Dtravel - Built on blockchain and a passion for travel

4 min readNov 22, 2021

1. Introduction

1.1 Dtravel

Dtravel is a decentralized, global home sharing community that facilitates accommodation discovery, bookings and payments, with lower fees than other home sharing platforms.

Community members are able to make and receive payments with traditional currencies and popular cryptocurrencies, including the utility token that powers Dtravel: TRVL.

But we’re much more than just a home sharing platform. Dtravel is a decentralized autonomous organization (DAO): a community-owned and governed ecosystem that operates for the benefit of its community members, composed of hosts, guests, contributors and TRVL token holders.

1.2 TRVL

The TRVL token represents stakeholder membership in the Dtravel DAO and enables participation in governance and voting activities that influence how the Dtravel platform is managed.

We believe that platforms facilitating bookings between property hosts and guests should be more than a place that just enables transactions. We want to provide a community where all members are owners and truly have an opportunity to voice their preferences, vote on decisions, and contribute directly toward the growth and success of the entire ecosystem. After all, who better to make these decisions and have ownership than those using the platform?

Using the power of Web3 technologies, Dtravel aims to bring decentralization to the home sharing economy through the Dtravel DAO and TRVL token.

2. Use Cases

2.1 Travel

Dtravel allows guests to pay for bookings in a wide variety of fiat currencies and cryptocurrencies, including TRVL. Payments in TRVL are encouraged and incentivized by a guest cashback of up to 25% of the total nominal fees. The exact percentage of cashback for a guest depends on the guest’s Boost Factor 【b（u）】, according to the equation below:

Furthermore, hosts are encouraged and incentivized to choose to receive payments in TRVL through a host cashback of up to 25% of the total nominal fees. The exact percentage of cashback for a host depends on the host’s Boost Factor【b（u）】，according to the equation below:

The cashbacks are paid in TRVL to the host’s and guest’s internal Dtravel wallets when the booking is completed.

2.2 Loyalty

Dtravel encourages community participation by rewarding activities of various types within the Dtravel economy, creating opportunities for members to be rewarded in TRVL for their time and effort. To ensure that these activities are performed by participants whose interests are aligned with the interests of the wider Dtravel community, participation is often exclusive to TRVL token holders who have allocated a minimum amount of TRVL.

2.3 Governance

Governance by the community through the Dtravel DAO is one of the key differentiators of Dtravel. In order to participate, submit proposals, vote on submitted proposals and, ultimately, have a say on decisions that will influence the future of Dtravel, TRVL token holders (including hosts and guests) must assign TRVL. Each member’s voting power is dependent on the amount of TRVL assigned by the member.

2.4 Protection

The TRVL token is used to protect the Dtravel community from malicious behaviours through the following mechanisms:

Extra Protection from Protection PoolHost and Guest AlignmentContributor Alignment

3. Project Key Highlights

Leveraging blockchain technology, Dtravel offers substantially lower fees than other booking platforms and accepts cryptocurrency payments.
Advised and led by former executives from Airbnb, Expedia, Cardano and others, Dtravel has raised more than $7M from top-tier VCs.
The TRVL token is the native token of Dtravel, powering its self-driving economy. It derives its utility from 4 purposes: Travel, Loyalty, Protection and Governance.
Dtravel has already secured 200K+ listings within 30 days of launching its site.
Dtravel is already live for bookings.

4. Token economics

4.1 Token allocation

4.2 GENE token release schedule

The sale rounds were led by institutional investors and were fully subscribed, with no single investor owning more than US$1.1 million worth of TRVL. The funds raised will assist with the initial development, set up and operation of Dtravel’s booking platform, DAO, and support services.

The vesting schedule summarized in the table above entails the following circulating supply: