Aruba to use blockchain against travel monopolies

Aruba has partnered with Winding Tree to explore blockchain and keep tourism revenue from world travel companies
04 December 2017   1393

Aruba is a tiny Dutch Caribbean island off the coast of Venezuela which is largely dependent on tourism. But with the travel industry dominated by the companies like Expedia and Priceline - a significant amount of Aruba's tourism revenue gets shipped offshore.

The ATECH Foundation, the organization responsible for fostering the island's technical development, is looking for a way to solve the problem by working with Swiss startup Winding Tree on a blockchain marketplace for travel booking. The ATECH Foundation intends to use Winding Tree's platform, built on ethereum's public blockchain, to connect tourists directly with travel suppliers without all the middlemen.

However, It is not the first blockchain project of Aruba. Now the island is exploring its own digital fiat with cryptocurrency startup Bitt, and Aruba’s Central Bank believes this could boost the island’s GDP.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   432

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.