EzyStayz is a trusted community market worldwide.
JAMAAH45
Introduction
Cryptocurrency, specifically blockchain, has rapidly turned in a disruptive technology in society today, yet it is still in the early stages of adoption. Consequently, many new crypto currency platforms fail to bridge the gap between technical complexity and usability of blockchain for the hospitality sector as an early implementer. The potential in this growing market along with increasing acceptance of crypto currencies makes new projects extremely appealing for investors and users alike. But the market for crypto currencies is not fully realized nor is there complete and seamless integration between digital currencies and their application in the short-term lease sector in one decentralized network.
Companies like AirBnb have continued to grow since 2016, and shape the sharing economy as well as impact the traditional hospitality sector. Airbnb demand reached 10 percent of traditional hotel demand in many markets, claiming a growing percent in markets where shared economy originally posed little competition. The result of this growth is already seeing more companies focusing on short term rentals, which will make the market for renting hotel rooms, private properties or accommodation even more dynamic in the following years.
Having easy-to-use, secure blockchain technology in place that integrates P2P exchange between hosts and occupants, credit card capability, and extends into identity verification, total transaction transparency and lower usage fees is the next step logical step for the hospitality industry. Addressing existing problems of centralized platforms like AirBnb, Expedia and Booking.com will provide an alternative one-stop marketplace and online service for consumers, where they can access a variety of properties and accommodation types and speed up the process of leasing out real estate. The end result will boost user trust and take security to the next level for property owners and vacation renters.
About the EzyStayz Project.
EzyStayz is a trusted community marketplace for people to list, discover, and book unique accommodation properties around the world. Our aim is to give crypto holders direct access to the short and long-term vacation rental opportunities globally.
We run a fully functioning platform that provides a seamless, quick, and low-cost way to rent or list rental properties with Access to 1 Million+ Accommodations worldwide. Villas, Apartment, Hostels and more. The development and launch of a native cryptocurrency associated with EzyStayz will introduce a layer of decentralization borrowing from the crypto sector and allow end customers and property owners to deal with each other on the platform without any fee or commission.
We envision EzyStayz as the meeting point between existing centralized platforms like Expedia and AirBnb, online travel agencies (OTAs) and the global crypto community. With the help of a public token sale, we will be able to further the development of EzyStayz 2.0. and position the platform as a next-generation and transparent system for short and long-term vacation rentals. By transforming traditional holiday rental platforms and delivering increasing value to all hotels, property owners and their customers, we aim to unlock unprecedented value for consumers and businesses on our platform. We will achieve this through the principles of blockchain: fairness, accessibility, transparency and trust while applying them to an already existing and fully developed centralized model for hospitality accommodation in mature growth markets.
Problems
● Inefficient Rental Platforms
Existing holiday rental platforms are centralised with limited marketing possibilities and high fees for both landlords and tenants.
● Billions Frozen in Crypto
The growing crypto community can’t utilise this new form of currency to book holiday accommodation while hotels and landlords are missing out on a huge revenue stream.
● Poor Holiday Rental Experience
Multiple intermediaries make vacation accommodation booking an expensive, time-consuming and frustrating process.
● Lack of consumer focus and user control
Limited control over landlord-tenant interactions and listing features, resulting in less than optimal search results and travel experiences.
Solutions
● Blockchain technology integrated with a working model for a next-generation vocation rental ecosystem for the digital age.
● Bridging the gap between the crypto community and holiday rental for broader crypto adoption and a new revenue stream for hotel and property owners.
● Strong team and a fully operational business model with a successful track record.
● Decentralized vacation rental application which is more secure, transparent and traceable for Hosts and tenants.
● Secure and direct payment process for both parties without the need for middlemen.
● Fixed low commission direct payments, powered by Blackchain- 0%
Highlights of EzyStayz™ Existing Business
In contrast to many other companies launching token sales, we already have a functioning platform. We founded EzyStayz in 2016 with the intent to unite tenants and landlords and simplify the rental process. To date, we have raised $1.5 millions in private capital investments – funds we put back in the development and upgrade of EzyStayz™ architecture and service offering.
Our current portfolio includes 1,892+ Hotel Chains and 1 Million+ Accommodations (Hotels, Hostels, Villas, Apartments and more) worldwide.
We are ideally positioned for the short and long-term vacation real estate space with an already operational business that will operate internationally and ensure a fair, frictionless, and seamless vacation rental process for all parties involved.
Company Background
EzyStayz is already an established vacation rental company with a proven track record and significant infrastructure in place. We hold the necessary regulatory certificates for operation across various markets, which allows us to operate worldwide. EzyStayz is ideally positioned to offer competitive fees through a combination of current rental services in combination with blockchain-based modules and infrastructure.
Modular Features
The EzyStayz platform is designed with beneficial components equipped with the infinite potential of internet for scalability purposes. It has been reported that realty software increases the accuracy and maximizes the profit. Landlords and tenants can greatly benefit from the modular features of cloud based property listing software. Landlords with multiple rental properties find real estate management software as extremely useful. Blockchain-based real estate management software offers myriad benefits to the landlord, tenant, and property management firm. The feature of comparing different property units adds elegance to the credibility and reputation of property listing management software.
Digital Wallet
The multi-currency crypto wallet app allows users to store, manage and shop with their crypto funds without the complexity of managing multiple wallets. Users benefit from a high level security thanks to multi signature technology and multiple hot and cold backups. The multi-currency wallet can be funded with various cryptocurrencies. The private key to each EzyStayz Wallet is secured via an industry-standard hot & cold storage solution. The user can choose between different crypto assets as a source of payment within the EzyStayz platform.
The benefits of the Ezystayz Wallet are:
● Direct payments with crypto, no FIAT exchanges, no debit cards or bank accounts
● Immediate payment confirmation
● ERC-20 token spending environment.
Blockchain and Smart Contracts
Crypto is what makes the platform so useful for travelers and hosts alike – leveraging blockchain as the ideal underlying technology to build the base of the emerging trust economy. In the , role of a trusted gatekeeper and purveyor of transparency, blockchain allows for secure decentralized storing and sharing of data, such as financial transactions in the case of bitcoin. Due to the blockchain’s open-source nature, it can also be augmented to execute smart contracts and create a broad range of other applications. Given the capabilities of this new technology, this is why storing digital identities, and peer-to-peer reviews of individuals and companies, on the blockchain would make sense for the trust economy. By creating identity tokens like passport based on hospitality reference, EzyStayz streamlines and refines search algorithms
Blockchain-based digital identities and trust ratings are already on the radar of peer-to-peer lodging platform Airbnb, which is considering the benefits of the nascent technology. EzyStayz, however, is a first-line adopter, which positions us strategically to fulfil a pressing need within the current market segment. The three most important functions of blockchain technology; the ability to store records, to exchange digital assets without friction and the possibility to execute smart contracts, provide the right technological infrastructure for a more efficient and streamlined trust economy of which the wider sharing economy would benefit greatly.
Blockchain technology is essential for the implementation of the following elements of our project:
● To support the EZY economy and thus our profit source, which enables our minimal commission marketplace
● To support the distributed database, which will cut out commissions from distributors and fur ther contribute to the EZY economy.
● To enable a trustless environment which is a necessary requirement for the adoption of the distributed database
● To automate payment processing
● To act as highly secure escrow accounts for the period between booking and check-out.
● To host immutable reviews
Smart Contracts
The Core of the project are the Ethereum smart contracts and tokens that are not passive but active on different levels.
One of the most common types of real estate fraud is rental scams, in which a scam-artist will copy details and photos from a real listing, then re-post on another site while posing as the agent responsible for the property.
The cornerstone of any reliable security system is authentication and the adoption of smart contracts will enable EzyStayz to solve the common issues of the property rental market, which are a lack of transparency and efficiency, and a higher incidence of inaccuracies that creates a greater potential for fraud.
By offering a 100 percent incorruptible resource, whereby the sender and recipient of funds was logged, and where “digital ownership certificates” for properties are saved, the blockchain would effectively make forged ownership documents and false listings a thing of the past. The unique “digital ownership certificates” would be almost impossible to replicate, and would be directly linked to one property in the system, making selling or advertising properties you don’t own part of property DNA.
Putting these smart contracts on the blockchain will give a strong element of permanence and immutability attached to them, which will allow us to:
● enable near real-time settlement of recorded transactions, removing friction and reducing risk, but also limiting ability to charge back or cancel transactions.
● allow any two parties to transact directly with each other without the need for a trusted third party.
● retain a public history of transactions and a secure source of proof that the transaction occurred on the blockchain.
● incentives for the participants to continue validating blocks, reducing the possibility of external influencers to modify previously recorded transaction records.
The automation of parts of our business processes in the short run and possibly entire processes in the long run through the use of smart contracts will significantly reduce the costs associated with areas such as compliance, record keeping, and manual intervention. The end goal is retaining EzyStayz’s exclusive status of a short term rental platform that guarantees full transparency and security of transactions with optional fees for hosts and tenants.
Revenue Model
In order for us to run the EzyStayz platform, we need to cover operational costs and thus operate at break-even. To maintain our promise of minimal transaction fees, we will be providing free access to all the basic services needed to place a booking, while offering optional premium features that improve the booking experience. Hotels and property owners can also opt for such premium features to increase their booking rates or simplify their processes. The exact fees for such features will be determined based on gathered data and experience, although they will remain insignificant compared to the traditional ones (e.g 1%-3%).
This new model of completing a booking with minimal fees is the basis of our value proposition. Both consumers and businesses will pay for features that they actually want. This is not an option with conventional booking sites.
Market Potential
The global vacation rental industry is a market of nearly US$130 billion as of 2017, which accounts for 18.1% of the global vacation lodging market. This is a fast-changing industry posed for exponential growth. The short-term vacation rental market is one of the most attractive segments in the real estate and property management sector. HomeAway, an online marketplace for vacation rentals, reports an increase in listings 44% since 2009. Real estate agents, property managers and independent property owners are all competing for a piece of this pie. However, there are associated risks as well as rewards with accessing it both for home owners and tenants.
In 2015, the global travel industry generated US$5,880.4 billion in revenue. By 2020, this figure is projected to reach US$8,736.1 billion. The hotel sector accounts for 14.1% of total industry revenue (US$716.4 billion in 2015), making it the second largest segment of the travel industry.
The global travel and tourism industry is one of the world’s largest industries with a global economic contribution of over US$7.6 trillion in 2016, but it’s been dominated by large intermediaries with Expedia and Priceline alone representing 95% of the industry market in the US. And with the rise of the so-called ‘sharing economy – the short-term vacation rental segment is transforming an industry that is overly conservative, rigid and over-priced by offering a democratic, transparent, decentralized solution to this issue. The integration of blockchain technology is the next logical step to eliminate the unnecessary costs imposed on consumers by brokers and intermediaries by removing layers of intermediation.
Global Lodging Sales Still Dominated by Hotels
Global Lodging Sales (% value Split - 2014)
Other sources of revenue for EzyStayz can include:
● Rental Fees:
When a reservation is confirmed, we charge guests a service fee between 5% and 15% of the reservation subtotal. Guests see this fee on the checkout page before they book a reservation.
● Host Fees:
We charge hosts a service fee (no taxes) every time a booking is completed. The amount of the host service fee is generally 3%, but may range between 3-5% depending on the cancellation policy selected by the Host.
● Featured Properties Showcasing:
EzyStayz charges showcasing/advertising fees for homeowners who choose to be featured on the site.
● Exchange fees:
EzyStayz will charge 1% fee for exchange into or out of EZY token
● Professional Listing Fees:
For homeowners that want professional photoshoot there will be a team in each city (outsource) to profile the property. Chargers differ per country.
This short-term rental market has blown up even if it currently still makes for the smallest market share of the travel and accommodation sector. The segment, which is EzyStayz™ target market, is worth around $100 billion, with the U.S. accounting for just over a quarter of that. Research and Markets predicts the global vacation rental market will close in on $170 billion by 2020. Meanwhile, Skift calculates that in the first four months of 2016 alone, vacation rentals startups attracted nearly $100 million in venture capital funding, concentrated mostly in the U.S. and Europe.
In 2018, a total of $700 billion worth of bookings were placed through the internet. Not only that, but the industry is growing at a rapid pace. For the past few years, it has experienced annual growth rates of above 10%, and has thus vastly outperformed the global economy.
Digital travel sales worlwide from 2014 to 2020 ( in billion U.S. dollars)
How Cryptocurrencies are Changing the Hospitality Sector
With the issue of transition to decentralised payment networks being more pressing than ever, there are already several solutions for blockchain payments: Bitpay, Coinbase, TenX, Wirex are just a few of the apps and platforms aiming to be the next ‘crypto’ Visa or MasterCard. Despite their pioneering services and ambitious goals, none of them offers a comprehensive solution for storing, paying or managing cryptocurrency alongside full-fledged tools for hotels and hospitality businesses. Even more important – transaction fees are still present even if lower or even non-existent compared to Visa’s 3 percent.
PROCESSING SYSTEMS COMPARISON
Usage of the EzyStayz Token
To create a strong economy that ensures the value of EZY, we will rely on three elements: high demand, low velocity and value-added features.
- Generation of constant demand
Our existing website is surely one of the most important elements of EzyStayz and is the fundamental driver of the EZY economy. Any booking on the website automatically generates demand for EzyStayz tokens, regardless of whether it is paid for with EZY, fixed-value cryptocurrencies or fiat currencies. Since travel related bookings are generally high volume transactions, this can quickly create a solid base of utility demand.
2. Reduction of EZY velocity
The key element of the EZY economy is the lockup period of EzyStayz tokens. Whenever a booking is made, the payment currency is automatically converted into EZY and stored in the booking smart contract. The EZY remains there, in escrow, until the customer completes the booking (e.g. checks out from a hotel).
This lockup function reduces the circulating supply of EZY for the period between booking and check-out. The higher the booking rate, the more EZY are escrowed in the smart contract at a given time, and the higher the demand on EZY will become.
3. Value-added features
All value-added features on the website will be paid for in EZY. While users will generate constant demand on EZY through bookings, hotels and property owners will also likely keep EZY reserves in order to pay for accessing premium features such as increased visibility or volatility protection.
Token Distribution & Use of Funds
● 63% Marketing and Sales
● 22% Admin and Operations
● 15% It Development
● Token Sale 69.7%
● Reserve 10.3%
● Marketing 10% Team 10%
Roadmap
● Apr-17
Private Investment raised of more than 1.5 million dollars EzyStayz Product Development begins
● Apr-18
EzyStayz launches MVP Web responsive
● Jun-18
EzyStayz launches Web IOS App
● Sep-18
EzyStayz launches Android App
● Jan-19
Start building EzyStayz 2.0 large focus on hotel market
● Dec-18
Focus on host acquisition - 44,000 Listings in 60 countries achieved. We are adding 500 new listings per week, meaning a growth of host value of 50k-90k USD per month. With unique we mean that these are not coming through any channel partners making them more or less exclusive on our platform
● Feb-19
Initial Discussion for EZY token, the Ezystayz token. A Travel Industry token with the true power of Blockchain
● Mar-19
Development of EZY Token and Dapp Functions
● Jun-19
Development of EZY Wallet
● Sep-19
Partnership and integration with the 3rd Channel manager giving Ezystayz access to 175,000 hotel properties
● Aug-19
Partnership and integration with the 1st Channel manager giving Ezystayz access to 400.000+ new properties worldwide
● Jul-19
Partnership and integration with the 2nd Channel manager giving Ezystayz access to 500,000+ new Hotels worldwide
● Nov-19
Development of Ezystayz channel manager open API on the blockchain enabling us to connect to massive databases of properties and hotels
● Dec-19
Partnership and integration with the 4th Channel manager giving Ezystayz access to the biggest database of hotels in the world
● Jan-20
Launch of Ezystayz IEO. Partnership and integration with the 5th Channel manager giving Ezystayz access to APIs to find and book hotels including retail and negotiated rates from over 400,000 properties around the world
● May-20
Partnership and integration with the 5th Channel manager giving Ezystayz access to APIs to find and book hotels including retail and negotiated rates from over 400,000 properties around the world
● Apr-20
Launch of Ezystayz IEO. with Foblgate, LiveCoin and CoinTiger
● Feb-20
Development of Travel Casino allowing customers to win EZY travel tokens
● Jun-20
Release of the EzyStayz Credit Card so Hosts and Travellers can use their EzyStayz tokens for payments and Book Accommodations and more.
● Oct-20
Reach 4500 bookings and a net revenue of 260000 USD (before marketing cost)
● Feb-21
EzyStayz will launch its property management marketplace which will help hosts management of guest arrivals, professional cleaning, around the clock assistance, cooking services and more. The feature will be built on the blockchain and connect service providers & EzyStayz members with hosts requirement.
● Mar-21
760,000 bookings, 48M USD net revenue (before marketing cost), conversion rate increase from year one with 0.4% & average customer acquisition cost decreased with almost 30%
Team
James Moses Founder & CEO
Vipin Mahasayan CIO, Travel and Blockchain Tech
Sebastian AsharCTO
Sofia Sorberg Head of Marketing & Social Media Manager
Catherine Kuzmina Editor at Crypto Heroes
Carlii Lyon Executive Branding Consultant
Rod Bellon Community manager
Vikrant Mukherjee Business development Manager
Hristo PiyankovTokenomics Advisor
Advisors
Nikolay Shkilev, PhD Founder & CEO
Vladimir Nikitin Brand Ambassador
Jason HungICA Cofounder ICO/STO advisor
Marco Torregrossa Workforce & Labour Markets Advisor
Marc Couzic Founder, Innovator and CEO at Fieldcoin
Noel Alejandro Andrade Blockchain & Exchange Advisor en EzyStayz
Genson Glier DLT & Decentralized Networks
Sam Kawtharani Advisor, Consultant, FinTech, Blockchain
Anthony AɃu nassar Rothschild Goldman Sachs JP Morgan
To get even more accurate information about the EzyStayz project, please visit the link below:
● https://www.facebook.com/EzyStayz-482400071941656/
● https://www.instagram.com/ezystayz/
● https://twitter.com/ezystayz2014
● https://t.me/EzyStayzofficial
● https://medium.com/@ezystayz
● https://www.youtube.com/channel/UCDvQOHa-9pwh_PEEsgjsFWQ/featured
AUTHOR
USER NAME: JAMAAH45
ETH: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B