Travala Launches Blockchain-Based Airbnb Competitor

Key Takeaways

  • Travala is launching Dtravel, a blockchain-based Airbnb competitor.
  • The site will accept Bitcoin and cryptocurrency payments, and it will be governed by a community-operated DAO.
  • Early registrants will receive a collective total of $35 million in cryptocurrency as an incentive to join the home sharing site.

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Travel booking site Travala announced a blockchain-based Airbnb competitor called Dtravel via a press release today.

Dtravel Offers Low Fees and More

Dtravel will be modelled after home-sharing sites like Airbnb, but will offer greater benefits to homeowners who make use of the service.

The platform’s press release notes that home-sharing companies gradually lose alignment with their users. It notes: “With the need to return profits to shareholders, [those platforms] are forced to extract as much as possible from transactions on their platforms.”

Whereas mainstream travel booking sites set fees around 20%, Dtravel promises to provide fees as low as 7.5%. It will accept several cryptocurrencies as payment, including Bitcoin and its native TRVL token. Dtravel will also offer community governance, allowing hosts, guests, and coinholders to vote on decisions via a DAO.

The first 100,000 users to join the platform will collectively receive more than $35 million worth of the TRVL token as an incentive.

Dtravel has attracted $5 million in backing from a seed round that involved several VC investors. Participants include Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital and NGC Ventures.

Travala Is a Top 200 Crypto

Travala was founded in 2017 as a crypto-powered booking site for hotels, flights, and activities. It gradually expanded payment options to include Bitcoin and various other cryptocurrencies.

The company then began to offer a native cryptocurrency token, AVA, in 2018. Recently, the AVA token was migrated to Binance Smart Chain. Travala is additionally…

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