Bali coin is a cryptocurrency created with the purpose of being used as a means of payment in the tourism industry. Some of the use case scenarios include hotel bookings, ticket reservations, and car rentals. BALI is an open-source token that uses advanced Ethereum blockchain technology.

The travel industry is the world’s second-fastest rising sector internationally that employs more people than the global manufacturing, mining, automotive, and financial sectors combined. The development of information technology has changed the way people interact, including sharing tourism information and using social networking sites and mobile phones. The countries that have experienced development in tourism show that there has been an increase in the number of internet users and, thus, the use of online payment tools cannot be ignored by the tourism industry.

With Bali coin (BALI), money transfer becomes strictly confidential and private. Money can be transferred to the recipient directly without intermediaries. The team BALI seeks to innovate its capacity and become a central smart contract system in the travel and tourism world.

BALI coin is an ERC20 token.  Backed up by Ethereum blockchain, the coin is secure. It charges relatively lower fees and is user-friendly with the Bali Coin wallet application for smartphones.

The BALI coin has a total supply of 70 million tokens and uses a proof-of-work algorithm as a consensus mechanism.

BALI Coin was founded by Yusnan Gisting, Adam Yusfan Edwin, Imelda Febrianti, and Alexander Amalo in 2017. Yusnan is the CEO who had worked as a tourism expert and board member of the Indonesian Hotels and Restaurants Association in the past.