Looks like topic for Announcements board. I have only 2 questions: can you tell 2-3 reasons why will token price rise instead of dump hard right after ICO? Do you have mvp or partnerships with industry influencers and why you need 100 000 ETH???
Hi there! Thank you for the insightful questions! The initial ERC20 token has a fixed supply and it is likely to see increasing demand as we onboard more commercial partners. Users will already be able to pay with the token anywhere using the debit card. Furthermore, 20% of the token supply is set aside for the long-term maintenance of the foundation and will not be touched for a long while. Moreover, participants in the closed sale who have made particularly large contributions are subject to a lockup period, thus they will not be able to just "dump" the coin right after the ICO.
As for your last question: The TLT system is a so-called 'protocol layer'. It comprises a collection of fast peer-to-peer protocols that provide a rich framework for arbitrary applications; the Standard Asset Registry and the TravelerToken itself are two applications we've already defined, but provisions for general distributed computation to user specification are included. As a network run by a consortium of businesses, who are all known entities, the expensive high-security consensus mechanism that public blockchain platforms use can be substituted for an extremely efficient consortium consensus algorithm similar to those used in large-scale data centers; it is highly modular and the incorporates the newest understanding of state dependencies, ownership, and validity conditions to improve latency and through-put to near optimal levels. Furthermore, given such a pool of relatively trusted peers, a cutting edge technique for distributed database searching can be implemented without concern for excessive security measures. This technique bypasses the traditional dichotomy of using a single central search structure or inefficiently replicating the search structure to every peer (as done in all current blockchain platforms). It does this by allowing semantic information to be encoded into the connectivity of the peers themselves, letting the same greedy algorithms that perform communications routing between peers also directly resolve requests for items organized by semantic features. The advanced database queries this enables are unheard of for a fully distributed system, and it allows for the businesses to set extremely fine-grained access/search permissions for all of their data (wherever they choose to store it). These few examples underscore the fact that the TLT system is not just an attempt to rip off other successful projects, but has been engineered from the ground up to provide the modern infrastructure real businesses need, right now, to enable innovation, cut costs, and provide their customers with the best and most customizable service possible. Therefore, our budget of 100,000 ETH is justified.
