ICO is coming: Pally — are they serious?
09/21/2017

Overview from the team kript.io


What is Pally: a decentralized social travel platform.
Project: Pally is a social network where travelers can pay locals to discover the most hidden and exotic spots around the world. It might be small theaters, some quirky bars, unique architectural places, whatever. You, as a local, will get free tokens for communication within the platform and meet-ups with travelers.

For the further development, the team will pay users if they bring new city guides to Pally. But...there is another plan though. They want to focus on youngsters and unemployed. As the crew says, 1 in 5 ppl aged 15 to 24 years in Europe doesn't work at all. And all these people might want to become the Pally guides.

They want to make the platform decentralized by the Q4 of 2017. The users will be able to make money and exchange PAL tokens by then.

Website:
pally.co

Analog:
Airbnb, Foursquare.

How they differ from the competitors:
as the founders say, there is no a satisfactory service where travelers can search for interesting places that only local people know about.

How they want to make money:
the commission for services.

Market size:
the turnover of online sales in the travel market — $564,9 billion. By 2020 it will be up to $817,2 billion.
What their token gives you: an internal currency.

Token price:
they launch a 4-week ICO. Every week the price will grow from $0,075 up to $0,1. The unsold tokens will be used for rewards within the platform.

How much they want to raise on ICO:
$5 million. They sold out 10 million tokens in 11 mins during the pre-ICO (around $250 thousand). 100 million tokens has been released in total.

Where the money will go:
60% — further development
20% — rewards
20% — reserve fund
Crew: most of the team members don't have a background working in the tourism industry. No company name, LinkedIn links, nothing. But as they say, they travel a lot; it should make sense then. Among the advisors are the former workers for Bank of America, Amazon, and Uber.

Free tokens:
you can get them for translations, adds, articles, and videos about the project. Feel free.

Project status: a beta version is available on the App Store. There are 25 thousand users already, as the developers estimate.

Communication:
twitter, facebook, telegram, bitcointalk

Date of ICO:
15th October — 13th November.

Information on the landing page:
★★★☆☆
Disadvantages: they finished the pre-ICO, but still there are no technical docs about the project. Same goes for the social links of the crew and the info about their budget. All in all, it seems like they are too superficial.
How clear is the project: ★★★☆☆

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