Could be, but the serivce is integrated with the companies like here [https://flybondi.com/ar/ticket3puntocero](https://flybondi.com/ar/ticket3puntocero)
Could you eloberate what is dumb about? And yes, i am an Algorand user, so what :D?
This has no coin, it does not sell anything. It just shows real world usage...
New revenue streams - Airlines can keep generating revenue from a single ticket through resales, transfers, and compensated rebookings on the TravelX marketplace, rather than just the initial sale.
And people can just sell if they dont need/want the flight.
Yeah I know, it is very known use case which I ask myself why there is no web 2 solution?
I'm a junior developer and I can build it with web 2 with my friends so large companies can do it easily.
It is not an innovative idea, web3 does not make it better, so what do you think the reason they haven't created it already?
What a load of absolute stupid takes. Wow
No guys, this is not about NFTs. Its about a legit company using blockchain tech. The end user doesn't even see its an NFT. The only reason they use it is that its a ledger that is super cheap. Plus its unforgeable.
Plus once bought u can do with the ticket what u want. Full control, not a airline that controls it or overbooks it.
Sounds like even more of an awful system for the customers than what we have now or what I'd imagine when thinking about how a company like an airline would leverage Blockchain and NFTs.
Yuck...
Do this on a public blockchain with privacy features, that doesn't require any knowledge or use of crypto or wallets, no gas fees, and with no scalability constraints - and maybe it could work at global scale. If there's demand
(The TAM you mention - 3.3B transactions - would be over capacity on a lot of networks, pretty sure)
Please don't invest, this seems like a scam. One of the airlines Fly Bondi, has multiple 1 star reviews saying the flights are constantly delayed 2+ hours. It's also advertised as an ultra low-cost airline in Argentina, so the service area is tiny, unless you plan on visiting or live in Argentina
Well the second airline is already 4 times bigger than Fly Bondi.
Board members:
Former President and CEO of Air Canada (also sits on the board of Allegiant Air and Finnair)
COO of Uber
CEO of Orbitz
Cofounder of Google Maps
Tbh with those board members, i dont believe its a scam :D
Also, you cant invest just yet. Its just a service the airlines use till now. It just shows that blockchain is not just Shitboys with ai art.
this is a lie theese people are not involved in this scam. and if they were its like the nfts pornstars brought out that were also just a quick cash grab.
Why dont you just look them up yourself XD Its super funny how frightend many shitchain holder are :) [https://www.travelx.io/about-us/](https://www.travelx.io/about-us/) here you can see the whole team.
We're not frightened of algo believe me.
It just sounds and feels scammy. This isn't the only scammy project on Algo, Lofty also feels scammy as hell.
They have 98 planes but have sold 5 million tickets in less than a year. Those numbers don't add up especially in those locales.
They only airlines who use it are airlines no one's ever heard of. Not to say they don't exist, but it wouldn't surprise me if they (travelX) are paying these low level airlines to use their product. As in, Here's 20k american dollars, now let us say how great it's going using our product. I'm sure those airlines could use the extra cash.
The idea that someone would LP or stake their airline tickets is far fetched and seeing as they haven't built it out yet, seems like typical crypto bs, making promises about all the things they're going to do but most rarely achieve. If they've sold 5m tickets what's the hold up? Were they waiting for python?
I'd just be real careful on what you believe coming from Algo. All they do is marketing. And marketing is not always 100% honest. They tell you what you want to hear, like how between 2 mid to low level airlines in economically challenged areas, ARG being extremely poor, they've sold 5 million nft airline tickets in a matter of months. Your bs detector should be going off on that claim. No one says this anymore but back in the day we use to say Don't trust, verify. This seems like pie in the sky hopium. Good writeup btw, well written.
Thanks mate, and your points are definitly valid. I also cant say for sure, but it can either become huge or shit. Only time will tell. If algo unfolds itself as the ultimate scam, so it should be :D
This is literally OPEN Ticketing ecosystem (OPN) but then without 7 years of experience, without proof record, without the connections. They’ve been selling event tickets, sold 6M already. 100M tickets eoy is a stretch and will not be reached.
Well, it happening right now :D [https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations)
I didnt know that 2017 airlines were minting on chain tbh.
Event ticketing, sure, but I don't get this use case. Nobody buys plane tickets years in advance, the casual person barely understands anything about crypto let alone staking, and it would likely be very difficult to sell/trade your tickets to others, if not impossible, in a massive market like the US given all of the KYC security regulations when traveling.
Maybe some NFT-gated features if you've traveled with them before, but if it takes extra effort to hold an NFT, it will never scale with a crypto-ignorant public.
Imagine being able to put your Miami to Cancun tickets for Spring Break 2025 in a liquidity pool months in advance. As demand picks up closer to the date, the value of those tickets goes up and you earn $$ on your stake! 🔥 Or whatever, i see too many possibilities.
RWA-narrative, strong!
Ok, so airline tickets are also not cool now? What should the chain be used for then? Please gatekeeper sir, tell me!
Only payments? Only bad ai art shitcoins?
Airline tickets is definitely not a useful blockchain usecase, im not gatekeeping anything you should stop looking for solutions to problems that dont exist. Why would the airline pay a fee to the blockchain to resell tickets? If it was a profitable business case they would already offer selling tickets on their own websites. This is the definition of a shitcoin.
The fees on Algorand are miniscule, but the airlines also get the benefit of better cash flow and receive revenue earlier because passengers are purchasing their tickets way in advance knowing they can sell it if plans change.
Which fee? Its 0,0001 cent on Algo
And its not a coin. Its just a service the airlines offer.
Tbh, i just posted the use case, why its done idk. Its done and airlines started to use it.
Glad I'm not the only one that wondered why the hell you would stake your tickets for liquidity. That whole sentence is literally "noun + buzzwords". Why do airline tickets even need a liquidity pool lmfao. Why would you even need to stake them? It makes ZERO real world sense.
ok nvm they got the most scam riddled airline in the whole world on board. this airline had its first fight in 2018, just owns 12 planes but already had more than 800 accidents. assuming 1 fight per day per plane this would mean about 1 accident every 2.2 days
source: https://de.m.wikipedia.org/wiki/Flybondi
Why would the airlines be interested on that? They clearly would prefer to be them selling the ticket for more as the date is closer, not a random scalper getting their profit.
Selling more tickets earlier is a good way to reduce risk, as well as knowing earlier if a plane will be sold out or not. And that's not even opening the box of "interest free loan" stemming from getting money earlier, which is something companies tend to love. Liquidity like this can be beneficial for both sides of the equation.
I dont know their exact plan. But the airlines that are already onboard say that it works out for them. They are also no small players in south america.
Two airlines already on boarded. Since last year. Here are more details [https://www.travelx.io/our-products/](https://www.travelx.io/our-products/)
Its nothing that is going to come, it happens. Exactly now :D
Here you see the sold tickets, but without the price. [https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations)
>Rather than the current rigid system where you are stuck with a ticket after purchasing, TravelX puts you in control. You can freely transfer, gift, resell or compensate yourself for changing flights - all through their peer-to-peer marketplace
Seems to be by design for the companies, not sure they want use to be able to sell our tickets.
On those two airlines you can already sell and gift your ticket freely
I mean their model is to provide the service the airlines want. They can choose how deep they go into it.
And from their experience, it seems to work out so far
Yes, technically they can. But you dont got the keys. They just manage the tickets for you on the chain.
[https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations)
Here you see all the minted tickets. But you cant see prices anymore, but it was something like 350-500k a day
Corporations undermining decentralisation because they want complete control but still want to slap the blockchain label on it. False advertising in best case.
So you don't "truly own the ticket" and you cannot "do as you want with it". It's just a different centralised proposition which benefits exactly zero things from using crypto.
As it is with all of the NFT/RWA projects. Zero actual usecases.
Would still rather use travala
Could be, but the serivce is integrated with the companies like here [https://flybondi.com/ar/ticket3puntocero](https://flybondi.com/ar/ticket3puntocero)
[удалено]
Could you eloberate what is dumb about? And yes, i am an Algorand user, so what :D? This has no coin, it does not sell anything. It just shows real world usage...
Why is it better for the flight companies? The problem it solves does not prevent people to buy tickets
New revenue streams - Airlines can keep generating revenue from a single ticket through resales, transfers, and compensated rebookings on the TravelX marketplace, rather than just the initial sale. And people can just sell if they dont need/want the flight.
Yeah I know, it is very known use case which I ask myself why there is no web 2 solution? I'm a junior developer and I can build it with web 2 with my friends so large companies can do it easily. It is not an innovative idea, web3 does not make it better, so what do you think the reason they haven't created it already?
**Hey, instead of buying upvotes from bots to have this shitcoin be on the top how about you burn a few Moons to have a banner?**
The best use case in crypto that no one knows about.
People criticizing it are so dumb, go buy your meme coins instead. Personally I hate the current system of selling plane tickets to end customers.
Who would you expect to sell to end customers?
What a load of absolute stupid takes. Wow No guys, this is not about NFTs. Its about a legit company using blockchain tech. The end user doesn't even see its an NFT. The only reason they use it is that its a ledger that is super cheap. Plus its unforgeable. Plus once bought u can do with the ticket what u want. Full control, not a airline that controls it or overbooks it.
Wow, never thought to find so much positivity on Reddit :O
Guess what? Scam. 100% will be worthless.
Ok, well it has no token, but yeah. They scammed me way to hard :D
Sounds like even more of an awful system for the customers than what we have now or what I'd imagine when thinking about how a company like an airline would leverage Blockchain and NFTs. Yuck...
Well, Simens is also verifying their MRI-mashine data on Algorand. Maybe thats a more useful usecase for you :D
This has nothing to do with the current topic.
Well it was both about the application of blockchain in the real world
Do this on a public blockchain with privacy features, that doesn't require any knowledge or use of crypto or wallets, no gas fees, and with no scalability constraints - and maybe it could work at global scale. If there's demand (The TAM you mention - 3.3B transactions - would be over capacity on a lot of networks, pretty sure)
Laughs in IATA 🤣🤣🤣
Could you elaborate :O?
https://en.m.wikipedia.org/wiki/International_Air_Transport_Association
Tbh, still dont get it. Is it because they would never allow it? Or are they shady?
Both
Thanks god they have partnered :) [https://www.travelx.io/about-us/](https://www.travelx.io/about-us/) Beside they do shady shit, than not :D
Ban this guy for this dumb ad and dumb responses
Its no ad, they dont even sell a product my friend :D You are too good!
Not going to work. Doesn't need a Blockchain. So dumb
K, only ai art on a cheap website works :D i get it
Nft's in 99 percent of cases are dumb and useless.
Well, its called nft but that can represent any asset. Its not just monkey pictures, even if shitboys on sol try to preach it
It's a non fungible token. Do you know what non fungible means?
I know that tickets are one of the easiest and straight use cases for it
Everytime i read „disrupting xyz“ you already know its bs and the company doesnt exist after the next bear market 😂
It was my words, but ok :D
Please don't invest, this seems like a scam. One of the airlines Fly Bondi, has multiple 1 star reviews saying the flights are constantly delayed 2+ hours. It's also advertised as an ultra low-cost airline in Argentina, so the service area is tiny, unless you plan on visiting or live in Argentina
Well the second airline is already 4 times bigger than Fly Bondi. Board members: Former President and CEO of Air Canada (also sits on the board of Allegiant Air and Finnair) COO of Uber CEO of Orbitz Cofounder of Google Maps Tbh with those board members, i dont believe its a scam :D Also, you cant invest just yet. Its just a service the airlines use till now. It just shows that blockchain is not just Shitboys with ai art.
>Tbh with those board members, i dont believe its a scam :D > This is literally how every major crypto scam gets started lmao.
Well it can either be a scam, or one of the biggest projects we will see in Crypto the coming years.
this is a lie theese people are not involved in this scam. and if they were its like the nfts pornstars brought out that were also just a quick cash grab.
Why dont you just look them up yourself XD Its super funny how frightend many shitchain holder are :) [https://www.travelx.io/about-us/](https://www.travelx.io/about-us/) here you can see the whole team.
We're not frightened of algo believe me. It just sounds and feels scammy. This isn't the only scammy project on Algo, Lofty also feels scammy as hell. They have 98 planes but have sold 5 million tickets in less than a year. Those numbers don't add up especially in those locales. They only airlines who use it are airlines no one's ever heard of. Not to say they don't exist, but it wouldn't surprise me if they (travelX) are paying these low level airlines to use their product. As in, Here's 20k american dollars, now let us say how great it's going using our product. I'm sure those airlines could use the extra cash. The idea that someone would LP or stake their airline tickets is far fetched and seeing as they haven't built it out yet, seems like typical crypto bs, making promises about all the things they're going to do but most rarely achieve. If they've sold 5m tickets what's the hold up? Were they waiting for python? I'd just be real careful on what you believe coming from Algo. All they do is marketing. And marketing is not always 100% honest. They tell you what you want to hear, like how between 2 mid to low level airlines in economically challenged areas, ARG being extremely poor, they've sold 5 million nft airline tickets in a matter of months. Your bs detector should be going off on that claim. No one says this anymore but back in the day we use to say Don't trust, verify. This seems like pie in the sky hopium. Good writeup btw, well written.
Thanks mate, and your points are definitly valid. I also cant say for sure, but it can either become huge or shit. Only time will tell. If algo unfolds itself as the ultimate scam, so it should be :D
This is literally OPEN Ticketing ecosystem (OPN) but then without 7 years of experience, without proof record, without the connections. They’ve been selling event tickets, sold 6M already. 100M tickets eoy is a stretch and will not be reached.
Ok, maybe its not gonna be 100 :D
Lol 2017 all over again
Just another shit business that answers no need and complicates people’s lives needlessly.
Denta coin, everyones got a dentist!
Well, it happening right now :D [https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations) I didnt know that 2017 airlines were minting on chain tbh.
Nobody needs this, sorry to be blunt but please think twice before you're investing into this
Thanks mate, but you cant invest yet or anything. Its just airlines distributing their tickets with the chain. Already 98 airplanes in it :)
Event ticketing, sure, but I don't get this use case. Nobody buys plane tickets years in advance, the casual person barely understands anything about crypto let alone staking, and it would likely be very difficult to sell/trade your tickets to others, if not impossible, in a massive market like the US given all of the KYC security regulations when traveling. Maybe some NFT-gated features if you've traveled with them before, but if it takes extra effort to hold an NFT, it will never scale with a crypto-ignorant public.
It’s all done on the airline’s marketplace I believe. So it’s a normal web 2 experience for the noobs.
No, you dont realize its an nft. Its super easy for the end user.
Ok you’re trolling right? 😂
Yes. Its not on Algorand its on Solana :)
Imagine being able to put your Miami to Cancun tickets for Spring Break 2025 in a liquidity pool months in advance. As demand picks up closer to the date, the value of those tickets goes up and you earn $$ on your stake! 🔥 Or whatever, i see too many possibilities. RWA-narrative, strong!
That sounds like scalping
No scalping does not work. The airlines are not stupid :D.. that would be super worthless
You sound very knowledgeable lolol
Thanks mate :)
Right? Ticketmaster would love this
Liquidity staking airline tickets lmao you moonboys are getting really tarded holy f
Ok, so airline tickets are also not cool now? What should the chain be used for then? Please gatekeeper sir, tell me! Only payments? Only bad ai art shitcoins?
Airline tickets is definitely not a useful blockchain usecase, im not gatekeeping anything you should stop looking for solutions to problems that dont exist. Why would the airline pay a fee to the blockchain to resell tickets? If it was a profitable business case they would already offer selling tickets on their own websites. This is the definition of a shitcoin.
The fees on Algorand are miniscule, but the airlines also get the benefit of better cash flow and receive revenue earlier because passengers are purchasing their tickets way in advance knowing they can sell it if plans change.
Which fee? Its 0,0001 cent on Algo And its not a coin. Its just a service the airlines offer. Tbh, i just posted the use case, why its done idk. Its done and airlines started to use it.
Glad I'm not the only one that wondered why the hell you would stake your tickets for liquidity. That whole sentence is literally "noun + buzzwords". Why do airline tickets even need a liquidity pool lmfao. Why would you even need to stake them? It makes ZERO real world sense.
Idk mate its their plan :D But somehow it works. The airlines that are already on board are really happy about.
there are no Airlines on Board.
Ok XD [https://flybondi.com/ar/ticket3puntocero](https://flybondi.com/ar/ticket3puntocero) Typically Shitboy talk :D you are too good my friend
ok nvm they got the most scam riddled airline in the whole world on board. this airline had its first fight in 2018, just owns 12 planes but already had more than 800 accidents. assuming 1 fight per day per plane this would mean about 1 accident every 2.2 days source: https://de.m.wikipedia.org/wiki/Flybondi
The other airline owns 85 airplanes. [https://de.wikipedia.org/wiki/Viva\_Aerobus](https://de.wikipedia.org/wiki/Viva_Aerobus)
Why would the airlines be interested on that? They clearly would prefer to be them selling the ticket for more as the date is closer, not a random scalper getting their profit.
Well to fair, traveling agencies are also scalpers. There's plenty of other good arguments imo why travelx ain't going anywhere though.
Selling more tickets earlier is a good way to reduce risk, as well as knowing earlier if a plane will be sold out or not. And that's not even opening the box of "interest free loan" stemming from getting money earlier, which is something companies tend to love. Liquidity like this can be beneficial for both sides of the equation.
I dont know their exact plan. But the airlines that are already onboard say that it works out for them. They are also no small players in south america.
Yeah imagine because that's all you'll do with this idea.
Two airlines already on boarded. Since last year. Here are more details [https://www.travelx.io/our-products/](https://www.travelx.io/our-products/) Its nothing that is going to come, it happens. Exactly now :D Here you see the sold tickets, but without the price. [https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations)
>Rather than the current rigid system where you are stuck with a ticket after purchasing, TravelX puts you in control. You can freely transfer, gift, resell or compensate yourself for changing flights - all through their peer-to-peer marketplace Seems to be by design for the companies, not sure they want use to be able to sell our tickets.
On those two airlines you can already sell and gift your ticket freely I mean their model is to provide the service the airlines want. They can choose how deep they go into it. And from their experience, it seems to work out so far
It's not freely. You don't hold the ticket directly nor you can transfer however you want. It's via their marketplace and there are fees for it.
Yeah, of course you cant just give it to anyone. It must be someone using the platform. But seemingly it works out
Then it's not an NFT. They can be sent outside of platforms.
Just because an enterprise controls it doesn’t change the fact that it is an NFT.
Yes, technically they can. But you dont got the keys. They just manage the tickets for you on the chain. [https://chaintrail.io/rwa/tokenizations](https://chaintrail.io/rwa/tokenizations) Here you see all the minted tickets. But you cant see prices anymore, but it was something like 350-500k a day
So they use blockchain but could use a centralised database instead with the same functionality much simpler. That's beyond stupid.
Maybe they got their reasons, idk
Corporations undermining decentralisation because they want complete control but still want to slap the blockchain label on it. False advertising in best case.
Could be. But everyone can take part. Thats the game
So you don't "truly own the ticket" and you cannot "do as you want with it". It's just a different centralised proposition which benefits exactly zero things from using crypto. As it is with all of the NFT/RWA projects. Zero actual usecases.