-ATLS Use Cases-

The value of the ecosystem multiplies when tokens can bring more use-cases and utilities into it. Atlas is not only used to incentivize content but also as a unit of exchange for real goods and services and other various use-cases that can be devised by ecosystem participants. ATLS is the currency within this ecosystem that can be adopted by travel businesses and 3rd party developers. It is also the base currency for token offerings by businesses in the ecosystem.

We will use the Atlas app as an example to demonstrate the use cases of ATLS, which are content, transactions and advertising.

Transactions: The Atlas app will operate on a zero commission basis for transactions, which will provide significant savings for the vendors (hotels typically pay 15–25% commission to OTAs). Vendors transacting with tokens will also save on the various transaction costs associated with foreign currency conversion and cross-border bank charges.

Rebates: Businesses are encouraged to provide 3–5% loyalty rebate in ATLS directly to the consumers from the commissions saved for transactions, in exchange for cross-vendors user data by consent.

Coupons and Vouchers: Venues are encouraged to issue coupons on the platform payed with ATLS which can function as discount vouchers on food & beverage or redeemable services such as room upgrades.

Fiat gateway: Atlas will accept payment in fiat and convert it to ATLS on the users’ behalf with a 5% service fee. Fiat raised via service fees will be used to purchase ATLS, which will be added to the reserve.

Advertising / Direct Marketing: Travel businesses are able to use ATLS to pay for consumers profiles and direct marketing on a consent basis at the Atlas platform. Advertisers have the option to pay in fiat, which will then be converted into ATLS, with an additional 5% charge.