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Highlights
- Dtravel is a project backed by Binance and former employees of online agencies like Airbnb
- TRVL is the native token of the project, and the IDO will soon go live on Polkastarter network
- Dtravel will use blockchain in travel bookings space to bring cost advantages to all stakeholders
Travel is finally picking up. The blow the pandemic dealt to the travel industry is slowly fading away, thanks to the vaccination drive.
Ever imagined, what can happen if travel is underpinned by the blockchain technology – yes, the same tech that powers Bitcoin and Dogecoin?
At least one project has taken the lead on that front. We’re talking about Dtravel. What Dtravel is doing to Airbnb and Vrbo, Bitcoin has been doing to fiat currencies like the US dollar.
Let’s find out more.
Read more: 5 low-priced cryptos that may script a SHIB-like surge story in 2022
What is Dtravel?
Dtravel is a blockchain-powered platform that connects hosts and guests without any centralized authority like Airbnb in between. This basically translates into a Decentralized Autonomous Organization (DAO) model where users of the network have control over governance.
The project claims to make the sharing economy more ‘shared’ by injecting in its peer-to-peer architecture.
Dtravel was launched by former executives of online travel agencies Airbnb and Expedia. In order to take bookings to blockchain, the project has partnered with Travala.com, a Binance-funded project. Dtravel claims to facilitate travel bookings through smart contracts.
Is Dtravel good for travelers?
The project claims to lower the fee charged on bookings by traditional online travel agencies. Besides, the ownership of cryptocurrencies is on a rise, and holders can use their crypto assets on Dtravel. By being a part of the project, both the host and the guest earn a say in operations and governance. Dtravel also entices hosts by providing a protection pool of up to US$1 million to protect any damages.
As the project uses smart contracts, no centralized authority controls transactions between the host and the guest.
Also read: 7 Altcoins up over 1000% in 2021
TRVL: Dtravel crypto
Dtravel will have a native token TRVL, which will use Binance Smart Chain and Ethereum’s blockchain networks.
TRVL crypto is going for an Initial DEX Offering (IDO) on November 26, 2021. The event shall begin at 12pm UTC, according to a tweet by Dtravel’s official handle. Polkastarter, the network that enables pool and auction of multi-chain crypto assets, will facilitate the IDO. According to CoinMarketCap, 5,555,555 tokens of TRVL crypto will be available in the offering at an ICO price of US$0.09.
The project is aiming to raise US$500,000 through this offering where a maximum of 500 tokens will be up for grab for a single user. Purchases can be made using Ether crypto.
Read more: Is investing in altcoins better than Bitcoin?
Dtravel (TRVL) crypto price prediction
TRVL is launching and it will take some time before any price prediction can be made. Dtravel promises to bring blockchain to travel bookings, and it might become a serious challenger to platforms like Airbnb.
TRVL will be used within the network to make bookings, participate in voting, and earn rewards. Price in the short-term may be influenced by speculation, but medium-to-long term price movement will depend on how the platform succeeds in bringing hosts and guest onboard.
Bottom line
TRVL crypto is the new entrant in a world of cryptocurrencies. It comes with a promise of making travel bookings easier and cheaper by using decentralized ledger. It claims users will be the ultimate influencers in the governance and there will be no centralization of power like it exists in traditional booking. TRVL will subsequently be listed on a crypto exchange and the demand and supply forces will decide the price. As travel picks up in North America after a period of lull, Dtravel might become an interesting watch due to the craze for its underlying tech, blockchain.
