AIRSTAYZ ICO (STAY Token) Launches a Blockchain Travel Hotel Booking App
First 36 Hours Of Private Sales Launch For AIRSTAYZ Proves Extremely Profitable
AIRSTAYZ offers a platform that handles global travelTECH solutions, giving consumers the opportunity to use their tokens to make purchases from the travel and hospitality industry. They recently held a token sale on June 15th, which raised $1.5 million in private sales over the next day and a half. This early success may be considered indicative of a positive future with the platform.
CEO of AIRSTAYZ, Marc Italia, said,
“We’re pleased, but not surprised, that the private sale started on such a strong note. The current hospitality industry has several pain points that blockchain can solve. Our platform is ready for deployment in just another 60 days, and the global interest we’ve received in STAY tokens reflects how badly international travelers want a cryptocurrency solution to common travel problems.”
The only way for investors to take part in the private sale is with an invitation, even though they have a goal of reaching $3 million during it. To provide incentive to contributors, there is a 40% bonus for individuals that participate in this sale. There will be three other sales, which will have a declining bonus of 30%, 20%, and 10% during those stages. A total of 20 million tokens will be released with a final private sale, which is expected to also be by invitation only. Over the five sales, the company plans to make 93 million tokens available.
This private sale has seemed to be most beneficial and popular to investors in the United Kingdom, Australia, and Latin America. The United States will not be able to benefit from the sale for over a month, though the deciding factor appears to be due to the SEC’s change of regulations.
Partnerships With AIRSTAYZ
AIRSTAYZ works with the blockchain to make the travel experience more cohesive. Every traveler on the platform earns STAY tokens with every completed hotel reservation. The tokens appear to act like frequent flyer miles, in that they can be applied to additional stays, room service, upgrades, and other benefits.
Right now, there is a limited number of locations that accept the tokens, like Bellhop (a ride-sharing app) and OpenTable (a restaurant reservation platform). Furthermore, participants with the OpenKey program can even unlock their doors with their smartphone, which may or may not earn tokens.
The company has other partnerships in the works, like DeepMagic (for hotel shopping), Delos (for real estate and hospitality applications), and Alluxe (a luxury rental service)
The STAY Tokens
These tokens can work across any country, which already gives it an advantage over other forms of currency. There is no risk of losing cash or a card, since everything is maintained on a database that is accessible with a private key. To earn more rewards, users can leave positive reviews for the places they stay, which helps the hotels feel more encourage to continue participation.
The AIRSTAYZ Team
The team with this platform starts with CEO Marc Italia, with 25 years of hospitality experience, primarily focusing on high-tech innovation. President Marco Soriano is a finance professor and has worked as a commentator with Fox CBS and CNN. CTO Ajit Mann runs another business called bookdirect2save.com.au and has experience with bringing platforms to life. Co-founder Eric Moe also runs WideOrbit, using his advertising software skills with AIRSTAYZ.