TripPad Launchpad

TripPad Travel & Tourism Launchpad is a fundraising platform designed for hotels seeking pre-season funding and other investment opportunities in the sector. With this platform, hotels and businesses can sell their own "funding tokens" to end-users via crowdfunding. The funds collected can be used to operate as tour operators, creating travel packages and services to attract guests.

To incentivize users to participate in crowdfunding, hotels and businesses will give back a percentage of their income obtained through the fund as an airdrop at regular intervals to the users who hold the funding tokens.

Users can deposit stablecoins to Launchpad's fundraising pools and join the fundraising round. Funding Token sales can be made with only stablecoins.

Investors deposit stablecoins and receive Funding Tokens in return for the relevant season. These Funding Tokens are functional throughout the respective season, but they have no value or function at the end of the season. For example, the $RIXOS2023 token has a lifespan of one year and cannot be traded after that time. After two years, they are burned. This method allows hotels to collect a fund in stablecoins during the fundraising round to cover their needs.

At the end of the season, hotels pay back the investments they have received to investors who hold Funding Tokens, along with an interest. Funding Token holders are determined by a snapshot taken one week before the payback date, and the stablecoins they deposited and the interest they earned are paid to them according to their Funding Token amount. These profits will be distributed as stablecoins. It's important to note that the profits may be subject to fluctuations depending on the performance of the hotels.