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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 (
    fgf_g
    ) is initially set to 10%.
  • The nominal host fee (
    fhf_h
    ) is initially set to 0%.
  • The nominal total fee (
    ff
    ) is calculated according to the following equation:
    f=fg+fhf = f_g + f_h
     .
  • The base price (
    pbp_b
    ) is set by the host, and:
    • The guest price (
      pgp_g
      ), paid by the guest, is calculated as
      pg=(1+fg)pbp_g = (1 + f_g) p_b
      ​
    • The host price (
      php_h
      ), received by the host, is calculated as
      ph=(1−fh)pbp_h = (1 - f_h) p_b
      ​
  • The effective guest fee ​(
    fg′(u)f'_g(u)
    ) for a guest
    uu
     is calculated as
    fg′(u)=fg−cg(u)ff'_g(u) = f_g - c_g(u)f
    where
    cg(u)c_g(u)
     is
    uu
    's cashback percentage.
  • The effective host fee ​(
    fh′(u)f'_h(u)
    ) for a host
    uu
     is calculated as
    fh′(u)=fh−ch(u)ff'_h(u) = f_h - c_h(u) f
     where
    ch(u)c_h(u)
    is
    uu
    's the cashback percentage.
  • The effective total fee (
    f′(ug,uh)f'(u_g, u_h)
    ) is calculated according to the following equation:
    f′(ug,uh)=fg′(ug)+fh′(uh)f'(u_g, u_h) = f'_g(u_g) + f'_h(u_h)
     .
  • When the guest pays for a booking:
    • the amounts
      (cg(ug)f)pb(c_g(u_g) f ) p_b
       and
      (ch(uh)f)pb(c_h(u_h) f)p_b
       are immediately converted to amounts
      Cg(ug)C_g(u_g)
      and
      Ch(uh)C_h(u_h)
       of TRVL and temporarily sent to a Cashback Reserve. When the booking is completed
      Cg(ug)C_g(u_g)
      and
      Ch(uh)C_h(u_h)
      are sent from this Reserve to the guest and the host, respectively.
    • the amount
      f′(ug,uh) pbf'(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.
  • Bob has chosen to pay in TRVL and he has a Level 1 Premium Member NFT.
  • 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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