TRVL (TRVL)

What is DTravel (TRVL)?

DTravel is a blockchain-based platform designed to disrupt the home-sharing economy, often compared to Airbnb. It facilitates short and long-term stays and allows payments in both cryptocurrency and traditional methods. The platform is decentralized and governed by its community through a Decentralized Autonomous Organization (DAO). It utilizes decentralized finance (DeFi) blockchain technology to facilitate smart contracts. DTravel's mission is to realign the home-sharing economy to be more equitable, providing more control and lower fees to both hosts and guests compared to existing centralized platforms .

What is DTravel (TRVL) used for?

TRVL, the native token of DTravel, is used within its ecosystem for various purposes. It allows users to book stays, participate in staking to qualify for rewards, and engage in the governance of the platform. The token aims to provide a means for hosts and guests to have a stake in the platform, aligning their interests more closely than in traditional, centralized home-sharing services. Additionally, DTravel aims to reduce fees significantly compared to existing platforms, offers a Protection Pool for hosts, and enables payment in various cryptocurrencies, enhancing flexibility and reducing transaction costs .

Who created DTravel (TRVL)?

DTravel was launched by a team of former executives from notable companies like Airbnb and Expedia, in collaboration with Travala.com, a Binance-backed booking site. The project was supported by a $5 million seed fundraising round from various venture capital firms and angel investors. This diverse team brought together expertise from both the traditional travel industry and the cryptocurrency sector to create a solution aimed at improving the home-sharing economy.