InfraCoins is a decentralized property listing ecosystem that will use blockchain technology to make the listing process less costly, more convenient and secure. InfraCoins technology reduces traditional frustrations, scam rates, time delays, and friction points in the hotel booking and rental process to benefit both customers and clients. Although the costs and characteristics of housing and hotels vary across the world, residents of many countries experience the same problems in the long-term rental and hotel accommodation space. InfraCoins mission is to offer a solution that will be equally efficient for residents across international borders.
HOW It WORKS
The Decentralized INF Ledger is the engine that regulates all transactions and relationships between the hotels/property providers and the clients. In its core, there are going to be rules and operations governed by smart contracts which will be deployed in the Ethereum Virtual Machine.
LIST PROPERTIES
Users upload the property listing on the INF blockchain; free of charge,InfraCoins allows users across the platform to freely access data and also make transactions using INF Tokens.
EXPEDITE DUE DILIGENCE AND FINANCIAL EVALUATION
InfraCoins will perform the KYC of the user digitally within minutes, by validating the documents and identification proof using AI and NLP. Once the KYC is approved, then users will be provided a trust worthy score, which can help the lender make the right decision of proceeding with the transaction.
BOOKING HOTELS WITH INF
On booking of hotel a smart contract will be triggered (agreement), which includes details such as price,hotel details and cancellation policy. Based on the terms of the contract, the smart contract initiates the payments from customer.On checkout the contract triggers the payment to the hotel.
WHY INFRACOINS ?
THE PROBLEM
Technological evolution has led to the disruption of multiple sectors in recent years. Despite so many other industries having been successfully disrupted in recent years (retail, social media, transportation), the property listing space remains mired in tradition and lacks comparable innovation. The process of hotel booking and long-term rentals still results in frustration and lost time for both the customers and clients. There has not yet been technological disruption significant enough to usher in a new and better way to rent and book. Here at InfraCoins, we aim to change that.
Global practices for hotel booking and rental process still include listings in the form of simple classified ads in print publications or on sites like bookings.com, Airbnb.com Craigslist, Zillow, Rightmove and Zoopla which provide limited information about a particular property for prospective tenants and essentially no support for actionable items, such as the application process, contract execution, collection, and maintenance requests.
THE SOLUTION
Today, InfraCoins offers users a fully operational, web-based hotel booking and long-term rental, listing platform. Our goal is to leverage blockchain technology to ensure a seamless hotel and rental booking experience which will allow the entire rental application, rental contracts, booking hotels process and listing to be completed quickly and online. It is still common practice to complete many tasks manually.
This includes prospective landlords, accepting paper checks or cash, rent payments, releasing of deposits, calling hotels to confirm if the payment is received, booking is confirmed, etc. In addition, agents and brokers sometimes charge significant fees for minimal services, and landlords force tenants to freeze thousands of dollars in rental deposits.
International renters face problems qualifying to rent overseas as their credit scores and credit histories are only valid in their country of citizenship or in the country in which they are legally qualified to work and live in at the moment.
Using InfraCoins, property owners and travelers in countries across the globe will have the opportunity to enjoy a transparent and universally applicable platform for listing their properties for rental or commercial purpose. Also with our INF tokens customers will be able to book hotels anywhere in the world with low transaction/commission fee.
DISTRIBUTION & SUPPLY
INF TOKENS ARE A DEFLATIONARY UTILITY TOKEN BACKED BY ETHEREUM
The soft cap is set as 3,000,000 USD as we believe this is a minimal amount to allow for InfraCoins to set up the company and make a suitable investment into the real estate market.
FACTS
MAXIMUM TOKENS 50M
1 INF = USD 0.7 TO USD 1.25
SOFT CAP USD 3M
HARD CAP USD 30M
ROADMAP
Official links for more details,
Website : https://www.infracoins.com/
Whitepaper : https://www.infracoins.com/data/landing-docs/InfraCoinsWhitePaper5.2.pdf
Bounty Thread : https://bitcointalk.org/index.php?topic=4809492.0
Facebook : https://www.facebook.com/InfraCoinsOfficial/
Telegram : https://t.me/infracoins_community
Twitter : https://twitter.com/Infra_Coins
Youtube : https://www.youtube.com/channel/UCSvWTQBZptOL8l_Tjz9OVxA
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Published by cryptohipo
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