Introducing Dtravel, a Blockchain-based Airbnb Rival

SYDNEY, Australia, June 16, 2021 (GLOBE NEWSWIRE) — Former executives from Airbnb, Expedia, and other global technology companies have joined forces with Binance-backed Travala.com to launch Dtravel, a decentralized platform for the home-sharing economy facilitating short and long-term stays payable with cryptocurrency and traditional payment methods.

Dtravel is backed by a $5M seed fundraising round from Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital and NGC Ventures, as well as several angel investors.

“Traditional home sharing platforms are aligned with their users in the early stages, but over time this changes. With the need to return profits to shareholders, home-sharing platforms are forced to extract as much as possible from transactions on their platforms.” -Juan Otero

Governed entirely by its community via the Dtravel Decentralized Autonomous Organization (DAO) and leveraging decentralized finance (DeFi) blockchain technology to facilitate smart contracts, Dtravel repairs the broken relationship between hosts and guests created by existing centralized home-sharing platforms to deliver the world’s first true sharing economy.

Dtravel is powered by its native token TRVL — coming soon to Binance Smart Chain and the Ethereum Network — which is held by all hosts and can be used for booking stays, staking to qualify for rewards, participating in platform governance, and more.

The first 100,000 hosts to register are eligible to receive over $35 million worth of TRVL tokens.

“Traditional home sharing platforms are aligned with their users in the early stages, but over time this changes. With the need to return profits to shareholders, home-sharing platforms are forced to extract as much as possible from transactions on their platforms,” said Juan Otero, co-founder and CEO of Travala.com. “Dtravel meets the needs of the home-sharing community first and forever. It’s easy-to-use, highly secure, and optimized for the next generation of hosts and guests looking to take back control of their travel experience.”

The Problem: Too Much Control in the Hands of Too Few
Over the past decade, a limited number of corporations have risen to dominate the home-sharing economy. Though this structure has led to dramatic growth of the home-sharing economy, it has done so at a cost, including:

  • High fees – existing players charge fees up to 20% of the total booking cost
  • Centralized and controlled communications – loss of direct host-guest relationships
  • Transactional processes, not relationships – a shift from encouraging high-value, peer-to-peer relationships to transactional ones
  • Lower levels of trust – trust between hosts and guests, as well as towards the platforms themselves, has been eroded
  • Payment options – existing players don’t accept payment in cryptocurrencies

The Dtravel Solution: Community-governed, Peer-to-peer, DeFi Native
Dtravel aims to replace the broken relationship between centralized home-sharing corporations and their hosts and guests by putting ownership, control, and decision making back into the hands of users through blockchain technology. In doing so, Dtravel can:

  • Reduce fees – instead of fees as high as 20%, fees on Dtravel are only 7.5%
  • Give a voice back to the community – the Dtravel DAO enables hosts and guests to directly influence the direction, operations and governance of Dtravel
  • Expand payment options – enable various cryptocurrencies, including Bitcoin, to be used for payments that lower the cost of transacting compared to traditional payment methods
  • Align interests – instead of being forced into an extraction imperative common with centralized platforms, use a token to align economic interests of users
  • Provide peace of mind – Dtravel will have a Protection Pool which offers Hosts up to $1,000,000 in property protection
  • Create additional revenue streams – users can earn additional revenue by referring hosts and guests, as well as by participating in user support, community forums and troubleshooting

“Sharing economies are authentic and sustainable only when they are governed and controlled by stakeholders, and the home-sharing ecosystem has been broken for years under outsized control from centralized corporations. It’s time for a community-owned and community-governed replacement,” said Jalak Jobanputra, Founding Partner of Future/Perfect Ventures.

“With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager people what has been missing to date: control and ownership over their own travel experiences. By allowing guests and hosts full participation in their experiences and in the economy they are creating, Dtravel fulfills the true mission of sharing economies.”

For more information and to become a host please visit: Dtravel.com

Learn More About Travala on Say Yes To Travel on June 23rd!

About Dtravel
Dtravel replaces the broken home-sharing economy with a decentralized network that diverts control away from corporations and back into the hands of hosts and guests. Dtravel is built on decentralized finance (DeFi) blockchain technology, owned and governed by its community through the Dtravel Decentralized Autonomous Organization (DAO) and powered by the network’s native token TRVL, bringing more transparency and significantly lower fees to the short- and long-term home rental market.

Joe@serotonin.io

Follow us on social media for the latest updates in B2B!

Image

Latest

AI in content marketing
Generative AI in Content Marketing: Why Creativity & Authenticity Will Make it Work
July 11, 2024

Will 2024 be known as the year AI made waves in content marketing? It sure seems so, with recent AI-driven ads from Toys R Us and Under Armour generating significant buzz online. Not just this: Despite having no official ties to the brand, a mock Volvo ad created entirely by AI has also gone…

Read More
Hiring Made Human: Hiring When You’re a Start-Up
July 11, 2024

The challenges of hiring for a startup have become more pronounced these days than ever. With technological advancements and evolving market demands, startups must be agile and strategic in their hiring practices to ensure success. According to some studies, nearly 90 percent of startups fail, with a significant factor being the inability to attract…

Read More
Focus on the Customer
Fifth Inning – Focus on the Customer
July 11, 2024

In a compelling narrative by Jesse Cole, the Savannah Bananas, a baseball team known for its unconventional approach, has declared advertising dead. Cole emphatically asserts that while advertising may attract customers, it is the fan experience that fosters lasting loyalty. In a bold move, the Savannah Bananas have eliminated all forms of advertising at…

Read More
Dr. Mark Manera talks Trucking Industry
The Trucking Industry Needs a Fitness Overhaul to Jumpstart a Trucking Health Revolution
July 11, 2024

With the trucking industry seeing many changes that prioritize efficiency and productivity, the health of truck drivers has increasingly peaked as a critical concern. With life expectancies for truck drivers averaging 16 years less than the general population, there is an urgent need to address health issues within the industry. Recent initiatives, like the…

Read More