Pally ICO

Store which connects travellers with like-minded locals in new cities, and Pally Adventures, a community marketplace where visitors can immerse themselves in new cities through unique experiences curated by local hosts.

Pally
ICO Status: Running
20 d : 3 h : 31 m : 58 s


http://www.pally.co/
ICO: Pally – Decentralised Social Travel
4.6 (92.5%) 8 votes


Concept:
To satisfy the desire of millennials in a rapidly growing youth travel
market, Pally has built a community marketplace and ecosystem. The
platform allows access to experiences that are typically unavailable
to people when they are outside their city of residence, provided by
local experience hosts who know the given city inside-out. The Pally
ecosystem is encompassed by Pally Social, an iOS application that has
been available in the Apple App Store since April 2017 in public beta
and Pally Adventures, a community marketplace where visitors can
immerse themselves in new cities through experiences hosted by locals.
Pally Adventures is a Progressive Web Application that currently is
rolled out in beta in London, UK.


Whitepaper:
Get more information
Venture

Raised Capital:
1 seed round has previously been raised at a £2.5 million valuation.

Venture Round:
Round 1 Venture Round
ICO Pre Sale: $250,000

Price
The Pally ICO pre-sale round will have 10 million PAL tokens for sale. The cap
will be at $250,000 with the price per 1 PAL being $0.025.

The pre-sale will be available for 21 days from August 25 2017 or
until the cap is reached.

Proceedings will go towards further development of Pally's
decentralised applications and global marketing ahead of the ICO

Our official ICO round will have 50 million PAL tokens for sale, with
the cap for the ICO having been set to $3,750,000. The price-points
through the coin offering will be:

Week 1: 1 PAL = $0.075

Week 2: 1 PAL = $0.080

Week 3: 1 PAL = $0.090

Week 4: 1 PAL = $0.100

The ICO Token Launch will be available for 28 days in October and
November 2017 or until the cap is reached.
ICO token Distribution:
10% pre sale

50% ICO

20% Pally Reserve Fund to inject to economy incrementally to users

20% Development team and stakeholders
Mining

Bancor
Supply:
100 million PAL Tokens


PallyCoin will be available to acquire through the major
crypto exchanges after our ICO.
Usage:

- Within the Pally ecosystem to pay for experiences

- To motivate locals to use. They can earn PallyCoins through
engagement with other users which they can then themselves use on the
platform

- Host acquisition through Miners who will be paid in PallyCoin

- 6 month Super Pally Host rewards to the most active and (by
the community) highest rated hosts
Competitors

ICO-Competitors
Currently, no other travel experience start ups employing blockchain
technology.

Centralised competitors: Airbnb Experiences, Couchsurfing, Vayable

Why a decentralised model is better:

* They take a large cut of every transaction, which in turn results
in much higher end-user prices, meaning that the margins benefit a
third party who does not play a direct role in the experience.

* There is tight control on the supply and pricing of their
experiences in order to sustain high revenues. This model incentivises
expensive and provider-centric city experiences as opposed to
affordable experiences that focus on quality and on the community.

* There is no incentive and no direct involvement for the user base

and the public to help improve the platform.
Initial Coin Offering

Initial Coin Offering Bancor
ICO Launch:
Pre sale start: August 25th

ICO start: October 15th


ICO Finish:
Pre sale end: September 15th

ICO: November 13th


ICO Tradable on Exchanges since:
still not tradable

Platform: Ethereum
Offices/Locations

Offices and Locations of RootProject
Notting Hill, London, United Kingdom

Team behind Pally

Oliver Andersen

Oliver Andersen

Co-Founder and CEO

With years of FinTech, digitalisation and technology consulting experience as well as an academic background in Behaviourism and Information Technology at world leading universities, he brings a determined mindset, a hard-working attitude and a multicultural understanding to Pally.

Afiola Etomi

Afiola Etomi

Co-Founder and COO

Over the last two years, Afiola has delivered multi-million pound innovation projects leveraging cloud solutions at various large companies. After leaving Durham University, he worked in business development for an Impact Investment start-up in West Africa, raising over $2M in crowd and equity funding.

Dario Ceccoli

Dario Ceccoli

CTO

Dario oversees Pally’s product development and software engineering. His 17 years of programming experience have taken him from public sector programming roles in Italy to Android mobile development in Japan.

Social stats from Pally

Share This

Be the first to know!

Knowledge is power!

Signup today for free to our Newsletter and be the first one to get notified on new Breaking Cryptocurrency Guides and ICOs!

You have Successfully Subscribed!

Inline
Inline