Lightyears - ICO Details
THE AVIATION INDUSTRY HAS FLOURISHED AND EXPANDED OVER THE LAST FEW DECADES AS NEW AIRLINE CORPORATIONS EMERGED AFTER THE 2008 FINANCIAL CRISIS. THE PROJECTED WORLDWIDE REVENUE OF COMMERCIAL AIRLINES IS APPROXIMATELY $850BN USD BY 2018 SHOWING A SIGNIFICANT INCREASE FROM 2017 WITH A GLOBAL REVENUE OF $743BN USD. AS PASSENGERS PURCHASE FLIGHT TICKETS,
THEY TEND TO GET POINTS FOR EACH PURCHASE AS A LOYALTY PROGRAMS ENABLING THEM TO ENJOY CERTAIN BENEFITS WHICH COME WITH THOSE POINTS SUCH AS FREE IN-FLIGHT MEALS. WE PROPOSE TO INTEGRATE CRYPTOCURRENCY INTO THAT BUSINESS MODEL AS PASSENGERS WILL EARN TOKENS WITH EACH TICKET PURCHASE.
THESE TOKENS CAN THEN BE USED TO PAY FOR TICKETS AS AN ALTERNATIVE PAYMENT METHOD. PASSENGERS CAN LIQUIDATE THESE TOKENS WITHIN THE PARTNERED AIRLINE BRINGING MORE BENEFITS SUCH AS PAYMENTS WITHOUT THE NEED OF CREDIT CARDS WHICH IMPOSE TRANSACTION FEES AND TIME ON THE PASSENGER AS WELL AS A UNIVERSAL TOKEN WHICH CAN BE USED TO PAY FOR TICKETS IN AIRLINES AROUND THE WORLD WITHOUT THE NEED TO WORRY ABOUT FLUCTUATIONS IN THE EXCHANGE RATE.
LIGHTYEARS aim at providing distributed applications running on the Ethereum blockchain as a scalable, secure and convenient access point to services and data. We believe that providing digital assets to the ever-growing crypto community as an important stepping stone for the future of blockchain. As more cryptocurrencies and altcoins are introduced, many people especially those who previously had no access nor knowledge on the matter now have an entry point to the global payments system making international cross-border remittances easier than it ever had been.
A larger variety of services. Moving forward, we plan on listing LYS on reputable crypto exchanges besides those which we have already been listed on to increase our market share to maximize both visibility and profitability for users and the team enabling us to reinvest into the project by bringing in talented people to help us with meeting our roadmap goals sooner rather than later. Features such as refunds, itinerary modification and complaints can also be done on the DApp as it has been integrated with the airline system allowing for quicker responses and removing system failure on the airlines part.
The airline industry has its fair share of issues due to most of the processes are completed using technology as well as the integration of financial institutions such as banks for payments and such, we can safely say that said processes are not only inefficient but also troublesome. Another case of inefficiency is the breakdown of servers and databases which can lead to massive loss of personal identifiable information (PII) which has happened recently with Asiana Airlines in 2016 whereby 47,000 documents containing scanned passports, bank account information, home addresses, and other sensitive customer details on its website as a result of hacking.
One of Lightyears main features is the airlines rewards system whereby consumers who purchase flight tickets using the Lightyears DApp (Decentralized Application) with partnered airlines receive a certain number of tokens. The tokens, LYS can then be exchanged for other amenities within the integrated airline such as discounts on next ticket purchase, baggage allowance and in-flight meals to name a few.
|Token for sale||20,000,000|
|Token Price||0.6 USD|
|Token for sale||15,000,000|
|Token Price||0.8 USD|
|Token for sale||5,000,000|
|Token Price||1 USD|