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.
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.
|Pre-Ico Start date||October 1, 2019|
|Pre-Ico End date||October 31, 2019|
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|Start||December 1, 2019|
|End||March 29, 2020|
|Soft cap||$2 500 000|
|Hard cap||$8 100 000|
|Minimum investment||100 USD|
|Tokens for sale||1792000000|
|Accepting||USD, ETH, BTC|
The property market offers enormous potential for the incorporation of blockchain technology. All technological specifications and capabilities of blockchain are tailored for the needs of the real estate industry. EzyStayz wants to occupy only a certain niche of this market, but it would be enough for this project to shine, given that the team puts more effort into platform development. All in all, EzyStays will stay on my radar while I'll keep looking for other interesting ICOs.
Manol0 December 31, 2020 Reply
EzyStaZ has a number of pros and cons. First of all, it pleases me to see that someone is responsible enough to develop at least some kind of a working platform before going out to beg the crypto community for money. Secondly, I like their team roster. But they are entering a space that is becoming super competitive, so the chances of success are getting slimmer by the day.
QwertyPuma January 22, 2020 Reply
The project boasts about having a downloadable application available at both Google Play and App Store. I checked the app at Google and found out that it was downloaded only slightly more than 50 times, which is a pathetic result for a startup that wants to attract serious funds. The idea is fine - we need a blockchain alternative to AirBnB - but EzyStayz didn't manage to execute it properly.
Mr.Right January 10, 2020 Reply