Dtravel Released by Travala: a Blockchain-based Airbnb competitor

Dtravel Released by Travala: a Blockchain-based Airbnb competitor

BUSINESS | Jun 17, 2021 | WOZINGA NEWS

Dtravel Released by Travala: a Blockchain-based Airbnb competitor

  • Travala backed by Binance introduced Dtravel, a Blockchain-based Airbnb competitor.
  • Dtravel is a decentralized vacation rental service that gives homeowners a stake in the platform.

By Elah Mae Ariate Wozinga Journalist

Travala.com booking site backed by Binance is launching Dtravel. It is a blockchain-based Airbnb competitor. Dtravel is a decentralized vacation rental service that gives homeowners a stake in the platform. 

Travala.com, founded in 2017, is a centralized booking site that allows travelers to pay for accommodations. Also, flights, and activities using its native token AVA, as well as 40 other cryptocurrencies. It has over 3 million listings — including flights, hotel accommodations, and activities. Also, it generates over $1 million in revenue per week, with more than 70% paid in cryptocurrency.

According to Globe Newswire, former executives from Airbnb, Expedia, and other global technology companies have teamed up with Binance-backed Travala.com to launch Dtravel.

Dtravel has much to offer

Dtravel will be modeled after home-sharing sites such as Airbnb. However, according to the crypto briefing, it will provide more benefits to homeowners who use the service.

According to the platform’s press release, home-sharing companies gradually lose alignment with their users. “With the need to return profits to shareholders, [those platforms] are forced to extract as much as possible from transactions on their platforms,” the report says.

Whereas most mainstream travel booking sites charge around 20%, Dtravel promises to charge as little as 7.5 percent. It will accept a variety of cryptocurrencies, including Bitcoin and its native TRVL token, as payment. Dtravel will also provide community governance, allowing hosts, guests, and coin holders to vote on decisions through a decentralized autonomous organization (DAO).

As an incentive, the first 100,000 users to join the platform will receive more than $35 million in TRVL tokens.

Dtravel has received $5 million in funding from a seed round led by several venture capitalists. Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital, and NGC Ventures are among the investors.

The Platform’s goal

“The major purpose of Dtravel is to focus solely on homes, and that homes vertical will be incorporated on the Travala.com platform,” said, Travala.com co-founder and CEO, Juan Otero.

“Dtravel will be built to be a frictionless on-ramp into cryptocurrency, as well as one of the world’s largest and most decentralized DAOs. It could also become one of the best use cases for cryptocurrency. Because travel is one of the best vehicles for crypto adoption, as everyone travels, especially as we move into the post-covid phase,” he said.

Do you agree with Otero, "Travel is one of the best vehicles for crypto adoption"?

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