Tavitt Coin tokenizes air tickets for every sector across the world. Users can share their tickets as assets for future travels when they purchase ‘tokenized tickets’. Additionally, users can also earn yield by holding tokenized tickets for a certain period. The platform's primary focus is to ensure transparency on the blockchain and fair trading at all times and offer new experiences through traveling.
After the Covid-19 pandemic, the dynamics of traveling have changed its shape worldwide. Thus, as the world is entering an era where people seek innovative ways of appreciating travel, the platform has implemented recovery-19.
Further, the platform operates on the OKChain – developed by OKEx; it is a set of open-source blockchain projects that aim to promote the landing of large-scale commercial applications based on blockchain technology. The chain provides every participating node the same rights, allowing users to smoothly launch various decentralized applications (Dapps), issue their digital assets, create their digital asset trading pairs, and trade freely.
Tavitt Coin is an ERC-20 token. Using Tavitt air DeFi, users can convert their air tickets at any time, and the platform offers a conversion guarantee. Thus, the token purchased can be converted for actual air tickets at any time. In addition, these ticket tokens do not expire. As mentioned in its whitepaper, people get 10 percent cheaper tickets than credit card payments using ‘Tavitt Pay.’
Other services offered by the platform include Tavitt Wifi, a one-stop travel application that uses eSIM. The service enables travellers to connect to their destination's internet environment without changing their SIM cards. Travelers also get discounts on the regular data plan price in proportion to the number of tokens they hold.
