Blockchain platform for the trillion dollar apartment rental industry.

[StayawhileTokenSale]

A blockchain-backed platform for the trillion dollar apartment rental industry.

Stayawhile is the first company to combine blockchain-based utility tokens and furnished apartment rentals to create a global real estate ecosystem for an international clientele.

Stayawhile is a global network of furnished, branded, designer apartments in major cities around the world. We are already operational in New York City and Boston, and will open in Philadelphia this month. It is our ambition to create a new category — branded medium-term housing — and to become the global leader with hundreds of thousands of branded apartments across the globe.

Foreign nationals typically encounter difficulty renting apartments in markets where they do not own assets. Institutional landlords generally prefer not to rent to international clientele since it is difficult to assess their creditworthiness or to seize their assets when they are held in overseas bank accounts. By launching the Stayabit token, the company will eliminate many of these obstacles and enable international customers to move seamlessly around the world between the ever-expanding network of Stayawhile apartments, creating more of a world without borders.

Stayabit Token Sale Begins November 9th at 11 AM EST (New York)
The earlier you contribute, the bigger the discounts.

LEARN MORE:


Token Website: https://token.stayawhile.com/
White Paper: https://token.stayawhile.com/pdfs/whitepaper.pdf
Stayawhile Website: https://stayawhile.com/
Follow on Twitter at: https://twitter.com/stayawhiletoken
Follow on Reddit at: https://www.reddit.com/r/thestayawhile/
Follow on Facebook at: https://www.facebook.com/thestayawhile/

PRESS:

Crains Article: https://[Suspicious link removed]/2nb3xt

FREQUENTLY ASKED QUESTIONS:


Why does an apartment rental network require blockchain?

There are several strong reasons to incorporate blockchain technology, but the primary one is that we are by definition an internationally focused business. Our corporate goal and value proposition is to have Stayawhile apartments located in every major area of the world, so you can always find a home wherever you may be. This necessitates a method of accepting payment across a wide range of currencies, which is quite operationally and financially costly — both for us and for the customer. Blockchain enables us to have anyone, anywhere, able to pay instantly and easily.

Why did you choose to have STAY’s have a fixed exchange rate pegged to the dollar?


This is not quite true in the “pegged” sense. We are only proxying a token as $1 for the initial sale, as we need some sort of baseline for the
ETH -> STAY conversion. The only other option is an ETH peg which might make sense in the future when the tokens are in circulation, or after the sale has begun. This is not fundamentally different from what a gift card does (fixed dollar -> token conversion, offers utility and ability to pay in the future) aside from the ETH intermediate step, which is only necessary before the contracts are officially in place.

How do the transaction costs associated with blockchain tech compare to those associated with credit cards?


Let’s price this out. At the moment, we are accepting credit cards as rent payment. Our vendor, Stripe, charges 2.9% + $0.30 per transaction (and it will be some time before we have the resources to implement ACH payments). Sure, the fixed cost only really hurts in microtransactions, so let’s call that negligible. So we’re looking at 2.9% every month.
Now consider the cost with the Stayabit. Let’s assume you have zero ETH in your account (though this assumption is generous — many people who would be buying the token will already have plenty of ETH in their wallet, either bought, mined, or traded). Coinbase charges nothing for initial ACH transfers.

So you will be charged for two things:
The one-time conversion of USD -> ETH
The gas cost per token transaction

Coinbase charges 1.49% for the conversion. Current median gas costs are approximately 10–20 gwei per transaction, which is about $0.08, less than a third of the already negligible CC fixed cost. Thus, the cost is nearly 50% lower for the end user using the token system. This does not even take into account the rent discounts built into the token utilities.

Why would anybody hang onto their STAY tokens — particularly landlords?


Landlords are not the target owner of the Stayabit — the renters are. So why would they want to hang on to their tokens? Well, as detailed in our whitepaper (https://token.stayawhile.com/pdfs/whitepaper.pdf), we’ve enumerated seven intrinsic value propositions for the token itself:

* Rent Payments
* Booking Priority
* Collateral
* Voting Rights
* Credit Scoring Enhancements
* Rent Discounts
* Membership Club

All of these should be considered strong assets for token holders.


How does voting work within the network?


All token holders will be asked to vote on new locations upon implementation of the token system. One token = one vote. Periodically, we will ask token holders to vote in the future, and focus our expansion efforts on the outcome of the votes.



FOLLOW ON TELEGRAM TO STAY UP TO DATE WITH THE TEAM:   -- https://t.me/joinchat/GsDqSw8POzzIkKcaJXTd-A

[djwatt3]

Reserve for ITalian translation

[szfinx]

Are you going to fix the rent for the whole rental period (can be several years) for dollar or your token?
Who is going to take the price fluctuation risk? You, the renter or the landlord?

The idea is good, but it won't work, it is still too early for cryptocurrencies to take over. Not even the Bitcoin is stable enough to be a base of a long term plan.

[Krezz2017]

Due to the fact that at the present time, there is a lot of quite wealthy people who don't want to live in hotels, and you want to remove luxury housing, I think that this project will have an interesting future.

[sculptoris]

It looks interesting but who is on the team and what is your guys experience in both blockchain and real estate? Or (and) do you have escrow?

[StayawhileTokenSale]

Due to the fact that at the present time, there is a lot of quite wealthy people who don't want to live in hotels, and you want to remove luxury housing, I think that this project will have an interesting future.

There are also people who want to live more flexibly! Our product serves anyone who wants the comfort of a home without having to deal with all of the headaches (long-term leases, furniture, cable and wifi bills). And it's all built with a lot of love and thought, so that it's always a place you want to retreat to, no matter where you are in the world!

[Odeoke]

https://bitcointalk.org/index.php?topic=2294783

https://bitcointalk.org/index.php?topic=2285980

https://bitcointalk.org/index.php?topic=2281331

https://bitcointalk.org/index.php?topic=2274457

https://bitcointalk.org/index.php?topic=2274445

https://bitcointalk.org/index.php?topic=2261969

You already started 6 topics for this project what is reason to open new thread each day?

[StayawhileTokenSale]

It looks interesting but who is on the team and what is your guys experience in both blockchain and real estate? Or (and) do you have escrow?

Great question! We have a world-class founding team with extensive experience in real estate, financial services, software engineering, and blockchain technology. I've given short versions of our senior members below but you can read the full bios and take a look at the rest of our team in our white paper here or on our website:

https://token.stayawhile.com/
https://token.stayawhile.com/pdfs/whitepaper.pdf

Janine Yorio, Founder & CEO
Before founding Stayawhile, Janine spent her career financing and building edgy hospitality brands. Previously, she was head
of acquisitions and development for Andre Balazs Properties (the Standard Hotels, Chateau Marmont, Chiltern Firehouse)
and spent seven years as a portfolio manager at private equity firm NorthStar Capital, where she specialized in hospitality
and gaming investments and closed acquisitions for Ian Schrager's Morgans Hotel Group. Over her career, she has managed
over $2 billion in private equity investments and structured debt instruments, from origination to exit and IPO.

Brett Woodward, Head of Technology
Brett is an experienced software engineer, financial analyst, and automator. He has extensive experience in data analysis,
automation, financial modeling/valuation, system administration, penetration testing, machine learning, API development,
and full-stack web development. Previously, he managed multi-currency risk analytics at BlackRock, was a software engineer
at AppNexus and was the co-founder of an advertising technology startup. He was an early adopter of blockchain technology
in 2009 when he built several Bitcoin mining rigs and FPGAs (field programmable gate arrays), a hyper-specific computer
designed to perform one task.

Gita Gandhi, Head of Real Estate and Design
Before joining Stayawhile, Gita worked as a real estate attorney at Shearman & Sterling and Bryan Cave. Her real estate
practice includes experience in sales and acquisitions (of multifamily as well as single family properties), development
transactions (including all types of development rights transactions), fund formation (including review and negotiation of
subscription agreements, side letters and governing fund documentation) and related joint venture agreements, mortgage
and construction financing, restructures of existing financing and real estate concerns in connection with stock purchase
agreements; negotiating and drafting various types of agreements, including contracts, ZLDAs, mortgages, leases,
promissory notes; review and negotiate title policies and surveys; perform required due diligence including the review of title
reports, surveys, ground and space leases, estoppels and SNDAs.

[StayawhileTokenSale]

https://bitcointalk.org/index.php?topic=2294783

https://bitcointalk.org/index.php?topic=2285980

https://bitcointalk.org/index.php?topic=2281331

https://bitcointalk.org/index.php?topic=2274457

https://bitcointalk.org/index.php?topic=2274445

https://bitcointalk.org/index.php?topic=2261969

You already started 6 topics for this project what is reason to open new thread each day?

Hey there - we're just trying to get the word out about all the benefits of the Stayabit as our token sale approaches.

[StayawhileTokenSale]

Are you going to fix the rent for the whole rental period (can be several years) for dollar or your token?
Who is going to take the price fluctuation risk? You, the renter or the landlord?

The idea is good, but it won't work, it is still too early for cryptocurrencies to take over. Not even the Bitcoin is stable enough to be a base of a long term plan.

Great question! We don't fix rents for the entire rental period--even in USD.  Our rents can fluctuate every month based upon external factors like seasonality, cyclicality, underlying price increases. We will state the rental prices in Stayabit but those prices will fluctuate in real time.  We require that our customers pay in advance for their stays, so we will take payment in their preferred currency (either fiat or Stayabit) and immediately convert to the local currency in order to pay our costs.
 
We are exposed to currency fluctuations when we hold a currency that we cannot use to pay for our cost of goods sold. Our landlords are not exposed to those currency fluctuations.

[Praetorian.1legion]

Your approach is understandable. I think that you are doing the right thing. Has your coin already come out? What kind of capitalization do you forecast? On which exchanges will you trade a coin?

[StayawhileTokenSale]

Your approach is understandable. I think that you are doing the right thing. Has your coin already come out? What kind of capitalization do you forecast? On which exchanges will you trade a coin?

Thanks for the support. Our token sale begins on November 9, 2017 at 11:00 AM EST (New York). Sign up now to be reminded for when the sale starts. The earlier you contribute, the bigger the discounts!

https://token.stayawhile.com/

[lowkey9898]

how do you solve the proof of ownership in different region and jurisdiction of the world?

[StayawhileTokenSale]

how do you solve the proof of ownership in different region and jurisdiction of the world?

Hi there! We're a blockchain platform for the apartment rental industry, we don't focus on ownership of the apartments.

[lilycese]

The main customers are foreigners? how to promote it? You must make a detailed marketing plan.

[StayawhileTokenSale]

The main customers are foreigners? how to promote it? You must make a detailed marketing plan.

Yes, most of our customers are not native to the United States! We promote and market the product in many ways and have a very detailed marketing plan on how we can grow in every country. Our current properties are 100% occupied!

[bezzler]

I think this is very impressive. the platform for the apartment rental industry.

[StayawhileTokenSale]

I think this is very impressive. the platform for the apartment rental industry.

Thank you for the support! If you want to participate in the sale, sign up on our site to stay up to date!