Tryvium

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Tryvium (TYM) ICO Review

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Tryvium is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico TimeUnknown – Unknown
Token NameTryvium
Token SymbolTYM
WhitepaperView Whitepaper
Website LinkHome
Price1 TYM = 0.038 USD
PlatformEthereum
Soft Cap1,300,000 USD
Hard Cap21,600,000 USD

More about Tryvium (TYM) ICO:

Tryvium is a modern platform for booking hotels, apartments, B&B, and other accommodations. The technology incorporates the use of blockchain along with smart contracts systems to deliver real-world solutions to the industry challenges. Using Tryvium infrastructure, users can purchase tokens to make transactions and make reservations at the platform. The assets management can be done through a multi-currency systems entertaining different economic models; both crypto and fiat currencies. The market penetration will begin from Europe where the users of the platform will make most contribution and product feedbacks. The service will encourage users to use and support other users of the platform. The platform enables better user-experience, well-developed travel plans, lower intermediary charges, and enhanced reliability. The platform eliminated redundant mediators hence giving low transactions and service costs. The service charges are merely 8% whereas the industry giants usually charge up to 30% of the total sales. This means Tryvium will be able to deliver better services to the users for reasonable prices. The platform is soon set to launch the Trivium Gift Experience along with the several different services. The Gift Experience will enable you to gift your loved ones the pleasure to choose their favorite destination. It will be offering them hand-picked experiences all across Europe. Tryvium infrastructure will deliver a decentralized network to create a cost-effective booking platform where both small-scale hotel owners and corporate giants can come ahead and create new business and tourism opportunities.

r y v i u m i s d e l i v e r i n g p r a c t i c a l s o l u t i o n s t o t h e h o u s i n g a n d hospitality market by implementing blockchain infrastructure in the system. This will be achieved with the help of a peer-to-peer networking system to rule out the intermediaries of the system. The decentralized infrastructure allows a direct host to client connection to facilitate the short-term property leasing market. A significant proportion of Online Travel Agencies are taken over by the industry giants Expedia and The Priceline Group. They also have their influence on the metasearch sites such as Trivago or Kayak. The o r g a n i z a t i o n s h a v e a c q u i r e d a significant portion of the client base and came ahead as the industry giants ruling the Wall Street.

The market is however concerned with increasing saturation in the OTA market. Booking.com had a market share of 39 percent in 2013, which has since grown further still and now there are reasons to believe 60 and 70 percent. Expedia and Hotels.com (an Expedia group) holding the remaining share of the online market. T h e m a r ke t i s i n a d e s p e r a t e deficiency of a cost-effective, reliable alternative to the existing business model. The commissions charged by these OTAs can range from 15-25 percent of the value of total stay fare. Moreover, In the European Union nations VAT charges are added to these commissions rising them up to 18-33 percent. Booking.com further supplements these commissions by asking hotels to pay for preferential placing – typically a further 3 percent.

Background

The Tryvium platform is an online booking platform based on the blockchain aims to operate in a more “fair and ethical” manner. Tryvium platform is a big game changer offering an alternative to the current OTA systems which often see hotel crippled by very high commissions. The problem is solved by the Tryvium structure availing these hotels to lower their room rates without bearing any loss. Tryvium enables you, as a client to book through our platform and you get the best available rate. Every time you book an accommodation online, you get the best possible price since we apply 0 fees.The business will thrive because of its flat 8 percent commision charged from the hotels. The minimalist charges will help hotels to give out better offers and invest in quality service to the guests as well. Tryvium Platform is an all in one dynamic booking integrated platform based on the blockchain which allows travelers and hotel owners to come together in a complete ecosystem. This codependency is intended to reduce commissions and earn tokens (rewards, loyalty points, and bounty tokens) by using the platform while you are traveling. Using a smart contract system, we will change way for users to book their ideal accommodation.

Goal and Mission

The Tryvium solutions will provide an integrated one-stop system to make hassle-free bookings that can be verified and secured through the smart contract’s distributed ledger. If associated with Tryvium platform, the hotel owner will receive a so-called all in one solution to their business requirements. Tryvium all-in-one is an innovative software which includes: the most flexible reservation system you’ll ever find. Hotel owners have a fully integrated system software so that you don’t have to buy a single software for managing the daily activities of your hotel.Goal and Mission

Tryvium Platform is dedicated to deliver up to people’s expectations and meet their demands and requirements. The platform will enhance the travel industry through specific funding and commercial development. The decentralized network chain will create a dedicated community of people to support, transact, and contribute to the business. Using the upgraded technology people from all around the world will come together to change the industry across the globe.

Security Issues

We at Tryvium consider security as a first level priority, and we also protect the sensitive data of our users. Our semi-decentralized technical architecture model is able to both respect users rights regarding data protection (we will be GDPR compliant) and secure against attacks ( we will protect user data with latest up-to-date security measures, like two factor authentication and TOTP, we will optionally support decentralized identities authentication, like Civic and Uport technologies)The transactions platform are short of optimum security and reliable networks to protect the identity and hence end up exposing them to malicious attackers trying to make malicious financial transactions. The conventional systems are open to threats like the man in the middle attack of packet spoofing. The Blockchain network, therefore, has the upper hand over the existing payment systems. The technology incorporates encrypted data transmission over a decentralized network. This means the data can neither be altered at a single node nor can be intercepted by an attacker.

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