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Quote from: JordanMe on August 14, 2017, 09:58:03 PM

HotelCoin - Distributed Accommodation for Everybody

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Building upon the well-established business model of online booking, the HotelCoin project transforms traditional accommodation rental into a new-generation community-based ecosystem where one can share, sell or rent out high-quality accommodation spaces using Ethereum and Waves-based digital tokens. HotelCoin tokens not only serve a practical function, but also have actual inherent value based on a real physical product: it is this that makes HotelCoin stand out from other projects utilizing crypto tokens.

Real estate is one of the most conservative areas of the economy, while Blockchain is considered a disruptive and novel technology. Nevertheless, combining these seemingly incompatible elements has proved extremely fruitful — a salient example being Booking.com, Airbnb.com.

The foundation of most projects is the concept of creating a shared infrastructure with a global community. The advantages of this business model over the management practices of large corporations, with their rigid internal regulations and strict hierarchy, are quite apparent. This is especially true for young technological generation, who are increasingly rejecting the traditional booking in favour of online booking environments. This format has gained much traction: according to Online Travel Industry Survey, the sales has roughly doubled since 2014.

We believe that the use of crypto-tokens will both benefit and enhance this model: it was this notion that inspired the creation of this project. Through the use of a single-payment crypto-token membership, the HotelCoin project offers access to all-inclusive residential spaces located in the leading business and resort centers of the world. It’s scalable, fast to set up, and flexible in terms of timing and the size of the team.

The project will be executed in two main stages. The first stage is the establishment of six shared spaces in the following strategic locations: London, Miami, Dubai, Bali, Hong-Kong, Male. Strategic in that, each is regarded as one of the most beneficial cities for business and tourism. These spaces will be 1500 square meters in size and more. The locations of future HotelCoin hotels will be decided by the vote of the HotelCoin token holders.

A system of dividing the infrastructure into rentable accommodation (based on classic, standard real estate relations) and non-rentable spaces reserved only for HotelCoin community members (based on crypto-economic relations), will ensure efficiency and profitability of HotelCoin business model. Non-members can obtain temporary membership and access to accommodation spaces through the renting of tokens from HotelCoin community members.

Although ultimately, the underlying profit of HotelCoin will be made through the renting of residential space to individuals, families, companies, project teams, startups, branch offices, etc. This will cover the operating expenses of the property management company.

The cryptocurrency token HotelCoin (HTC) is built on the WAVES platform and is compatible with Ethereum protocols. There is a proof-of-concept up and running in Bali, which is already receiving endorsements from prominent international experts who have become members of HotelCoince's growing community. In accordance with the business model outlined above, the Bali unit provides shared accommodation to the current members of the HotelCoin community.

To develop and run more HotelCoin units we need to collect funds that will cover start-up costs, the operating expenses of the Property Management Company, as well as capital expenditures (building the hotels with shared accommodation in selected locations). To accomplish this task, the ICO procedure is necessary.

The funds collected through ICO will allow us to begin the creation of HotelCoin infrastructures, adjust the first six units to the level of cost recovery, and ultimately produce the revenue to be re-invested in building the next locations. The value of the tokens will surge as the demand continues to rise.

Additionally, the tokenization of our shared accommodation provides us with a unique opportunity to establish a pool of committed community members, tenants, landlords and opinion leaders, who we can rely on in the future stages of the project’s development.

One HTC token allows full access to the shared accommodation at any HotelCoin location for one person. In every residential space, all the necessary services and amenities will be present and provided, such as broadband Internet access, swimming pool, transfer etc. The term of the token is unlimited and, therefore, does not expire. The fee itself is secured in a single payment. The number of tokens that can be purchased by the same holder is unlimited. In this case, the possession of 2500 tokens permits the use of a private hotel room, if one is available.

As noted above, current tokens holders can participate in the further development of the project: for example, to participate in the selection of future sites for new HotelCoin, as decided by a general vote. Tokens are not bound to a person or company, and anyone who can certify their ownership of it can use it. That is, the token can be resold or leased on (see paragraph 2.3).

HTC tokens are divisible, i.e. their number need not be an integer. Fractional shares are introduced for the convenience of working with HTC as investment assets. The smallest fraction is 0.0000001 HTC. It is worth noting that to access the services of the hotel the holder must have at least 1000 complete token.

We assume that all participants in the project will maintain a proper level of decorum, decency and ethical conduct. Therefore, the team reserves the right to revoke membership, and deny access to HotelCoin hotels for gross or repeated violation of the rules of conduct. In this case, the current holder of the tokens can only sell them.

The total number of free-to-use tokens is limited to 17000000. Another 170000 tokens will be held in store for the social activities of the tech community, and will be at the disposal of members of the advisory board.

During the ICO, the payment can be made in any currency, both fiat and crypto; in the case of the latter, it will be possible to use third party conversion services like Kraken or Shapeshift. On the first day of ICO price of HTC will be equal to 0,0004 Bitcoins (BTC), and from the second to the seventh day of ICO — to 0,0006 BTC. Starting from the eighth day the cost of the token will be 0,0009 BTC.

PRE-ICO price of HTC will be equal to 0,0002 BitCoins (BTC).
Date: 21.08.2017

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