Dtravel, the first ever home-sharing decentralized autonomous organization (DAO) in the home-sharing space, with more than 200,000 properties on its books, will be listed on the MEXC Global and Bybit Launchpad this week.
Dtravel is a community-led DAO that operates a home-sharing platform. Instead of it being controlled by C-level management, Dtravel is controlled by its community that is made up of hosts, guests and token holders.
Dtravel is powered by the native token TRVL. Anyone who holds the token is a member of the Dtravel community and gets a say in the direction of Dtravel.
Moreover, the project has allocated 50% of total TRVL to the community, including an allocation to decentralized finance- (DeFi-) enabled Protection Pool for the hosts who use the platform, giving peace of mind for hosts to list their property with Dtravel.
Additionally, the TRVL token is critical for the operations of the Dtravel Support-to-Earn program, the Premium nonfungible token (NFT) membership and more.
Dtravel was formed by former executives from corporate giants such as Airbnb and Expedia with the support of crypto and blockchain experts worldwide. The aim of Dtravel is to “repair the broken relationship between hosts and guests created by existing centralized home-sharing platforms.”
The Dtravel DAO has raised around $7 million from notable investors as well. The platform offers a range of services that differentiate it from competitors:
- Reduced fees: Hosts pay 0% fees while guests save compared to other home-sharing platforms
- Community driven: The community makes most of the decisions without external influence, allowing for smooth governance
- Payment options: There are multiple payment options on the platform and guests can choose to pay with Tether (USDT), Bitcoin (BTC) or Ether (ETH) and TRVL once it launches.
While talking about the platform and its place in the decentralized world, growth lead of Dtravel Cynthia Huang said:
“The availability of live bookings on the Dtravel platform represents a massive accomplishment for the Dtravel team and redefines the home-sharing economy, shifting more control back into the right hands: those of the hosts and guests. We can think of no better avenue to facilitate the transition to Web 3.0 than the travel industry.”
With two world-class cryptocurrency exchanges partnering, MEXC Global and Bybit will continue to invest in other crypto projects to boost their services and benefit their combined user base of more than 10 million people.
The TRVL token is set to launch on Nov. 26 in a much-anticipated initial exchange offering (IEO) on the MEXC Global and the Bybit Launchpad.
About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over seven million users, which offers users one-stop services including spot, margin, leveraged exchange-traded funds (ETFs), derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto users can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support to retail and institutional clients around the world. Bybit strives to be the most reliable exchange for the emerging digital asset class.