A latest 2018 report by the World Travel and Tourism Council (WTTC) shows that the World Travel industry has increased a healthy 3.9% over last year. Overall, the hospitality sector is now worth more than $8.8 trillion according to latest estimations and employ a staggering 319 million people in its workforce. The sector has seen sustained growth over the last decade despite the global credit crunch. The travel industry is also gaining traction because of the social media popularity of the industry especially on Instagram and facebook. The industry is expected to post record numbers this year as well.
The BPC ecosystem will employ easy cryptocurrency payment integration and a digital arbitration system that is fair for both buyers and sellers.
The network that will be formed by the issue of the Backpacker Coin will propose platforms such mobile apps and payment processing, which will eventually work as an outstanding medium of exchange worldwide. Trading of the Backpacker coins will work flawlessly across all devices and apps.
Users can purchase the Backpacker Coin balance directly from cryptocurrency exchanges or from our internal platform. The BPC is acceptable in payment for all travel bookings and reservations. Merchants who receive the Backpacker Coin can sell their balance directly on exchanges and amass other digital coins in return.
Private keys and users’ control over them is an important feature of the cryptocurrency world. It allows users completely control over their coins and give users the ability to transact in any way they chose to. Only private keys are able to trigger transactions.
Contrary to some of the other stablecoin projects, there are no fixed fees within the Backpacker Coin ecosystem. The transaction cost is quite low overall and it is related to the size of the transaction requested by users just like on true cryptocurrency projects like Bitcoin itself.
The Backpacker Coin system gives out just rewards for the stakers for finding new blocks within the ecosystem. The BPC supply is designed to decrease gradually as well.
Mining is an important part of the overall Backpacker Coin ecosystem. Miners are users that dedicate computing resources or hold coins in place for securing and validating the transactions.
The Backpacker Coin project has a serious security focus for the users on the platform. It has industry standard security features that are implemented across the board of the entire blockchain-based platform.
The BackPacker Coin ecosystem will use the Smart Asset Blockchain of NEM blockchain for its core functionality. The functioning has specifically been developed by our expert team of engineers who have been working on the project since 2018.
Commencement with the Concept Generation Assembling the team with likeminded and hardworking people.
Proof of Concept Preparation of the Strategic plan Completion of the White paper.
Designing of the Platform and conducting Technical demonstration Building the MVP.
Raising the Public and Seed Funding.
In-house testing of functional Prototype published and linked to Blockchain with real time scanning.
Conducting the launch press tour Opening global sales of BackPacker Coin.
Paper wallet application Video marketing IOS mobile application.
Private closed beta Opening beta launched to public improving the app.
An all-new payment system that will allow retailers to accept Backpacker Coin, bitcoin and altcoins. User can use BPC for travelling.
Multi-cryptocurrency wallet with smart wallet technology to store all currencies in just one wallet and pay without converting them.
A P2P exchange for providing liquidity and multiple options for users around the Backpacker ecosystem.
SGP project will allow over 52 million retailers to get involved in cryptocurrencies without having to deal with any of the issues they may appear to pose.
You can use downloadable wallets in a decentralized way, managing your BPC. It’s a great way to keep your BPC safe, in order to receive and send payments with this cryptocurrency.