Dtravel

About Dtravel

{"time":1704989015000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Dtravel is a decentralized and community-owned home-sharing marketplace","Leveraging blockchain technology, Dtravel offers substantially lower fees than other booking platforms and accepts cryptocurrency payments","Advised and led by former executives from Airbnb, Expedia, Cardano and others, Dtravel has raised more than $7M from top-tier VCs."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"A decentralized platform for the home-sharing economy"},"type":"header"},{"type":"paragraph","data":{"text":"Dtravel is a decentralized platform for members of the home sharing economy that facilitates short-term accommodation discovery, bookings and payments, with up to 50% lower fees than competing platforms. Guests are able to make and receive payments with fiat currencies and popular cryptocurrencies, including the utility token that powers Dtravel: TRVL."}},{"type":"paragraph","data":{"text":"Dtravel is a decentralized autonomous organization (DAO): a community-owned and governed ecosystem that operates for the benefit of its community members comprising hosts, guests, contributors and TRVL token holders."}},{"type":"paragraph","data":{"text":"Through the Dtravel protection pool, hosts have peace of mind with a minimum of $1M in property protection. The Dtravel roadmap includes tokenized room nights represented by non-fungible tokens (NFTs), custom loyalty programs for hosts, and further platform suggestions as proposed by the community."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/knbxjgt66g06ihpcv6xcolcm0lkb","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/knbxjgt66g06ihpcv6xcolcm0lkb"}}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"Outdated corporate models no longer serve their users"},"type":"header"},{"type":"paragraph","data":{"text":"Web 2.0 enabled a new kind of network to thrive, connecting a two-sided marketplace that had never before had the ability to connect and engage. However, Web 2.0 centralized networks are limited by their corporate structure and objectives to maximize shareholder returns. This has led to the misalignment of values, purpose and power between platforms and their users who ultimately drive platform growth and value."}},{"type":"paragraph","data":{"text":"As the relationship between centralized platforms and their users has become more transactional and commoditized, there has become a widening gap between participants and the platforms they use, with none of the value going back to hosts and guests, despite these participants creating most of the value."}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"A new kind of home sharing ecosystem that allows equal opportunities for participation"},"type":"header"},{"type":"paragraph","data":{"text":"Web 3.0 now enables new types of networks to be built, which changes the power dynamics between platform members and the platform, making it fairer and interests more aligned. Dtravel is building this new organizational structure that enables and delivers on the promise of a true sharing economy and community."}},{"type":"paragraph","data":{"text":"Dtravel is community-governed, contributor led, crypto native and economically fairer to all participants through lower fees. Platforms facilitating bookings between property hosts and guests should provide an opportunity for all users to voice their preferences, vote on decisions, and contribute directly toward the growth and success of the entire ecosystem. After all, who better to make these decisions than those using the platform?"}},{"type":"paragraph","data":{"text":"Dtravel’s decentralized home sharing model specifically solves the following issues with traditional platforms:"}},{"data":{"items":["Disintermediation: Dtravel's platform seeks to foster a true marketplace for hosts and guests, where communication is free and the inherent peer-to-peer experience of home sharing is encouraged.","Low fees: with nominal total fees of 10% and effective total fees that can be as low as 5%, Dtravel's fee structure is affordable and community-governed.","Fair distribution of value from synergistic effects: all the effective total fee revenue goes to the Community Treasury, thereby being distributed to the very community that generated the value.","Decentralized dispute resolution: Dtravel will decentralize dispute resolution through its Support-to-Earn approach.","Clear rewards: community members with premium membership and star hosts and star guests receive tangible rewards in TRVL and a member's loyalty is rewarded with cashbacks.","Transparency: by adopting Web3 technologies and the ethos and practices of blockchains, cryptocurrencies and DAOs, Dtravel will naturally inherit high transparency."],"style":"unordered"},"type":"list"},{"type":"paragraph","data":{"text":"Through the pillars above, Dtravel will restore trust among hosts and guests in their own platform. By empowering hosts and guests to transact in a peer-to-peer manner and distributing the benefits of this relationship to both parties directly, Dtravel drives the organic growth of a community-governed travel ecosystem that provides unmatched value for hosts and guests alike."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Transaction fees drive the development of Dtravel"},"type":"header"},{"type":"paragraph","data":{"text":"Dtravel’s business model is relatively simple, as its main revenue source is booking fees. 1% of the booking fees will go toward the Protection Pool to provide hosts protection from property damage. The remainder of the fees go into the community treasury, for operations and other platform needs."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"Dtravel at the intersection of two massive industries experiencing exponential growth"},"type":"header"},{"type":"paragraph","data":{"text":"The sharing economy is a socio-economic system built around the sharing of privately owned resources. In the accommodation sector, this usually takes the form of excess capacity, such as a spare room or an entire home that isn’t being used to its fullest capacity. In recent years, the home sharing economy has grown rapidly and now accounts for a significant portion of the overall vacation rental market, with the home accommodation type accounting for approximately 47% of the market."}},{"type":"paragraph","data":{"text":"In 2019, the global vacation rental revenue was estimated at US$87 billion and the revenue from online bookings, which accounted for only 28.8% of the total (offline + online) revenue, was predicted to expand at a compound annual growth rate (CAGR) of 4.3% between 2020 and 2027."}},{"type":"paragraph","data":{"text":"The trends of remote work and digital nomadism, which have been accelerated by the COVID pandemic, could lead to even faster growth for the home sharing sector. In the USA alone, the number of digital nomads more than doubled, from 4.8 million in 2018 to 10.9 million in 2020 and there are predictions of a billion digital nomads globally by 2035."}},{"type":"paragraph","data":{"text":"Another important trend to factor in is the rise of Millennials and younger generations, who have been a major driving force behind the rapid growth of the home sharing economy. Furthermore, by the time that Millennials and younger generations become the dominant demographic group for bookings, it is likely that cryptocurrencies will be a preferred form of payment and elements of tokenization will be common. This trend is already occurring on blockchain-based travel platforms today. For example at Travala.com, 70% of all bookings are paid for with cryptocurrencies and thousands of users are subscribed to token-based loyalty programs."}},{"type":"paragraph","data":{"text":"This opens the unique opportunity for Dtravel to leverage the convergence of these two trends and sit at the intersection of these two massive industries to build the vision of a truly decentralized home sharing ecosystem that benefits all its community members."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"$7M raised from top-tier VCs"},"type":"header"},{"type":"paragraph","data":{"text":"Dtravel has raised a $7M seed 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, including former executives at Airbnb, Expedia, Uber and Google.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/73ogflkyjcj07mpfk9h82nac7bwb","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/73ogflkyjcj07mpfk9h82nac7bwb"}}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"level":1,"text":"Genesys Partners is leading the development of Dtravel"},"type":"header"},{"type":"paragraph","data":{"text":"Genesys Partners is made up of blockchain veterans and former executives from Airbnb, Booking.com, Expedia, Travala.com, Cardano (IOHK) and Yearn Finance. Notable contributors and advisors include Bruno Paleo, former Director of Engineering at Cardano, DeFi architect and founder of Yearn Finance Andre Cronje and Booking.com co-founder Sicco Behrens. The contributing teams are projected to grow to 100 people within a year.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/l9t2pym7body5igha5rebvu8fund","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/l9t2pym7body5igha5rebvu8fund"}}},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"TRVL tokens drive the Dtravel ecosystem"},"type":"header"},{"type":"paragraph","data":{"text":"The TRVL token is the native token of Dtravel, powering its self-driving economy. It derives its utility from 4 purposes: Travel, Loyalty, Protection and Governance. The maximum supply of TRVL is fixed at 1 billion."}},{"type":"paragraph","data":{"text":"The Token Distribution has been designed to ensure a gradual increase of the circulating supply of TRVL, to align the interests of the community, investors, core contributors and advisors, and to ensure long-term sustainability.\r\nDtravel has allocated 90M TRVL to be distributed as rewards to the early hosts and guests who complete bookings on Dtravel.\r\n"}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/030l22nv87xuz0lsoe2n5d940ths","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/030l22nv87xuz0lsoe2n5d940ths"}}}],"version":"2.27.2"}