Bestay – ICO Detailed Information

For a lot of people, traveling is an essential part of life. Whether people are traveling on business, vacation, or they choose to live like digital nomads - they tend to move around the world, explore new places, take advantage of different opportunities, and more.

However, one thing that each traveler is also in dire need of is a place to stay at the end of the day. Renting rooms in hotels can be expensive, and a lot of locals tend to have more than enough of free space that they could rent and earn some money for themselves.

This is called sharing economy, and it goes way beyond just homes, at least in concept. However, house and room renting for travelers managed to develop into a major economy. According to some estimates, this economy is around $150 billion-large, which makes it more than worthy of exploring and coming up with new solutions to some of the persistent problems.

Blockchain technology already managed to find its way into this economy, with a promise to address some of its issues. This is, actually, what the project called Bestay is already working on.

About Bestay

Bestay is a blockchain-based project that realizes that renting a house or a room when traveling is always an essential need, whether for groups or individuals. With traveling to pretty much every place in the world gaining more popularity with each year, demand for platforms that would allow people to share houses is surging rather rapidly, as well.

This is what inspired Bestay to develop advanced technologies and offer its users not only adventures, but homes to come to at the end of the day. Bestay's home-sharing platform comes with advantages over traditional platforms of similar type. As a blockchain-based platform, it is fully decentralized, and the first of its kind, as well. It can become a real game-changer and finally break the monopoly that Airbnb has in the sector.

As you might have expected, the project will use a smart contract to manage and secure agreements between members. Bestay's platform will connect property, booking, reviews,, arbitration, services, and members, thus allowing numerous options and features at the same place, and completely decentralized. All that Bestay needs to begin operating properly is its own native cryptocurrency, and the project is just about ready to start selling it.

Bestay ICO details

Bestay ICO is not happening in some time yet. In fact, it is scheduled to start on March 3rd, 2020, and last until June 11th, 2020. Even its preICO period is still a month away, expected to start on September 12th, 2019, and last until October 9th. However, the project is about to start its private sale tomorrow, August 17th, and end it on September 10th so that the next year will be filled with events for this project.

Bestay will sell its token. BSY, which is a utility token developed on Ethereum's platform. As such, it will accept Ethereum, although the price of each token will change a bit over time. Each ETH coin will be enough to buy 10,250 BSY during the private sale. However, when the ICO arrives, 1 ETH will only be enough for 10,000.  Minimum contribution during the private sale will be $25,000, although that number will drop to $20 during the ICO itself.

The project has set up a soft cap of $612,000, and a hard cap of $1,836,000. It was registered in Singapore, and it will have a few restricted areas, including North Korea, Lao People's Democratic Republic, and the US. Others can participate, although a KYC procedure will be necessary.

Author: Ali Raza for Crypto-Rating.com