General Overview

A local currency which can be used to exchange for services at other establishments (accommodation or activities), or exchanged for cash on the TravelSwap-Exchange.

When you accept a swap request, you receive a token amount equal to the currency rate you would have charged a non member for the duration of the stay; for example accepting a 2 night stay through TravelSwap.co.za which is listed on your website for R3,800 will earn you T3,800 tokens.

You can then use your tokens to book accommodation at any establishment listed on the TravelSwap.co.za network, or exchange them for cash on the TravelSwap-Exchange at R0.50 per token.

I you own a travel & tourism related establishment, YES.Travel and tourism activities have a natural cycle of high and low linked to seasonality. During times of lower demand, unused services result in opportunity costs for those establishments.

TravelSwap.co.za helps you capture opportunity costs the form of tokens, which can be utilised by:

Directly trade with other members for their services (accommodation, activities or services).
Selling on the TravelSwap-Exchange for cash.

“Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making. While financial reports do not show opportunity costs, business owners often use the concept to make educated decisions when they have multiple options before them. Bottlenecks, for instance, are often a result of opportunity costs.” – Investopedia

General Overview

Tokens Overview