Emphy brings the blockchain advantage to travel accommodation booking. It enables users to list property for rent, and to book the property using the Emphy platform. Property managers and owners do not have to spend a lot of money for advertising their property. They can list their property at a low fee, which is a percentage of the rent. Travelers can choose low cost, ideally located properties, with the right amenities. The platform is based on a smart contract system, so as soon as the transaction completes, the property owner is paid. There is high reliability and stability, thanks to the decentralization.
Emphy allows users to advertise and book property for rent using a decentralized platform. This means there is no third party interference and users can conduct the transaction freely. It allows leads to reduced transaction costs and lower times to complete transactions. Property owners who build a good reputation can earn more as rent. Travelers can look for low cost, high quality accommodation. There are other features in place, designed to enhance security and reliability.
The ICO offered more than 15 million Emphy tokens, also called EPY. Some tokens have been set aside for the promoter, rewards, and for marketing. The token numbers are sufficient for investors, but not enough to flood the market. This will help ensure stable currency value, which is something investors cherish. The platform will start functioning in mid 2018. Users can earn Emphy tokens as rewards for activities such as mining. Also, the platform will enable using the tokens for booking property, for paying listing fee and so on. Property owners are motivated to offer best services through the building of reputation. Also, to enable speedy transaction, advanced facial recognition for ID is on offer.
The property owner can command good rental income in different ways. They can provide detailed information in the listing along with virtual tour. Once they have serviced tourists and built a good reputation, they can boost their rent. Travelers can locate the best accommodation within their budget, in any location of their choice. The smart contract enables complete transparency. The listing, payment, and trading can be done through mobile app. Since there is no broker fee, the listing charges and transaction fees is very low. This makes the Emphy perfect for finding best accommodation or for getting the best rental income from a property. There are further features in the roadmap, which will make it easy to find and book holiday accommodation easily.
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