Questions & Answers
When is the first travel conference dedicated to the transition to Web3 taking place?
The first travel conference dedicated to the transition to Web3 is taking place on the 15th of May 2023 in Barcelona.
Where is the conference taking place?
The conference is taking place in Barcelona, at the World Trade Center.
When is the conference taking place?
The conference is taking place on the 15th of May 2023, from 10:00-18:00
What is the goal of the conference?
The goal of the conference is to onboard and educate the travel industry to Web3.
Who is organizing the conference?
Trips Community DAO is organizing the conference.
What type of events are planned during the conference?
During the conference, there will be speeches, panels and workshops to help the industry upgrade to the new internet.
What is the Web3 in Travel Conference DAO?
It is a decentralized autonomous organization that is being created to represent more of the Web3 travel industry and to make the conference belong to everyone who wants to join, not just Trips Community.
What is the purpose of creating a treasury with SAFE for the conference?
Money from sponsors, ticket sales, and contributors will come into the treasury, and it will be used to pay for expenses such as the venue, audiovideo and so on. The treasury is managed by a Safe, which is different from a traditional treasury because it is transparent, co-managed and trustless, meaning there is no need to trust one person to manage it.
How does the Safe work?
The Safe is transparent, meaning everyone can see it in real time to the last cent. It is co-managed, meaning a majority of Safe Owners need to approve the transaction. The Safe Manager coordinates actions, but even the Safe Manager has the same privileges as everyone else. This allows for open and trustless coordination to a level unseen before.
Why is the use of SAFE important for the conference?
It allows for open and trustless coordination to a level unseen before, enabling the organization of a large scale, borderless event between perfect strangers. It also allows for programmable communities, meaning the Web3 in Travel 2023 will be managed by a programmable community.
What is a Safe Owner?
A Safe Owner is someone with a key to the Safe, which is a private key or seed words that are managed in a wallet. A key gives the holder the ability to accept or reject outgoing transactions from the Safe, and also a vote on proposals.
How can someone become a Safe Owner?
There are two ways to become a Safe Owner: by contributing funds to the conference or by working on the conference. By providing money and/or work, one becomes a DAO member and will get a proportional part of the potential profits.
Can someone try to “buy” the conference by contributing a lot?
Possibly, but to reduce this risk, the organizers are applying Quadratic Funding, where the number of signatures (votes) you get is not proportional to the amount of money you contribute. This is to reduce the risk of co-opting by wealthy individuals or companies. However, it does not eliminate it completely.
How does Quadratic Funding work?
Under Quadratic Funding, $100 gives you 1 signature (which is 1 vote), $500 give you 2 signatures (2 votes), $1000 give you 3 signatures (3 votes) and for every $1000 more, give you 1 signature (1 vote) up to max 5 signature per person/company. This ensures that big players cannot buy the project by contributing a large sum of money.
Is contributing to the conference on request or permissionless?
Contributing is on request, not permissionless.
How can you contribute to the work and earn a vote?
By helping consistently until the conference, during the conference, and after the conference. Each type of contribution earns a signature, which is equivalent to one vote and part of the profits.
How often are the weekly meetings for those helping until the conference?
The weekly meetings are on Zoom on Wednesdays at 20:30 Barcelona time.
What is the attendance requirement for those helping until the conference to qualify for a signature?
A 70% attendance rate is required.
How is the profit distributed among Safe Owners?
The profit is distributed amongst the Safe Owners by the Safe Owners.
Who is responsible for paying taxes on the profits?
Individual or company contributors who received some profit are responsible for declaring and paying taxes on it.
What is the role of the fiat bridge in this conference?
The fiat bridge is a company that takes care of the fiat transactions and provides receipts/invoices for the expenses to the DAO, who will then pay them out.
How does the sponsorship work?
The sponsorship allows your company name to be displayed on all NFT tickets immediately. If someone else wants to sponsor the event and pays 20% more, they will take over the sponsorship and you will receive your 500 MATIC back. The auction for the sponsorship will end on 14/05/2023 at 22:00 Barcelona time.
Are the NFTs immutable?
No, these are SVG (image based on text) NFTs and they can be updated by the contract.
What blockchain is the event using?
The event is using the Polygon Chain.
Where can I buy MATIC?
You can buy MATIC here with the credit card and have them in your wallet very quickly https://ramp.network/buy/?defaultAsset=MATIC
The conference aims to bring transparency and inclusion to conferences, and is also an opportunity for the organizers to try new things and have fun learning by doing.
How can I sponsor the “Web3 in Travel” event?
You can sponsor the event by going to https://barcelona.ticket.web3intravel.com/#Sponsorship, connecting your wallet, inserting your company name, signing the transaction, and paying 500 MATIC.
How does the sponsorship work?
The sponsorship allows your company name to be displayed on all NFT tickets immediately. If someone else wants to sponsor the event and pays 20% more, they will take over the sponsorship and you will receive your 500 MATIC back. The auction for the sponsorship will end on 14/05/2023 at 22:00 Barcelona time.
Are the NFTs immutable?
No, these are SVG (image based on text) NFTs and they can be updated by the contract.
What blockchain is the event using?
The event is using the Polygon Chain.
Where can I buy MATIC?
You can buy MATIC here with the credit card and have them in your wallet very quickly https://ramp.network/buy/?defaultAsset=MATIC