DTRAVEL LAUNCHED, MEETS NEEDS OF HOME-SHARING COMMUNITY

KUALA LUMPUR, June 17 (Bernama) -- Former executives from Airbnb, Expedia, and other global technology companies have joined forces with Binance-backed Travala.com to launch Dtravel.

According to a statement, Dtravel is a de-centralised platform for the home-sharing economy facilitating short and long-term stays payable with cryptocurrency and traditional payment methods.

“Dtravel meets the needs of the home-sharing community first and forever. It’s easy-to-use, highly secure, and optimised for the next generation of hosts and guests looking to take back control of their travel experience,” said co-founder and chief executive officer of Travala.com, Juan Otero.

Dtravel is backed by a US$5 million seed fundraising round from Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital and NGC Ventures, as well as several angel investors. (US$1 = RM4.136)

Dtravel is powered by its native token TRVL — coming soon to Binance Smart Chain and the Ethereum Network — which is held by all hosts and can be used for booking stays, staking to qualify for rewards, participating in platform governance, and more.

The first 100,000 hosts to register are eligible to receive over US$35 million worth of TRVL tokens.

Dtravel aims to replace the broken relationship between centralised home-sharing corporations and their hosts and guests by putting ownership, control, and decision-making back into the hands of users through blockchain technology.

In doing so, Dtravel is able to reduce fees; give a voice back to the community; expand payment options; align interests; and, create additional revenue streams whereby users can earn additional revenue by referring hosts and guests.

More details at Dtravel.com.

-- BERNAMA