Infracoins

1 Description
- 1.1 Important Dates:
2 Concept
3 Why Infracoins?
- 3.1 Problem
- 3.2 Solution
4 Features
5 Resources
6 Social Media
7 See Also

Description

Real Estate Platform BUY | SELL | RENT | HOTEL BOOKINGS

InfraCoins is a decentralized property listing ecosystem that will use blockchain technology to make the listing process less costly, more convenient and secure. InfraCoins technology reduces traditional frustrations, scam rates, time delays, and friction points in the hotel booking and rental process to benefit both customers and clients. Although the costs and characteristics of housing and hotels vary across the world, residents of many countries experience the same problems in the long-term rental and hotel accommodation space. InfraCoins mission is to offer a solution that will be equally efficient for residents across international borders.

Project Website

Important Dates:

VIP Sale: 07-Jul-2018 00:00:00 to 14-Jul-2018 23:59:59

Pre-ICO: 15-Jul-2018 00:00:00 to 31-Jul-2018 23:59:59

ICO Round 1: 10-Aug-2018 00:00:00 to 31-Aug-2018 23:59:59

ICO Round 2: 01-Sep-2018 00:00:00 to 30-Sep-2018 23:59:59

ICO Round 3: 01-Oct-2018 00:00:00 to 31-Oct-2018 23:59:59

Concept

InfraCoins is a decentralized property listing ecosystem that will use blockchain technology to make the listing process less costly, more convenient and secure.

The listing and travel industry is dominated by a handful of companies which, through market power and industry politics have created a highly concentrated market. They are able to charge superior margins, cause double marginalization, and in some cases simply collect subscription. Subscription collection and loftier margins blow up the cost of supply, with consumers eventually bearing the theatrically augmented cost.

The consolidated nature of listing platforms create a situation where the intermediaries have no incentive to use new technologies instead they spent resources on locking their customers into using the current system.

Current archaic technological solutions hinder innovation and create extremely high barriers to entry for new platforms. The blockchain space represents the future of hotel booking and property listing. InfraCoins aims to assist in enabling these services to reach the threshold of transition from fiat to crypto by developing a platform focused on the practical application of smart contracts and blockchain technology in hotel booking and property transactions.

Built on the blockchain, it is a decentralized open source booking and listing system. With an integrated marketplace that enables hoteliers and property owners, to list their properties to buy/sell/rent, manage bookings and collect payments, this ecosystem is set to break the current norms.

Whitepaper

Why Infracoins?

Problem

Technological evolution has led to the disruption of multiple sectors in recent years. Despite so many other industries having been successfully disrupted in recent years (retail, social media, transportation), the property listing space remains mired in tradition and lacks comparable innovation. The process of hotel booking and long-term rentals still results in frustration and lost time for both the customers and clients. There has not yet been technological disruption significant enough to usher in a new and better way to rent and book. Here at InfraCoins, we aim to change that. Global practices for hotel booking and rental process still include listings in the form of simple classified ads in print publications or on sites like bookings.com, Airbnb.com Craigslist, Zillow, Rightmove and Zoopla which provide limited information about a particular property for prospective tenants and essentially no support for actionable items, such as the application process, contract execution, collection, and maintenance requests.

Solution

Today, InfraCoins offers users a fully operational, web-based hotel booking and long-term rental, listing platform. Our goal is to leverage blockchain technology to ensure a seamless hotel and rental booking experience which will allow the entire rental application, rental contracts, booking hotels process and listing to be completed quickly and online. It is still common practice to complete many tasks manually. This includes prospective landlords, accepting paper checks or cash, rent payments, releasing of deposits, calling hotels to confirm if the payment is received, booking is confirmed, etc. In addition, agents and brokers sometimes charge significant fees for minimal services, and landlords force tenants to freeze thousands of dollars in rental deposits. International renters face problems qualifying to rent overseas as their credit scores and credit histories are only valid in their country of citizenship or in the country in which they are legally qualified to work and live in at the moment. Using InfraCoins, property owners and travelers in countries across the globe will have the opportunity to enjoy a transparent and universally applicable platform for listing their properties for rental or commercial purpose. Also with our INF tokens customers will be able to book hotels anywhere in the world with low transaction/commission fee.