TripCandy Updates, 1st Quarter, 2023

The latest Quarter from January to February updates for TripCandy.

From the latest rate hike and the fall of SVB. we see an injection of 800B USD by the FED into market that has caused BTC to rise.
We are still anticipating a drop of BTC again in the coming few months. As we have locked our liquidity pool and our plans to migrate into a new network.

If the mist of bad news and good news in the markets we would like to share our TripCandy development progress and migrations details.

Before we get into the details of our migrations we would like to share our progress for the latest quarter.

Platform Updates:

a) Addition of Cryptocurrency Selections

We have added a list of crypto currency for easy price comparison for payment.
Likewise for fiat we have added pound payment type as one of the alternative selection.
We will be adding more fiat payment once we start to see more visits from those countries.

b) 2FA security Updates

New security updates for 2FA has now been change to mandatory for all withdrawals, unstaking on TripCandy platform.

This added security to ensure all our users are safe on our platform due to many that did not setup 2FA.

We have also taken additional steps to encrypt every form of request from our website to our server. 

c) Partnership and integration with TripAdvisor Review and Rating

We have partners and integrated with TripAdvisor to provide Reviews and Rating in the selection of hotels.
This is to provide a wholesome customer experience, while providing a certain level of trust score when it comes to pick the hotels you love.

d) remodel of UIUX for Hotel image viewing

We have revamp our UIUX for a better hotel and room selection experience.
This would allow us to increase our number of sales and ease of selection.

e) Facebook Signup and Login

we have added facebook sign up and login for easier onboarding of new users.

f) Selection of Nationality & Child selection

we have included two new additional selection segments to provide a more customized user hotel experience.
This to ensure we provide a more customized hotel experience for your family and love one.

g)  Discounted promocode

We have added promo code for our customer to apply at our checkout page.
This is help us work closely with partnering projects while increasing our userbase by giving our partnering projects and customers a discount code when they use TripCandy.

Information of Liquidity pool:

a) We have recently halted the trading of  TripCandy on the DEX and accessed the Liquidity pool for on going growth of TripCandy.

We have kept Probit, our only CEX open for trading for those who which to try still move their CANDY to Stable coins if needed.

b) We will be shifting our focus on Ads spent and cash deposits with our hotels suppliers thus we will be tapping on the Liquidity for cashflow and growth of our company.

c) We expect this process and migration to take about 6 months for us to complete. As we noticed that the average time period for a customer to convert from seeing our ads to booking a hotel on our platform takes an average of 4.5 months. Thus we require a forward cash flow of at least 6 months.

d) we are looking to open up on ETH/Poly network as a due to the amount of active investors on that network relative to BSC and Solana. We will provide an update on how this new LP will be set.