Topic: [ANN]✨✨✨ YachtX Coin ✨✨✨ The high-end exclusive yacht life currency (Read 256 times)

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Many people have cryptocurrency and they will be glad to spend their cryptocurrency for different trips and vocations.
Here is an article https://finance.yahoo.com/news/yachtx-coin-launching-transforming-passion-081500653.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAAETZULuV2FTfH-XA1rHERDpSu8ggniHFLu4Se3G_XLyuUnghZjKvkmfaC0OqDM_ObD41SQ8JLIepA39mManQ13mc8DjMSVDpwtUpf-ezigb3hZNFuFo1LEa4zBtHWFR28wXVz6kvIrcMbQDciseply6IdItgf5LBwJ7GJySk1n9l about YachtX Coin Is Launching, Transforming Passion for Travel with Crypto.

Thanks this article you can understand better how YachtX Coin  will work.

Oh wow, this is interesting that I am going to drop every other topic I raised to pursue this matter and meet the bottom of it.

This private capital firm who back you up, this is the aforementioned firm who conduct the first hand survey that one of their client prefers crypto and thus made a summary which became the basis of your project? This is the top-tier luxury villa provider? And they're in Dubai?

And this is their website, which clearly confirm your claim that you're partnering with them as they mentioned you on their website.



But... wait, how big are they, again? Not that the age of website determines its reputation, but how could a prestigious firm only made their website barely two months ago? With their buttons barely functional? The "our offices" is just a placeholder? The image on their website is stolen from "Namaste", a yacht who docked in Italy?




Oh, talking about country of origins... This firm is in Dubai, UEA? Funny, their govt didn't list the company. Was it an unlisted, illegal company, just like how you suggest your people to evade tax?

As for now, we are in talks with prestigious partners interested in the project due to our initial success. We are funded by a private capital firm in Dubai (Big Rock Private Limited), which gives us more credibility. As we are taking this project seriously, the list of partners will be announced in the next quarters and updated on the website as soon as possible.

Follow our news in social networks to know more about our development.

We are currently new, and as mentioned, it would be ideal for our team to launch the coin and see the public’s interest before we even go down the path of having further investments. We can determine which areas to focus on according to the public interest. Our coin is mainly targeted to a luxury vacation at first, that’s our demographic. Hopefully, we can diverse our project to support all kinds of vacations, not just luxury ones.


Having our token sale in Pancake swap initially allows us to grow quicker since we can list our coins on credible sites such as Coin market cap, Coin Gecko, etc., as their initial requirement is for a coin/token to be listed somewhere. That’s the standard for the majority of the new crypto coins being released nowadays. As for the concern of being the holder with an unfair majority, our team will use that returns to further invest in this project rather than keep it to ourselves since we are taking this as seriously as the people who are serious as well.

We are backed by a private capital firm based in Dubai known as Big Rock Private Capital. So with our initial plans, we are planning to target the customers in Dubai since we have credibility from a private firm there. It correlates to our luxury vacations since Dubai is one place that indulges in a luxury vacation. Since our team is just in the initial phase, we already have thousands of members on telegram, which helps us identify their demographics to a certain degree. Hopefully, we can develop a good roster of the regions and more in-depth details in the future.

We are looking for partners that will provide our team with the best form of promotion to our customers, and the process is more straightforward. We are currently in the stage where digital coins, tokens, currencies are taking over the economy gradually in various sectors. We aim to be the first few tokens to be established as a token dedicated to luxury vacation, which will allow our customers to get used to the system, making our customers more familiar with this system in the future making it more straightforward. As for the deals, many vacation spots do provide, but our team will look for the best discounts possible to provide to our customers, making us stand out in terms of discounts.


Our discount methods are based on obtaining NFTs and exchanging them as a discount method which our team will come up with the logo and more descriptions about it in the coming quarters.


We are taking this project seriously. Since it is our initial launch, our team is learning the consumer’s behavior to provide the best possible services according to the people’s opinions.

lol this is the most obvious cash grab i have ever seen in my over 10 years of blockchaining.

More information can be found here https://twitter.com/YachtxCoin/status/1499399334927880196

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More information at https://twitter.com/YachtxCoin/status/1498946607617916928

I'm confused about the yachtxcoin project on the partner's part.
Usually the partners I see are projects that have big brands, but I don't see that on their website.
Can you explain what yachtxcoin partner means? will this be updated in the future? because I only see pictures without a brand or company logo as a partner.

Snipped the first part of your post because it made the entire post confusing. To avoid similar situation happens in the future I'll reply in summary of our topics. Kindly just quote my post starting from below the line and snip all of the section from your quoted post and this part.

---

In regards to the demographic,
demograpic mapping, together with geographic and psychographic is part of segmenting activity of "STP" that should be the earliest step your project took as the result of the analysis gives you on which target market you should focus yourself on.

Although it is true that a target market of projects could change as they adapting themselves to the ever changing market needs, not knowing which part of societal segment --either from financial side, age wise, or preferences-- should gives me certain degree of right to ask how serious are you for this project because you don't even know on which demographic you'll stand.

In regards to partnership announcement:
One month and you already conduct your token sale via pancakeswap? Wouldn't it be a bit unfair because your holder --I'm talking about those who seriously interested-- will not get enough material to determine the prospect of your project?

In regards to tax evasion:
--as well as correspondence to the earlier section about demographic, which I'd really love you to prove me I am wrong, that you've already did the segmentation stage analysis; on this particular topic, geographical demographic-- please tell me which countries that allow exclusion of wealth in crypto form and which countries do you plan your first customers to be and/or which regions do your partners usually catered their customer at.

In regards to discount:
--that it is not guaranteed that all of your partners could give the best discount-- shall we agree that it means if someone planned their vacation dilligent enough the conventional platforms could give them far better and cheaper accomodations? If so, shall we return to the initial question, how's your platform simpler --which we can agree it is not, because your project require more steps for those who store in fiat-- or better if you require more steps and/or have potential to be more expensive than those people usually use?

In regards to NFT:
Please update me on the definition of NFT because maybe I'm a bit outdated. Wasn't NFT stands for Non-Fungible Token, i.e. the token are indivisible, unique and what's more important --as the name implies-- it is not fungible as means of payment, it is only meant to be collected and sold at certain price in whole? So how does your NFT fit into this scenario again? by owning an NFT, they can use it to book a hotel room or other accomodations? Are you sure you're not cofused and mixed NFT with what we call "Voucher", dear?

In regards to removing the "not a trading instrument" part, I think I have ben clear enough on where I stoo for this matter. If you can't create a sable coin, then your token is subjected to be freely traded by anyone interested, and that part of your whitepaper is rather futile

Well if you ask for my personal opinion, that is a wrong move as it created the opposite effect. I think most will agree that once they read the tagline "high-end exclusive yacht life currency", a sentence that combines three words associated with expensive life in a sentence --high end, exclusive, yacht-- people would automatically assume their pricing is on the high tier.

We want everyone to feel like they have an opportunity to experience the High-end exclusive Yacht life, and through buying YachtX coin we want to make the dreams of our customers and people in our community come true.


First, in an attempt to stay on course from what was initially asked, the topic is not how long can someone stay in Bali, the question is about your target market --which, as stated on the earlier part of your quote above, is for all groups of income class-- and their preference should they asked to choose between spending weeks in Bali or few days on a yacht, which we can safely assume they'll prefer the latter, thus made your offer of "luxury yacht life" rather unappealing for most of your target market.

When we announce our partners which have services and accommodations from all price ranges you will understand and see the bigger picture of how YachtX coin is here to help everyone gain access to a better holiday.

But, if we should also breach from the topic and put a consideration that people will use your app because they're looking for a way to get lower cost, by turning the two weeks into three weeks, basically you're inferring that by utilizing discount from partners and loyalty points, thus saving some bucks from their budget, your customer could extend their holiday? How is this different from the promotion given by Agoda and the likes? If you plan your travel correctly, you will get a lot of discounts.

Similar to Agoda and other agency platforms we provide a similar service on our website, but for people who do not want to cash out from their Crypto to Cash to avoid tax they can directly use their profit to purchase their dream holiday.

What I'm trying to know is if your discount will be bigger than other apps, because I once got a Sheraton suite with 50%+ discount on one conventional travel app and I know for sure that if you diligent enough to browse through this app --namely, "plan your travel correctly'-- you could even get a limited-time offers of hotels or other accommodations with 75% or more discounts.

Through tax benefits and connections with our partners, we can provide the best discount deals without having to browse through many websites to find the right deal

Wouldn't it be severely biased if you build your entire project based on "first-hand research" conducted by your partner of an international customer? What about the rest?

The concept still remains the same everywhere in the world, the fact remains that people would want a discount on anything they purchase, and also if they are a crypto investor they would want to find a reliable platform to purchase their dream holiday instead of having to pay tax and conversion fee when cashing out profits from crypto to cash


Well, that's entirely in your hand. If your token is not meant to be an investment and trading instrument but only as a means of payment, then you ought to also guarantee that your coin fills the requirement of a means of payment: a store of value. Your coin will maintain its rate at a certain price and not be volatile, or in our crypto-terms, a stable coin. Because if you can't guarantee, that your price fluctuates instead of being stable, what stops people from using your coin as a trading instrument?

We will also sell NFTs which will only be purchasable from our website through YachtXcoin, after purchasing the NFTs the value will become constant, and you will definitely get to go on your holiday. But I understand that our coin can become a trading instrument. In your opinion should we remove the phrase trading instrument from our white paper?

When we announce our partners, which has services and accommodations from all price ranges, you will understand and see the bigger picture of how YachtX coin is here to help everyone gain access to a better holiday.

There it is again, the emphasis on luxury vacation that's followed by "yacht". Wouldn't you agree that it is rather labeling and gave a false conception that an idea that a luxury vacation --according to you and your company's philosophy" is lying around in a yacht and sunbathing?

As our primary concept is to support people with luxury vacations, as well as we are a brand new company we are in the process of understanding the demographics as well as the market. In the future, as our business will grow, we would try to provide all kinds of vacations to all of our customers with different demographics.

And perhaps it would be best for everybody if you can actually share with us about this big partnership, I am assuming they're the same company that you based your firsthand research on one crypto user. When will this info be available for the public?

To be announced within 1 month


First, in regards to tax "benefit", many countries require their citizen to report their crypto holdings as their holdings are considered as their property and assets, for example as pointed by this article by time and from the IRS page. By encouraging them to do the action, you're encouraging tax evasion, which is a crime punishable by law. What is your response on this matter?

Different countries have different laws, and I do not think it is fair to say we are encouraging tax evasion since in many countries in the world this is allowed. Also, we have an option for countries with laws against tax evasion which is by purchasing our NFTs and using them as coupons for their holidays.

Second, you sound very confident that your platform will give the best discounts, is this a guaranteed rate? In other words, suppose a hotel room in LA costs 1,500 USD per night and you offered a promo that put the price at 650 USD. Were you sure and guaranteed that other platforms will not have a better price? Worldwide?

We are confident that for some of our partners we will be able to give the best discounts, however, we never stated that this will be the case for all partners.

P.s. Each paragraph will answer the paragraph of the questions

Sorry, how's the NFT fits into this whole scenario, again?

NFTs full concept will be announced and launched in the next phase, for more information please visit our white paper

As for trading instrument and the mention of it on your whitepaper, once again I'll try to explain, if you want to ensure that no one would utilize your token to make profits/losses then you have to make them a stable coin, otherwise you will not be able to stop people from using them however they want to, including, but not limited to, trade them.

I didn't see how my opinion matters into this. If I "No, let's keep it that way", would you then pursue the course of a stable coin? And if I say "yes, you should remove it", would you then change the whole concept of your token from the non-tradable into a trade-friendly one? Was it that easy for you to sway from one concept to another?

We are not looking to become a stable coin, but we want to know the opinion of the people in the crypto community.

More information at https://twitter.com/YachtxCoin/status/1498349786180771840

There it is again, the emphasizing on luxury vacation that's followed by "yacht". Wouldn't you agree that it is rather labelling and gave a false conception that an idea that a luxury vacation --according to you and your company's philosopy" is lying around in a yacht and sunbathing?

And perhaps it would be the best for everybody if you can actually share us about this big partnership, I am assuming they're the same company that you based your first hand research from one crypto user. When will this info be available for public?


First, in regards of tax "benefit", many countries require their citizen to report their crypto holdings as their holdings are considered as their property and assets, for example as pointed by this article by time and from IRS page. By encouraging them to do the action, you're encouraging a tax evasion, which is a crime punishable by law. What is your response on this matter?

Second, you're sounds very confident that your platform will gives the best discounts, is this a guaranteed rate? In other words, suppose a hotel room in LA costs 1,500 USD per night and you offered a promo which put the price on 650 USD. Were you sure and guaranteed that other platforms will not have a better price? Worldwide?


Sorry, how's the NFT fits into this whole scenario, again?

As for trading instrument and the mention of it on your whitepaper, once again I'll try to explain, if you want to ensure that no one would utilize your token to make profits/losses then you have to make them a stable coin, otherwise you will not be able to stop people from using them however they want to, including, but not limited to, trade them.

I didn't see how my opinion matters into this. If I "No, let's keep it that way", would you then pursue the course of a stable coin? And if I say "yes, you should remove it", would you then change the whole concept of your token from the non-tradable into a trade-friendly one? Was it that easy for you to sway from one concept to another?

More information can be found here - https://twitter.com/YachtxCoin/status/1497994986893287425/photo/1

https://twitter.com/YachtxCoin/status/1497587501673947137/photo/1

We want everyone to feel like they have an opportunity to experience the High-end exclusive Yacht life, and through buying YachtX coin, we want to make the dreams of our customers and people in our community come true.

When we announce our partners, which has services and accommodations from all price range, you will understand and see the bigger picture of how YachtX coin is here to help everyone gain access to a better holiday.

Like Agoda and other agency platforms, we provide similar services on our website. Still, people who do not want to cash out from their Crypto to Cash to avoid tax can directly use their profit to purchase their dream holiday without having to cash out.

Through tax benefits and connections with our partners, we can provide the best discount deals without having to browse through many websites to find the right deal

The concept remains the same everywhere in the world; the fact remains that people would want a discount on anything they purchase, and also if they are a crypto investors, they would like to find a reliable platform to purchase their dream holiday instead of having to pay tax and conversion fee when cashing out profits from crypto to cash

We will also sell NFTs, which will only be purchasable from our website through YachtXcoin; after purchasing the NFTs, the value will become constant, and you will definitely get to go on your holiday. But I understand that our coin can become a trading instrument. In your opinion, should we remove the phrase trading instrument from our white paper?.

P.s. Each paragraph will answer the paragraph pf the questions

We are currently in talks with many different tourism-related businesses and will announce the first batch of partners straight after YachtX has launched.

Our partners from countries with no laws forbidding them from receiving crypto as payments will accept YachtX coin as payment. For countries which do not allow businesses to receive cryptocurrencies as payment, we will issue NFT coupons that can be purchased using YachtX coin from our website and Application (soon to come) which can be used at tourist destination stated on the NFT coupons.

Sorry that I have to break the posts into parts as it'll be easier to stay on topic this way. The sentences themselves aren't directly correlated to each others that's being broken, thus didn't reduce the whole meaning.


Well if you ask for my personal opinion, that is a wrong move as it created the opposite effect. I think most will agree that once they read the tagline "high-end exclusive yacht life currency", a sentence that combine three words associated with expensive life in a sentence --high end, exclusive, yacht-- people would automatically assume their pricing is on the high tier.


First, in attempt to stay in course from what initially asked, the topic is not how long can someone stay in Bali, the question is about your target market --which, as stated on the earlier part of your quote above, is for all groups of income class-- and their preference should they asked to choose between spending weeks in Bali or few days on a yacht, which we can safely assume they'll prefer the latter, thus made your offer of "luxury yacht life" rather unappealing for most of your target market.

But, if we shoud also breach from the topic and put a consideration that people will use your app becase they're looking for a way to get lower cost, by turning the two weeks into three weeks, basically you're inferring that by utilizing discount from partners and loyalty points, thus saving some bucks from their budget, your customer could extend their holiday? How is this different from the promotion given by agoda and the likes? If you plan your travel correctly, you will get a lot of discounts.

What I'm trying to know is if your discount will be bigger than other apps, because I once got a Sheraton suite with 50%+ discount on one conventional travel app and I know for sure that if you dilligent enought to browse through these app --namely, "plan your travel correctly'-- you could even get a limited-time offers of hotels or other accomodations with 75% or more discounts.


Wouldn't it be severely biased if you build your entire project based on a "first hand research" conducted by your partner of an international customer? What about the rest?


Well, that's entirely in your hand. If your token is not meant to be an investment and trading instruments but only as a means of payment, then you ought to also guarantee that your coin fills the requirement of a means of payment: a store of value. Your coin will maintain their rate at certain price and not volatile, or in our crypto-terms, a stable coin. Because if you can't guarantee this, that your price fluctuates instead of being stable, what stops people from using your coin as a trading instrument?


The question and the statement-on-question is not exactly how you're better than Airbnb --the topic about possibility discount aspect of this project has been asked on above section, anyway-- it's how you're simpler than the conventional traveling platform. Your statement said


which heavily implies that by removing the third party intermediaries like CC issuers or international banking networks, your payment method is simpler because they're shorter, less hassle and things. While, if we look at it from the perspective of non-crypto-community or a crypto user who keeps their savings in fiat, it actually took more steps as they'll need to exchange from fiat to your coin and back to fiat again suppose there is some balance left. While if they use the conventional means, all they need is their credit card, literally one screen of payment and confirmation.

Adjoining this with the section about how if we plan our trips smartly, we can save a lot, the conventional ways seems to be even more appealing. Because by utilizing credit card instead of YachtX Coin, they're not limited to only transact within your ecosystem, thus got a better chance of planning trips and destinations and discounts.

For instance, by not being limited to roam in your platform browsing for hotel that offers 50% discount, plane tickets at 30% discounts and restaurants --I'm assuming here that you'll also e partnered with restaurants and tourist attractions-- vouchers that need to be used within certain timeframe, they can use their CC to book a 60% discounted hotel in Agoda, 35% discount of flight from Trivago, tourist attraction discounts from Tripadvisor, and oh look, that restaurant they stumbled upon on their afternoon walk gave a half price happy hour with Visa. And all of those transaction --just like yours--  would also be summarized into one bill.

For the first part, we want to target all customer groups since the tourism-related businesses we are in talks to become our partner and provide discounts has a very wide range of prices (from small hotels with only a few rooms to top tier hotel chains like intercontinental or four seasons). But the reason for portraying a high-end image is that we want people to know that we want to support their dream holiday by giving them discounts and giving them the best holiday possible.

Getting two weeks in Bali can become 3 weeks if you utilize all the functions of yachtX properly.

For the luxuries we have done first-hand research from our partner (who we are about to sign straight after we launch) They are a top-tier villa with one of the most expensive rental prices. An international customer requested to pay by Bitcoin to reduce to hassle of having to go through the exchange rates and also asked for a discount since the hotel will have tax benefits.

Should we remove the “yachtX coin is not a general-purpose cryptocurrency+investing instrument” ?

To answer the question on how we are better than AirBnB, we aim to offer higher discounts than other platforms since our partners will receive tax benefits from receiving payments as a cryptocurrency they would be more than happy to share the additional profit to the customer. Also for people who trade or invest in cryptocurrency, it will be easy for them to swap whatever currency they hold to YachtX, which will allow them to avoid the Crypto income tax when cashing out the profits from their investments.

I checked your partner page... There is no information about what partners you have.

Do you already have a partners?
How do you plan to cooperate with your partners?