Australia, July 21, 2021 /AlexaBlockchain/ – Decentralized Home-sharing Platform Dtravel has added over 200,000 properties in more than 2,000 cities in just around one month of its launch. The newly launched home-sharing platform is growing much faster than its rival Airbnb.
The Dtravel platform was launched last month by former executives from Airbnb, Expedia, and other travel technology companies with support from Binance-backed Travala.com. Dtravel is backed by a $5 Million 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.
Dtravel Growing Faster Than Airbnb
Dtravel is adding properties to its platform around 120 times faster than Airbnb. Dtravel achieved a milestone of 200,000 properties listing in its first 30 days of launch which is really commendable as Airbnb was able to add just 50,000 properties in 2.5 years.
Dtravel said that it has added 200,000 properties in its first 30 days through a combination of individual hosts listing their properties on the decentralized home-sharing platform and strategic partnerships with large property managers like Ministry of Villas and In Residence. More partnerships are being finalized and will be announced soon.
Dtravel has set a goal of listing over one million vacation rentals within its first 12 months of launch.
Commenting on the sharp uptake of Dtravel platform, Luke Kim, Marketing Lead at Dtravel, said:
“The next generation of hosts want a true sharing economy, not a shareholder economy. Dtravel is the opposite of a centralized company; decision making power and value within the platform are shared by members of the community, meaning hosts and guests.”
Dtravel Value Chain
Dtravel Decentralized Autonomous Organization (DAO)
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.
TRVL – Dtravel Native Token
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.
Key contributors to Dtravel
There are currently over 30 people contributing to Dtravel, including former executives from Airbnb and Expedia, Booking.com cofounder Sicco Behrens, and decentralized finance (DeFi) architect Andre Cronje, with plans to expand the team to over 100 by the end of the year according to Drew Currah, Finance Lead at Dtravel. Contributors primarily work on Dtravel through Genesys Partners.
Samy Karim, Binance Smart Chain Ecosystem, said:
“Dtravel is an example of how decentralized products will sooner or later replace centralized products. It delivers true asset management ownership without having to pay for it. The Binance Smart Chain (BSC) ecosystem is all about projects that build the bridge between DeFi and real-life utility and we’re thrilled to see DTravel become a part of it.”
Governed entirely by its community through the Dtravel Decentralized Autonomous Organization (DAO) and leveraging DeFi blockchain technology to facilitate smart contracts, Dtravel repairs the broken relationship between hosts and guests created by existing centralized platforms to deliver the world’s first true sharing economy. A DAO is akin to a digital cooperative where holders of a certain token are members and decision makers. All hosts get the benefit of having Dtravel tokens (TRVL) and paying 0% fees per booking.
Property Booking Expected In The Next Three Months
Dtravel platform is likely to launch property bookings in the next three months, offering hundreds of thousands of vacation rentals powered by its native token (TRVL).
Pieter Brundyn, CEO at In Residence, commented:
“With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager hosts what has been missing to date: control and ownership over the booking experience.”
This new home-sharing platform enables property owners not only get maximum benefit from the deal but also ability to really govern the system and have a true sense of ownership. It will also allow users to earn additional revenue by referring hosts and guests, as well as by participating in user support, community forums and troubleshooting.