Every term, plainly defined.

Application Binary Interface — the specification that defines how to interact with a smart contract's functions and events.

Average Daily Rate — the average revenue a hotel earns per occupied room per night. Key metric used to measure pricing power.

An Asia-focused online travel agency (part of Booking Holdings) that charges hotels commissions typically in the 15–20% range.

Online marketplace for short-term rentals. Charges hosts ~3% + guests 14–20% service fee; total take from booking ~17–23%.

Free distribution of tokens to existing holders or to specific community members. Tratok has not conducted airdrops.

Automated Market Maker — a decentralised exchange design that uses liquidity pools and a pricing formula instead of an order book.

A programmatic interface for accessing travel inventory, pricing, availability, or booking — e.g., Tratok Labs APIs for accommodation, car rental, and cruises.

All-Time High / All-Time Low — the highest or lowest price an asset has ever traded at. TRAT's ATH is $1.21 (21 April 2021).

Best Available Rate — the lowest publicly available rate at a hotel. Rate-parity clauses force operators to match it across OTAs.

The Binance Smart Chain equivalent of ERC-20 — a fungible token standard. wTRAT uses BEP-20 on BSC.

Centralised cryptocurrency exchange. TRAT's current CEX listing (TRAT/USDT pair).

World's largest OTA (owned by Booking Holdings). Hotel commissions typically 15–20%.

A mechanism that moves tokens between separate blockchains. Tratok operates a lock-and-mint bridge between Ethereum and BSC at bridge.tratok.com.

Binance Smart Chain (now BNB Chain) — an EVM-compatible blockchain with lower fees than Ethereum. The destination chain for the Tratok Bridge.

Centralised Exchange — a crypto trading venue operated by a company that custodies user funds. Example: BitMart.

Software that syncs a hotel's inventory and rates across multiple OTAs and booking platforms. Tratok integrates with leading channel managers.

A card-issuer reversal of a previously processed payment. Operators typically hold 1–2% reserves against chargeback risk for 90+ days.

Third-party price-tracking sites. Tratok is listed on both.

The unique on-chain identifier for a smart contract. TRAT's current contract: 0x35bC519E9fe5F04053079e8a0BF2a876D95D2B33.

Who controls the keys to a wallet. "Self-custody" = you hold the keys. "Custodial" = a third party holds them on your behalf.

The number of fractional places a token supports. TRAT has 5 decimals (smallest unit: 0.00001 TRAT). Most tokens use 18.

Decentralised Exchange — an on-chain trading venue. No custodian; trades settle via smart contracts.

A booking made directly with a hotel/operator rather than through an OTA. Highest-margin channel for operators.

The Ethereum standard for fungible tokens. TRAT is an ERC-20 token.

A smart contract that holds funds until a condition is met. Tratok uses escrow contracts to hold booking payments until check-in is confirmed.

The primary Ethereum block explorer. Verify TRAT: link.

Ethereum Virtual Machine — the runtime that executes smart contracts. EVM-compatible chains include BSC, Polygon, Arbitrum, Optimism.

Large US-based OTA. Charges hotels commissions typically 15–25%.

Fully Independent Traveller — a guest booking without a group tour or corporate travel desk.

The markup over mid-market exchange rate charged when converting currencies. Typically 1–3% in card payments. Zero in TRAT (same token globally).

The fee paid to the Ethereum network to include a transaction in a block. Variable, measured in gwei. L2s (Polygon, Arbitrum) charge much less gas than Ethereum L1.

Tratok's application-layer transaction framework for faster, safer booking settlement. Handles batching, fraud screening, and cross-chain routing on top of the ERC-20 contract.

The operator-facing Tratok platform. Hotels, activities, and restaurants manage inventory and payments from one dashboard.

Know Your Customer — identity verification required for regulated financial activity. Required on CEXes like BitMart; not required to hold or transact TRAT on-chain.

Layer 1 = base chain (Ethereum). Layer 2 = a secondary chain built on top for scale/speed. TRAT's canonical contract is L1 Ethereum; wTRAT is bridged to L1 BSC.

A pair of tokens deposited into an AMM that lets users swap between them. LPs earn fees from each trade.

A bridge design where tokens are locked on the source chain and equivalent tokens are minted on the destination chain. Reverses with burn-and-unlock.

The most widely used Ethereum browser wallet. The default wallet supported by the Tratok Bridge.

A wallet or contract that requires signatures from multiple keyholders to execute. Used in the Tratok Bridge custody to prevent single-point-of-failure.

The wholesale rate a hotel offers to an OTA, before the OTA's markup. Contrasted with "retail" rate shown to guests.

A participant in a blockchain network that stores and verifies transactions. Services like Infura and Alchemy provide RPC access to nodes.

Data or transactions recorded on the blockchain itself — permanent, public, and verifiable by anyone.

Online Travel Agency — platforms like Booking.com, Expedia, Airbnb, Agoda. Typically extract 15–30% of gross booking value in commissions.

Property Management System — the core software hotels use to manage reservations, check-ins, rooms, and billing.

The cryptographic pair that controls a wallet. Public key = address (shareable). Private key = the secret that signs transactions (never share).

Contractual clause requiring hotels to offer OTAs rates no higher than on their own direct channels. Limits direct-booking competition.

Revenue Per Available Room — ADR × occupancy. The single most-watched hotel performance metric.

Remote Procedure Call — the standard protocol for reading blockchain state. Providers include Infura, Alchemy, QuickNode.

12-24 words that restore access to a crypto wallet. Never share, never store digitally. Anyone with the seed controls the wallet.

Tratok's planned gamified travel rewards and loyalty programme.

Self-executing code deployed to a blockchain. The TRAT token itself is a smart contract.

The main programming language for Ethereum smart contracts. TRAT's current contract uses Solidity v0.8.26.

Locking tokens in a smart contract to secure a network, earn rewards, or participate in governance. Planned via Tratok Tower.

The ticker symbol for the Tratok token.

The legal entity operating the Tratok ecosystem.

The developer portal at developer.tratok.net. Exposes accommodation, car rental, and cruise APIs.

Tratok's planned staking and governance module for on-chain protocol decisions.

Travel & Entertainment — corporate budgeting category covering employee travel, hotels, meals, and related expenses.

The UN's specialised tourism agency. Publishes global tourism statistics including the 1.52B international-traveller figure.

A token that grants access to a product or service — e.g., booking travel on the Tratok platform. Contrasts with "security token."

Smart contract source code that's been compiled and matched to the on-chain bytecode on a block explorer. Allows anyone to read the contract logic. TRAT v3 is verified on Etherscan.

Software or hardware that stores cryptographic keys and lets a user sign transactions. MetaMask, Ledger, Trust Wallet, Coinbase Wallet, etc.

Tratok's canonical technical/economic document. Version 1.4.

World Travel & Tourism Council. Publishes the widely-cited $11.7T global travel industry valuation.

Wrapped TRAT — the BEP-20 representation of TRAT on Binance Smart Chain, issued 1:1 via the Tratok Bridge.