Overview

Tracoin the worlds next “Alibaba” Market Place to connect global land transportation companies, services and authorities

Project stage

Only a whitepaper

Detailed description

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.

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. 

Tracoin focuses on developing Market Place App targeting different sectors of the Land Transport 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.

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.

Problem

  • Climate change: Land transport accounts for about 64% of global oil consumption, 27% of all energy use, and 23% of the world’s energyrelated 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 2050. 
  • 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.

Solution

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.

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.
  • 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.
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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : TCN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 12,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :5,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :30,000,000 TCN
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :20,000,000 TCN
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Funds Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Token Sale Round 1 — Ended
    12 May 00:00 UTC
    30 Jul 00:00 UTC
    0.6 USD 10% Max 10000 TCN Uncapped 3,400,000 TCN
    Pre-ICO — Ended
    06 Apr 00:00 UTC
    06 May 00:00 UTC
    0.4 USD 15% Max 10000 TCN Uncapped 3,000,000 TCN
    Token Sale Round 1
    • Purchase $50 get 200 TCN Free
    • Purchase $100 get 400 TCN Free
    • Purchase $500 get 2,000 TCN Free
    • Purchase $1,000 get 5,000 TCN Free
    • Purchase $5,000 get 20,000 TCN Free
    • Purchase $10,000 get 40,000 TCN Free
    Pre-ICO

    Maximum of 10,000 TCN per investor per day

    Read more about vesting and bonus
    • Team

      • Andrew Portokallis photo
        Andrew Portokallis
        Co-Founder
      • Nurudeen Momodu photo
        Nurudeen Momodu
        Co-Founder/COO
      • Prabu Dass photo
        Prabu Dass
        Blockchain Project Manager
      • Karthi SRV photo
        Karthi SRV
        Full Stack Web Developer
      • Gokul Ram photo
        Gokul Ram
        Senior Blockchain Developer
    • Advisors

      • Joshuwa Roomsburg
        Digital Marketing Advisor
      • Nikolay Shkilev
        Blockchain Expert / ICObench Expert
      • Anna Shkilyova
        ICO Expert/Advisor
      • Cynthia Turcotte
        Editor-in-Chief @ Bitcoinist
      • Rick Tapia
        Blockchain & ICO Consultant
      • Peter Johnson
        Blockchain Advisor
      • Erickvand Tampilang
        Bounty Campaign Advisor
      • Sachin Bhargava
        Marketing & Promotion Advisor

    Roadmap

    • Q3, 2017
      Global Market Research
      • Global Market Research on Land Transport Industry

    • Q4, 2017
      Tracoin Concept Creation
      • Creating the idea of TRACOIN and its prime functionalities

      • Establishing how we can add value through this idea

      • Building the research and development team

    • Q1, 2018
      Finalizing with advisors and legal team
      • Finalizing 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 Q2 2018

    • Q2, 2018
      Token Sale
      • Tracoin Token Sale

    • Q3, 2018
      Tracoin web wallet and external exchange
      • Tracoin web wallet

      • Tracoin on external exchange (e.g, Coinexchange, Cryptopia) and list on Coinmarketcap

    • Q4, 2018
      Wallet launch (Android & IOS App)
      • Android & IOS App – wallet launch

      • Listing on Major Exchanges

    • Q1, 2019
      Market Place App launch and Marketing Campaigns
      • Launching Global Land Transport Market Place App and Aggressive Marketing Campaigns

    • Q2, 2019
      Partnership and Review Platform
      • Start Partnership with Land Transport Industry relevant groups and companies

      • Launching Review Platform

    • Q3, 2019
      Investing and Debit Card Launch
      • Investing in start-ups researching and developing solutions/ideas based on Blockchain technology

      • Debit Card Launch

    Activity