TrustaBit
Early Stage
Service Industry Social Platform
Overview
Raised: $17,081
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/26/2018
Close Date
10/23/2018
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$7,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2018
Days Remaining
Funded
% of Min. Goal
171%
% of Max. Goal
16%
Likelihood of Max
Funded
Avg. Daily Raise
$114
# of Investors
47
Momentum
Funded
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Location
Aliso Viejo, California
Industry
Travel and Hospitality
Tech Sector
TrustaBit is the new platform that wants to help you find a bit more trust when it comes to traveling. They plan to use blockchain technology to automatically issue vouchers to passengers when flights are delayed, overbooked, or cancelled. This way, they will “mobilize the traveling customer” while also helping travel brands achieve brand loyalty. TrustaBit will work directly with airlines to remove any burden from traveler. Once the flight is cancelled, TrustaBit’s smart contracts will be activated via blockchain and send an email with a voucher out to all impacted consumers. The customer’s frustrations are alleviated, the airline stays compliant, and everyone benefits. TrustaBit is currently in the seed phase. They have a prototype of the web application complete, and the blockchain network and tokens are currently pre-prototype. This campaign will help them complete their blockchain implementation.
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