TRVL (Dtravel) price

TRVL

#2194

Dtravel is a peer-to-peer vacation rental ecosystem powered by its native token TRVL.

Built on the Nite Protocol, Dtravel is eliminating the need for centralized marketplaces and solving problems related to connectivity, trust, and distribution in global travel. The TRVL token is used as an incentive to accelerate Dtravel’s growth, while enhancing the experience of holders inside the Dtravel ecosystem. Vacation rental operators use Dtravel's infrastructure to launch their own booking site and activate on-chain listings. Travelers find and book vacation rentals directly with operators through Dtravel's innovative discovery engine called Sensei AI.

Vacation rental operators and travelers earn TRVL by completing peer-to-peer bookings and growing Dtravel's distributed network of listings.

TRVL token utility is founded on 3 pillars:

Whenever any fees are paid in TRVL, they are discounted. When fees are paid in fiat and other cryptocurrencies, they are used to buy back TRVL. The fees converted to or paid in TRVL are split and allocated to:

1. Stake-to-Boost Vault
2. Stake-to-Earn Vault
3. TRVL Community Treasury
4. Burn Bin

The three pillars of TRVL utility generate strong demand for TRVL, whereas the token model is designed to reduce the circulating supply of TRVL.

Discounted fees, rewards, and the possibility to vote to approve grants and choose the protocol and tokenomics parameters create demand for TRVL and encourage growth in fee-paying users. The buyback removes TRVL from the market, reducing the circulating supply. Recyclable burning makes it harder for TRVL to be brought back into circulation by locking it. The staking vaults encourage users to keep their TRVL holdings out of circulation.

The maximum supply of TRVL is fixed at 1,000,000,000 (1 billion).

Learn more about TRVL by visiting https://www.dtravel.com/token.