INTERNET CITY, DUBAI, Dec. 8, 2022 – LBank Exchange, a global digital asset trading platform, has listed Block trip Token (BTR) on December 8, 2022. For all users of LBank Exchange, the BTR/USDT trading pair is now officially available for trading.
Utilizing the power of blockchain technology, Blocktrip builds a decentralized booking protocol for hotels, private properties, and accommodation. Its native token Block trip Token (BTR) has been listed on LBank Exchange at 8:00 UTC on December 8, 2022, to further expand its global reach and help it achieve its vision.
Traveling can enrich people’s lives and people use either booking engines or hotel/flight websites to choose the product. There is no doubt that booking engines are a very profitable industry but the Online Travel Agency (OTA) industry is dominated by two major platforms which can cause major risks such as data privacy and digital security, and high fixed platform fees. One of the main reasons that these platforms became so successful was the user’s rating and review of the products and services, not the lower price. These Users’ unique inputs are part of booking engines’ assets, and Blocktrip believes that users have the right to own and be compensated for their input.
Blockchain technology can empower users to share their unique experiences and also improve the booking engine system safer and more cost-effective at the same time. As a decentralized booking protocol for hotels, private properties, and accommodation, Blocktrip was created to streamline the whole process of searching, booking, reviewing, and being rewarded for users with a better user experience and safer environment on blockchain.
On average, OTAs take up to 20% commission on the reservation. Blocktrip will minimize the commission by up to 5 to 10 % which is feasible using blockchain technology. It will be able to lower the fixed cost of the data processing fees by segmenting the decentralized blockchain layer.
The current issues that OTAs have with data privacy can also be addressed by using blockchain technology since shared ledger information can provide unparalleled security and data privacy. And users will be properly compensated for product ratings and reviews and other forms of user-generated content that they provide on the Blocktrip platform. Furthermore, by launching its native token and decentralizing the ledger of hotels, and other accommodations, Blocktrip can process data much faster.
In addition to regular user compensation, Blocktrip also provide other programs to benefit users, such as staking program and reward program. Every six months, the ranking for hotel owners’ Blocktrip token’s staking amount will be calculated and hotel owners will be eligible to receive free marketing packages and hotel amenities. And to incentive users to become loyal customers at Blocktrip, Blocktrip Reward Program is designed to reward exclusive benefits across a wide range of hotels and other accommodations. Based on the number of reservations, total spending, number of reviews, and quality of reviews, Blocktrip token staking system, users will be classified into five types of membership and the tier will be adjusted every six months.
About BTR Token
Block trip Token (BTR) is the native token of Blocktrip ecosystem. Based on ERC-20, BTR has a total supply of 1 billion (i.e., 1,000,000,000) tokens. It has been listed on LBank Exchange at 8:00 UTC on December 8, 2022, investors who are interested in the Blocktrip investment can easily buy and sell BTR token on LBank Exchange right now. The listing of BTR token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about BTR Token:
Official Website: https://blocktrip.co/
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