CrowdVilla ICO (CRV Token): Blockchain Holiday Home Sharing?
Have you ever wanted to have a home that you could use for the holidays without having to buy a house? Crowdvilla is offering you the opportunity to do just that without actually having to rent the house. Read our review.
What Is CrowdVilla?
Crowdvilla is a blockchain community which has decided to create a sharing economy model for holiday properties. By using the blockchain technology, the company intends to create a way to make a revolution in how people share holiday homes. You will be able to access houses without having to rent them or to spend a lot of money buying them.
The company, which is a non-profit organization based in Singapore, has created a model in which the houses can be used by all the token holders of the company. An ICO will be made and it will be used to raise funds that will buy these homes and then people will have the right to use them.
CrowdVilla CRV ICO Details
By having CRV tokens, you will have an ownership of the houses. These tokens can be used to produce CROWD tokens. These CROWD tokens are issued from time to time, so you can see that holding CRV tokens is like having a generator of CROWD tokens. Why do that? Because the CROWD tokens are used to booking stays in the properties that Crowdvilla has.
These tokens are burned after use, so they are not used to be traded, but to organize how the houses are used by the investors of the company. If these tokens did not exist, it would be harder to manage who would be able to use each property.
You only pay for the CRV once during the sale, but you will be able to use the CROWD tokens generated by them for as long as you hold the tokens. Their value will be stable, as they are backed by real assets (the holiday houses). These houses will be purchased from places all over the world, so you will have plenty of options of places to stay when you decide to travel.
The token sale will happen during April 2018 and it will last about 60 days. The soft cap of the sale will be 10,000 ETH and the hard cap will be 50,000 ETH. If you buy during the first 30 days, you will receive a 20% bonus and be able to receive 4,800 CRV for 1 ETH instead of the normal price of 4,000 CRV tokens per 1 ETH.
CrowdVilla Blockchain Holiday Home Sharing Verdict
It’s hard to say how successful this company will be, but you can certainly see that it has a novel idea and plenty of potential. It is a very innovative idea to share the property of houses this way and you will be able to save a lot of money in the long term if you decide to invest in Crowdvilla. You only have to check the availability of the properties that will be bought by the company.