Paris, June 28th, 2018 – BTU Protocol, the French peer to peer booking protocol annonces today the second day of its exciting public flash sale lasting 72 hours.
This flash sale comes after a successful presale that involved crypto-funds as Alphanode Capital, family offices, software companies exploring the use of the BTU protocol and successful entrepreneurs supporting the company vision.
The presale was the opportunity to create a vibrant community with the common goal of breaking the monopolies of large online booking platforms. The flash sale is the opportunity for the crypto community to participate from 1 ETH and support this vision.
Currently, online service providers like hotels or tour operators are extremely dependent on large booking platforms. These centralized platforms have exploited their market power to create a monopolistic system where captive service providers are forced to pay increasingly higher commissions.
BTU protocol has designed an open, permissionless economy where anyone can book the resources listed publicly. The BTU token is creating trust in this open economy by incentivizing virtuous behavior in the reservation process :
- BTU as an incentive to accept a reservation. The BTU token serves as a stake for the service provider to confirm the reservation request.
- BTU as an incentive to cancel the reservation in time. When the end-user cancels lately the reservation, the staked BTU are lost.
- BTU as an incentive to operate a booking service based on the BTU Protocol : The BTU token helps also to reward developers referring a customer to any service provider.
In this open permissionless ecosystem, any blogger, online influencer, developer, software company or media group can connect its audience to the availabilities listed on publicly.
This enables a new competition for the existing centralized “winner takes all” booking platforms and can drive a new market equilibrium.
The BTU token sale was presented to the French AMF (local regulator). It is led by blockchain veteran Vidal Chriqui, inventor of the BTU Protocol, and serial investor Hervé Hababou, President of BTU Protocol
To participate in the presale: http://www.btu-protocol.com/en
About BTU Protocol :
BTU Protocol is the first open source decentralized reservation protocol that can be used in different sectors such as banking, travel, finance, health, trade or automobiles. The protocol works on the Ethereum network and is standardized under the name ERC-808 by the Ethereum Foundation.
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