StaynEarn Approaches REV Adoption: Integrating the Reward System into Its Platform

StaynEarn is excited to announce the successful launch of the REV Token, marking a major milestone in its mission to revolutionize the short-stay rental market. With the introduction of REV, StaynEarn is transitioning to a new token economy that will reward its users while challenging traditional pricing structures.

Detailed REV information: Whitepaper | Documentation

REV Adoption and Rewards System

StaynEarn is focusing on utilizing REV as a reward mechanism to elevate the user experience on the platform. This includes:

• Real-Time Pricing for Rewards: For the first time in the industry, StaynEarn will offer real-time market pricing of rewards. Users can use these rewards towards future stays and experiences, tracking their transactions and ensuring benefits for participation and loyalty.

Token Utility

The REV token has several key use cases within the StaynEarn platform, providing added value for both guests and hosts.

• Booking Discounts: Guests can use REV to redeem discounts on stays.
• Fee Avoidance for Hosts: Hosts can hold REV to meet the Qualified Hosting Tokens (QHT) threshold and avoid hosting fees.
• Rewards Distribution: REV will be distributed to users based on platform activity, with distribution occurring after the successful completion of bookings.
• Timeboxing Rewards: Users can lock their REV tokens in a “Time Box”. Timeboxed tokens are eligible for additional rewards, with the duration of the timeboxing period influencing the amount of rewards. This feature enhances token utility and encourages long-term holding.
• QHT (Qualified Hosting Tokens): A dynamic threshold for hosts to avoid fees. Initially set at 1,000 REV, it will be adjusted quarterly based on platform growth.

Market Mechanics

• REV is bought from the market for each booking.
• The REV price is determined by a 60-minute Time-Weighted Average Price (TWAP) to ensure fairness and transparency.
• The platform may rebalance its treasury through market interactions, creating a sustainable token economy with a tight supply and transparent distribution.

Looking Ahead

The launch of REV represents a significant step in StaynEarn’s growth. With strong commercial partnerships, legal frameworks, and a commitment to innovation, StaynEarn is positioned to challenge the traditional short-stay rental market.

As StaynEarn moves towards full integration of REV into the platform, the community can expect continuous updates.

REV Contract address — 0x93D91003aF5e6beffD574036F98d166c12AE6E32

To get started and purchase REV tokens — https://app.uniswap.org/explore/tokens/ethereum/0x93d91003af5e6beffd574036f98d166c12ae6e32

Stay tuned for the StaynEarn platform release!