Road Town, Tortola ----The future of digital
payment processing is just days away as Blocnation prepares for the launch the
world's first decentralized Initial Coin Offering (dICO) on May 3. Operating on
its own blockchain built with the Komodo Platform, the Blocnation token (BNTN)
will be used to unlock cryptocurrency-payment capabilities across PouchNATION
events and venues and provide payment solutions for those unserved by
traditional finance.
PouchNATION is Southeast
Asia's leading cashless payment system, organizing digital payments for events
up to 150,000 people. With offices across six countries in the region,
PouchNATION is the exclusive roll-out partner of Blocnation, allowing rapid
adoption across their extensive ecosystem of events and venues. Starting with
the lifestyle industry, the Blocnation app will enable users to hold altcoins,
acquire event tickets, book stay at venues, top-up online, and get post
cash-back and more. The rollout of this technology across a three-phase plan
will eventually put the power of the BNTN Token in the hands of anyone with a
smartphone.
Blocnation is
uniquely positioned to capitalize on this exciting market:
? Blockchain's business value-add will grow to $176 billion by 2025;
? Projections put the Gross Transaction Volume (GTV) in the lifestyle industry
at $150 - $220 billion by 2022;
? Southeast Asia's internet economy is estimated at $50 billion and expected to
climb 300% in 2025; and
? Consumers in Southeast Asia spend more time on their mobile internet than any
other market with an average of 3.6 hours per day.
The partnership between Blocnation and Komodo provides a number of benefits for
users including complete anonymity for purchasers, robust security protocols
resistant to vulnerabilities faced by other platforms and multi-coin storage in
its cryptocurrency lifestyle payment app. The platform also supports atomic and
etomic swaps allowing seamless trades between coins that are based on both the
Bitcoin protocol and tokens based on the Ethereum protocol.
The excitement behind Blocnation continues to grow with new partnerships
forming quickly. VBH Hostels are extremely excited to be a major supporter of
BlocNation. Our customers love the freedom that cashless payment offers. They
can party, thrill seek and chill without having to worry about fiat! Blocnation
will be a new payment option for guests to purchase accommodation, food,
beverages and tours. Our customers will be early adopters of Blocnation Tokens
and here is why!!!
1. Average age - 26 years old. 90% of our customers are 20 ? 29 years old.
2. They are mostly educated and tech savvy
3. They love innovation and value ? BlocNation offers both!
Our customers:
1. We accommodate 800 ? 1000 guests per night
2. The average stay is 3 nights
3. That is 27,000 bed nights/month with around 9,000 different customers/month
staying in our hostels and enjoying our hospitality and tours
4. Most of our customers come from Europe, US, Canada and Australia and we are
experiencing growth from Malaysia, China, India and Indonesia.
"VBH hostels have set the benchmark in the Backpacker business in Vietnam.
We believe providing our customers with the opportunity to pay in Blocnation
Tokens strengthens our position as one of the world's leading Backpacker hostel
chains. We offer quality products and unique experiences and our partnership
with Blocnation amplifies this Vision." ? Matt Francis, Vietnam
Backpackers Hostels
Real world application
Unlike many other digital currencies that still only have theoretical future
applications, the Blocnation Token (BNTN) will fuel PouchNATION's cashless
payment systems. PouchNATION's network of events, venues, and festivals across
Southeast Asia will use BNTN as the standard digital currency. Through the use
of NFC technology and a closed loop payment solution, users will benefit from
secure, instantaneous transactions whilst organizers and venues save on
transaction fees.
"We are excited to be working with Komodo as their first Premier Partner
on the world's first ever dICO", said Blocnation CEO Graeme Perkins.
"Together we are ushering in a new era of secure and borderless
cryptocurrency payment options where Blocnation can leverage the technological
innovation provided by the Komodo Platform and the market position of
PouchNATION for rapid adoption across Southeast Asia and beyond."
Both the Blocnation and Komodo teams are committed to creating a new standard
in digital payments and this is the first of many steps toward towards total
"financial inclusion". For the millions attending and organizing
events and those unserved by traditional finance systems, the future is looking
bright.
Blocnation's dICO will begin CET +7 on May 3, 2018, and the BNTN Token will be
available for purchase via the website, blocnation.io. For further information
and greater detail, the white paper can be downloaded from the blocnation
website.
For further information, please contact us at social@blocnation.io
https://blocnation.io/
https://www.instagram.com/pouchnation/