Dec 20, 2018
PDT Protocols provide developers the foundation to build decentralized applications (Dapps). Our Protocols are open source solutions for managing secure Booking/Payments. Global hotel industry total retail value in (2018)- 554.64bn/USD. High Token Liquidity. Accepted by The Largest Hotel Chains in the World and more.Direct booking on the host website. No Middlemen. 0% Commission. No centralized reservation platform. The more PDT you have, the longer your holidays will be .
Paradise Token is released under the terms of the MIT license. See for more info on https://opensource.org/licenses/MIT.
Is standard ERC20 utility token on ethereum blockchain executed by Smart Contract and Dapps on PDT Protocol. PARADISE TOKEN is a Direct Global Hotel Booking Powered by Dapps. No Middlemen. 0% Commission. No Advertising Fees. Use Paradise Token to go on an annual holiday and travel around the world. The liquidity of the PDT will be maintained by integration with the exchange market and continuous work on the value of the product. We have >120.000 hotels plus restaurants and any kind of entertainment.You simply will be able to use our country list or the Largest Hotel Chains and make a booking. Pay for the holidays using Paradise Token. No third party, no commission. Direct booking on the hotels website. We are part of Intercontex Group. Our partners are the biggest group hotels in the world. (Hilton,Marriott,Wyndham,IHG,Jumeirah,Kempinski,Loews Hotels,RIU Hotels,Tokyu Hotels,Langham Hospitality Group and more).
The total amount of PDT is 300 million. No more increase.210 million PDT, will be presented to the Paradise Token Investors for the long-term Paradise Token ECOSYSTEM support.The rest 90 million will be automatically transferred to the community rewards pool, team and advisors.
“Paradise” embraces blockchain technology to open a decentralized direct booking in the travel and tourism sector. Peer-to-peer economy applications, typified by Expedia, Tripadvisor, Booking.com, and Priceline have achieved great success in the past few years. However, these platforms charge high commission fees, advertising fees and also payment processing fees from their users in order to run. Huge growth is only enjoyed by a select few VCs and the founders. No interest in the company, very little, if any, of the appreciation value goes back to the guests and hosts. Thanks to Ethereum smart contracts, it is now possible to build a truly decentralized and automated sharing economy platform. This will be done with no middlemen, 0% fees for advertising, 0% commission fees and by sharing the wealth with the users in a two-sided marketplace. The Paradise vast connection with the biggest hotel chains in the world will be only huge benefit to users.
The Paradise Dapp and the Paradise Protocols are powered by the ERC‐20 utility token called the Paradise token. These protocols provide the Paradisenetwork with three principle systems:
1. A Payment/security protocolA Payment/security protocol allows two authenticated P2P entities to send andreceive money that gets held in Paradise Tokens until after a successfulexchange of services between the two entities. With the help of the Ethereumblockchain, we are able to make payments with only 1 step and 1 fee (1.2 %Transaction Fees ‐ (0.2 % will back to “Pool Smart Contract. After a writingreview by the guest 0.2% will back to him), which results in acceptingpayments generally up to 5X cheaper and up to x10000 faster for the host.After simple integration with “Paradise”, host will be able to: use ourdecentralized trust and reputation system, accept Ethereum based tokens or,accept mobile payments, and easily convert cryptocurrency to their local fiatcurrency or desire cryptocurrency.1% commission for BTC, ETH (other utilityERC20 tokens).This commission is charged for guests when they chose a pay‐inmethod other than PDT, and for hosts who prefer to get paid‐out in other thanPDT.
2. A Trust/Claim protocolDefault trust rates will be created for both host and guest using the Paradiseecosystem for the first time. Every time a transaction is made, claim registered,solved or unsolved etc. the smart contract will automatically change the trustlevel for each of the parties involved. A Trust rating will be assigned to aspecific wallet address. Everyone will be able to see a trust rate in the mostcommon and typical places, such as the host's website or mobile app and bythe host/guest on the blockchain user‐friendly interface (Enable access tothese dApps from desktop browser and Smartphone’s ) once the purchase ismade. /Claim. Once the client makes the claim, all the needed information is saved onthe blockchain user‐friendly interface (Enable access to these dApps fromdesktop browser and Smartphone’s).The claim protocol acts as a third party fordispute resolution. The host trust rating is immediately decreased, so the hostis incentivized to solve the problem as quickly as possible. The host receivesthe notification about the claim, looks at the details and contacts the client off‐chain. The details are saved to the blockchain. Once the claim is resolved, trustrating is increased for both parties instantly.
3. A Reputation protocolA decentralized reputation system will working flawlessly by a trusted digitalfingerprint protocol on the Ethereum blockchain. Reputation system will betransparent, universal, not controlled by a central authority, transferable, self‐executing. Every time a transaction is made, the smart contract willautomatically change the reputation level for each of the parties involved.Paradise updates the reputation score based on how guests and hostsbehaviour on the platform. Good hosts with no cancellations and high reviewshave higher scores than those with lower reviews and many cancellations.Our target is to offer transparency into our token metrics ,expansion andfuture roadmap of development.PURPOSE OF DESIGN PARADISE PROTOCOLSThe biggest hotel groups on the world and others can hook into our protocolsto tokenize their offerings ‐giving them access to unlimited market of crypto‐travel enthusiasts.
Attention. There is a risk that unverified members are not actually members of the team
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