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TuurnT (TRT) ICO Review

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TuurnT 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 NameTuurnT
Token SymbolTRT
WhitepaperView Whitepaper
Website LinkHome
Price1 TRT = 0.1 USD
PlatformEthereum
Minimum investment0.2 ETH
Hard Cap10,000,000 USD

More about TuurnT (TRT) ICO:

Our goal at Tuurnt has always been to create a close-knit community of hosts and partygoers. Now that we have accomplished this goal, we would like to expand our community by introducing the Tuurnt Token (TRT) into the platform. TRT will empower the Tuurnt ecosystem by incentivizing event creation and attendance. This will be accomplished by awarding tokens to users on a monthly basis.

This award driven business model would not only provide a new revenue stream for party host, but also make the currently burdensome process of storing crypto assets easier by integrating a social wallet into the Tuurnt app.

The social wallet will also easily enable transactions between host, guest and friends, providing seamless transactions on the blockchain.

Purchase, ownership, receipt, or possession of TRT tokens carries no rights, express or implied, other than the right to use such tokens as a means to participate, interact or transact on the decentralized Tuurnt blockchain platform as further described in this whitepaper, if successfully completed and deployed. In particular, all participants must understand and accept that TRT tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to Tuurnt and its corporate affiliates, other than any rights relating to the provision and receipt of services from Tuurnt, subject to limitations and conditions appearing in any other required agreements on the Tuurnt website. The TRT tokens are not intended to be utilized outside the decentralized Tuurnt platform nor as a digital currency, security, commodity, or any kind of financial instrument, and Tuurnt shall not be liable to any participant for any decrease in value of TRT tokens or any other damages that any participant may incur as a result of using or purchasing TRT tokens for anything besides their intended use on the Tuurnt platform.

INTRODUCTION

Tuurnt came after realizing there was a void in the event industry. Nowadays, people can make money from driving an Uber, or can rent out their homes on Airbnb, but what if someone doesn’t own a car or a home? That’s when Tuurnt app comes into play. With the blockchain technology, Tuurnt gives its users the ability to create an event in minutes! Just like Uber or Airbnb, you get paid to be the host. We are an app that connects partygoers with hosts.On one side we want to empower individuals to list their events and gain additional income.On the other, we want to give our community a unique experience to book events from abroad or local host, allowing them to collaborate and have fun.With the introduction of our ERC-20 utility token called Tuurnt Token “TRT”, hosts and partygoers are able to trade services in a secure payment system without having to deal with centralized middlemen.In addition to trading services, Tuurnt will have a reward system that recompense partygoers for attending parties and hosts will have bonus tokens when they reach a certain number of positive reviews milestones. Our reason for doing this, is to create a closed self-sustainable ecosystem that supports user growth and event creation while being decentralized on the blockchain.

Earn Tokens for Hosting & Attending Events

Our goal at Tuurnt has always been to create a close-knit community of hosts and partygoers. Now that we have accomplished this goal, we would like to expand our community by introducing the Tuurnt Token (TRT) into the platform.

TRT will empower the Tuurnt ecosystem by incentivizing event creation and attendance. This will be accomplished by awarding tokens to users on a monthly basis.

This award driven business model would not only provide a new revenue stream for party host, but also make the currently burdensome process of storing crypto assets easier by integrating a social wallet into the Tuurnt app.

The social wallet will also easily enable transactions between host, guest and friends, providing seamless transactions on the blockchain

Competitive Landscape

It is important to dedicate our time and energy towards a proper understanding of our collaborative and competitive landscape. This will help us to achieve sustainability and improve event management process. The competitive analysis simply helps us to identify how our event management apps will fit into the broader environment and the forces that cause our consumers deviate from using our apps.

We have understood the gaps to be breached in the Nightlife industry and we are looking into how to fill these gaps. In addition to this, we have defined our niche and identified our competitive advantage based on the strengths of our platform thereby making us distinct from our competitors and more efficient in achieving our goals. This is what sets our platform apart from others.

INSIDE LOOK Example Use Cases
• Tuurnt let’s college students throw frat parties with everyone on campus, knowing where the party will take place instead of just relying on the informal means of passing information.

• Tuurnt gives the opportunity to young couples who needs extra income, the ability to host a social event, like wine tasting and much more in the comfort of their home.People nearby can view and book the event in real time!

• Tuurnt is for that chef that loves to cook at home and wants to earn an extra income. People around them can book and enjoy a new culinary experience. For exemple; 20(TRT) you get a 5-course dinner and a glass of wine.

• Tuurnt allows users to see in real time how an event is unfolding from; photos and videos that people are posting directly from the event. The party-seekers can ask questions about the event in real time with live comments; “Hey how’s the line-up?”.

• Users who booked an event will receive a notification if someone has a question regarding that same event. They can all see how many likes and dislikes (Tuurnups & Tuurndowns) the event has.

Utility


The two primary functions for TRT are to book paid or free events on Tuurnt and to send TRT to friends and other Tuurnt users. Users must always have at least 1 TRT in their wallet to attend a free event. These functions create a closed economy for the Tuurnt ecosystem and will ensure stability. In addition to the primary functions, TRT will be awarded to Tuurnt users based on our Level system. The Tuurnt level system consists of two sub-categories, one for events hosts and the other for partygoers.

Payment protocol


TRT utilizes a smart contract system that allows guests to pay the host for bookings. The payments will be escrowed in a high level secured wallet until 24hours after the event is done. If there are no disputes between both parties, the payment will be automatically deposited in the host’s TRT wallet address. In case of a cancellation, the tokens will be returned to the Partygoer TRT wallet. Tuurnt will integrate a mobile wallet which is designed for receiving and sending payments. The image below shows that you will be able to transfer funds from Tuurnt in a secured manner without requiring any documentation or possessing of a bank account – all you need is your TRT wallet!

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