Bitcoin Forum

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Project Summary
Abab.io is a decentralized marketspace for accommodation rentals where a blockchain solves the issue of trust between the host and the guest. Our team implements on the blockchain a single database of guests and hosts comprising information about all the postings by the hosts, all the relationships between the guests with the hosts, and the system of booking and settlements between the guest, the host and the partner. Partners are third-party developers of services and interfaces for both hosts and guests.
ABAB.DAO is a decentralized autonomous organization used for developing projects (primarily helping partners in the formation of their products) based on Abab.io technology.
The main differences from the traditional solutions, for example, Airbnb, are the following:
•   the interaction between the guest and the host based on a smart contract;
•   an open technology for partners who, using the database of all hosts, can create the best offer for the guest (language/currency/site/mobile application/support service);
•   access to the entire host database without the need to request from abab.io permissions and accesses, without worrying about any changes in the rules of the game or the dictatorship from the "big brother", and without the need to be burdened by legal interactions with thousands of counterparties.
Always there are two main risks – the platform and counterparty in traditional alternatives.  It you’re a guest, something may go wrong with the platform and with the host, and it you’re a host – the same goes to platform and guest. We’ll remove the platform risk through DAO and decrease counterparty risk through smart-contracts.

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Problems We Solve
Guest issues
Average accomodation rental agregators commission is about 9-35%. Terms of use are usually the same for all of the users of the system and you can't refuse using insurance or, maybe, phone support etc. You can’t change one booking system to another because it’s database and reputation system have no access for other market participants.

Small market participants issues
If a company by itself wants to enter the rental market, it needs rather a huge amount of investment in real estate (to offer for rent) or to form a pool of hosts to earn commission from deals it provides to hosts (AirBnB business model). First option needs capital investments, second option needs a lot of time and marketing costs.
Among “sharing” companies there’re a few leaders of the market who owns a big amount of data about guests and hosts. These databases are unavailable to use by third party developers because often it has no API. In case if there is an API third party developers become dependent from an owner. The owner dictates its terms and is able to change commission size and seize markets warmed by partners.

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Benefits
Guests:
•   A huge database of the hosts’ offers;
•   Price: the blockchain allows lowering the cost of transactions and simplify the interaction of many hosts, guests, and partners;
•   Flexible channels of interaction provided by the network of partner services (websites, mobile applications, travel agencies);
•   A variety of options for the service: different partners provide different levels of service; some provide telephone support, others leave the client alone with the website while reducing the price; some communicate in English only while others can provide support in Rachasap;
•   Trust: the rules are written in the form of smart contracts and cannot be breached by either the host or the guest.
Hosts:
•   Customer flow: by posting an ad in one place you receive a stream of customers from many channels;
•   Trust: the rules are written in the form of smart contracts and cannot be breached by either the partner or the guest;
•   Identical rules for all, irrespectively of the partner;
•   Low commission systems due to the competition among the partners.
Partners:
•   Low cost of entering the rental market;
•   Data on all hosts;
•   Community support, including investment, via ABAB.DAO.

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AbabCoin Token Distribution
AbabCoin (AAA) – ERC20 cryptocurrency token with limited emission
Blockchain: Ethereum
Each AbabCoin unit can be divided into 100,000,000 parts.
1 AAA (ICO) = 0,10 USD
Total amount of AAA: 1,000,000,000 (1 billion)
Amount of AAA reserved for:
ICO and pre-ICO – 30% (300,000,000)
AbabDAO – 30% (300,000,000)
Marketing – 29,5% (295,000,000)
Team – 10% (100,000,000)
Bounty – 0,5% (5,000,000)

ICO and pre-ICO details
Amount of tokens for ICO: 298,000,000 AAA
Amount of tokens for pre-ICO: 2,000,000 AAA

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Core Team
Alexey Nebotov – Project Team Lead. Currently running a team of 20 analysts and developers. 5 years of experience in blockchain. Developed Solidity smart contracts.
Sergey Latatuev – Project Architect. Vast experience in enterprise application architecture.
Denys Matuzenko – Project Front-end Developer. 10+ years of enterprise solution architecture, analysis, design and development.
Yaroslav Lunev – Head of Communication. 7+ years of experience in digital marketing and business administration0 Director of Photography.

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Bounty Campaign
Wait for a few hours for announcement