The central theses
- Travala launches Dtravel, a blockchain-based Airbnb competitor.
- The website accepts bitcoin and cryptocurrency payments and is managed by a community-run DAO.
- Early adopters will receive a total of $ 35 million in cryptocurrency as an incentive to join the home sharing site.
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Travel booking site Travala announced a blockchain-based Airbnb competitor called Dtravel in a press release today.
Dtravel offers low fees and more
Dtravel is modeled on home sharing sites like Airbnb, but offers greater benefits to homeowners who use the service.
The platform’s press release notes that home sharing companies are gradually losing focus on their users. It says: “With the need to return profits to shareholders, [those platforms] are forced to extract as much as possible from transactions on their platforms. “
While the common travel booking sites set fees of around 20%, Dtravel promises fees of only 7.5%. It will accept multiple cryptocurrencies as payment, including Bitcoin and its native TRVL token. Dtravel will also offer community governance, which enables hosts, guests and coinholders to vote on decisions via a DAO.
The first 100,000 users to join the platform will collectively receive a TRVL token worth more than $ 35 million as an incentive.
Dtravel has raised $ 5 million in support from a seed round that involved multiple VC investors. Participants include Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital, and NGC Ventures.
Travala is a top 200 crypto
Travala was founded in 2017 as a crypto-based booking site for hotels, flights and activities. Bitcoin and various other crypto currencies were gradually added to the payment options.
In 2018, the company began offering a native cryptocurrency token, AVA. The AVA token was recently migrated to Binance Smart Chain. Travala will also be supported by Binance thanks to a merger in 2020 with Binance’s similar TravelByBit booking platform.
Travala also teamed up with Expedia in 2020 so that users can pay for Expedia deals on their own website. In March 2021, this partnership was expanded so that users can search for entries faster.
Travala AVA cryptocurrency is currently one of the 200 largest cryptocurrencies in circulation with a market capitalization of $ 170 million.
Disclaimer: At the time of writing, this author held less than $ 75 in Bitcoin, Ethereum, and Altcoins.
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