Important Links
- Website: https://www.blockchainhotels24.com/
- Whitepaper: https://www.blockchainhotels24.com/whitepaper
- Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3211143.0
- Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=3211145?menu
- Telegram: https://telegram.me/blockchainhotels24
What is Blockchain Hotels?
They aim to build a network of hotels around the world, far from traditional boring ones. The hotels are modular (like Lego; which explains the logo), made from re-purposed shipping containers. Production is quick, cheap, and easy but can withstand severe weather conditions. Lastly, it is transportable pre and post production.
What makes it more unique? Here is a short list of the hotel features I’ve obtained from their website:
- Slides
- Secret Rooms
- Flow-Rider wave pool
- Vibrant garden spaces
- World’s largest Slip-n-Fly
Advantages and Benefits
From the name itself, Blockchain Hotels is bringing the blockchain technology to the Hotel Industry. But why? What are the benefits compared to regular hotels?
Blockchain promotes the following:
- Transparency
- Speed and efficiency
- Lower costs
- Eliminates third party intermediaries
These are only some of the many advantages of blockchain. Applying this technology to Hotels, we can come up with the following:
- Transparency in hotel fees and transactions
- Fast and secure booking
- Lower booking/transaction fees within the hotel
- Lowered expenses for hotel management (no third parties)
Think of the last time you’ve booked and stayed in a hotel. How easy and fast was your booking? How expensive is it? And most important of all, did you enjoy your stay?
With Blockchain Hotels, the user experience is fast and seamless, booking and fees will be cheap, and your vacation will be fun and memorable.
The Hotel Coin (HCI)
Hotel Coin (HCI) is the proprietary token of Blockchain Hotels. It will be used for all transactions from booking your room, paying your shots of tequila, and renting mini-submarines (yes, it’s true!).
Hotel Coins will be the required form of payment for all services in the hotel. You can pay using other cryptocurrencies (BTC, ETH, LTC, DOGE etc.) or Credit cards, but on the back end, the funds will used to purchase Hotel Coins automatically. Of course, this method will be more expensive because of conversion.
The Token Specifications
- Name: Hotel
- CoinsTicker: HCI
- Token type: ERC20Max Supply: 350,000,000 HCI
- ICO Price: ranges from $0.08 — $0.17 per token
Market Potential / Price Speculation
When assessing the potential price of the coin/token, I look at the max supply and the current industry market capitalization. According to https://www.transparencymarketresearch.com/pressrelease/global-hotels-market.htm, the Hotel industry last 2014 is worth US$ 534.02 bn, and will go up to US$ 702.74 bn by 2021. For 2018, let’s assume it’s US$ 600.00 bn.
Now, let’s say that Blockchain Hotels was able to capture 0.1% of the world’s Hotel industry revenue; that translates to US$ 600 million market cap, bringing the price to $1.71/HCI (10x to 20x increase from ICO price)! That does not take into account the increase in price brought by BTC/ETH.
Most important of all, the reason why I personally love Blockchain Hotels is that the demand is based on real-estate unlike other coins/tokens. The supply is fixed, but as more hotels are produced, the demand increases. So you see, the potential is huge!
Image obtained from Whitepaper v3.1 Page 21
There’s still a lot of things to discuss but I think this is enough for now. Look out for more articles from me in the coming days/weeks! If you want to reach out for any reason, contact me on telegram t.me/x_Potato. Thank you for reading! :)
Disclaimer: This article expresses my own opinion regarding Blockchain Hotels, and the information are all based on my understanding of the whitepaper and website. I do my best to be accurate as much as possible, but please do your own research as well. I’m not a financial planner/advisor nor a certified financial analyst. The memes are all created by me. Lastly, I’m not a real potato!
