Colibra Travel Buddy App – bridge between the travel industry and cryptocurrency

Press release

Colibra is an innovative global mobile travel app with over 100,000 installs (Android and Apple) that is breaking into the blockchain space. The company has been in business for four years and offers a compensation-based business model with many satisfied customers. Flight delay compensation was offered in both fiat and bitcoin (BTC).

Colibra recently launched a new “Flight Now, Pay If You Can” business model in which the company offers airline tickets (and soon also hotel rooms) that customers can book without upfront costs and only pay when the flight is “okay”. However, if the flight is delayed by more than three hours, the passenger can fly free of charge. If the flight is canceled and there is no reasonable alternative, the passenger will not be billed for the flight at all.

The company is introducing an Ethereum-based ERC-20 utility token economy. This will help the company fund flights and attract travel and crypto friendly users. Colibra app users can use their COL tokens long-term to receive various attractive discounts on flights and hotels. Colibra will use 25% of its operating profit to buy back and burn its tokens.

Tourist space

Unlike other service industries, the travel industry requires its customers to prepay for the service they use, so they have no bargaining power if the service is of poor quality. This became evident during the COVID-19 pandemic, where airlines often purposely put flights up for sale, which they then cancel to get temporary funding and lock out their customers. Colibra has decided to counter this injustice by being a fair mediator.

“Flight now, pay if you can” offers travelers security by offering end customers a unique combination of insurance and banking services by becoming an independent, central booking agent between the airline and the passenger. The best part is that this service is free compared to alternative ticket providers.

In essence, Colibra provides financing by prepaying a ticket that is paid for later, and providing security by taking the risk of low-cost air travel.

Deflation Token Economy

Colibra is developing a mechanism for staking tokens. This mechanism will be available on our worldwide website and app. Cardholders can allocate different amounts to get the discount. Users must wager different amounts ($ 1,000, $ 10,000 or $ 20,000) in Colibra tokens and lock them for at least one month in order to take advantage of the “Genius” discount type, which can be in the form of grants Levels: 1, 2 or 3 . With each level, certain types of discounts are activated – for example discounts on hotel bookings, car rentals, etc. This has several advantages:

• • Users benefit from cheaper travel services than Colibra token holders.
• • This will benefit user loyalty by providing higher tier discounts that are easily accessible.
• • This removes a large amount of tokens from circulation, which benefits the token.

Tokenomics

A total of 40 million Colibra tokens (4% of the total offer) will be offered for sale and distributed in three different phases:

• Private Sale Round 1 took place on December 8th, with 1 COL selling for $ 0.05 (sold out in two hours).
• Private Sale Round 2 started on December 17th with 1 COL selling for $ 0.08 (whitelist already open). Round 2 mechanism: first come, first served.
• The first launch sale on YFDAI.finance will take place on January 14, 2022.

Colibra is proud to announce to current and future users that we have signed a contract with a centralized Tier 1 exchange and that the COL listing date is scheduled for January 17th, 2022.

Whitelist private sales round of two Colibra tokens opened

Users can deploy COL tokens early on by participating in the second private sale, which begins on December 17, 2021.

About Colibra

Since its launch in 2019, Colibra has gained users from over 170 countries and is considered one of the apps for European travelers. The app has over 100,000 installed, it has 40,000 active users and 50,000 registered trips. Colibra is also rated # 1 among travel apps in the Czech Republic, Bulgaria and Cyprus, as well as the top 10 in Greece, Romania and Poland.

Colibra users can secure compensation for any cruise that is canceled or delayed by more than an hour by simply logging their flight details into the app before take-off, regardless of the reason for the interruption.

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