Booking.com and Expedia, among a few other major players, dominate the online booking market. Approximately 80% of the market is controlled by these companies, and because of this, they have gotten away with quite a lot including allegations of marking up hotel room prices by 20% or more and they charge 15-20 percent in commissions as well.
Hotel owners have little say on this matter. The agencies retain all the advertising rights for listing rooms. They also have a right to say whatever price they like, which is often higher than what customers would pay if they contacted hotels directly.
Coze is a new project that you should keep a keen eye on. It wants to put the power back into the hands of hotel owners. With the use of the blockchain, Coze will get rid of the middleman and connect holidaymakers and hotels directly. With this model, Coze can operate on a zero commission basis and lower prices for hotel rooms by 20% or more.
To make its model work, Coze has come up with the Coze Coin, which will be the utility token for the platform. Users will be able to book hotel rooms using fiat or crypto. The cash or coins will be converted to Coze. Thus, customers with little or no knowledge of how the blockchain works will still be able to utilize Coze. Besides that, users of Coze will get rewards when they use it. They will also have the chance to trade Coze for cash or redeem the coins for rewards.
COZE Coins ICO Details
The Coze project is encouraging people to sign up for the whitelist since they will only accept 500 people for the pre-sale. At the pre-sale, there will be some major coin bonuses. The reason they need this funding is that taking on the leaders of this industry will require money. This ICO is definitely worth keeping out an eye for.
Read more here.
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