Former executives of several travel companies like Airbnb and Expedia have joined forces with Travala.com, a company backed by Binance, to launch Dtravel, a blockchain-based home-sharing platform. With $5 million in seed funding raised so far, Dtravel aims to facilitate short and long-term stays payable with cryptocurrency and traditional payment methods.
Powered by a Decentralized Autonomous Organization (DAO), Dtravel is governed entirely by its users. It uses decentralized finance (DeFi) blockchain technology to facilitate smart contracts and operates its own cryptocurrency, TRVL, to allow participants to book stays, participate in governance, and stake for rewards. TRVL will soon be available for purchase and trading on Binance’s Smart Chain and Ethereum.
