Crypto-endorsing travel booking entity Travala.com is reportedly rolling out a decentralized property rental service, aimed at improving the hosts-guests connection damaged by centralized home-sharing platforms.
Specifically, Travala reportedly disclosed its alliance established with executives who used to work at Airbnb, Expedia, and different firms to roll out Dtravel – a decentralized vacation rental platform that can rival big names in the sector.
The platform will reportedly run in a community governance fashion, via Dtravel’s Decentralized Autonomous Organization (DAO), and employ DeFi for the facilitation of smart contracts between hosts and guests.
The platform reportedly revealed that the problems caused by centralized control on home-sharing competitors have resulted in high fees and insufficiency in terms of direct communications between hosts and guests, as well as crypto not being included in the list of viable payment measures.
“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.” Co-founder and Head of Travala Juan Otero reportedly remarked.
Users visiting booking pages are reportedly able to utilize Dtravel’s TRVL token to finalize the payment of accommodations and platform governance participation. Regardless, the token can also assist with staking to satisfy the qualifications for claiming numerous rewards.
The site has reportedly promised to carry out a token distribution equivalent to $35 million across the Binance Smart Chain and the Ethereum Network, for the earliest 100,000 hosts to finalize their registration.