About Triffic

> Triffic is a new way for businesses and services to take advantage of augmented reality and blockchain technology to create and manage innovative and immersive customer loyalty programs. For users, Triffic is an elegant solution that makes earning funds as easy as travelling about. Users earn loyalty points called ‘GPS Tokens’ by performing actions such as travelling to a location, redeeming vouchers, selling items or booking a hotel or taxi. Business owners, using augmented reality beacons, have a revolutionary way to promote their services or sell their products to truly local clientele in a way that is much more engaging than existing methods like Google AdWords. We intend to use 50% of our monthly advertising profits to purchase GPS Tokens off the open market. In turn, 85% of these tokens will be distributed to all GPS Token holders who have a wallet balance of 1000 GPS Tokens or more. The other 15% will be burnt, and thus removed from general circulation.

Features

Triffic is a gamified GPS app that puts blockchain on the map! Unlike most blockchain-based businesses, which are highly niche and relevant only to certain demographics, Triffic can be used by anybody who needs to travel. This can be a quick walk to the shops or a journey of many hundreds of miles.

BENEFITS TO USERS

·         Earn GPS Token loyalty points

·         Exchange GPS Tokens for Bitcoin, Ethereum or any other cryptocurrency

·         Exchange GPS Tokens for physical products

·         Easily book hotels and taxis

 

BENEFITS TO BUSINESS OWNERS

·         Create loyalty reward vouchers that offer discounts for their products and services

·         Automatically promote services to anybody within a defined radius of their business premises

·         Redeem and track vouchers and measure the effectiveness of their campaigns

 

Every month, 50% of the advertising revenue earned from Fuel is used to purchase GPS Tokens at the market rate. Wallet addresses that have over 1000 GPS Tokens receive these tokens at random intervals during the month in proportion to the number of GPS Tokens that they own. For example, somebody who owned 1,000,000 out of 100,000,000 of the circulating GPS Tokens would receive 1% of the total amount of purchased GPS Tokens.

Technical Info

GPS Tokens are what makes the Triffic ecosystem tick. Because they are blockchain-based, all transactions are transparent. We chose the Ardor blockchain as its parent/child chain structure is less likely to lead to blockchain bloat than Ethereum alternatives. In fact, Ethereum will be copying Ardor’s parent/child chain fundamentals in its forthcoming ‘Plasma’ update - which currently has no scheduled launch date.

Unlike the majority of ICOs which derive their value only from an external asset, GPS Tokens are used to power the Triffic economy and are therefore akin to utility tokens. A good comparison would be ‘Linden Dollars’ in the game ‘Second Life’. Whilst it is possible to exchange these into Bitcoin using a site called Virwox, the tokens are also defined as utilities.

GPS Token holders who have over 1000 tokens in their wallets will directly share in the success of the Triffic ecosystem by receiving additional GPS Tokens as revenue-sharing payments at random points during the month. We intend to use 50% of our monthly advertising profits to purchase GPS Tokens. In turn, 85% of these tokens will be distributed to all GPS Token holders who have a wallet balance of 1000 GPS Tokens or more. The other 15% of these tokens will be burnt, and thus removed from circulation.

Triffic Roadmap

 

  • Q3 2016

  • Triffic concept created.
    Initial mock-ups and app flow.

  • Q4 2016

  • Marketing and industry research.
    Affiliate deals with Booking.com and Uber.

  • Q1 2017

  • Initial interface designs created in Sketch.

  • Q2 2017

  • Booking.com API fully integrated.
    Business promoter added.

  • Q3 2017

  • Advertising deals signed with Vungle, Ironsource and UnityAds.
    iOS version made available to alpha testers.

  • Q4 2017

  • Data-mining begins to complement marketing efforts.
    Expansion of core team.

  • Q1 2018

  • Ardor launched onto main net.
    1,000,000,000 GPS Tokens created under Ignis child-chain.

  • Q2 2018

  • User feedback and UI changes.
    Facebook and Twitter integration.
    Tokens offered to larger investors.

  • Q3 2018

  • End of public sale of GPS Tokens.
    iOS version available to beta testers.
    Public sale of GPS Tokens to eligible ICO participants.

  • Q4 2018

  • iOS and Android versions of Triffic launched in Australia.
    Work begins on the Triffic child-chain.
    Android development begins.

  • Q1 2019

  • iOS and Android Triffic launched across all English app stores.
    Work begins on integrating the Triffic child-chain.

  • Q2 2019

  • Holders of the GPS Asset Token have their coins replaced with the new GPS child-chain Token at the rate of 1:1.

  • Q3 2019

  • New version of the Triffic app is launched which uses GPS child-chain GPS Tokens throughout the app (marketplace, vouchers etc.).

  • Q4 2019

  • Work begins on internationalization of Triffic interface.

  • Q1 2020

  • Triffic launched in all Spanish-speaking countries.
    Triffic launched in all Chinese-speaking countries.

  • Q2 2020

  • Triffic launched in all countries.

  • Q3 2020

  • Marketing to build up the international userbase.
    Work begins on extending the Triffic child-chain for the implementation of new currencies at a local level.

  • Q4 2020

  • Sales efforts to create partnerships with people and companies who want to utilize the Triffic platform.
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