow of new cus-tomers introduced through the application. Passenger Application Passenger opens app portal Passenger can select the best offers (based on vehicle time, cost, etc) and perform booking Booking can be paid online with fiat or Tracoin He/she receives a booking confirmation Once the trip is completed, passenger can submit a report and feedback Tracoin White Paper 7

8 Benefits to the Passenger: Access to the global database of vehicles offers, including Taxi & Charters, Vehicle Tours & Excursions, and Drivers with validated experience, an ability to pay with Tracoin. Through this Market Place we are creating and implementing the first Ethereum Blockchain-based platform for trusted transport company service reviews. The Market Place will allow passengers' voices to be heard and transport companies will have access to up-to-date, extremely valuable market research data and trusted passengers feedback - the most powerful tool to improve service quality and to establish a loyal passenger base. Through a self- executing Smart Contract, the Tracoin review platform will assure optimal autonomy, trust, speed, and safety thus mitigating any risks in connection with manipulations. The brand new, Ethereum blockchain-based feedback system (smart contract) will trigger a dynamic movement in users, transport companies owners and staffs to open Tracoin wallets. single review is rewarded with TRACOIN The reviews would be seen as highly beneficial to the transport companies and the industry as it will lead to an increase in trust gained and reviews of a high quality which would result in more valuable market research data and increased service efficiency. Due to the transparent, incentive-based and censorship resistant nature of the blockchain based solution; Tracoin will create an extremely well functional review and market research system that will be accessible for all contributors. Advantages of Blockchain There will be a Tracoin community that will create the prerequisites for the future steps that will be taken to penetrate the global market and will provide valuable market research results. Once the ICO is over the market offensive strategies and the advertising campaigns for the global expansion will be implemented and create a rapid growing community of users and transport companies. Benefits: Permanent data storage Once on the blockchain, reviews cannot be modified or manipulated Transparent reviews The creation of closed economic system. Market research value Passengers will have access to the rating and reviews of each Transport Company and can base their decision of which company to use on the information available Passengers will have the option to speak out and present their opinions Tracoin will be diversely distributed. Every A distributed, immutable, and cryptographically secure database. Data stored on the blockchain is encrypted for maximum security and, once saved, is recorded forever and cannot be altered. An ideal way to store credentials, identifying information, contractual agreements between two or more parties, transmissions, and transactions. Tracoin White Paper 8

9 The distributed nature of the blockchain means that stored data cannot be falsified or hacked. Supports smart contract functionality. A smart contract is a computer protocol that facilitates, verifies, enforces, and executes contracts in an automatic and transparent manner. Why We're Doing a Token Sale There are several reasons why we have chosen to raise money through a token sale instead of using more traditional means: A token sale allows us to reach investors from all around the world and incentivize them to use and promote Tracoin's products. Tokens provide liquidity since they can be traded on exchanges after the token sale. Investors are able to sell their tokens if they wish and thus benefit from the growth of Tracoin's market value. The token smart contract allows for easy distribution of tokens to investors, instant payments, and a level of security and transparency that would otherwise be near impossible to achieve. Token Functions & Benefits Tracoin (TCN), an ERC20 compliant Ethereum-based token with a total supply of 30,000,000 TCN. During the token sale, a fixed number of TCN are created, after which no further tokens will be created. Tracoin is a utility token created to fund the development and marketing of the Tracoin project, including the associated distributed database, online portal, and mobile applications. Tracoin Is Built on the Erc-20 Token Standard Since Tracoin is built on the ERC-20 token standard, it is easily integrated into users wallets and can be traded via direct transfers or through the use of smart contracts. Over time, the total supply of TCN will slowly start to decrease as tokens are taken out of circulation. This, combined with our buy back and staking plans, will effectively render TCN deflationary. Any transaction fees on the Tracoin platform will be in TCN. Tracoin is built on the ERC-20 token standard, allowing for simple integration into users wallets. Tracoin White Paper 9

10 Token Functionality 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. TCN can be utilized to create revenue streams for Tracoin as well as to offer the following benefits to token holders: A means of payment for land transport services Unlock access to driver profiles, offers from land transport companies, and other features Earn commissions for referrals and client introductions Rewards for using TCN to pay for services Subscription fee / Transaction based fee for log entries To incentivize both consumer and provider participation in the Tracoin ecosystem, and to expand our market reach, we will be offering a 'seed' quantity of Tracoin tokens to driving schools, vehicle operators, and transport companies that sign up with Tracoin. Once those tokens have been exhausted, we anticipate a continued demand for tokens from the platform's users. To encourage further use of the platform, we will offer discounts on service fees and commissions paid in TCN. " To incentivize participation in the Tracoin ecosystem and to expand our market reach, we will be offering a seed quantity of Tracoin tokens to driving schools, vehicle operators, and transport companies that sign up with Tracoin. We created TCN with the clear understanding that for the token to have value and long term utility, it must be viable, secure, well funded, protected from inflation, function better than other similar tokens if such exist, and offer something unique. These key elements form the solid foundation necessary for a token to flourish. TCN has that foundation and we believe that it will not only result in both short- and long-term gains for investors, but will bring about improvements in society as well. Tracoin White Paper 10

11 Why Would TCN Token Value Appreciate? Land Transport industry shows solid growth: more vehicles are built, more transport companies are establishing, volume of passengers and cargo is steadily rising. Land Transport industry is strongly connected to worldwide GDP. From general pub-lic to world leaders everyone depends on land transportation and Tracoin will become the essential part of the land transport economy. In order to use Tracoin platform, every driver, driving school or transport company should own TCN tokens. For TCN token holders it means that market demand for TCN token will increase. More customers would bid to buy TCN and current token holders will benefit from TCN exchange rate. drivers, driving schools and transport companies have a steady flow of income, and sufficient investments into the sup-porting systems like Tracoin, that is why TCN market price will rise. Our Buy Back Plan We re going to buy back Tracoin tokens in the open market every year after the ICO. The reason for this is because we have absolute confident in Tracoin long-term prospect and value - that we have decided to buy back our tokens at a rapid rate once it hits the exchangers after the ICO. This will make the price of our token more stable and increase in price rapidly over time. About upto 5% of the circulating tokens will be bought back each year. Through annual generated income gives us strong capital base to do this. This will in turn increase the value of the token and make it more stable. A buyback allows us to invest in ourselves. By reduc-ing the number of tokens in circulation, our buy backs increase the proportion of tokens owned by enduring investors. A company may feel its tokens are undervalued and buy them back to provide investors with a return, and because the company is bullish on its current operations. Our buy back tokens comes with a number of reasons, such as to increase the value of tokens still available by reducing the supply of them or eliminate any threats by token holders who may be looking for a pump and dump. Fundamental law or economics says: Tracoin holders will sell their tokens for the highest price customers could pay, especially in situation when Tracoin emission is limited. The more drivers, transport companies and passengers will use TCN, the higher token liquidity will be. Our business strategy aims is to quickly expand Tracoin market presence from early adopters to mass market. With the recognition by transport authorities, Tracoin may become the must have feature for thousands of people and organizations all around the world. Essentially once the larger market players integrate Tracoin the higher demand for Tracoin services would be and the higher TCN token value will become. Tracoin White Paper 11

12 Tracoin ICO Fact Sheet Maximum Supply: 30,000,000 TCN ICO Crowd sale: 20,000,000 TCN Initial Price: $0.40-$1.00 (USD) ICO Funds Allocation/Distribution 10% Operational Expenses 25% Development 40% Tracoin Marketplace App 25% Marketing Tracoin White Paper 12

13 ICO 1 Pre-Sale + 5 Rounds The Tracoin ICO crowd sale will consist of one presale and 5 main ICO rounds. If all Tracoin tokens in a round are sold out, we will move on to the next round instantly within 24 hours, but at a higher price. Due to the expected high demand for Tracoin, we are limiting purchase to a maximum of 10,000 TCN per investor per day. Tracoin offers a bonus reward during each round of the ICO. For example, if you were to buy 100 TCN during the pre-sale, you would receive 15 bonus TCN (15%) as a reward. Pre-ICO: $0.40 BONUS 15% - 3M Round 1: $0.60 BONUS 10% - 3.4M Round 2: $0.70 BONUS 8% - 3.4M Round 3: $0.80 BONUS 3% - 3.4M Round 4: $0.90 BONUS 2% - 3.4M Round 5: $ M Tracoin Outstanding Features Fast: One thing that sets TRACOIN apart from other digital currencies is its speed. Transaction confirmations occur within a few seconds. TRACOIN is even faster than Bitcoin! Our blockchain technology gives TRACOIN the ability to surpass Bitcoin and other digital currencies when it comes to the speed of money transactions. Low Fees: In comparison with the cost that traditional payment methods may charge you, TRACOIN charges the most nominal of fess - it doesn't matter if you are sending a payment across town or across the world. Privacy Guarantee: All of your private data, including customer information, vendor information, transaction amounts, etc... is encrypted and stored on the blockchain to ensure absolute privacy. Tracoin White Paper 13

14 High Level of Security: Tracoin's blockchain based infrastructure, coupled with high level encryption and optional 2FA, protects your personal data and your funds from all attacks. Simple: From desktop and mobile apps to debit cards, every aspect of the Tracoin ecosystem is designed for ease of use and flawless functionality to meet your money transaction demands. Whether you are a businessman, consumer, or individual desiring to transfer funds to an acquaintance, Tracoin is your best choice. Land Transport on Blockchain We foresee the Tracoin platform adding value as follows: High level of security; Simplicity in transaction; No intermediaries; Fast transactional speed; Trustful and verifiable records; Transparent relationship between land transport businesses. Tracoin connects every facet of the land transport industry together on one network, including driving schools, land transport companies, drivers, maintenance companies, passengers, related merchants, and more. Tracoin White Paper 14

15 Tracoin Applications Advantage Cashless Transactions There is no more limit to carry foreign exchange to anywhere you go with Tracoin. No more worry about the exchange rate fees that you may be charged a lot, and many other expenses related to money exchange and transfer. Therefore, save your time, money, and of course, the less cash, the safer. Retail Stores and E-commerce Business Retail store and e-commerce business owners can boost their sales and accelerate business growth thanks to Tracoin and our related apps. By integrating Tracoin with your online business and retailing stores, you can increase your reach to a global audience of prospective customers. For Merchants Tracoin offers access to one of the most convenient method of payment for consumers and merchants alike. Payments are fast, secure, and can can be made locally or internationally. One of the greatest challenges merchants face is growing their customer base. Tracoin solves that problem, giving merchants the ability to reach and accept payment from customers around the world. Tracoin can help leverage your business growth by provide you and your customers with the most timeand cost-saving money transaction method. Powerful API for Payout Automation If you desire to automate your payouts, Tracoin API is exactly what you need. Our system will provide you with an API so that you can connect with your customers, your suppliers and even your employees with the Tracoin network, making it convenient for all parties to send and receive payments. Tracoin White Paper 15

16 Tracoin Wallet The Tracoin wallet is : Desktop Wallet: Window, Linux, Mac Web Wallet Mobile Wallet: Android App, ios App Mobile wallet app is designed with the highest level of security and it is really a user friendly app that you would trust in. Mobile App With your smart phone, you just need to download Tracoin mobile apps, and then you can start transferring money and making any payment with your clients, your partners, your suppliers By using Tracoin apps, there is no need filling out tons of annoying forms which is oppressively complex and time consuming and may result in delay in getting business done. NEWS TRANSACTION STAKING WALLET DEPOSIT r acoin MERCHANT SUPPORT TRANSFER Web Version EXCHANGE NEWS TRANSACTION STAKING WALLET DEPOSIT MERCHANT SUPPORT TRANSFER Tracoin White Paper 16

17 Debit Card Using the Tracoin debit card is the simplest and most convenient way to make payments for goods and services. At your request, we will provide you with a debit card that you can use anywhere, at anytime all. Debit Card Tracoin Tracoin provides you with the most advanced solution for sending and receiving payments. With Tracoin you can load multiple currencies on one debit card. Use it just like a normal debit card for making payments, shopping online or making ATM withdrawals in local currencies. Tracoin provides you with the most advanced solution for sending and receiving payments. With Tracoin you can load multiple currencies on one debit card. Easy to use Multi crypto storage Online Shopping ATM withdrawals Traveling abroad Tracoin White Paper 17

18 Roadmap Each step in the roadmap demonstrates our commitment and effort to ensure that everything would be done correctly at the right time, so that we could timely provide platforms for members to do their business, their money transaction or investment. This road map would provide you with the most development phases of TRACOIN. Each phase and its corresponding milestones, goals, and focuses are set out below: Global Market Research on Land Transport Industry Q Q Q Finalize with advisors and legal team for structure and set up in preparation for ICO. Finalization of white paper. Website and marketing strategy in preparation for Pre-ICO in Q Creating the idea of TRACOIN and its prime functionalities. Establish how we can add value through this idea. Building the research and development team. Q Tracoin Token Sale. Q TRACOIN Web wallet TRACOIN listed on external exchanges (e.g, Coinexchange, Cryptopia) List on Coinmarketcap Q Android & IOS App wallet launch Listing on Major Exchanges Q Launch Global Land Transport Market Place App Aggressive Marketing Campaigns Q Q Start Partnerships with Land Transport Industry relevant groups and companies Launch Review Platform Start investing in start-ups researching and developing solutions/ideas based on blockchain technology Release of Debit Card Tracoin White Paper 18

19 Affiliate Program By referring new members to buy Tracoin and use the platform, you will receive an 8% bonus on your referred members' purchases. The more people refer, the more you will earn. Our 6-level affiliate program lets you earn bonuses not just on the people you refer, but on the people they refer as well. See the affiliate bonus levels chart below for details. This is your big chance to earn a significant passive income and help others to do so as well. The Tracoin affiliate program is a great way to expand our user and investor community. Affiliate bonuses are how we recognize your contribution to the development of the Tracoin community. We believe that our program has the potential to change lives for better with minimal risk and the prospect of major returns. Tracoin provides you with a number of tools of which you can make use to build your own affiliate network. 8% Referal Bonus 3% 2% 1% 0.5% 0.2% Level 1 Level 2 Level 3 Level 4 Level 5 Level 6 Special Bounty Reward We are providing a special Bounty Reward for Youtubers, digital marketers, and members of the Bitcointalk community.there will be a reward for the Top 100 Teams with the HIGHEST amounts of ICO Total Coin. You can achieve this by helping to promote this ICO by building your Referral Team and encouraging members to purchase Tracoin ICO. Tracoin White Paper 19