There is a new form of digital currency out on the market today called XCEL TOKEN. They are the first of their kind utility token. What makes them classified as a utility token. Because they can be exchanged for services. Services within the platform there were designed for. The platform that they were designed for. Is Xceltrip a decentralized travel eco-system.
What Are XCEL TOKEN PLUS?
The Xcel Tokens are nothing more than a form of digital currency. But what makes it differ from a lot of the other forms of digital currency. Is that it’s a “utility token”. What that means is they can be exchanged for services. Like being used within Xceltrip to pay for airline tickets, hotels, restaurants, bars, and spas. because it was specifically designed to be used within the hospitality and tourism industry.
And when travelers pay with Xcel Tokens. They can get a discount. When booking with certain Xceltrip’s partner providers.
There is a mobile app for iOS and Andriod that the Xcel Token team has already launched. This app is called Xceltrip. Because the app was designed to be a full-service online travel platform. With this travel platform, you can book accommodations, buy flights, and secure rides. All through on convenient mobile app and right on your smartphone.
Of course, there are more than enough “online travel agencies”. Or (OTA) platforms that are available today. And sure they all claim to be your one-stop online travel agency. So you may ask why Xceltrip then? Well, Xceltrip believes there are serval major problems within the travel agencies. And with the use of Xcel Tokens. Because they plan on solving these major problems. Using this digital currency and blockchain technology.
What Problems Does Xcel Token PLUS Plan On Solving?
Because there are several major problems within the online travel industry. Xceltrips Xcel Tokens plan on solving these problems. Here are a few of those problems mentioned they plan to solve.
Too many intermediaries:
These intermediaries create several layers. Layers that lay between the consumer and travel service companies. What these layers cause is added expenses for the consumer. Because they need to pay the expense for aggregator platforms. As well as the online travel agencies and the payment gateway providers as a few examples. Therefore all these unnecessary expenses us as consumers must pay. Ultimately Consumers end up paying more. While in turn the service providers get paid less.
Lack of efficiency:
Today’s online travel agency models run very inefficiently because of the way they operate. Because all these layers increase the time and cost of providing services to consumers. In addition to every layer has the chance of creating errors. Making for an unenjoyable travel experience.
How Does Xcel Token Plus Work?
Xcel Tokens are the preferred digital currency for use within an online travel ecosystem called Xceltrip. You are able to access Xceltrip’s online travel ecosystem. Through the mobile app for iOS and Andriod.
Therefore the Xcel Token teams goal is to make travel services decentralized. They will accomplish this by empowering travel partners. Such as hotels and consumers. And pass down the savings. From the elimination of the middlemen to their partners. Because Xcel Token will allow travel and hospitality services. To be able to interact directly with travelers. This through the Xceltrip mobile app.
Because the Xcel Tokens and Xceltrip are built on blockchain technology. You may ask “how does blockchain technology fit into all this”?. The Xceltrip plans to protect the user’s information with blockchain technology. The Xcel Token will also be built on blockchain technology. But it is not totally clear yet on how it will use blockchain. GO HERE to learn more about blockchain technology.
Therefore with all that said Xcel Tokens see themselves as an “earning-added” model. Versus the “cost-added” model. What that means is Xcel Token is an earning-added model. Because the user has the opportunity to earn more money. Instead of the Cost-added model which today’s (OTA)s work on. That means there is no potential for added income. They just increase fees and costs straight across the board.
Some of the key participants in the Xcel Token Plus ecosystem include:
- Accommodation providers (hotels and smaller providers like AirBnB hosts)
- Airlines
- User-owned rental vehicles
- Restaurants
- Malls
- Tour operators and other travel service providers
The users listed above will be able to interact with travelers. Because this will be done through a booking engine. The engine was designed to be free and decentralized. However, vendors will have access to additional services. Such as payment systems, prepaid vouchers, travel insurance, and more. This with some added fees associated with them.
About XcelTrip’s XcelToken Plus ICO
There will be a maximum supply of XcelTokens. Because the maximum or cap is set at 50 billion Xcel Tokens. The price was fixed at $0.11 USD per Xcel Token.
Because there is a set distribution of where these tokens will go. Here is how they are to be distributed. 10% will go to the general public for sale. Of the remaining, 15% is allocated to the Xcel Token team. 10% to the foundation, 5% to the loyalty program. 10% in a reserve fund and 50% into a public escrow fund.
The public escrow fund will be used to build partnerships with various travel service providers.
How Does Xcel Token Plus Work?
The Xcel tokens or XCEL will be used for all transactions. On the Xcel Token platform. Here are some of the specific uses.
- The consumers can receive discounts on various travel services. Because you paid with XCEL tokens.
- For the first 100,000 transactions. Consumers will be rewarded at the rate of 1 XCEL token. Per $1 USD spent on the platform.
- As an (IMP) Independent market provider you will be paid in the Xcel Token. Because this is to increase the circulation of the token.
- As a Vendor, you can also spend Xcel tokens for additional services. This within the Xceltrips platform. Such as paid priority listings and search results.
The Faces Behind XcelTrip XcelToken Plus?
The concept for Xcel Token and the Xceltrip ecosystem was formed in November 2015. The product was developed throughout 2017, with the iOS and Android app launching in November 2017.
Xcel Token was founded by Hob Khadka (Founder and CEO), a bitcoin evangelist and serial entrepreneur based in Silicon Valley, California.
The company was co-founded by Jaimini (Jai) Dwivedi (Co-Founder and COO), an accountant and ISO-certified MIS internal auditor who has been involved in international business development for the past two decades. Dwivedi has been based in Thailand since 1982. Jaimini co-founded the company with Roger Adhikhari (Co-Founder and CFO), an entrepreneur with 25+ years of business management experience, including consulting work for United Airlines, Cisco, and Hewlett Packard.
Xcel Token’s global headquarters are in San Jose, California, where the company is registered under the name XcelTrip LLC. The company also has its Asian headquarters in Singapore.
XcelTrip’s XcelToken ICO Conclusion
Because the goal which Xcel Token and Xceltrip are striving to achieve. Is to totally disrupt the online travel industry. By launching the Xcel token a digital token. That was designed just for the businesses serving this space. Because they want to offer superior service. While also offering lower costs. Lower than the cost of the traditional online travel industries.
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