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Singapore, 18th May, 2020 – Community-driven cryptocurrency exchange BiKi.com is pleased to announce a partnership with Singapore-based SpaceTravel, an innovative platform fusing location intelligence into a lifestyle travel ecosystem.
The partnership starts off with a 25th May (15:00 GMT+8) listing of SpaceTravel’s MAC token on the Top 20 volume exchange. Over the next 2 weeks, promotional campaigns include Telegram bounties, net buys with cashback and a 10% MAC HODL staking offer. More details and updates will be available on BiKi’s Official Twitter. With a strong crypto base in Asia, the listing on BiKi.com provides huge visibility for SpaceTravel in the region.
“We are delighted to have SpaceTravel on board BiKi,” comments Ethan Ng, CEO of BiKi Southeast Asia. “We see many use cases for the platform and SpaceTravel is demonstrably a project with immense potential. Already, a lot of crypto users have shown much excitement for the upcoming token listing.”
Less than two weeks of launching its website, the SpaceTravel project has managed to attract substantial social media interest, garnering thousands of followers on Telegram, Twitter, Facebook and LinkedIn. Its local and regional partners speak volumes – Singapore Land Authority, Singapore Fintech Association, China’s UnionPay, Bali Tourism Promotion Board, SGTech, Zilliqa Blockchain Network, Virtual Logistics and IMO.
“SpaceTravel is elated to be working with BiKi in this pivotal listing phase,” enthuses Ping TH, CEO of SpaceTravel. “Thanks to the partnership with BiKi, the BUBU Lifestyle App is able to reach and serve an even greater community upon its launch. The innovative, forward-thinking and dynamic nature of BiKi is highly synergistic with SpaceTravel, and we foresee ongoing support for SpaceTravel’s future product launches beyond the BUBU Lifestyle App.”
A Commercial Solution Utilizing Military-Grade Technology
With origins in offering military-grade satellite and navigation technology to government and private entities in the region, SpaceTravel is certainly not lacking in the location intelligence technology department. A “sneak peak” of SpaceTravel’s satellite navigational prowess can be seen on Singapore Land Authority’s OneMap (under Base Maps > Satellite).
Through the BUBU App, Space Travel strives to create a lifestyle ecosystem for the travel and tourism industry, using a globally available navigation app that includes both outdoor and indoor mapping (rarely available), merchant ratings and discount coupons. Utilizing AI and AR technologies, it enables users to navigate the best community-curated destination deals while enjoying a gamified reward experience. Integrated with Chinese social media platforms, BUBU also offers UnionPay payment solutions, hence solving many pain points for Chinese tourists.
A Tokenization Model of Utility, Exchangeability and Liquidity
SpaceTravel utilizes blockchain and cryptography to create a payment infrastructure that enables seamless, cost-effective and faster payments. Noting that loyalty points from many businesses are usually non-exchangeable and end up being wasted, BUBU issues reward points that are redeemable against MAC tokens, providing a system that ensures utility, exchangeability and liquidity through exchange listings.
Designed to be self-sustainable in operations with multiple revenue streams, the BUBU business model is one that hearkens to the future.
SpaceTravel currently has an array of initiatives lined up, including but not limited to:
- a WeChat program designed in partnership with various tourism boards due to launch end May/early June
- a “brewing” operational expansion in “the land of sushi and ramen”
- a signing ceremony with UnionPay and Bali Tourism Promotion Board
- discussions with tourism boards across APAC on how SpaceTravel and BUBU App can play a role in the revival of tourism and travel, especially critical during this COVID-19 induced economic downturn
- a PS (Payment Services) Act license application with Monetary Authority of Singapore (MAS)
Presently, BiKi.com has also filed for a similar licensing with MAS, another point of alignment between the two partners, as they both support a regulatory and compliance framework that works to protect the interests of all their stakeholders.
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