Tourism is one of the most prominent and fast-growing industries in the world. For many countries, the tourism industry is a major source of their revenue. However, the travel sector is not immune to problems. One of the biggest problems of the tourism market is that it’s heavily centralized.
What it means to be centralized is that the tourism sector is heavily controlled by centralized entities and middlemen. For instance, a big chunk of the industry’s profits goes to middlemen and agents as a part of their commission. At the same time, too much control in the hands of middlemen and third parties also increases the risk to the privacy and security of customers. Also, the risk of failure due to human errors or mismanagement is higher.
Orfeus Network is a blockchain-based decentralized tourist ecosystem that aims to remove middleman commissions from travel bookings, allowing customers to travel cheaply.
In fact, the Orfeus Network was created on the principle of NO CHARGE OF COMMISSIONS. Customers who use the Orfeus Network platform for travel reservations such as hotel or flight bookings will NOT have to pay any commission.
However, unlike other blockchain-based tourism platforms, the Orfeus Network doesn’t intend to eliminate tour operators. Instead, we will give them the opportunity to create tour packages and plan trips by using the advanced tools offered by the Orfeus Network.
The covid-19 pandemic hit the world in late 2019, and tourism was one of the most severely impacted industries. While people were confined to their homes and unable to travel, tourism companies had to upgrade themselves to fit the new normal, which includes making proper arrangements to keep their customers safe from viruses like covid-19. On the same lines, the Orfeus Network is building its travel ecosystem with a major focus on ensuring that customers are well-protected from viruses and other infectious diseases.
Features & Services of the Orfeus Network
• Decentralized Reservations
• Decentralized Sales Team
• Decentralized Reviews
• Decentralized Reference System
• Decentralized Management
When building the Orfeus Network, the focus was on selecting the right technologies that can help create a truly decentralized tourism ecosystem and to build a community of supporters and advocates whose goals are aligned with that of the Orfeus Network.
Orfeus Token is the native utility token for the Orfeus Network and will act as the fuel to power all services offered by platforms of the Orfeus Network. Holders of Orfeus tokens will automatically become members of the Orfeus Network and will be eligible to vote on important proposals and decisions of the project.
How members make profits from the Orfeus Network
The Orfeus Token is created as a reward token that pays rewards to members for using tokens for payments of their bookings and other travel purchases.
A dedicated Community Fund is created. “Each month, the members of the ORFEUS network will set aside 1% of all their income in ORFEUS tokens and add them to the Community Fund, whose balance is publicly visible. The funds in the Fund will be distributed by the community through "Community Vote" This aims to increase the applications and value of the Orfeus token and ensure transparency.
Not only will users get discounts on their travel bookings using the Orfeus token but also they will not have to pay any commission to any third-party or mediator or agent for these bookings. In addition, the network users can earn profits by writing reviews, increase in the token value, trade tokens for a profit, loyalty bonuses and rewards, etc.
More information about the project check out the links below:
Homepage: https://orfeusnet.eu/
Blog: https://medium.com/@orfeus.network
Whitepaper: https://bit.ly/3kFLxcs
Facebook: https://www.facebook.com/orfeustoken
Twitter: https://twitter.com/NetworkOrfeus
Telegram: http://t.me/orfeus_network
Youtube: https://www.youtube.com/channel/UCU9YwVfIY-OYglyUrhqdWJg
Also, the risk of failure due to human errors or mismanagement is higher.
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