Quote from: germsite on August 31, 2017, 06:15:43 PM

Quote from: Realt Ltd on August 28, 2017, 05:19:27 PM

Quote from: PrideGaming on August 28, 2017, 05:02:12 PM

how is this different from airbnb?

REALT key features are

Cryptocurrency and smart contracts
Direct payments between market participants in REALT tokens
No guest service fees (typically, 5-15%)
No host service fees (typically, 3-5%)
No currency conversion charges (typically, 3%)

The fees won't be needed any longer. In addition to direct payments between REALT marketplace users, REALT tokens can be also used to pay for advertising services for all types of property.

Airbnb will struggle with moving their operation to direct payments between guests and hosts in cryptocurrency. This will paralyse their business model and the established way of monetization. If they continue to charge various commissions and fees even after moving to the cryptocurrency, they will not get a competitive advantage from such migration. If they stop charging commissions and fees, they will lose income that is needed for operating a company with 3,100 employees. So it is unlikely that Airbnb will ever implement such change.

Even if Arbnb will be forced by the market to make such drastic qualitative reform of their business model, REALT will be already far ahead and have a competitive advantage due to time and expertise. We will use tokens and smart contracts from the day one, and our platform will be optimised for the cryptocurrency, both from a technological viewpoint and a business model.

In addition, we are targeting a bigger market as we plan to offer listings and advertising services for all types of real estate.

If you realize this project it could be really cool stuff. I hope you'll make it happen as I use Airbnb a lot and they are extremely expensive fee-wise.

I agree, unlike most ICO projects, this one has real relevant reasons to use the blockchain to avoid all the fees and get more discretion and less State governance, people just need to spread the word on social medias and in no time this would interest the general public and could become huge.