PARADISE TOKEN ICO
Direct Global Hotel Booking Powered by Dapps. No Middlemen. 0% Commission. No centralized reservation platform. The more PDT you have, the longer your holidays will be .
ICO dates
PREMIUM ICO
| Soft cap | 1700000 USD |
| Hard cap | 4000000 USD |
| Tokens for sale | 210000000 |
| Token distribution in ICO |
| Price | 1 PDT=0.0075 USD |
| Minimal investment | 0.1 ETH |
| Acceppting | ETH |
| Bonus in ICO | First week 40%, 14000 PDT = 1 ETH 2,3,4 week 0%, 10000 PDT = 1 ETH |
What is Paradise Token?
Is standard ERC20 utility token on ethereum blockchain executed by Smart Contract and Dapps on PDT Protocol. PARADISE TOKEN is a Direct Global Hotel Booking Powered by Dapps. No Middlemen. 0% Commission. No Advertising Fees. Use Paradise Token to go on an annual holiday and travel around the world. The liquidity of the PDT will be maintained by integration with the exchange market and continuous work on the value of the product. We have >120.000 hotels plus restaurants and any kind of entertainment.You simply will be able to use our country list or the Largest Hotel Chains and make booking. Pay for the holidays using Paradise Token. No third party, no commission. Direct booking on the hotels website. We are part of Intercontex Group. Our partners are the biggest group hotels in the world. (Hilton,Marriott,Wyndham,IHG,Jumeirah,Kempinski,Loews Hotels,RIU Hotels,Tokyu Hotels,Langham Hospitality Group and more).
What is the total amount for Paradise Token (PDT)?
The total amount of PDT is 300 million. No more increase.210 million PDT, will be presented to the Paradise Token Investors for the long-term Paradise Token ECOSYSTEM support.The rest 90 million will be automatically transferred to the community rewards pool, team and advisors.
What problems do Paradise Token attempt to solve?
“Paradise” embraces blockchain technology to open a decentralized direct booking in the travel and tourism sector. Peer‐to‐peer economy applications, typified by Expedia, Tripadvisor, Booking.com, and Priceline have achieved great success in the past few years. However, these platforms charge high commission fees, advertising fees and also payment processing fees from their users in order to run. Huge growth is only enjoyed by a select few VCs and the founders. No interest in the company, very little, if any, of the appreciation value goes back to the guests and hosts. Thanks to Ethereum smart contracts, it is now possible to build a truly decentralized and automated sharing economy platform. This will be done with no middlemen, 0% fees for advertising, 0% commission fees and by sharing the wealth with the users in a two‐sided marketplace. The Paradise extensive connection with the biggest hotel chains in the world will be only huge benefit to users.
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Contents
Introduction
Executive Summary
Paradise Protocols
Purpose of Design Paradise Protocols
Loyalty Program
Business Model
Expensive and Long Payment Process
Claim/Trust/Guest Protocol
Claim/Trust/Host Protocol
Reputation Protocol
Token Sharing Economy
Tokenize Economy
Appendix
Competition and Market Overview
Strategy
Paradise Team
Timeline Development
Token Sale
Legal Notice
2
...
Introduction
Dear Guest/Host
The invention of Bitcoin in 2008 symbolized the advent of cryptocurrency.
T
he idea behind Bitcoin proved many there was no longer a need for central
banks, beginning the movement towards “decentralization.” This movement
was accelerated in 2015 with the launch of the Ethereum Blockchain and the
introduction of smart contracts, which enables any developer to create a new
genre of decentralized applications, commonly referred to as “dApps.” These
dApps use the power of the blockchain to allow for secure and trust less asset
transfer within the Ethereum network, eliminating the need for centralized
middlemen from many business models.
Cryptocurrencies are still in infancy phase, and blockchain technology provides
for crypto community of possibilities for practical applications that extend far
beyond the financial sector. The market of crypto currencies has exceeded
$498,630,272,732 and climbing at the time of writing this whitepaper.
...
Executive Summary
Global hotel industry total retail value in (2018)
‐
554.64bn/USD. E
‐
commerce
worldwide sales in 2017 were USD 2.29 trillion and are projected to increase to
4.48 trillion US dollars in 2021. The number of people buying goods or services
online will increase from 1.66 billion in 2017 to above 2 billion in 2020.
1. Increase trust and reputation
Building trust is difficult, and it is centrally governed by big marketplaces.
There is an inability to transfer trust from one centralized service to another,
and thus a need to establish relationship with each Host separately. Building
trust is difficult. It takes time and costs a lot of money.
“Paradise”provides a seamless user experience based on trust and security
through the blockchain. Every time a transaction is made the blockchain will
record the time of the transaction, delivery time ,both receiving and sending
wallet addresses, warranty conditions,etc. , All the sensitive information w...
Direct booking will be on the host’s website. Host accept only PDT, BTC, ETH
and another cryptocurrency. Then “Paradise” protocols will execute automatic
conversion to fiat currency or the ERC20 standard cryptocurrency by (Smart
contract)
‐
SELL/BUY on major exchanges like Bitfinex, GDAX and another
crypto
‐
exchange API.Host will be able to choose the frequency at which crypto
tokens are converted to fiat, cryptocurrency to exchange to, time of sending
money to their bank account, and many other options.
4. Abstract
“Paradise” will be the first system built on top of a set of Paradise Protocols
which allows end customer/guest and host to deal with each other via direct
booking without commission and no paying for an advertising(by host). We
build Paradise, a decentralized open source bookings ecosystem for direct
booking hotels/restaurants/air flights and any kind of entertainment. All
listings and deal parameters on Paradise will be decentralized ...
2. A Trust/Claim protocol
Default trust rates will be created for both host and guest using the Paradise
ecosystem for the first time. Every time a transaction is made, claim registered,
solved or unsolved etc. the smart contract will automatically change the trust
level for each of the parties involved. A Trust rating will be assigned to a
specific wallet address. Everyone will be able to see a trust rate in the most
common and typical places, such as the host's website or mobile app and by
the host/guest on the blockchain user
‐
friendly interface (Enable access to
these dApps from desktop browser and Smartphone’s ) once the purchase is
made.
/Claim. Once the client makes the claim, all the needed information is saved on
the blockchain user
‐
friendly interface (Enable access to these dApps from
desktop browser and Smartphone’s).The claim protocol acts as a third party for
dispute resolution. The host trust rating is immediately decreased, so the host
NETWORK EFFECT IS VERY WELL ILLUSTRATED BY METCALFE’S LAW.
V:
Value of a network/protocol = n(n
−
1)/2
Where
N:
is number of people using the network/Daaps
V =
∑
V
ᵢ
∝
(
∑
N
ᵢ
) ²
Network effect is: the more users there is, the more valuable it is.
The value of all the protocols increases quadratic ally with the number of
dApps built on top of them
Paradise Dapp Ecosystem
1
Check the trust/claim
level for each of the
parties involved.
Trust/Claim
Protocol
Paradise Protocol
Interface
3
Check the reputation
level for each of the
parties involved.
2
Allows two
authenticated P2P
entities to send and
receive money
Secure Payment
Protocol
4
Reputation level is
transfer to Trust/claim
protocol
Reputation
Protocol
7
...
LOYALTY PROGRAM
1.
How does the loyalty program work?
Every purchase made via the Paradise payment protocol will reward the client
with
0.2%
(might change over time) of the value of the transaction in Paradise
tokens from the Paradise loyalty pool.
BUSINESS MODEL
“Paradise” will charge a
1.2%
transaction fee from the host (the value of the
transaction).
0.2%
will go to a “Pool Smart Contract” in PDT for Paradise Token
guest. The guest will receive
0.2%
for writing reviews and to use that in the
Paradise ecosystem.
1%
will go to the company as revenues.
1%
commission for BTC, ETH (other utility ERC20 tokens).This commission is
charged for guests when they chose a pay
‐
in method other than PDT, and for
hosts who prefer to get paid
‐
out in other than PDT.
The
HOST
is able to provide bigger loyalty discounts for his guest by adjusting
hi...
We are going to be partnering with other strategic protocols:
1. Auditing
‐
All of our protocols and smart contracts will be audited by 3rd
parties.
2. Conversions
‐
Flexible pay
‐
in and pay
‐
out conversion between PDT, BTC, ETH,
ERC 20 TOKENS and Fiat.
3. Marketplace
‐
Connected with strategic marketplace protocols would allow
for decentralized bookings.
Benefits of using the PDT Protocols:
1. No commissions, No advertising cost to pay. Cost efficient
‐
by optimizing the
use of gas. No centralized data base.
2. Seamless
‐
dApps should be accessible by the general population through a
seamless user experience that handles Ethereum’s current and future
limitations on the blockchain.
3. Easy integration with e
‐
commerce.
I.EXPENSIVE AND LONG PAYMENT PROCESS
Despite having of different processing companies and payment gateways, the
fo...
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