TravelFi: Redefining DeFi for Travel

From DeFi to TravelFi

Decentralized finance (DeFi) has transformed financial services by removing intermediaries and enabling trustless transactions. BudgetStay extends this concept to create TravelFi, a travel-specific financial ecosystem that combines DeFi principles with hospitality use cases. TravelFi empowers users to:

• Earn rewards through booking and staking.

• Access tokenized hospitality assets as investment opportunities.

• Participate in a decentralized marketplace for travel services.

Unlike traditional DeFi, which focuses on lending, staking, or yield farming, TravelFi prioritizes real-world utility, making it accessible to travelers and property owners who may not be crypto-native.

Reward Mechanism for Users and Property Owners

BudgetStay’s reward system is a cornerstone of its TravelFi model:

• Travelers: For every booking, travelers receive BStay coins equivalent to 5-10% of the booking value, redeemable for future bookings or tradable on exchanges.

• Property Owners: Hosts earn BStay coins (3-7% of booking value) for each completed stay, incentivizing competitive pricing and quality service.

• Community Incentives: Active users (e.g., frequent bookers or reviewers) earn additional tokens, fostering engagement.

Smart contracts automate reward distribution, ensuring transparency and fairness. This contrasts with traditional loyalty programs, which are often restrictive and centralized.