What is Blockchain Technology?
An emerging technology that has the potential to fundamentally change the way transactions are made and how digital information is stored, processed, and accessed.
In its simplest form, the blockchain is a database of information where ‘blocks’ are recorded anonymously and permanently with secure cryptography. Everyone in the chain can see and verify each transaction, creating a traceable, decentralized system that resists third-party modification and manipulations, while ensuring transparency for all data that is stored.
Hotelier Mart
Hotelier Mart is a one-stop shop for the travel industry powered by blockchain technology. While a new platform, more than 170,000 hotels are already enjoying the benefits of trading their rooms freely, circumventing the bureaucracy and costly intermediaries that have plagued the industry for decades.
Coming up Short for the Large Exchanges
Listing tokens on large exchanges is expensive and impractical, as high barriers to entry often prevent start-ups from entering the industry. The decentralized financial system offered by Hotelier Coin allows any hotel owner the opportunity to tokenize a percentage of their rooms and reap the many benefits of integrating their business with the blockchain.
Hotelier Coin DEX
A decentralized exchange built on a P2P network.
How It Works
The exchange operates on the Ethereum Blockchain, enabling the sale of ERC-20 tokens while removing restrictions from regulators and third-party administrators.
It features an easy-to-use, multi-linguistic interface combined with round-the-clock consultation for questions — simplifying the sale of digital assets, even for beginners. The code is open-source and designed from the ground up for complete transparency.
Catering to the Future of the Hospitality Industry
The DEX provides an opportunity for hotels both big and small, to trade their own branded tokens. They will have the ability to sell them at any given time and auto-buy tokens via a reserve system whenever they reach the best price on the exchange, just in case their own are sold out.
A token must first be purchased at the original price set by the hotel owner before being added to the exchange, which can be done directly from the Hotelier Coin website.
How To Buy and Sell HTL Tokens:
Buying and selling can be done in a few simple steps:
- Enter the amount of currency you’d like to trade
- Specify the price in the corresponding currency pair
- Confirm the information entered
- Sign a transaction to create an order
After the user has completed the transaction, the information flows to the general list of orders and the specified number of tokens are frozen until the order is executed or canceled. Of the 6% commission for all B2B transactions, 2% cashback is awarded to both the hotels and the brokers for issuing their first tokens. For each P2P trade, 0.05% commission will be sent to the platform-owners wallet. This can be used to enhance the platform in a variety of ways, like updating and developing the DEX.
The listing of new tokens is automated, which means that as soon as the tokens of the new hotel are issued, trading pairs with its participation will immediately appear on the stock exchange.
Ahead of Schedule
The Hotelier Coin DEX is fully functional and ready to be launched by the second quarter of 2019. Due to the dedicated and concerted efforts of our entire team, we have are pleased to announce that we are ahead of our planned schedule by leaps and bounds.
Follow our progress at hoteliercoin.io.
