Vietnam Digest: Triip offers 100m travel tokens in ICO; RedFOX Labs, Kinetic Consulting ink JV

A token representing Bitcoin virtual currency sits among cables and LED lighting inside a 'mining rig' computer in this arranged photograph in Budapest, Hungary. Photographer: Akos Stiller/Bloomberg

Vietnam-based traveltech startup Triip has offered for sale 100 million travel tokens for its month-long ICO while blockchain venture builder RedFOX Labs has established a JV with Kinetic Consulting Services of Dubai to take its blockchain business to the Middle East and Northern Africa region.

Triip offers for sale 100m travel tokens in its ICO

Vietnam-based traveltech startup Triip has offered for sale 100 million travel tokens for its month-long ICO ending March 31, according to an official release.

The new travel token TriipMiles (TIIM) is being offered for public sale for the first time in a reverse ICO. TIIM can be purchased with Tomochain’s token TOMO or Ethereum ETH.

Southeast Asia focused-venture capital firm Vynn Capital participated in the ICO.

TIIM currency can be used to buy tourism services. Triip offers a wide range of travel products including 6,000 local experiences—in 100 countries around the world—which are payable in TIIM.

“We believe tourism with 1.2 billion travelers every year is the right industry for blockchain mass adoption. The fast growth of our Triip app is a strong indicator for our vision,” said Mr. Hai Ho, Triip Co-founder and CEO.

TriipMiles is co-created by 100 travel innovators and Triip Pte. Ltd., a VC-backed Singapore-based startup that provides a first-to-market blockchain solution for sustainable travel.

Vietnam-based RedFOX Labs signs JV with Dubai’s Kinetic Consulting 

Vietnam-based blockchain venture builder RedFOX Labs has established a joint venture with Kinetic Consulting Services of Dubai to take its blockchain business to the Middle East and Northern Africa region, according to a release.

RedFOX Labs is a blockchain based tech company that identifies and builds proven unicorn business models for the emerging markets of Southeast Asia and now the MENA region.

“RedFOX Labs had the MENA region earmarked for the future but it seems the demand brings us there sooner than we had expected,” said Ben Fairbank CEO and Founder of RedFOX Labs.

RedFOX, which is led by an experienced team of Australian C Level executives, has started designing its first few lead projects in Vietnam, to tackle the bustling and emerging markets of the Southeast Asia region.

The blockchain company will now look to begin their collaboration with Kinetic Consulting Services as early as this month as they commence their seed round raise and begin to ramp up operations.

Also Read:

Japan’s Gaiax invests in Gobi-backed crowdsourced tour startup Triip

Crypto exchange Huobi plans to enter Vietnam’s blockchain market 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.