Condominium (CDM) - A project aimed at the integration of travelers and tourism businesses around the world. One of the problems of the crypto community is the lack of a physical infrastructure in which they could use electronic money. Thus, CDM seeks to create a currency for recreation on the basis of PoS protocol.
Their purpose create a decentralized platform for cryptocurrency users so that they can travel using CDM within their affiliate network.
- Exchange ticker: CDM;
- Block reward: 4000 CDM;
- Block time 60 seconds;
- Minimum storage time 50 hour .;
- The number of coins for MN 50000;
What is a project
PoS – it is enough to keep coins on the wallet to receive a reward.
Masternode – you can become part of the network and receive 90% of the block reward.
CDM travel – store your CDM coins and buy travel packages.
CDM wholesaler - hold CDM coins and join the tourism marketing team.
In their white paper, the team writes that the tourism market in 2018 will reach 198 billion dollars, and that the order of 1.4 billion people will be looking for a journey online. Therefore, the main focus of this project is tourism and travel, and for this they develop secure transactions, blockchain monetary system and a network of tourist services. CDM will allow its owners to pay for all kinds of travel services: tickets for airplanes, hotels, tourist excursions, car rentals and various tourist equipment.
As a motivation for the development of the network, great emphasis is placed on master nodes. In order to maintain a high profitability, the number of coins required to launch masternody is constantly growing. At the moment, the price of the node is 50 to CDM, and after the 150 000 block, one node will already cost 100 000 coins.
CDM did not start as an ICO and did not have Pre-Sale, it was fully funded by the founding team. Already, the coin is being traded on the well-known exchanges of Cryptopia and the Crypto Bridge, with plans to naturally add a token to new trading platforms.
On the project site You can find a roadmap in which at the moment you can see that CDM is creating a new team that will further develop the project, as well as preparing a new site for the project.
In the first quarter of 2019, they promise to roll out a new roadmap and launch the site, achieving these objectives will be an indicative signal for additional analysis of the project. In the meantime, based on the data that is in the network, the project Condominium does not inspire much confidence, and refers to high risk investment.
Despite this, Masternod project brings 700% ROI, pays off a little more than a month and costs a node near 200 USD.
For a more positive development of the project, more public activity is required on the part of the developers, in their roadmap they marked the channels through which they will develop their community and attract new participants. It is quite possible that in 2019 the project will be able to correct its shortcomings and embark on a new development path. Maybe not.
Existing project competitors
CDM is not the only project that develops blockchain technology in the field of tourism and travel. There are many other projects, including:
Travala - There is already a ready-made travel search platform with the ability to pay with tokens.
Explorio - going to pay travelers for reviews while traveling.
Bee Token - an alternative to airbnb only on the blockchain; they help to rent and rent housing.
Sand Block - Solve a problem with loyalty programs of hotels and airlines, help them to issue their loyalty tokens for use by clients in various services.
Winding Tree - created a platform on which travelers and companies can exchange services without intermediaries.
Travelflex - payment system for travelers, this year should issue a plastic card, which can be paid while traveling.
The tourism industry is attractive for introducing blockchain technologies into it. It is growing exponentially and at the moment 10% of the population is working in this niche. Big market - great opportunity. Compared to competitors, CDM has one major advantage - it is a coin, on the basis of which you can run a masternode and passively earn money, all other projects are a token that can only be used within a project.