Software solutions provider, Trustabit on Monday launched a token pre-sale to address the need for developing software that will allow airlines to distribute vouchers instantly to customers with delayed or cancelled flights, according to the company’s statement.
Trustabit CEO Saritta Hines stated, “So many airlines require customers to call a phone number and wait on hold just to get their vouchers, exacerbating their frustration at delayed or cancelled flights. Blockchain technology gives us another way of doing business – one that is better for the customer and the airline alike.”
Trustabit will allow airlines to set up their own smart contracts to control how and when vouchers are sent, and create branded notifications that will speed up and improve the overall customer experience, said the company’s statement.
The organization will compete against projects like fizzy and Flight Delay in the decentralized flight and other microinsurance space.
The Trustabit public token sale will have a minimum fundraising cap of USD 3 million and a hard cap of USD 49 million, and will accept contributions in ETH. One billion TAB tokens will be created for the sale events and any unsold tokens will be burned at its conclusion.
Trustabit’s presale runs from Feb 5 to 12, followed by a crowdsale from Feb 14 to Mar 15
To learn more about Trustabit and its token sale, visit https://trustabit.io/.
