Introduction:
Exploring and travelling is one of the most informative and best hobbies one could have. Be it business or pleasure everyone has to travel from one place to another for a purpose. With travelling there are numerous factors that come attached with it like how do plan your travel, the duration, how exactly are you going to spend your time there and what not. Travelling industry is always booming and is not hugely affected with inflation and the market is hot all the year round. Most places have a lot to offer than people expect and often happen is that they get a change from their routine lives and have the time and atmosphere to gain some health, peace and happiness. But the main issue that bothers much is the stay related to the travel and how much assured are you about the stay that you booked online.
The current trend of booking the hotels online have although made the search process easy and gives the user freedom to choose in what room they will be staying. But this phase has saturated and needs some concrete up-gradation that will deal with the fraud cases that have been having with people over online booking for stays. There has been events where people have been duped for what they paid for and getting something remarkably cheap and poor maintained stays. The online portals hosting these rentals are taking the advantage of the demand scenario and charge exorbitant fees for users on each transaction, which has increased weakness in the marketplace. In less than 10 years, the short-term rental market has impacted the hotel and lodging industry by 0.5 percent year-over-year, estimated at $300 million dollars per year. That percentage represents only a small fraction of the total available accommodation market.
In order to create a healthy marketplace, CryptoBnB is building a next generation marketplace that will cater the needs of short-term online rentals and tenants. CryptoBnB will capture the short-term rental market by combining the existing rental models such as AirBnB with the help of blockchain technology.
All about CryptoBnB:
The main motive of the company is to create a balanced two-sided market between users so that all can reap benefits, CryptoBnB will solve these issues with new process and technology.
The CryptoDNA protocol which is the brainchild of the CryptoBnB will be a unique offering for the people looking to offer rentals and the people searching to stay in some. This protocol is programmed in such a way that it uses the power of blockchain, smart contracts and artificial intelligence to provide better and effective data for the hospitality service marketplace that benefits both the parties the owners and the tenants.
This innovative approach will be a standing point and create new opportunities and CryptoBnB will fill the current loopholes in the system, with the single aim of creating a better user- experience journey for the users by sophisticating the advancements such as improve user authorization by including fingerprint scanner to ensure the authenticity of a user. A trust-based voting platform will be created to allow users to know their peer ratings. The AI will help to make smart choices and will learn to adapt to users preferences.
CryptoBnB won't charge a single penny for transactions and will use Peer-to-peer strategies to create smart contracts and marketing.
As Users Interact with the platform through transactions records will be stored in the wallet which could be accessible for a user through mobile apps or desktops. The search engine takes into account things like user preferences, transaction history, and the actions of other travellers, with the end result being a perfectly matched rental property for the traveller.
Token details for CryptoBnB
There will a total of 1 billion Ckey tokens made available for fundraising. The token sale will commence on 15th January 2018 and will last for a period of 90 days until the tokens are sold. The tokens are provided at an exchange rate of 1 Ckey= $ 0.08. In Order to generate sufficient survival of the company, there will be Hard Cap of $ 12.2 Million and the Soft Cap will be at $1.5 Million. 60% of the total supplies of tokens are available during the ICO. The remaining tokens are dedicated to founders (15%), a reserve fund (12.5%), team (5%), advisors (2.5%), bonuses (2.5%), and bounties (2.5%) All these funds generated from the ICO will be used to build the CryptoBnB marketplace platform.
The token allocation is as follows:
60% - Token Sale
15% - Founders
12.5% - Reserve
5% - Team
2.5% - Bounties
2.5% - Bonus
2.5 – Advisors
Concluding Remarks:
The idea seems to provide some promising growth in the near future, the short-term rentals are at the best of times with people more open to choices which, can even create more room for business. As the Platform is operated under AI there is hardly any chance for fraud and will create more demand in the future. The platform will create a new and better platform for the hospitality sector which is one of the most finance generating sectors of our era.
For more details visit:
Website: https://cryptobnb.io/
Whitepaper: https://cryptobnb.io/downloads/whitepaper_v4.53.pdf
Blog by : Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391