If you have been a frequent flyer, you must have observed that rewards and offers by airlines benefit a very small percentage of flyers. EAST2, a company with experience in the field, has come up with a reward program for flyers. In this article, we will be exploring this reward program and EDOS.
The program by EAST2 is based on blockchain and uses smart contracts to ensure privacy and safety. It is a comprehensive ecosystem which encompasses the needs of both, the buyers and the airlines. The reward model aims to increase the level of satisfaction amongst the buyers and to ensure that the buyers have a safe transaction. It also ensures that the airlines enjoy maximum profit and that maximum work is done by this program and not manually, which ensures quicker work.
Having discussed the about the program and the token sale, let us see the benefits it has to offer to both the travelers and the airlines.
Advantages for Travellers
- EDOS could be redeemed on any of the flights.
- The value of EDOS is non-inflationary since the supply is limited.
- The process of receiving and redeeming of EDOS is quick and hassle-free.
- The process of buying and selling EDOS does not have any restrictions.
- EDOS never expires.
Advantages for Airlines & Hotels/Travel Suppliers
- Lack of restrictions during redemption.
- The operating cost, as well as the time required for operation, is considerably reduced.
- The loyalty of flyers is increased.
- The process of redemption can be done any time since there are no blackout periods.
The company is also planning a token sale to raise money through EDOS token. It is also the same token which you will be receiving as a reward. It uses the Ethereum platform, which is both simple and safe. The total number of the token is estimated at 4 billion, of which 2.4 billion will be available for sale in three phases. The sale will have a hard cap of US $16 million and soft cap of US $2million. The unsold EDOS will be burnt. Since only 2.4 billion of the total 4 billion tokens are available for sale, the rest will be used for providing incentives to flyers, hotels/travel suppliers and airlines. A considerable percentage will be kept for the staff.
The sale will be live from April 1, 2019, and will continue till May 31, 2019. All those interested in purchasing EDOS tokens can visit the official website for more information.
This token offering is a good option for those planning to participate, as the value of the token is sure to rise owing to the success of the previous projects of the company. This token offering provides customers with a great degree of assurance regarding the stability of the value of the token.
After having discussed all the major parts, it is time that we rate the idea and the coin offering. Based on a customer’s perspective, this would be a given a rating of 9.7 on a scale of 10. It offers a large number of benefits to the airlines as well as the hotels/travel suppliers, so a rating of 9.5 on a scale of 10 would be justified.
Based on the ratings in the preceding paragraph, it can be concluded that this rewards program is going to be a hit amongst all, the flyer, airlines and the hotels. The sale will be live in a couple of days, read more about this initial coin offering on the official website and invest for maximum returns. The process is simple and does not consume a lot of time.
Learn More on https://east2.io/