Expedition Travel
About Demand Pools
Rally a community of fellow adventurers by financially committing to a dream expedition. When enough travelers pledge, we negotiate exclusive deals on your behalf.
What is a Demand Pool?
A Demand Pool is a smart contract that allows multiple users to escrow funds (in USDC) towards a specific group travel package. It's a collective buying tool. If the pool reaches its target funding goal before expiring, Expedition Travel leverages this committed capital to source unique, custom-made travel NFTs, often at a better price.
The Process
- Create or Join: Any user can pay a small fee to create a new pool, specifying their ideal trip and budget. Others can then browse and pledge to join by escrowing the required USDC.
- Funding Goal: The pool aims to gather enough committed funds from participants before the pool's expiration date.
- Sourcing: Once a pool is fully funded, it moves into the "Request In Process" stage. Our partners are notified and begin sourcing the best possible travel options that match the request.
- Success: If a package is successfully sourced, the escrowed funds are used for the purchase, and each participant receives their travel NFT(s) directly to their wallet.
- Failure & Refunds: If a pool expires before reaching its target, or if our partners cannot source the trip ("Failed"), the escrowed funds are **automatically returned** to all participants' wallets. The initial creation fee is non-refundable.
Important Note: Binding Commitment
Pledging to join a Demand Pool by escrowing funds is a binding commitment. You will not be able to cancel your pledge. Your funds remain in the contract until the pool either expires, fails, or is successfully fulfilled. If fulfilled, you will receive your travel NFT(s). If it fails for any reason, your funds will be automatically returned to your wallet.