TRVL Token Economics

Updated March 14, 2024. This is an evolving document and will be updated regularly.

Overview

Bitcoin is widely recognized as the world’s first peer-to-peer electronic payment system, enabling any two parties to transact without intermediaries. In effect, holding BTC symbolizes activism to move beyond the traditional banking system.

Similarly, Dtravel is empowering the world with the ability to travel without the need for centralized marketplaces or third parties. The TRVL token enables a movement beyond mainstream online travel agencies (OTAs). Like Bitcoin, Dtravel incentivizes growth of its peer-to-peer vacation rental ecosystem by distributing rewards to those contributing the resources required to secure and grow the ecosystem.

The dominance of major online travel agencies (OTAs) in the vacation rental industry brings various challenges. Centralized platforms not only impose hefty fees and exert outsized control over users, but their objective to appease shareholders leads to one-sided dispute resolutions and policy changes that punish users economically.

Despite users playing a crucial role in building platforms like Airbnb, Vrbo and Booking.com, they're not given a stake or a voice in development, leading to a market lacking innovation and diversity, and a community feeling undervalued and voiceless.

Dtravel’s peer-to-peer travel ecosystem is a progressive alternative to the centralized platform model, made possible by TRVL. The TRVL token promotes decentralization and community-driven development by incentivizing growth and adoption through meaningful reward distribution.

This paper explains how Dtravel is using TRVL to transform the vacation rental industry. It reintroduces the purpose of TRVL within the Dtravel ecosystem and a new token model that clearly demonstrates long term growth for TRVL holders.