Topic: Airbnb Crypto Project - Concept notice (Read 452 times)

You won't find angels for finance because it isn't a bankable project it won't get past the theory stage. If you supplied demos for feedback I'd be surprised.

The forum's full of cryptocurrency threads. Why create the account to make a post for the best of luck expression when it's questionable?

Unfortunately, most technologies was developed for legal uses and the people using it then exploited this platform for illegal use. Take the Internet for example..... the U.S. Defense Advanced Research Projects Agency (DARPA) initiated a research program to investigate techniques and technologies for interlinking packet networks of various kinds. So the military wanted to communicate over different technologies.... and that paved the way for the Internet. (Criminals quickly saw the potential of this technology and today it is used for both legal and illegal activities) 

You will have to accept that your project might also be exploited for illegal activities and that you have to distance your goal from the activities of these criminals.    (Put a disclaimer in your ToS)

The payment of tomorrow yes, Bitcoin is a good candidate for it, the thing is that you really need to differentiate between a currency or a payment gateway and a service. Visa is successful, a platform accepting Visa won't be by default successful if users don't feel like it offers anything.
Your platform must be viable even if we exclude Bitcoin's strong points (decentralization, pseudo-anonymity etc, )  and think of it as just a method of payment, like a credit card.


Yeah, nice in theory, but unfortunately the harsh reality is that every service that is an intermediary will have to choose between an aide which they will favor, because no one has ever managed to find the perfect balance between, in your case property owners and customers. And it's the same, you either screw both or you chose a side, this is what booking is doing, this is what PayPal does and so is Uber.
Don't mean to discourage you with this one but this is how real life works,... or sucks!

Yes I live in Paris and I intend to find business angels to finance the project

If your teams hasn't money at your disposal will you hunt for investors?

I understand the interest, but I do not want to create a platform that puts the people who use it in an illegal situation. The interest is to use this cryptocurrency to rent housing. After if the user during the declaration to the taxes lies it will be entirely of that fault ...

Your initial target market will be people who wants to be off the radar with their rentals. This can be for several reasons, but I can explain one of them. In my country.. local municipalities upgrade your property tax status from "public" to "business" use, when they find out that you are renting your property.

So these people will want to use a less mainstream method to advertise their property and also to "hide" their money paper trail, because they track the money through the Banks. It is unethical and wrong to do this, but some people want to fund expansion of the property in the beginning and the higher tax kill their profits. 

I want to take the temperature with customer feedback. Currently the mockups of the application are soon to finish. Then it will be the turn of the desktop models. And once both are ready, we will start the development of the app and the website.

You've quoted market stats interconnected your business objectives so what's to come? When will the beta demo website be available?

I just reviewed my proposal and the service is not only the proposal to pay in BTC etc...
I let you discover the different proposals and give me your feedback

# Our proposal

Ctravel was born from a market demand, it answers the need to be able to spend its cryptocurrency in exchange for a rental accommodation but not only!

Ctravel is positioned as the Airbnb of crypto on a Consumer to Consumer segment.

Our goal is to redistribute the cards and offer you more possibilities and freedom than the latter:

- Ctravel generates cashback on each of your reservations → 2% on each reservation ( USDT / BTC / ETH )
- Possibility to do short / medium and long term rental.
- You can pay in Stablecoin / BTC / ETH.

- 10% reservation fee which is less expensive than most of our competitors:

- 6% Service fee which goes to Ctravel to finance the platform.

- 2% cashback in BTC / ETH which goes to the user.

- 2% Dao fund (here this fund will be used to pay dividends to the community that participates in the DAO) which goes to the user if he gets involved in the community

- A premium subscription with advantageous features for the users:

-Such as a certified badge that attests that the user has very good reviews and is a certified host or tenant of quality and trust!

- The possibility to get 8% cashback on each transaction
- To offer discounts to these users such as 10% on the next order

# Airbnb

**Ctravel is positioned as a competitor to Airbnb. The question I'm often asked is if tomorrow Airbnb starts to make payments in crypto?

Ctravel's ambition is to redistribute the cards of the rental from user to user. Here are the strong and weak points of Airbnb:

Airbnb the + :

- Exceptional user interface

- Wide choice of accommodation around the world

- Aircover insurance

Airbnb the - :

- Service fee (15% host / 0% traveler)

- Very negative trustpilot review 1,3/5 (10000 notice)

- Customer service

You should know that Airbnb is a company listed on the stock market from the moment a company enters the stock market are main objective become these investors, these customers come second.

→ Our goal is to meet your needs and provide the best possible service, your interests come first. No investor will have their hands on us, Ctravel team is independent and that's what makes it strong compared to other market players!

The concept project isn't unique if you're receiving payments in Bitcoin. Where's the service? How's Airbnb different from a clone if one's permitting bitcoin payments and one isn't?

Yes unfortunately FTX & Terra have been a huge drag on the mass adoption of BTC & ETH. To the delight of the various countries/banks.

Thank you very much this is an essential point for me to meet the needs of the market. The idea is to deliver a 0.1 version and that little by little the community via the DAO takes ownership of the project and that it meets their needs better and better.  The user is at the center of my interests and this will not change.

I understand well this problem and I have a beginning of answer to that:

- First of all, in case of dispute, depending on the country where it happens, you have to make a complaint to the police station and explain the situation in the most serious situations!

- In a second time Ctravel puts in place different points to penalize the person at fault:

1 - It will be necessary that the person who will receive prejudice it can be the tenant (Housing not in conformity with the photographs etc...) or the host (For degradations of furniture for example).
Document the dispute with a descriptive text of the problem in question with different photos to support these words.

2 - Ctravel users participating in the DAO will have the mission to resolve these disputes via a vote that will be in favor or against the complainant.
And in return, the participants will share the amount of the fund allocated to the DAO, which is supplied to the value of 2% of taxes on each reservation.

3 - What will happen if, for example, the offender does not wish to pay the amount of the property he has damaged voted by the DAO to the tune of $1000?
The user will be banned from the platform and will never be able to register again. And Ctravel will compensate the host with its own funds. Later on, the idea is to partner with an insurance company that covers these costs, but at first Ctravel will take care of these costs.

4 - How do you plan to ban someone from the platform if the Ctravel system is decentralized? It is necessary to be able to find an in-between between securing your property and decentralization for a more open world!
One thing is sure, there will be no KYC! We think that the good solution is to pass by an identification by telephone to constrain to the maximum the malicious persons.

5 - We can also think about a deposit system but I don't think it's a good idea. It can be a brake for the users who want to rent an apartment.
This can be solved by a community vote in DAO to know if the community wants such a feature or not.

The idea with this project is to solidify the blockchain project and to shadow the giant centralizers.  Translated with www.DeepL.com/Translator (free version)

These regulators really are a big problem in terms of innovation. But we can't blame them because of the fiasco that has FTX has brought and also the other projects like Terra, etc.

Anyway, it's nice that you've understand my point and I wish no harm to your project and even wishing you a success by working hard on it.

You know where you're going and coming from and this is an important point when you're working on a project and is very open to the ideas of the others that's being shared to you.

I understand your point, it's certain that the user will prefer to receive btc or eth than a new currency, it's completely understandable!
Airbnb has already mentioned its idea of wanting to make payment in cryptocurrency but I think with everything that has happened in recent months FTX / Terra . The United States are angry against cryptocurrencies and they are making it known right now. Also France my home country is starting to make anti cryptocurrency laws that does not bode well for Gafam. If he decides to implement the payment in crypto I think that the different states would be against after to see ...

Yes it's a good idea thank you very much for your relevant feedback. It helps me a lot to have feedback to orient the solution in the right direction

An interesting issue that I worry about in a crypto-Airbnb setup is how chargebacks will be handled. People are pretty hesitant to list their house on Airbnb, and Airbnb has learned that they need to go to great lengths to make everyone feel financially safe with using the site, i.e requiring damage deposits, offering their own Airbnb insurance, etc.

If a guest trashes a house, the owner doesn't know until they pop in after the guest has left. On Airbnb, they can presumably file a claim with Airbnb, and Airbnb could charge the guests credit card or bank account. That can't happen in crypto. On the other hand, guests pay on Airbnb when they book, and they won't know for sure that they are getting what they paid for until they arrive. There are loads of scams of people listing fake houses or houses that they don't own to get paid today and then disappear with the funds. This isn't very successful with Airbnb being able to moderate payouts and handle chargebacks, but how could a crypto Airbnb handle that problem? I suppose an escrow would help there, but there is still the issue of handling disputes that arise after a stay ends (like house damages).

I don't think it's an insurmountable issue, but it certainly is something to think over.

I have already thought of this idea if AirBNB is going to launch some good news about accepting payments in bitcoin. IMHO, with good projects that has the potential like yours, it doesn't need to have and make any new tokesn for you to go along with these innovations, acceptance and adoptions for bitcoin or entirely crypto payments.

What's a better approach to this idea is just to contact airbnb and be the source of this idea about accepting payments in crypto and have it worked by a third-party service upon booking to their website or offer a service that you'll be the source for that conversion and just hand over them the cash minus the deduction of your service commission fee.

If I'm one of airbnb executives and understands the concept of bitcoin first and then other potential cryptocurrencies that it's quickly convertible into cash which is what they prefer, then I might take a shot but not with any random and new tokens.

I understand your point on the fact of vulgarizing the terms to allow Mr. everyone to understand the product Ctravel.

As for the Dtravel project, they are shooting themselves in the foot by locking themselves in a B TO B market. Their growth prospects are too low due to the fact that it is positioned as a CMS for booking accommodation. The customer has to manage to find these customers so I don't see much interest in it

As for Beetoken I did not know, they seem to have wanted to ride the wave of green hype "a tree planted for each transaction on the blockchain" In any case this kind of marketing promise is pure scam.

My coming here is simply to get feedback on this idea, I think there is a market and I want to meet a market need. I'm clearly not here to hurt Blockchain / Crypto projects on the contrary! I sincerely believe that this is the payment of tomorrow.

In my opinion, the 5% fee for this service is quite large, you can adjust it by 3% for payments with BTC / other cryptos and 2% if you pay using CTravel. And for refunds you can choose to use your own token, namely CTravel, this is to keep the economy of your token running and allows you to get additional fees if someone wants to convert their CTravel token to another crypto. For premium features, I think that's enough as you said, but the 10% discount is still big enough. You can adjust it according to the finances of the platform you want to build. If you think it's possible, you can go with it.

You simply can't step from the whole thing about DAO, tokens, DeFi and stuff, do you?

If you have done your research then you know already why Airbnb is successful, and the main reason is that it offers a simple way to find accommodation and a simple way to list properties. The moment you throw tokens into the mix you just confuse users, the moment you start talking about DAO it will raise an eyebrow from property owners, throw some more buzzwords into the mix and you're going to have everyone look suspicious at your project.

Furthermore, other than being a clone that offers payment in crypto, how do you plan on getting people on board? You know how many ideas just like yours have been around and how many have failed and further "failed"' as in exit scams? DtraveL has burned $10 million and managed to bring the token down from 75 cents to 5 cents and all it has is a platform that looks like Death Valley. Beetoken, 15 milliosn gone! And the list could go for pages!

So, other than having a token, what would be our advantage over Airbnb for example?


Where is all those extra money going to come from?
Because if you're rewarding either the host or the guest somebody has to pay for that!

This is a very good idea! I think it could be very interesting for the Bitcoin community and it could highlight the Lightning network service which is very underrated.

I see it's a very interesting idea! The platform could very well offer both use cases one for medium/short term rentals like Airbnb. And also propose long term rentals like 6 months / 1 year without having to make several reservations. It's relatively easy to set up thanks for your idea!

I think you are right, there is also someone on the french server who told me about this. The DEFI doesn't bring much to this project, it can even create confusion for the end user.

For the Cashback I am working more in details the numbers but you are right 10% is too much. I have them as an idea tonight to distribute it more fairly tell me what you think:

Total service charge on each reservation (8%):

- 5% Service charge that goes to Ctravel

- 3% refund in BTC/ETH or Ctravel token (here I would like to have your opinion -> do you prefer to be paid in BTC/ETH or in Ctravel if you choose the Ctravel token you will have higher % cashback)

- 2% Dao fund ( Here this fund will be used to pay back to the community dividends that participate in the DAO)

 
As for the subscription I have them an idea this night! It will be indeed premium features that give them advantages.
- Such as a certified badge that attests that the user has very good reviews and is a certified host or tenant of quality and trust!
- The possibility to get more cashback on each transaction
- Offer discounts to these users such as 10% on the next order?

Okay, finally no, the token is not necessarily mandatory. If the project makes enough profit with a % on each transaction and the project is profitable, it is not necessary to have its own currency!
And then providing Btc or Eth as a reward seems more attractive for the user!


Yes you are right about providing an MVP with a working system to prove my intentions and determination! Thanks a lot anyway, it's very motivating for me to talk about my subject and to confront myself with everyone's opinion!

Your idea is good, but I think you could do something simpler.

For example, cashback in BTC (via Lightning Network if the amounts are small for example) could bring you a good customer base, maybe more than with your own token in my opinion.

Moreover, in my humble opinion, you would need a more restricted speciality, the market seems to be quite busy already, with gift cards and other legit sites already in place.

For example, if you propose a rental site for medium/long term, where BTC is accepted, and with BTC cashback, I know some people who would be very interested. This would mean being able to rent - even outside of holiday/travel periods - with BTC payment.
If the system is like AirBNB where the duration is quickly limited, and where it is done by several reservations for a long period, it would lose its interest.

In any case I wish you a lot of luck with your project, and success of course

The idea you offer is pretty good but there are a few things that bother me a bit, like why did you integrate DeFi features with the travel platform? your users just want to travel with their crypto as payment, I think they are too complicated to do staking let alone lending on your platform. Second, the cashback promo that you offer is quite attractive, but 10% cashback is quite a lot, how can you provide this much cashback from your platform? Are you sure that the economy of your platform can provide this? The last one is subscription, what do you provide the subscription feature for? Your platform is not a platform for watching movies or games, so there is no need to provide this feature, instead it is better to provide premium user features which will give them more benefits.

I more or less understand it. But is there a need for a token other than to get more funds for your initial funding? I mean, if we look at projects like Bitrefill, the existence of tokens is unnecessary. You can provide ETH or BTC or something similar if you want to provide a loyalty program. You can address the issue of funding with crowdfunding and something similar I guess. Even if you don't have a token, as long as your platform is good enough, I bet it will still be popular.
Not to say that you'll scam people, but I doubt you can assure them your project will last with just a promise. I guess if you can provide an MVP or something similar, more people will take your project seriously. If not, and you start asking for funding without anything to prove your capability, I guess it won't go anywhere.

Hi !

1. The Ctravel token is there to represent the company on the cryptocurrency market and also to reward the user when he rents an accommodation he receives a % in travel which is similar to cashback.

2/3 This is part of the secondary features I thought it was good to offer a panel of features but the main idea will remain the payment of housing between individuals in cryptocurrencies.

4. the idea is to offer the same guarantee of protection as with Airbnb with a deposit system if damage has been caused to the property! But it is certain in terms of customer service it seems more complicated than what I had imagined!

5. I really intend to solve a problem related to cryptocurrency, whether it is this one or another, it is not a problem.

My topic is here to face the reality and see if there are people interested in such a solution.

Thanks for your feedback!

Other than Airbnb, there is also ShareRing which is probably competing with your project directly, although they do branch out to other stuff right now. That being said:
1. Why the need for a token? What does it contribute to the platform other than giving extra initial funds for the development and probably won't see any usage sooner or later?
2. Why is there a stacking, lending, dao program if your goal is to solve crypto rental market? I doubt any traveler would look at a traveling app and say "damn, this lending proposal is good, I should buy it".
3. Don't you think creating a third-party lending platform that allows users to pay their Airbnb or something similar with crypto is more valuable compared to this new, ground-up renting platform? If no, why? Is there any law that prohibits you to do this? I assume it would work like how people can buy gift cards with Bitcoin, even though the platform where they use the cards doesn't support Bitcoin payment directly.
4. I don't believe that people will willingly support and stay on your platform if it is not competitive. This "us vs them" mentality is not going to work if your platform is terrible, has no control over the rental house, doesn't offer protection, etc. How will you compete with Airbnb in its customer service department other than being friendly toward crypto?
5. I've seen similar projects in the past, with more or less the same proposal. They do an ICO and then close their business without ever producing anything. What is the guarantee that you will at least deliver some beta apps if you plan to do the same?

Hello to all of you!

My name is Dylan, I'm 25 years old, I'm a UI Designer and I just spent 5 years in a company that uses blockchain.
From now on I intend to start my own business and solve problems in the Crypto/Blockchain atmosphere.

That's why I present you my project : Ctravel (C for crypto / Travel for travel)

Brief description of my project

Ctravel is a platform for renting accommodations between individuals with cryptocurrencies as a payment method.

What problem are you trying to solve?

Ctravel answers a simple problem. Today if I have crypto-currency and I want to spend this crypto-currency for accommodation I have two solutions available to me:

1 - The service Travala.com allows you to book hotel rooms around the world

2 - Use a crypto.com or binance type of cryptocurrency card (what about decentralization which is the main argument of cryptocurrency)

How do you want to solve it?

If the user wants a more atypical property or simply to have his little comfort like at home. He will certainly go through Airbnb the leader of the C to C (consumer to consumer) market.
And currently no actor of the market proposes the reservation of private individual to private individual with for means of payment the cryptocurrencies.

That's how the idea of Ctravel was born!

What is your market? What is its potential?

- 18/ 35 years old
- Digital native
- Passionate about crypto
- The user who wants to spend their cryptocurrency because they own more bitcoin than euros.

Number of people holding cryptocurrency in the month of December 2022: 425 million
(119 million more users joined the crypto world in 2022)
This is a number that is exponential over time, depending on the forecast by the end of 2023 there would be between 600 and 800 million users.

Potential:

Today as you have seen there are more and more people who are interested in cryptocurrencies. Not for the lure of easy gain, but for that decentralization! In an era where the financial markets are increasingly dilluting the fiat currencies thanks to the money printing of the FED or the ECB. The users of crypto-currencies want to own a currency that was created to avoid the big stock market crashes. And this behave as a store of value such as gold.
The Ctravel project is therefore in this niche where the adoption of crypto-currencies begins to see the light of day from year to year!



As for the competition (Airbnb), I have foreseen this eventuality. I have an arsenal of features I plan to put in place to get ahead of the game

The project doesn't just stop at the cryptocurrency payment part otherwise the added value is not enough.
I plan to create an ecosystem of features around this project.

- Ctravel Token: Creation of a token to make the project ecosystem work.

- Cashback: Each time a user makes a reservation, he/she will get a % of the transaction back in Ctravel.

- Wallet: The cashback will be transferred to your Ctravel hot wallet

- Swap: You will have the possibility to exchange your Ctravel for Bitcoin or other cryptocurrencies.

- Exchanger: You will have the possibility to trade the different cryptocurrencies that will be voted by our users

- Stacking & Earn: By depositing your Ctravel tokens you will benefit from an annual % APY payout.

- Lending: We offer crypto lending with collateral

- Subscription: We offer a Premium service with specific benefits ( + cashback, 10% discount on all transactions...)

- Dao: Let users vote for decisions made within Ctravel. Translated with


And if tomorrow Airbnb starts to make payments in crypto?

Today it is complicated for the gafa, to set up financial services and create their own cryptocurrency. We have the example of Facebook which has tried several times.
The various states around the world are against a major power to create its own currency and come to shade the fiduciary currencies.

Nevertheless, let's say that Airbnb manages to offer a service that allows payment in crypto. What about Ctravel?

Through the differences service proposed above. Cryptocurrency enthusiasts will probably prefer to stay on Ctravel and in the manner of browser Brave.
Supporting blockchain projects rather than feeding this giant that finally doesn't have the same values...

Here is an overview of my project, I would like to have your feedback on this idea.
Would you personally spend your cryptocurrency to travel or would you use fiat currency on airbnb?


Feel free to leave negative or positive comments as long as it is argued that is no problem!

Have a good day and above all, don't forget to travel!