PopulStay aims to create a decentralized hospitality management platform that uses blockchain, IoT, network security, and AI. It will be the first keyless home sharing platform that provides direct host and guest connection. It eliminates the need for intermediaries, like home sharing platforms and online travel agents, in connecting hosts and guests. Thus, takes away charges for transaction fees.
Key Statistics
Premise
4/5 – Very Good
Among others, their platform offers no fees for transactions, as well as cross-currency transactions, and no booking commissions. All of which, allows them to provide guests with greater experience and very affordable prices. Owners, on the other hand, receive maximum profit with minimal cost.
With a keyless door lock, PopulStay utilizes smart contracts to provide security in allowing users to identify who can use the door lock and have access to their property. Smartphones are used to authenticate and confirm transactions.
The PopulStay platform uses Ethereum smart contracts to manage arrangements made between hosts and PPS, hosts and guests, as well as hosts and service providers. Smart contracts help ensure efficiency and fulfillment of transactions.
A mobile app lets hosts to set price, deposit and receive payments for the rental of the property. Guests can use their smartphones to pay deposits, get access to the property, check-out and return deposits. It provides an efficient communication media for hosts and guest to communicate through video chat.
Services such as leaning, key exchange, photo shooting, interior design, and dynamic pricing from independent third-party providers help in keeping a smooth and hassle-free operation.
Team
3/5 – Good
PopulStay is founded by their CEO Walter Wang Yue together with their CMO Brain Lin. Mr. Yue has gained an interest in Blockchain since he became an investor in Bitcoin and Ripple since 2014. He is also the co-founder of Igloohome, creator of smart locks and keyboxes, a company based in Singapore.
The PopulStay team is made up of eighteen members in total. Each is experienced professionals in their rightful fields and expertise.
Token
3.5/5 – Pretty Good
PPS, the symbol for PopulStay token, is a utility token built on ERC20 on the Ethereum blockchain. There is a total of 5 billion PPS token, where 1 PPS is equivalent to 1 US Cent. For this project, they have set a hard cap of 50 thousand ETH.
The PPS utility token can be used for booking accommodations and as payment for operational and marketing service. Half of the token allocation will be distributed on the initial coin offer. 15% will serve as reserves, and 9% for bonuses. Remaining tokens allocated to the founders, team, advisors, and including reserves will be vested for two years. Majority of the funds will be used on the team, marketing, reserve, and others.
Risk
3/5 – Medium Risk
Hospitality is a 600 billion industry and continuously grows with the upsurge of visitors to Tokyo and other cities in Asia. It provides a revenue opportunity for home or property owners. PopulStay has established partnerships that gave them access to over three thousand properties all over Tokyo, Singapore, and Shanghai.
PopulStay offers cheap booking service fee of 3% equally divided to the guest and host. The tokens collected will be used for community governance. They also offer other paid services from third-party providers.
Summary
3.5/5 – Pretty Good
PupulStay’s token economics is sound and favorable by letting founders, team, and advisors to vest their tokens for two years. This project is on its early stage of their roadmap that stretches until the year 2020.
PopulStay is a home sharing platform that can be compared to Airbnb, however decentralized. This project opens up a new avenue for technology and innovation by providing the world’s first keyless and direct host and guest connection.
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The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
Reviews
Sound and Favorable
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