Sojourn is a Scrypt coin that will be used in a similar manner as hotel points. We at Sojourn will operate a hotel booking website (offered internationally) that will allow reservations to be made and paid in most major forms of cryptocurrency. Sojourn coins will be issued as rewards with every booking, and can be used to pay for future bookings. The site will be rudimentary at first, and orders will be filled manually. It will mirror popular travel agencies as far as availability and pricing is concerned. A fully automated booking site will be worked on when more funding is available to us. Fees for the site will be set at 1% to combat any losses we may take due to market changes, and we anticipate giving 2% of booking value in sojourn coins during the first few months of the service. The goal is to make hotel points work financially for the user. On a traditional travel website, value is fixed and at the sole discretion of the company. We want to provide rewards that will increase in value as use is adopted. Your reward coins will not be trapped in the system, they are yours and you can use or trade them as you please.
Wallets/Source/Daemon: https://github.com/sojournagain/Sojourn1.01What to expect in the coming days:
-Launch of coin info site (complete)
-Airdrop for all accounts registered prior to and including 12 July 2017 (registration complete)
-Release of the coin and source code (complete)
-Signature campaign
-Bounties assigned
-Push to exchange to establish value
-Launch of hotel booking site
Coin details:
-PoW (PoS is impractical for our purposes)
-Scrypt algo
-Block reward will begin at 50 and halve every 100,000 blocks
-Total coin supply will be 10.5mil
-Block time is 4 minutes with a 8 minute diff readjust
-Premine of 5% for bounty rewards and site booking rewards
Current bounties:
-main forum post redesign (600 Sojourn) IN PROGRESS
Why premine? Let me start by saying that the concept of a premine leaves a bit of a shadow over a project. We have to use one because in order for this concept to sustain itself, we need coins to be able to pay out to users. If we did not have a decent supply of our own coins, someone who had been mining the currency heavily could exchange their coins for hotel bookings which could potentially wipe us out financially. This issue is magnified even more if the value of the coin increases. The premine provides a buffer while starting out to sustain us through growing pains. Mining rewards are designed to be large at the beginning to offset the negative effects of the premine.
Do we really need yet another blockchain? We went back and forth over using our own blockchain or the token system via ethereum. We came to the conclusion that the ethereum platform is overworked at the moment and needs more opportunity to scale. By using our own chain we eliminate any future complications this may bring.
We believe bringing an easy way to use multiple forms of crypto to pay for hotels will be extremely beneficial to adoption and “normalization” of cryptocurrency as a whole. If you want to help us promote this vision, please contact us for info on our signature and social media campaign.
You can contact us via email at [email protected]. Our official phone number (US) is (571)-210-3345. Feel free to text any questions you may have.
Topic: [Ann] Sojourn, Travel without boundaries (new block explorer is up!) (Read 1352 times)