Review on Tratok by francis fernandez
Tratok: a digital currency that facilitates the provision of tourism and travel services
Tratok is a cryptocurrency that serves as an impulse mechanism to provide and monetize accommodation services, travel packages, vehicle rental and tourism activities; through the use of blockchain technology.
Tratok creates a platform that connects users of tourism services with tour operators, travel agencies, airlines, car rental companies, virtually and without restrictions or intermediaries. It is an ERC-20 token that operates on the Ethereum chain. Its use is limited to the reservation of travel and tourism services to make reservations.
The cryptocurrency has a total supply of 100,000,000,000 TRAT.
Utilities:
• Lower transaction fees.
• It allows to dispense with the intermediation of third parties in the hiring of tourist services.
• It is used to make reservations for travel and tourist services in a fast, virtual and secure way through the use of blockchain technology.
Technology:
The Tratok network, due to its relationship with Etherem, uses smart contract technology through the TRAT token type ERC-20. This allows the execution of operations under terms and conditions subscribed in a blockchain technology digital contract.
The use of smart contracts to manage travel and tourism packages is very useful; since rates, ticket prices, room prices and other elements can be set through an unalterable encrypted protocol and mandatory and equitable compliance.
Storage:
TRAT tokens can be guarded and managed in any wallet that supports ERC-20 tokens.
The TRAT token can also be exchanged in multiple exchanges due to its compatibility with the Ethereum network.
Pros
- It allows hiring tourist services without intermediaries.
- It reduces the costs of fees for operations.
- Allows you to hire travel and reservation services instantly
- It is a reliable and secure service purchase channel
Cons
- Low value of their digital currency
