One of the numerous application of Blockchain Technology lies in property listing for apartments, villas, hotel rooms and office spaces. InfraCoins leverages blockchain technology to assist in enabling these services to reach the threshold of transition from fiat to crypto by developing a platform focused on the practical application of smart contracts and blockchain technology in real estate and hotel booking transactions.
It is a decentralized open source booking and listing system. With an integrated marketplace that enables hoteliers and property owners, to list their properties to buy/sell/rent, manage bookings and collect payments, InfraCoins ecosystem is set to break the current norms.
How Does The INF Token Work?
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.
- 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 trustworthy score, which can help the lender make the right decision of proceeding with the transaction.
- Hotel Bookings: 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.
Upcoming VIP Sale
VIP sale with minimum purchase of USD 1000 is set to start on 7th July 2018 and ends on 14th July 2018 . Customers who purchase during VIP sale will be able to get 1 INF for USD 0.70 and also will get additional 5% tokens. To be able to participate one must register with us prior to purchasing the tokens.