Crypto Heidi: Raustin Memon @Bee Token | Decentralized Home Sharing: Get People Comfortable to Use Tokens
My name is Raustin Memon, the Head of Marketing at the Bee Token what we're doing is decentralized home sharing. So similar to Airbnb, but we offer a peer to peer booking system. So there are no fees compared to Airbnb or other vacation rental sites that charge anywhere from 10 to 20%.
What's the difference other than people can book rooms with a token?
So there's, there are a few good benefits there. So one is that anytime you want to make a platform decentralized, like a marketplace, there are these things that you need. So if you have an issue on Airbnb, you contact the Airbnb, and they'll do the best that they can solve that dispute, we have to build it in into our actual protocol. So it's an arbitration protocol that effectively works as customer service when there isn't someone to call. So it's a unique and novel way of solving problems that not only applied to just our be nest, which is the home sharing platform but any other marketplace or protocol that wanted to build a decentralized app, if someone wanted a decentralized Uber or decentralized Craigslist, they could use our protocols. The token can be used in our system. The token also contains the value of the company.
So maybe I'll give an example of Airbnb was. So I was in Colombia in December, and I had an issue where I made a book in one day before, and I made the booking, and it was it went through, and the woman that owned the apartment messaged me and said, Oh, I accidentally booked it to a friend. It's not available right now. But I can't cancel it. This is what the host says. So I had to cancel it. And I got charged the fee. And then I had to email at Airbnb. And it was this whole convoluted process. But you know, that's just the way it works. In our situation, what would happen was, you would file a dispute to say, like, in my situation, where it didn't work out, I would file the dispute. And what we would have is, people within the community that are token holders would effectively get messaged saying, Do you want to participate as the jury on the system. And they're incentivized with the little tokens, a few tokens as well. So that way, they take part in it. But the great thing about this whole system is that they're completely independent. And like, they're not biased, where if it was Airbnb, or Uber, or Facebook, they have like one party that they want to make sure that they keep happy. So in this case, it's completely independent people that want resolution for the situation.
How long do you think people will get comfortable to use tokens?
2-3 years.
What's the stage of the company?
30,000 users
Capital raised?
$15M
Team:
18 people in SF
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