BitBook to become a bridge between DeFi and hotel industry
The crypto world is booming with new ICOs adding daily. The token fever reached such proportions that HBO decided to use this theme in its popular TV series – Silicon Valley. Its latest episode was entitled “Initial Coin Offering.”
In the opening episode, HBO showed a shot of the U.S. bitcoin exchange Coinbase. According to the plot, fictional decentralized internet startup Pied Piper opted to pursue an ICO after their original plans for Series B funding went south. The crypto community discussed the new episode with great relish on social media. Reddit users mostly thought the episode did the DeFi market justice and provided great exposure.
While Silicon Valley’s ICO is fictional, the same couldn’t be said about BBT. BitBook launched its native utility token today. A total supply is 1,000,000,000 BBT, but only 40% is available for IEO. The price is 0,014285714 USD per BBT, and the platform accepts BNB, BTC, and ETH in exchange. Investors can buy this BEP-20 token on Binance Chain.
What about BitBook ?
BitBook is a travel platform. It offers people the opportunity to book accommodation and earn tokens in the process. Furthermore, it provides a passive income to customers that create and share travel content.
According to various surveys, approximately 1.3 billion people travel every year around the world. Roughly $528 billion circulates in the hotel industry annually, and analysts expect this amount to double by 2030. However, two major platforms dominate 90% of the booking market currently.
As hotels are wholly dependent on these sites, they have to fight high commission fees. It’s not easy to compete with corporate giants. So, BitBook decided to find other solutions and use DeFi space instead.
With their Token Reward program, the team will be able to drive adoption of the platform by incentivizing users to bring their friends on board. They will also drive organic traffic by rewarding users who create remarkable travel content.
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