Booking Token Unit Protocol is an open protocol is an open sourced protocol that is designed for a decentralized reservation. You can download the lightpaper on the website, I’ve never heard that term before, so I’m not sure what a lightpaper is.
The new platform is preparing to start its Pre-Sale ICO. And you can apply for it at the company website btu-protocol.com.
How Does Booking Token Unit Work?
The platform is designed to empower decentralized bookings. They do this through the use of a public inventory and an open protocol that will be used to effectively lower the cost of operations while at the same time making competition between a large number of market participants fair.
The protocol is used for implementing the BTU protocol and is extremely beneficial, being designed from a hybrid approach that will combine an on-chain smart contract as well as an off-chain software component that will be ideal for giving more scalability.
The fully standardized Booking Token Unit or BTU protocol involves an ERC-20 Standard Token known as the BTU Token. The token works in conjunction with their ERC-808 standard booking Smart Contract developed specifically for the platform.
You can learn more about all this by reading the whitepaper available on the platform’s homepage. The platform is a standardized building block for booking apps developed on the decentralized network to be interoperable.
What Is The ICO On Booking Token Unit?
The Booking Token Unit or BTU protocol is on an open decentralized ERC-808 Smart Contract-based system. It is used to help facilitate the reservation process in a more effective manner. The purpose is to make the process operate better between the providers, bookers, and other booking applications.
It will in turn incentivize the system, so that more developers take on projects within the system with the hopes of innovating it and the open sources within. The process will lead to better functioning, more user-friendly marketplaces.
Other than that information on the token, no ICO has been announced for the platform. There may be something seen soon enough, but as for now – their source of funding is unknown. Hopefully something will be setup soon for people who want to invest with the company.
Who Is Behind Booking Token Unit?
Vidal Chriqui is the inventor of ERC-808 Smart Contract and managing director for the platform. He has an extensive background in big data, and distribution systems. His work is what eventually guided him to his early work on Bitcoin and eventually Ethereum. He shows a lot of expertise in small micropayment channels, that is relatable to nearly every cryptocurrency on the market.
He was enthralled by Bitcoin and their vision of becoming a masterpiece of sorts in terms of computer architecture, while at the same time taking the economy into consideration and mixing technical marvel with it. His fascination for the cryptocurrency caused him to launch “Blockchain Revolution,” the first free French speaking video series based on Blockchains and Bitcoin. It was full of hours of information about the two topics, including interviews with industry experts. He’s a regular speaker at conferences about blockchain technology and cryptocurrency. He’s also been an advisor to several different successful ICOs and token sale, even writing whitepapers for several of them and the helping with the tokenomics design. Vidal is supported fully by Herve Hababou, president of the company and an experienced blockchain and cryptocurrency expert as well. You can learn more about him on the company website. He is also one of the smartest professionals in the blockchain industry.
Other than the two men mentioned above, there is a team of more than ten advisors, and even more strategic business partners which are simply other entities in the blockchain and cryptocurrency industry. To see a full roadmap of where the company intends to go, head to the company website and see it under the team and partners section.
Booking Token Unit Protocol In Conclusion
The platform is very real with a verified and experienced team. They are attempting to make the industry safer for all users, by improving the way their identities are protected. There is no ICO as of now, but it would be a smart idea to keep an eye on Booking Token Unit Protocol.