EMPIREHOTELS - The Future of Hospitality
temillion
Hi guys! I will be giving you a review about the EMPIRE HOTELS Project, Its advantages, features, exceptional team members behind the project, and many more. So i begin by explaining exactly what EMPIRE HOTELS entails.
A brief review;
EMPIRE HOTELS is a global platform and application, where users can order rooms and services using fiat and crypto assets, using blockchain and smart contracts. The Empire Hotels platform provides an easy way to check-in / check-out and is fully prepared for future room automation.
PROBLEMS ASSOCIATED WITH THE HOTEL INDUSTRY
Incorrect Data
Incorrect data can put a great amount of stress on both the customer and the front desk agent or manager.
Expensive booking portals
Majority of the hotel bookings happen through online booking portals. The portal charges usually sum up to 15-25% fees on the booking cost.
Platform maintenance
In order to maintain an Over-The-Air service up and running, companies spend resources on infrastructure, software and hardware maintenance.
Financial and transaction fee
The financial institutions between the customer and the hotel will charge a fee to process transactions.
Foreign transaction fee
When booking an international hotel, fee of approximately 3% is discreetly charged from the guest to process the transaction.
Currency Conversion Fee
When someone pays with foreign currency to book a room, the rates applied on the currency conversion are generally higher than what the rates actually are moment of booking.
Double booking
The double-booked room is an unavoidable issue. Well-trained staff can prevent booking errors.
With Empire Hotels, these problems are solved by eliminating any third parties and leveraging the blockchain technology to facilitate a better data management and transactions system for hotels, platform can revolutionise the way the industry runs. Empire Hotels offers a currency to be used in the hospitality industry. This would create an easy-to-use platform for the public and facilitate an API for integration with other systems.
EMPIRE HOTELS AND BLOCKCHAIN TECHNOLOGY
The Empire Hotels cross-platform applications interfaces between hoteliers and guests. It works just like any other booking platform; hoteliers can list their hotels on the platform for free and guests can browse through the listed hotels. In the Empire Hotels platform, all booking transactions and inventory management data are stored in the blockchain network for effective data management. Through the platform, guests can make payment using cryptocurrency - EMPC tokens (it is the utility token powering the platform), which will be converted to fiat and paid to hoteliers by the platform. Guests are rewarded with added services when they use the platform more frequently. The incentive model of the platform is designed to encourage guests to use the platform frequently and to hold the EMPC tokens with them longer to get more benefits.
Advantages of the EMPIRE HOTELS Platform
Cheaper booking
Using cryptocurrency for hotel bookings can drastically reduce the transaction fees and rule out international payment charges and currency conversion fees. By adopting this strategy, it is possible for the hotel to increase its profit margins while offering to the users the opportunity to book a hotel at a much cheaper price.
Secure and reliable
By using blockchain to process transactions, transparency and security are preserved more than ever. Unauthorised parties will not be able to access confidential user data. Every transaction will have an ID associated with the user if required. All non-sensitive data exchanged during the booking process will be encrypted and saved in the transaction details, protecting both user and hotel against fraud.
Accurate Reservation
Blockchain is a non-centralised solution for the double-booking problem, a classic problem that could not be solved without a trusted entity mediating the transaction. The bookings are executed as crypto transactions in Empire Hotels platform and before confirmation, the timetable for the room is verified on blockchain and this virtually eliminates the possibility of double-booking.
TOKEN DETAILS
Personal cap is 0.01ETH — unlimited
Bonus system available for early investors
New token emissions are disabled
Whitelist Available
KYC required
USA, Iran and North Korea are not allowed to participate
Max coin supply - 900 Million Tokens
1 EMPC = 0.000036672 ETH = 0.0000011616 BTC
Protocol- ERC20
Exchanges: LATOKEN
Other notable features of the platform include:
Truly empowering hotels.
Even though there are no fees for the registration, a small fee — the smallest on the market — is added to each transaction in order to make the platform viable. Affordable fees for owners; lower prices for users.
Revolutionizing the Hospitality Industry
Our developers took care of every little step during the app development process. We want to give the best experience to our users.
The Empire Cash (EPMC) is a token produced by Empire Hotels to complete payments for services and distribute gifts.
ROADMAP
First Draft Idea – November 2017
The first idea for applications and platforms was designed. Although this idea has changed over time, in November 2017 we first discussed the development of this project.
Smart Contract Design – March 2018
Smart contract development and auditing are important stages in the ICO process. During this stage, crypto-economics, numbers, and inventory are defined.
Whitepaper Development – March 2018
Whitepaper explains the technology and features of our application and platform, as well as plans for the future.
Website Development + Dashboard – June 2018
The website and dashboard wallet was developed using the most modern technology, and was repeatedly tested on many different devices.
ICO Phase – Commenes in January 2019
The ICO phase will begin in January 2019 and will be divided into three parts: Pre-ICO (pre-sales), Phase 1, and Phase 2.
Launch of Applications for Android and iOS – April 2019
The first version of the application will not be beta; it will be fully operational. This version will activate all features from day one and will be updated from time to time.
Launch of EMPIRECASH Payment – July 2019
This feature, scheduled for July 2019, will provide a tool for users to pay via contactless using their cellphones, while attracting from available EmpireCash coins.
Behind this project is a great team with vast experience in the industry. For more information about this project, kindly follow the links beneath;
Website : https://www.empirehotels.io/
Whitepaper: https://www.empirehotels.io/docs/en/whitepaper-en.pdf
Twitter: https://twitter.com/empirehotelsapp
Telegram https://t.me/empirecash
Facebook: https://www.facebook.com/empirehotelsapp
Instagram: https://www.instagram.com/empirehotelsapp
YouTube: https://www.youtube.com/channel/UCsSnBBk4StaGk1hsu-SQeVw
LinkedIn: https://www.linkedin.com/company/empire-hotels-app
username: temillion
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