Pally (PAL)

Pally (PAL) widget

ICO date: 13.10.2017 - 11.11.2017
Industry: Travel & Tourism
Description:

Pally is the first travel experience platform powered through decentralised smart-contract technology. The Pally ecosystem is comprised of Pally Social – a mobile application that is currently available in beta from the Apple App Store, and Pally Adventures, a community marketplace where visitors can immerse themselves in new cities through experiences hosted by locals.

Features:

- Runinng on the Ethereum blockchain and implementing ERC20 specifications - Wallet - Internal exchange to enable fiat to PAL token conversion

Technical details:

The PAL token will run on the Ethereum blockchain and will implement the ERC20 standard specifications. Smart contracts will be developed for three purposes: the Pally ICO, network interaction and exchange of PAL tokens within the Pally ecosystem. The value of the Pally ecosystem is determined by the experiences offered by hosts and the number of users they serve. A crucial component in the system is therefore finding suitable hosts who design experiences users will love. Pally allows everybody to become miners by contributing to host-acquisition. Pally Miners serve a separate function from Ethereum Miners and will be rewarded with PAL tokens from the reserve fund when they introduce new Adventure Hosts to the ecosystem. As the price per PAL token appreciate in time, the amount paid to the Miner will depreciate proportionally, ensuring the same nominal value as the reward for Miners.The more popular the host is within the community for his/her experience, the more the Miner who introduced the host into the ecosystem will be paid. This strategy will economically incentivise Miners to build a quality-based host community. In 6 month cycles, Adventure Hosts’ community rating will be assessed and miners of the highest performing hosts will be rewarded in PAL tokens accordingly. This will spur healthy competition within the platform, motivating both miners and hosts to design high quality experiences, which will in turn will benefit the community.

Website: www.pally.co
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.0 / 5.0
Risk score
Low

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See also