Reality TV Star's IEO Tokens Sold Out Within 24 Hours of China Launch
Former contestant of The Apprentice, Sarah Dales is the CEO of this social travel ecosystem with a modern twist.
LAS VEGAS, July 13, 2019 (Newswire.com) - Airsave Travel launched its token in China at a popular cryptocurrency exchange, FEX.HK on July 8, 2019, for a token price at 0.35 per ASTC token. Public trading of ASTC opened a few days later, on July 12 at the price of 0.37 per ASTC. Airsave Travel has succeeded in oversubscribing via Subscription Day, and subsequently, all tokens available for sale via subscription (310,000) were sold in 24 hours at FEX.HK.
Former contestant of The Apprentice, Sarah Dales is the CEO of this social, discounted travel ecosystem, and when asked what benefits will come from using ASTC she explained the logic and the philosophy behind the project.
"Funds raised via subscription day (aka the IEO) has been a small part of the business strategy. Apart from building the DApp itself, the areas in which the Airsave Travel team want to focus on in the secondary market are as follows:
1. To provide liquidity to the market
2. To circulate the coin (ASTC) as much as possible to investors
3. Reducing the selling power of ASTC, which will result in an easier increase of ASTC price."
The CEO continued clarifying the details.
"Airsave Travel is a decentralized platform to earn discounted travel tokens (ASTC) by saving for trips with friends. I am excited to be tapping into a market which likes our current product and our future plans for its decentralization. For our investors the secondary market is more important than the fundraising itself, so we will be working hard to maintain and steadily increase the price of ASTC - from a long term perspective."
Sarah Dales, AirsaveTravel.com
The social, discounted travel app has been gaining traction with their cryptocurrency focused implementation of travel rewards that has a unique use case with social interactions.
Once a user has earned enough ASTC with their friends, they can redeem ASTC tokens to purchase discounted travel via different travel service providers. Using the exact same save-and-earn referral principal, ASTC token could be used to purchase other discounted goods and services such as food deliveries, popular ride-share taxi services, and online shopping.
35 million ASTC are in circulation, 22 million are being sold via the exchange to investors and 3.5 million are reserved for bounty hunters and users. Trade or purchase ASTC with Ethereum by visiting AirsaveTravel.com.
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Source: Airsave Travel