Travelflex is a new cryptocurrency that is aiming to solve the scalability issues that other coins like Bitcoin are facing at the moment. By using a complete new DAG based algorithm Travelflex isn’t just a simple clone or a token. The block speed, for example, is 1 block per second, compared to 1 block per 10 min for Bitcoin. It will be a real Proof-of-Work (POW) coin that can be mined and runs on its own network unlike 90% of all the others coins. Don’t be confused by the name Travelflex since the coins can be used for almost anything payment related, not just traveling.
The initial idea popped up in the visionary mind of the founder. The creation of a new cryptocurrency and related secured services and dedicated to the travel industry, imposed itself as a disruptive and haunting idea.
Two cryptocurrency enthusiasts joined the founder and began setting up a team behind the Travelflex concept.
An initial team had been gathered for the project and the concept was being outlined. Experts started to develop a beta version of the mobile application on both Android and iOS platform. The chat function was being tested and updated until it succesfully worked.
The decision to base the company in Hong Kong was made. To be in the heart of one of the most dynamic markets in Asia-Pacific. Legal matters and financial transactions are being secured. The Travelflex logo and trademark are registered.
Travelflex is setting up for the Initial Coin Offering. Final testing of the beta version of the mobile application is completed. The live chat team is ready to answer all your questions.
Worldwide launching of the Travelflex Initial Coin Offering. There will be 95,000,000 coins for sale, 5,000,000 coins will go to the Travelflex Bounty program. Unsold coins will be burned with proof of burning.
Mining the TRF coin starts. The development of Travelflex cheques and cards is still in progress. Travelflex will be listing TRF on all major exchanges for trading purposes.
Printable cheques are available. Establishment of partnerships with leaders in the travel industries, to allow the Travelflex community to use their TRF in their transactions through booking services, airline companies and hotelchains.
The Travelflex card is released and usable at ATMs. Loyalty programs are being developed. Partnerships with GDS industries will be initiated to allow more users to benefit from Travelflex services.
The Travelflex card should be working as planned and will be accepted at more and more points.
Travelflex continues to develop new relations with partners. This to give the coin more acceptance and use for the holders. The support team is still there for helping out when needed.
The team will keep working on the existing applications. New ideas might have been born and in development. By this time, the cryptocurrency industry might become regulated and Travelflex is prepared with funds and lawyers if necessary to keep TRF 100% functional within the existing regulations. This holds the same for if special requirements are needed before this time.