StayBit users will enjoy the tremendous benefits of low transaction costs, the ability to register easily and book rental housing in different countries without fear of being blocked by their bank or remittance institution.
Contents:
- A brief description of the Ethereum StayBit project
- Why use a blockchain project?
- Additional information about dapp
A brief description of the Ethereum StayBit project
StayBit — a decentralized peer-to-peer platform that aims to revolutionize the booking-rental process in the 21st century. The main focus - the segment of the short-term rental housing market, formed by both individuals and small management companies. The StayBit platform provides a solution to transfer funds between tenants and landlords safely, as well as to resolve common conflicts through the use of smart contracts automatically.
Main advantages:
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Low cost |
The transaction costs are 2x or even 3x lower, compared to other platforms such as AirBnb and HomeAway. |
| Justice | Get the right to decide what is right and what is wrong. You will rely on behavior statistics instead of tons of non-constructive reviews now. |
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Simple use |
Making cross-border payments is easy. Fast resolution of disputes and immediate disbursement of funds if you need to cancel your reservation. |
Matching renters to landlords will be done in part through a website, operated by StayBit, although landlords will not be required to use only a specific website to advertise their ads.
Users will be given the option to log in with their existing Facebook profiles and create public keys, representing single sign-on.
Why use a blockchain project?
The developers strongly believe that by applying a range of measures, such as decentralization, transfer of transactions from paper to cryptocurrency and the introduction of flexible escrow agreements, executed on the blockchain, you can improve the operation of the exchange significantly.
The StayBit infrastructure has the following key elements:
- socially adapted website;
- automated deposit service;
- mobile applications for landlords and tenants;
- built-in wallets.
The creators of the project strive to create a platform that will ultimately hide all intricacies of owning an alternative cryptocurrency (ERC20 token), the execution of smart contracts, gas prices and more. The StayBit ecosystem runs on the public Ethereum network with some functionality, using traditional off-chain technologies (SQL databases, web servers).
Additional information about dapp
At the moment, White Paper and RoadMap are not available on the site. However, the developers provide a section with answers to questions. Since the community does not maintain social networks e-mail works for communication. The smart contract doesn’t have an audit.