Review on Atlas Token by gregori cordova
ATLAS intended to create a vibrant tourism global ecosystem but failed in the attempt
There are many ways or stages in which a Project can fail, something that can even happen in its ICO phase. Many currencies die in this phase, due to little receptivity, The absence of a virtual wallet, being delisted from the main Exchange or having a very little tentative website for investors. These are synonymous with a dead cryptocurrency or a potential scam.
ATLAS was a project whose main objective was to solve the serious monopolization problem that exists in the international tourism industry through a decentralized platform that connects all the companies in the travel industry and will reward users for making reviews of different places. such as hotels, restaurants, museums, cruise ships, airlines, etc.
Their reward system was intended to offer:
Payments in the cryptocurrency Atlas for content creators and Smart contracts on the platform
Venues-to users reward, in which businesses or companies in the tourism area offer payments to users who create content about their places, regardless of whether they were positive or not, all this under a system of smart contracts
They wanted to have an open API dapp and access for all with a powerful incentive scheme
Companies were encouraged to offer vouchers, or discount coupons on the platform, such as room upgrades, free drinks or meals etc, to attract more public.
They will accept payment in Fiat currency and will convert it into ATLAS with a cashback of 5%
Although this project seemed to offer great solutions for the tourism industry, it never gained much relevance, and since the end of last year nothing is known about it.
Pros
- they really had a very good purpose, which offered many solutions to encourage tourism worldwide
Cons
- there is no movement of this cryptocurrency currently in any exchange
- Most of the developers mentioned on their Medium social network cannot be traced
- Although in their roadmap they said to be backed by a stellar investor base that includes Chinese tech giant Tencent, Matrix and Prometheus Capital, etc., it seems that it is just false data to attract more investors.
- their social networks do not show any updates since the end of 2019,
- a lot of inflated data because they claimed to have a lot of support from successful companies and this is not reflected in reality
