The block speed, for example, is 1 block per second, compared to 1 block per 10 min for Bitcoin. It will be a real Proof-of-Work (POW) coin that can be mined and runs on its own network unlike 90% of all the others coins.
Travelflex is offering something new to the fields of not only tourism and travel, but also cryptocurrency. They are developing a decentralized platform that is intended on being used for social media travel and payments. TRF is implementing a new and unique DAG algorithm onto the blockchain. It is not just another coin fork from other bigger coins and tokens. They are building their own blockchain. Their goal is to improve some of the scalable issues and limitations that many other cryptocurrency projects are faced with at this moment. This means that their block speed will be 1 block-size per 1 second, compared to Bitcoin’s structure, which is much larger.
TravelFlex will run on it’s own network as PoW structure that can also be mined, like any PoW, but instead of the traditional ASIC miners, they are decentralized. People can be rewarded by earning TFX by using their graphic processing units. They are utilizing a decentralized chat messenger and will also be offering a TravelFlex card to make purchases and transactions even easier to implement in real time. TravelFlex is doing something quite unique and wanting to integrate many of the unique and optimal methods available with current technology and trends to merging them all into one platform to help those that are interested in tourism and traveling.
The TFX crowd sale began on December 14th 2017 and will end on January 14th, 2018. There will be a total of 100 million TFX available for sale. TravelFlex is accepting Btc, Eth, Ltc, Dash, Bitcoin Cash, and even fiat. Their ICO is about to end, so if this type of project interests you, now is the time!
Travelflex Coin Technology
A unique social application
Our application is a social application. You will be able to add friends, family and others to your own friend list. You can easily send and receive coins from people in your friend list.
You will be able to chat with your contacts, through our encrypted chat function. 100% secure wallet to wallet chat function (peer to peer).
Your profile can be linked to social media. If you link your wallet to social media, you will get a bonus every time you mine coins. By having your TRF wallet linked to social media, you can check out the profiles of strangers you want to send money to, this will make sending coins safer, by knowing with who you are dealing with. Our built-in NFC function will make it possible to find other application users nearby.
Mining mobile application
Mining will mainly be done by GPU mining, the mining pool will be open for everyone when the coin is finished, furthermore transaction speeds will be made even better through a mobile application with mobile nodes on your smartphone.
We want to develop a unique mining application, which can be installed on your mobile phone. This will make mining accessible to everyone, not just the people with big funds to set up mining farms. There will be no need for expensive hardware, CPU, graphic cards or ASICs. From day 1 after the end of the ICO, everyone with a mobile phone will be able to mine the Travelflex Coin.
Charity
At Travelflex we don’t just want to change the way you travel, we also want to help others and the environment. This is why we have set up wallets for various charities. When you mine Travelfl ex coins through the mobile application or just with your mining rig, you will get to select a charity you want to donate 2% of the coins to.
Cheaper exchange rates
With Travelflex you don’t pay fees for the conversion of currency, ATM or credit card use. You will be able to print your Travelflex coins, and use them in the same way travelers cheques were used in the past. You will be able to exchange your cheques for local currency at TRF ATMs in major travel hubs. With the physical TRF card, you will be able to take money from the local ATM without any problem.
More security
If you lose your Travelflex cheques, or if they get stolen, you don’t have to worry. The cheques are secured with your personal pin code. No one else can use the cheques, without this pin code. You also don’t have to carry a lot of cash money with you anymore. Furthermore, you don’t have to submit your credit card when paying for accommodation, restaurants or at a store and thus you won’t have to share your personal information with people that may have bad intentions with your credit card information. Additionally, problems with ATMs that don’t accept foreign debit or credit cards are avoided by using Travelflex coins.
Travelflex ICO
On the scrypt algorithm 100% of the block reward goes to the miners. This even gives the founders more insentive to finish the new algorithm in time.
The founders will hold zero pre-mined coins. This is fair and may give purchasers confidence that there is no "pump and dump" going to happen by the founders. This is also why we do not hold a pre-sale. We do not want people to hold cheap coins, just to sell them right after the ICO. There will be no coin flipping at Travelflex.
The Travelflex ICO crowd sale will be launched on December 14th 2017. Check the Travelflex website at travelflex.org for the latest information. The ICO will feature 95,000,000 coins for sale and 5,000,000 coins will be reserved for the bounty program, If coins are not sold they will be burned with proof of burn after the ICO.
Travelflex has decided to go with a 4-year founder’s reward model, based on the Zcash model (https://z.cash/blog/funding.html). After the ICO ends, the mining will start. 90% of the newly mined coins will go to the miners, 8% to the founders and 2% to charity. At fi rst, there will be 1 block of 0.5 TRF per second mined.
On the new algorithm there will be a block reward of 0.5 TRF per second. This is equal to 30 TRF per minute, 300 TRF every 10 minutes and 1,800 TRF per hour. This gives us a total of 43,200 TRF every 24 hours. This will add up to an average coin supply of 15,768,000 TRF per year. After 2 years (block number 63,072,000) the block reward will decrease by 50%, from 0.5 TRF to 0.25TRF per block. Then, after another 2 years, the block reward will be decreased by 50% again and so on. The first 4 years, 90% of the newly created TRF will go to the miners, 2% will be donated to charities and 8% will go to the founders. After 4 years, this construction will stop and 100% of the newly mined TRF coins created will go to the miner and to charity.
Website: https://travelflex.org/
Ann Thread: https://bitcointalk.org/index.php?topic=2570851
Whitepaper: https://longcatchain.com/data/files/241217030_996453424.pdf
Author: Bredd6767
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1204015
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