PARADISE TOKEN

The Paradise Dapp and the Paradise Protocols are powered by the ERC‐20 utility token called the Paradise token. These protocols provide the Paradise
network with three principle systems:

PARADISE PROTOCOLS

1. A Payment/security protocol
A Payment/security protocol allows two authenticated P2P entities to send and
receive money that gets held in Paradise Tokens until after a successful
exchange of services between the two entities. With the help of the Ethereum
blockchain, 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 writing
review by the guest 0.2% will back to him), which results in accepting
payments generally up to 5X cheaper and up to x10000 faster for the host.
After simple integration with “Paradise”, host will be able to: use our
decentralized trust and reputation system, accept Ethereum based tokens or,
accept mobile payments, and easily convert cryptocurrency to their local fiat
currency or desire cryptocurrency.1% commission for BTC, ETH (other utility
ERC20 tokens).This commission is charged for guests when they chose a pay‐in
method other than PDT, and for hosts who prefer to get paid‐out in other than
PDT.

2. A Trust/Claim protocol
Default trust rates will be created for both host and guest using the Paradise
ecosystem for the first time. Every time a transaction is made, claim registered,
solved or unsolved etc. the smart contract will automatically change the trust
level for each of the parties involved. A Trust rating will be assigned to a
specific wallet address. Everyone will be able to see a trust rate in the most
common and typical places, such as the host's website or mobile app and by
the host/guest on the blockchain user‐friendly interface (Enable access to
these dApps from desktop browser and Smartphone’s ) once the purchase is
made.
/Claim. Once the client makes the claim, all the needed information is saved on
the blockchain user‐friendly interface (Enable access to these dApps from
desktop browser and Smartphone’s).The claim protocol acts as a third party for
dispute resolution. The host trust rating is immediately decreased, so the host
is incentivized to solve the problem as quickly as possible. The host receives
the 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, trust
rating is increased for both parties instantly.

3. A Reputation protocol
A decentralized reputation system will working flawlessly by a trusted digital
fingerprint protocol on the Ethereum blockchain. Reputation system will be
transparent, universal, not controlled by a central authority, transferable, self‐
executing. Every time a transaction is made, the smart contract will
automatically change the reputation level for each of the parties involved.
Paradise updates the reputation score based on how guests and hosts
behaviour on the platform. Good hosts with no cancellations and high reviews
have higher scores than those with lower reviews and many cancellations.
Our target is to offer transparency into our token metrics ,expansion and
future roadmap of development.
PURPOSE OF DESIGN PARADISE PROTOCOLS
The biggest hotel groups on the world and others can hook into our protocols
to tokenize their offerings ‐giving them access to unlimited market of crypto‐
travel enthusiasts.