WHAT PROBLEM DOES SLEECOIN SOLVE ?
A short-term rental property is the rental of a house or apartment for a short time, usually a few days or weeks maximum. This type of rental, based on the philosophy of sharing, has recently become a popular alternative to hotels, mainly through P2P platforms that connect hosts and guests.
Even though the platforms are very easy to use and user-friendly, they have a disadvantage that are commissions up to 20% of the total cost of rent. Then there is the use of traditional payment methods, for example credit cards, brings additional variable costs up to 3% that add to the cost of currency exchange. With all these facts stated above, booking via third-party platforms invariably entails additional costs, reaching up to 27%.
While they claim to promote mutually beneficial interaction between hosts and guests, existing reservation companies represent impersonal centralized platforms, devoid of personal contact, and guests.
As a result, reservation systems can be too easily compromised, leading to a breach of trust between hosts, guests, and booking companies. Unfortunately, these centralized agencies, once considered revolutionary, have become obsolete with the advent of Blockchain and crypto-currencies.