- Everlodge introduces a blockchain-based approach to luxury holiday rentals, allowing fractional ownership of NFT-transformed properties.
- Airbnb faces challenges due to high property costs and fees, leading to lower valuations and limited access for potential property owners.
- Everlodge’s token ELDG offers trading, staking for passive income, property discounts, and VIP access, presenting an alternative to traditional property investment.
Airbnb was once a popular choice for budget-conscious or adventurous travelers and landlords looking to earn extra cash from their properties. High property costs and high Airbnb fees have resulted in lower Airbnb valuations, indicating the need for a new and more cost-effective strategy. This is especially true for those who, due to the state of the housing market, cannot afford to own a home. Let’s take a look at what Everlodge has to offer.
A Better Option Than Short-Term Rentals
Short-term rentals, such as those found on Airbnb and Vrbo, have seen both a boom and a bust. While some hosts have thrived, others have struggled with empty booking calendars and declining earnings. The Airbnb market has grown significantly, resulting in oversupply in some areas, competition for guests, and lower profits for hosts.
The industry is at a crossroads, with some cities allowing unrestricted growth, resulting in oversaturation, and others imposing restrictions to protect neighborhoods and preserve profits for existing hosts.
Local governments must now choose between managing the boom-and-bust cycle and enacting rules to strike a balance. Short-term rentals are here to stay despite the challenges, and the industry is evolving.
Everlodge.io Touted as the Cryptocurrency Version of Airbnb
Everlodge wants to utilize blockchain to streamline luxury vacation rentals and democratize access to would-be landlords.
Everlodge will collaborate with luxury hotel chains and other real estate conglomerates. Hotels and high-end villas from various locations are digitally transformed into Non-Fungible Tokens (NFT). The smart contract’s metadata securely stores all relevant property information, deeds, and ownership details.
After that, the NFT is divided into smaller units, allowing users to purchase smaller shares of the property.
As the value of the property rises, so will the price of NFTs, implying that those who own NFTs will see their wealth rise.
Consider this: A $2.5 million beachfront villa in Bali is converted into an NFT and fractionalized into 25,000 fragments worth $100 each. If the villa’s value rises by 15%, the NFT prices will rise proportionally.
This means that average investors without hundreds of thousands of dollars can now include real estate in their portfolio and even earn rental income.
Not only that, but users will be able to co-own and trade various types of homes and properties from around the world on the Everlodge market.
Everlodge will have a unique feature in that it will provide a launchpad to assist and support would-be property developers in raising capital. Successful projects will be integrated into Everlodge, providing exclusive access to brand-new lodging options.
Given that the global real estate market is worth more than $280 trillion and the global hospitality industry is worth more than $4.5 trillion, there is a lot of room for growth, which is why big players like Blackrock and Franklin Templeton are getting into the tokenization of real-world assets like property.
Another benefit Everlodge provides that Airbnb does not provide is the associated benefits with their token ELDG. People will use ELDG to trade in the marketplace, and they can also stake ELDG for 10% passive income and other benefits like discounts on property maintenance and access to VIP investor groups.
ELDG is currently available for $0.01 per share, and 40 million shares will be available at that price. This is bullish, given that the presale will offer 480 million tokens. This means now is an excellent time to invest before the price rises. The token will be launched for $0.035, with a 3000% increase expected after it goes live on Uniswap and certain CEXes.
Visit the Everlodge website to find out more about the presale.