TripCandy - 01 July 2022 Quarterly AMA.
03 Jul 2022, 04:34
TripCandy - 01 July 2022 Quarterly AMA
Overall market sentiment is extremely negative and bearish right now, and we believe this bear market will definitely last for a couple of months more or maybe a year. But at TripCandy, we are still operating as per normal as a standard business.
This will be the period where meme crypto projects / unviable and unsustainable business models will die off.
Most Web3 projects that heavily dependant on crypto and NFT tax for revenue will be going through an extremely tough period. However for us, at TripCandy, our revenue generation is from our web2 services, thus we will be able to continue the growth and sustainability of the company regardless of market sentiment.
*Booking platform*
- We are now in the mist of migrating into our new booking website thus our current site is temporarily down but it will be up in a couple of days
- Once the platform is back up, we will allow hotels bookings for now but booking of flights or trips will be up later on.
- The mode of payment we allow are credit card and debit card booking for now and the Crypto payment will be up later on.
- The crypto cashback rewards is still on.
*NFT development*
- It's still on going but we have slowed down the speed of releasing and we are monitoring the market closely.
- The official launch is to be determined.
*Staking of CANDY*
- There are 4 range of APY 8% ,10%, 12% and 14% all according to different time lock up period.
- Activating of the staking would requires 3 days to stake
- Deactivate of the staking would require 3 days to unstake
QNA:
Plan For CEX?
- We are still working on it and is heavily based on the market sediment. Rates have dropped but we do not want to rush into getting into one without. Having more CEX does not really help unless we have a working product
When will referral program go live?
-Referral will be live the moment the platform is up. I.E about a week. From then, you can invite friends, when they book on our platform, we will reward you a small percentage of Candy cashback. More info can be found on our referral page on our website.
Has Probit been affecting prices?
-CMC API is directly linked to our Probit and due to tech issues it has caused incorrect prices. It may cause 50% sharp drop or spike in prices. To get a more accurate pricing do check the price chart from Dextool or Poocoin.