Why is BitBook (BTT) crypto gaining attention of travelers?

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Why is BitBook (BTT) crypto gaining attention of travelers?

 Why is BitBook (BTT) crypto gaining attention of travelers?
Image source: © Blackboard373 | Megapixl.com

Highlights:

  • BitBook (BBT) is a travel platform to book accommodation and earn BBT tokens.
  • The BBT token has a market capitalization of US$1.2 million. 
  • BitBook has a circulating supply of 400 million, the same as its total supply.

Many people have already planned for summer retreats as the hot season starts. These are not virtual tours inside a metaverse but for real. So, how does a crypto platform cater to your traveling needs? That’s what Bitbook.net claims to be all about.

On Monday, BitBook, a blockchain-powered online travel platform, gained traction after announcing a flat 28% cashback on hotel bookings using the BBT token.

BitBook (BBT) token rose 4.56% to US$0.00302 in the last 24 hours to 4:56 am ET, according to Coinmarketcap.com. The BitBook crypto price has been soaring with the mercury rising.

Over the past seven days, BBT advanced around 115% and about 50% in 30 days, as per Coinmarketcap. 


What is Bitbook?

BitBook is a travel platform for booking accommodation and earning BBT tokens. 

The platform offers users opportunities to earn token rewards for travel bookings, including hotels, car rentals, friend referrals, and creating travel content and staking.

BitBook distributes the bonuses between the 25th and 30th of each month, around a month after the stay completes.

After the token is earned, users can store them in a wallet, trade on crypto exchanges or sell them for fiat currencies. Besides, they can stake the token to earn APR or gift it to others.

According to its website, BitBook’s Book & Earn program will continue for 20 years with monthly rewards. The payment is proportional to the revenue generated from bookings.  

The company hopes to distribute 540,000 BBT tokens in monthly rewards between December 2021 to December 2041 (spanning 20 years). BitBook accepts credit cards, such as Visa, MasterCard, American Express, and Discover, for payments. 

Data Source: coinmarketcap.com

BBT token:

BBT token has a market capitalization of US$1.2 million. Its trading volume rose 53.33% to US$6.66 million. The company has a self-reported circulating supply of 400 million BBT tokens, the same as the total supply. The crypto exchanges offering BBT tokens are BitMart, PancakeSwap (V2), and ProBit Global.

Bottom line:

BitBook earns revenue through three streams - a competitive commission model for bookings on its platform, affiliate marketing to sell third-party products, including insurance, flight tickets, etc., and advertisements. 

Although the tourism industry is competitive, BitBook’s bid to combine travel with crypto rewards may have proved effective in attracting customers. However, the crypto market is volatile; investors should exercise due diligence before investing in cryptos. 

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