Bee Token to launch new decentralized home sharing platform on blockchain, promises Airbnb-like experience with no transaction fees and own cryptocurrency

Briefing

Bee Token to launch new decentralized home sharing platform on blockchain, promises Airbnb-like experience with no transaction fees and own cryptocurrency

February 9, 2018

Briefing

  • Bee Token – Will launch new decentralized short-term rental housing platform on blockchain, bypassing middlemen's role in setting contracts and managing payments between parties
  • Cryptocurrency-Enabled – Uses own cryptocurrency for payment, which hosts can exchange in external exchanges or use for other listed properties
  • Lower Costs – Charges no transaction fees compared to Airbnb’s 15% which reduces income for hosts, with company planning to make money from licensing technology, and charging 1-2% for payments made with Bitcoin or Ether
  • Airbnb-Like Experience – Mimics Airbnb features with glossy photos, user ratings, reviews, and hosting rules
  • Handling Disputes – Disputes settled initially by five-person randomly selected arbitration team who will be paid with tokens, with plans to automate settlements through smart contracts in future
  • Timeline – Plans soft launch on February 2018, with hard launch set for April 2018, and Initial Coin Offering (ICO) which will raise $15 million in token sales commencing January 2018

Accelerator

Market Disruption

Sector

Accommodation and Travel, Information Technology

Organization

Bee Token

Source

Original Publication Date

February 5, 2018

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