COOL COUSIN-a decentralized P2P travel agency, optimized
for the millennial traveler
ABOUT COOL COUSIN
Cool Cousin is the closest thing to having a friend in every city in the world. The most valuable source of information about a new destination is a local friend — a trusted insider who knows your taste and can direct you to places that suit you. Unfortunately, we don’t have a local friend in every city we visit, and online information and services fail time and again to provide us with a good alternative. Founded as an antidote to the growing frustration experienced when trying to discover relevant places and activities in a new city, Cool Cousin directly connects travelers to like-minded locals — aka Cousins — for an open and unbiased exchange of treasured local knowledge. Using the service, travelers can search through a list of Cousins in
over 65 destinations, and find those who are the right fit for them. Each Cousin has a distinct guide to their city with their favorite neighborhood spots and local businesses, available online and offline. Travelers searching for something specific, like cheap tickets to a football match or a nearby bar hosting a cool local band, can also reach out to their Cousins directly for personal on-demand assistance.
over 65 destinations, and find those who are the right fit for them. Each Cousin has a distinct guide to their city with their favorite neighborhood spots and local businesses, available online and offline. Travelers searching for something specific, like cheap tickets to a football match or a nearby bar hosting a cool local band, can also reach out to their Cousins directly for personal on-demand assistance.
the Cool Cousin app — web & iOS
Travelers using the iOS and web versions of Cool Cousin can access unique city guides curated by 1,000± Cousins in 65+ cities, filter the guides by age, bio, sex and categories, and reach out to their selected Cousins for tailored advice. To date, we’ve released 60 updates for the fully-native iOS app since it’s launch in July 2016, and launched a fullyresponsive progressive web app in June 2017.
Millennials, the largest living generation, are known for their increased spending power and a decreased desire to purchase products, making them a considerable driving force of the flourishing tourism industry. Overall, this generation spends an average of 35 days of travel and 2.38 vacations each year — 24% more than Gen Z and 25.5% more than Boomers — and a greater percentage of their salary on experiences9. For this reason, millennials are Cool Cousin’s main target audience and the service’s core user base.
operating in a huge market
Travel & Tourism accounts for 10% of the world’s GDP, and 1 in every 10 jobs. When the
first commercial jet debuted in 1950, there were around 25 million international tourist
arrivals worldwide11. Today, the number has risen to 1.24 billion, generating $2.3 trillion
in direct revenue. In 2016 alone, Travel and Tourism indirectly contributed $7.6 trillion
to the global economy, or 10.6% of the world’s total GDP
first commercial jet debuted in 1950, there were around 25 million international tourist
arrivals worldwide11. Today, the number has risen to 1.24 billion, generating $2.3 trillion
in direct revenue. In 2016 alone, Travel and Tourism indirectly contributed $7.6 trillion
to the global economy, or 10.6% of the world’s total GDP
GROWTH IN COUSIN-TRAVELER INTERACTIONS
In the last 6 months we have witnessed a 310% growth in the number of quality
interactions between Cousins and travelers: Thousands of our city guides are
referred to and inquiries for personalized advice are made on a daily basis.
interactions between Cousins and travelers: Thousands of our city guides are
referred to and inquiries for personalized advice are made on a daily basis.
TOKEN ALLOCATION
In order to kickstart a vibrant community of passionate travelers and locals, the distribution will be designed to offer as many people as possible the opportunity to participate. The allocations are outlined below and reserve 25% of the total supply for the Cool Cousin Community, which is tasked with distributing them over multiple years to network participants who contribute value to the ecosystem. As a result, the majority of tokens will be distributed over time to partners and the public. allocation The CUZ token supply will be limited to 300,000,000 million units and allocated according to the following:
•• Founders and current employees will have a minimum lockup period of 24 months •• Advisors and early supporters will have a minimum lockup period of 9 months •• Future operations pool will be vested for 4 years with 12 months cliff. The operations pool primary goal is to support future development, global expansion, partnerships, etc. 3% of the pool will remain free to support future opportunities and unexpected challenges.
•• Community pool tokens will be distributed gradually over a period of several years, and will be utilized as an incentive for the entire Community, as well as to remove user barriers and bolster growth.
•• Founders and current employees will have a minimum lockup period of 24 months •• Advisors and early supporters will have a minimum lockup period of 9 months •• Future operations pool will be vested for 4 years with 12 months cliff. The operations pool primary goal is to support future development, global expansion, partnerships, etc. 3% of the pool will remain free to support future opportunities and unexpected challenges.
•• Community pool tokens will be distributed gradually over a period of several years, and will be utilized as an incentive for the entire Community, as well as to remove user barriers and bolster growth.
ICO details
Our ERC20 token contract, our vesting contract, and our crowdsale contract will be based on OpenZeppelin — a secure and robust library that has been used to raise $4.5 billion, in ICOs including OmiseGO, Augur, Civic and more. Following the crowdsale, the bought tokens will be distributed, the bonus vesting periods will start, and any unsold tokens will be distributed proportionally to all CUZ token holders, including the Cool Cousin team, advisors, early supporters, bounty participants, Community Pool and future operations.
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