Trip Leverage announces an ILO scheduled to be launched on Unicrypt on 23rd August. The platform wants to make good on its plans to go crypto. This ILO is merely the first step in the company’s long-term plan to merge crypto into its services.
For almost a year now, TripLeverage has been a good business advisor for small businesses, helping them vastly reduce their costs. TripLeverage has been offering travel advisory services, generally offering stress-free planning of business trips.
It is not ordinarily easy for small and mid-sized businesses to plan the trips since there are massive costs involved, and the workforce is always lacking. TripLeverage brings everything in one place, and the expenses also come in a single receipt.
According to their whitepaper, one of the primary reasons for going crypto is benefiting from the excellence of blockchain technology. As such, TripLeverage introduces a token TLT based on the Binance smart chain.
Understanding The Tripleverage Deflationary Token
The TripLeverage token (TLT) powers the activities of the TripLeverage network. This token comes to disrupt the market by providing the best stress-free trip experience for the traveler.
Now, the TLT is a deflationary token, thanks to the buyback and burn policies that the network instilled. 100% of the net revenue generated by the platform’s business operations will help purchase back the TLT tokens from circulation. By purchasing the tokens, the network will be reducing the number of tokens in circulation.
Additionally, in every transaction, 10% will be the transaction tax(fee). The tax/fee will serve the following purposes;
- 1% of the total transaction will also help in buying back BBT for burning.
- Reflection to TLT holders is 3%
- Salary for the team 1%
- Project marketing 1%
- Token burn 2%
- Liquidity pool 2%
However, the total minted TLT will remain the same; there will be no more issuance or minting of TLT after the ILO. After the ILO, the total market cap will be in circulation, and the buyback and burning principles will resume. The burning will continue until 99% of the TLT tokens are erased.
Bitbook Incubation
Bitbook is the incubator of the Tripleverage network. It funds most of the early rounds of the project. The presence of a partner like Bitbook makes investors trust the project even more and be ready to invest.
Participate in the Upcoming ILO
The Trip Leverage network will be holding the ILO starting next week on the Unicrypt network. The platform aims to sell all of its tokens during the ILO. 50% of the funds raised in this round will go to a Unicrypt liquidity lock for 11 months.
The platform targets a 600 BNB soft cap and 3450 BNB hard cap. At the presale, 23050 TLT will be equal to 1 BNB. A single wallet will only be allowed to own a max of 10 BNB worth of the TLT tokens. After the ILO, the network will list the tokens in exchanges at the presale price.
Investors, travelers, and anyone else, you are invited to participate in the presale and be part of the upcoming disruption in the travel industry. You can also join their Telegram community and receive all the updates as they unfold.
