DeskBell Chain DBT ICO: Hotel & Tourism Blockchain Platform?
DeskBell Chain — or simply “DeskBell” for the sake of this review — is an in-development blockchain-based technology to provide a wide range of services to both hotel guests and the operators of those same hotels.
Based on an existing product, also known as DeskBell, the platform is determined to expand its core functionalities by transitioning to a blockchain base. To crowdfund this development, DeskBell is poised to issue an ICO for DeskBell Tokens (DBT).
The DeskBell Chain Team & Company
As a company, DeskBell is located in Estonia and has been providing a hospitality app that provides communication options between hotel guests and staff. The mobile app provides the ability for guests to understand, at a glance, the amenities available at a particular hotel while also being able to contact hotel staff to answer questions.
According to the Android version of the app, Google Play reveals that it has been downloaded about 1000 times since October of 2017. It’s rated 4.1 stars out of 5, though this is only across 10 total reviews.
The DeskBell company itself has strong ties to Russia, as its CEO Sergey Ivanov is listed as being located within the country. CTO Andrei Karachkin and engineering team lead Gennady Smagin are likewise from Russia as well. This makes it fairly obvious that, while the company may be registered in Estonia, it’s neighboring Russia where most of the business decisions are made regarding the direction of the company.
The DeskBell Chain Platform
The blockchain-based DeskBell Chain platform as proposed seems to be a supercharged version of the existing DeskBell mobile app. Features and services are set to be expanded, with the primary one being the establishment of a marketplace for hospitality services.
The company’s DBT cryptotoken would act as the main currency for this marketplace, ostensibly letting guests pay for hotel stays, room service, and other types of goods and services related to the hospitality industry.
About the DeskBell Chain DBT ICO Token Details
DeskBell’s ICO token crowdsale is scheduled to begin its presale on March 26, 2018 and will run until April 9, 2018. There will be 7 million tokens for sale during this period, with token prices set at 1000 DBT for 1 ETH. The pre-sale has a soft cap of 600 ETH and a hard cap of 7000 ETH.
There will be a brief pause between presale and its full ICO, which will begin on April 23, 2018. It will continue until May 14, 2018. Token price remains the same, but the number of tokens on sale will rise to 93 million. Likewise the soft and hard caps for the main ICO phase will be 23,000 ETH and 93,000 ETH respectively.
Verdict = Is DeskBell Chain DBT ICO A Worthy Investment?
While DeskBell Chain certainly seems like a good idea, and it does seem to be attempting to inhabit a space where there’s a lack of any type of analogues or similar services, we’re not so sure that it’s going to be the best choice for an investment. Reasons for our reticence include the lack of adoption for its already-in-existence core hospitality service app.
With only 1000 downloads to its name on Android and only 10 people bothering to review the app, it’s fairly obvious that DeskBell is the farthest thing from a popular hospitality or travel app. While download figures for the iOS version of the app aren’t available, it only has 2 reviews to its name in the iOS App Store, also indicating that nobody is using it.
The lack of popularity for this app is likely to hinder the effectiveness of this crowdfunding campaign. If nobody is using DeskBell for its intended purpose, there’s not going to be anyone who will be particularly interested in investing in a new, supercharged, blockchain-based version of the technology.
In some ways this is a shame, as DeskBell, if developed, could likely be a boon for frequent travelers. However, we simply don’t see the blockchain version of DeskBell ever getting off the ground.