AIRSTAYZ, a platform which handles global travelTECH solutions, making it possible for users to make purchases from the travel and hospitality industry using tokens, have held a recent token sale, raising $1.5 million in private sales.
CEO of AIRSTAYZ, Marc Italia, said, “We’re pleased, but not surprised, that the private sale started on such a strong note. The current hospitality industry has several pain points that blockchain can solve. Our platform is ready for deployment in just another 60 days, and the global interest we’ve received in STAY tokens reflects how badly international travelers want a cryptocurrency solution to common travel problems.”
The only way for investors to take part in the private sale is with an invitation, even though they have a goal of reaching $3 million during it. To provide incentive to contributors, there is a 40% bonus for individuals that participate in this sale. There will be three other sales, which will have a declining bonus of 30%, 20%, and 10% during those stages. A total of 20 million tokens will be released with a final private sale, which is expected to also be by invitation only. Over the five sales, the company plans to make 93 million tokens available.
This private sale has seemed to be most beneficial and popular to investors in the United Kingdom, Australia, and Latin America. The United States will not be able to benefit from the sale for over a month, though the deciding factor appears to be due to the SEC’s change of regulations.
AIRSTAYZ works with the blockchain to make the travel experience more cohesive. Every traveler on the platform earns STAY tokens with every completed hotel reservation. The tokens appear to act like frequent flyer miles, in that they can be applied to additional stays, room service, upgrades, and other benefits.
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