EzyStayz is an Australian blockchain project that has created a community marketplace where users can book and recommend rental properties located all over the world. The startup claims to be operating under the auspices of the registered rental company, though refrains from providing any concrete details. The token sale takes place in the form of the IEO, carried out on an unspecified launchpad.
Platform specifications
Contrary to the majority of blockchain projects, EzyStayz approached the IEO fully prepared, having already rolled out a minimum viable product, the EzyStayz booking platform where one can get acquainted with the interface as well as some of the features, like booking or adding the property to the list of available rentals. Although the platform still looks somewhat underdeveloped, it appears to be functional with a decent list of apartments and terrace houses, located in such popular destinations as London, Sydney, Ibiza, and Bali.
By building the platform on the foundation of the Ethereum blockchain, EzyStayz attempts to relieve the property rental market of the excessive centralization and unreasonably high fees. In addition, the project wants to narrow the gap between the traditional and crypto markets, tapping into the latter's pool of gridlocked assets.
To power this platform, EzyStayz introduces the ERC-20 compliant EZT token that must provide for the seamlessness and cost-efficiency of all transactions that take place in the ecosystem.
The sale of EZT tokens is going to take place in three stages, each stage having the predesignated token bonus and funding goal. The first stage is currently underway, with the end date established on January 5, 2020. The token price for this stage, as well as for the other two stages, is established at $0.01; all investors are eligible for the 50% token bonus. The second and third stages provide for the 20% and 10% token bonus, respectively.
The project allocated 240 million ETZ for the initial stage of the IEO, with another 480 million offered during the next leg of the token sale and 280 million at the concluding one. Correspondingly, EzyStayz has imposed different funding caps, in the amount of $1.6 million, $4 million, and $2.5 million for each respective stage. The overall hardcap of this IEO is $8.1 million. The project accepts payments in BTC, ETH, and USD.
The last wave of IEO will be held in the period from February 17 until March 29, after which all unsold tokens will be burned. All investors are subject to KYC & AML check-up. The list of restricted areas includes the United States, Syria, North Korea, and Sudan.
| Start | December 1, 2019 |
|---|---|
| End | March 29, 2020 |
| 167 days left |
The property market is booming right now, which means that projects like EzyStayz might have a chance for commercial success. By now, users probably have found many issues, inherent to AirBnB, and similar online platforms for property renting. Which means that now they will be looking for some fresh solution. Is there anything "fresher" than the blockchain technology? I doubt that, so EzyStayz might pose a threat as a competitor to the established players.
It is good to see EzyStayz launching a platform before the token sale, though there are no decent booking options there at a given time, not even photos of rented out properties. I also wonder why there are no cryptocurrencies among the available payment options on that platform. Will they be added after the conclusion of the IEO? I couldn’t find any specific information about this, so I would need to send the inquiry to the team.
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