Travala launches home-sharing platform Dtravel

Worldwide: Dtravel is a blockchain-based decentralised platform that’s integrated with Travala.com, charging fees at 7.5 per cent.

Dtravel is backed by a $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.

The platform is a Decentralised Autonomous Organisation (DAO) which means that decisions are guided by community stakeholders. Dtravel is powered by its TRVL token which is held by all hosts. These can be used to book stays, redeem rewards, contribute to platform management, and more. The first 100,000 hosts to register are eligible to receive over $35 million worth of TRVL tokens.

Although a separate business model to Travala, it will work in tandem with the site.

Travala.com was founded in 2017. It allows travellers to book accommodation, flights and activities with its token AVA, in addition to 40 other cryptocurrencies.

“Traditional home sharing platforms are aligned with their users in the early stages, but over time this changes. With the need to return profits to shareholders, home-sharing platforms are forced to extract as much as possible from transactions on their platforms,” said Juan Otero, co-founder and CEO of Travala.com. “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.”

Some key features of Dtravel include:

• Fees at 7.5 per cent

• Host protection pool, offering up to $1,000,000 in property protection

• Additional revenue streams where users can referral’s hosts and 

• Enable various cryptocurrencies to be used for payments 

Jalak Jobanputra, founding partner of Future Perfect Ventures, said: “Sharing economies are authentic and sustainable only when they are governed and controlled by stakeholders, and the home-sharing ecosystem has been broken for years under outsized control from centralised corporations. It’s time for a community-owned and community-governed replacement.

“With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager people what has been missing to date: control and ownership over their own travel experiences,” he added. “By allowing guests and hosts full participation in their experiences and in the economy they are creating, Dtravel fulfils the true mission of sharing economies.”

Further information about Dtravel can be found here.