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Welcome to Dtravel
Whitepaper
Summary of Key Facts
Context
The Dtravel Solution
Fees
TRVL Token and NFTs
Dtravel DAO
Dtravel Foundation
Technology
Roadmap
Team
Appendix
Disclaimer
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Fees
Dtravel is committed to fee transparency, precision and simplicity, as detailed below:
The
nominal guest fee
(
f
g
f_g
f
g
) is initially set to 10%.
The
nominal host fee
(
f
h
f_h
f
h
) is initially set to 0%.
The
nominal total fee
(
f
f
f
) is calculated according to the following equation:
f
=
f
g
+
f
h
f = f_g + f_h
f
=
f
g
+
f
h
.
The
base price (
p
b
p_b
p
b
) is
se
t by the host, and:
The
guest price
(
p
g
p_g
p
g
), paid by the guest, is calculated as
p
g
=
(
1
+
f
g
)
p
b
p_g = (1 + f_g) p_b
p
g
=
(
1
+
f
g
)
p
b
The
host price
(
p
h
p_h
p
h
), received by the host, is calculated as
p
h
=
(
1
−
f
h
)
p
b
p_h = (1 - f_h) p_b
p
h
=
(
1
−
f
h
)
p
b
The
effective guest fee
(
f
g
′
(
u
)
f'_g(u)
f
g
′
(
u
)
) for a guest
u
u
u
is calculated as
f
g
′
(
u
)
=
f
g
−
c
g
(
u
)
f
f'_g(u) = f_g - c_g(u)f
f
g
′
(
u
)
=
f
g
−
c
g
(
u
)
f
where
c
g
(
u
)
c_g(u)
c
g
(
u
)
is
u
u
u
's
cashback percentage
.
The
effective host fee
(
f
h
′
(
u
)
f'_h(u)
f
h
′
(
u
)
) for a host
u
u
u
is calculated as
f
h
′
(
u
)
=
f
h
−
c
h
(
u
)
f
f'_h(u) = f_h - c_h(u) f
f
h
′
(
u
)
=
f
h
−
c
h
(
u
)
f
where
c
h
(
u
)
c_h(u)
c
h
(
u
)
is
u
u
u
's the
cashback percentage
.
The
effective total fee
(
f
′
(
u
g
,
u
h
)
f'(u_g, u_h)
f
′
(
u
g
,
u
h
)
) is calculated according to the following equation:
f
′
(
u
g
,
u
h
)
=
f
g
′
(
u
g
)
+
f
h
′
(
u
h
)
f'(u_g, u_h) = f'_g(u_g) + f'_h(u_h)
f
′
(
u
g
,
u
h
)
=
f
g
′
(
u
g
)
+
f
h
′
(
u
h
)
.
When the guest pays for a booking:
the amounts
(
c
g
(
u
g
)
f
)
p
b
(c_g(u_g) f ) p_b
(
c
g
(
u
g
)
f
)
p
b
and
(
c
h
(
u
h
)
f
)
p
b
(c_h(u_h) f)p_b
(
c
h
(
u
h
)
f
)
p
b
are immediately converted to amounts
C
g
(
u
g
)
C_g(u_g)
C
g
(
u
g
)
and
C
h
(
u
h
)
C_h(u_h)
C
h
(
u
h
)
of TRVL and temporarily sent to a
Cashback Reserve
. When the booking is completed
C
g
(
u
g
)
C_g(u_g)
C
g
(
u
g
)
and
C
h
(
u
h
)
C_h(u_h)
C
h
(
u
h
)
are sent from this
Reserve
to the guest and the host, respectively.
the amount
f
′
(
u
g
,
u
h
)
p
b
f'(u_g, u_h) \ p_b
f
′
(
u
g
,
u
h
)
p
b
is sent to the
Community Treasury
. From there, it may be sent further to other locations (e.g.
Protection Pool
) or used according to the rules established by the
Dtravel DAO
.
Note that, with an initial nominal total fee of 10% and cashbacks and giveaways of up to 50% of the fee, the effective total fee can be as low as 5%.
Examples
Example 1:
Alice is a host and sets the base price for a night in her property to US$100.
Bob is a guest and books Alice's property for a guest price of US$110.
Alice has chosen to receive payments in TRVL and she has a Level 2 Premium Member NFT.
The Level 2 gives her a 2.0
boost factor
for her cashback.
Bob has chosen to pay in TRVL and he has a Level 1 Premium Member NFT.
The Level 1 gives him a 1.5
boost factor
for his cashback.
Furthermore, the price of 1 TRVL is currently US $1.
When Bob makes the payment of 110 TRVL for the booking:
A guest cashback of 1.5 TRVL is sent to the Cashback Reserve.
A host cashback of 2 TRVL is sent to the Cashback Reserve.
The amount of 6.5 TRVL is sent to the Community Treasury.
When the stay is completed:
Bob receives 1.5 TRVL from the Cashback Reserve.
Alice receives 2 TRVL from the Cashback Reserve.
Thus, the effective total fee was 6.5%.
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8mo ago
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