AirTnT Pushes The Limits Of Cryptocurrency And DeFi Space In Travel
AirTnT changes the future of travel by creating a new revolution in travel data sharing and connecting individual providers and service organizations providing travel products to the community with its DeFi ecosystem.
One might be wondering, what is DeFi and all it entails? Well, let’s have a brief discussion on that.
What is DeFi?
DeFi is an umbrella term for projects and applications in the public blockchain space aimed at overturning the established financial sector. DeFi refers to financial apps created using smart contracts and blockchain technology. Smart contracts are automated, enforceable contracts that can be executed without the assistance of a third party. They are accessible to anyone with an internet connection and can be used for various tasks, including financial transactions.
DeFi comprises peer-to-peer protocols and applications built on decentralized blockchain networks with no access rights. Financial instruments can be easily lent, borrowed, or traded using decentralized apps (dApps).
Decentralized finance eliminates intermediaries by enabling individuals, merchants, and businesses to conduct financial transactions using emerging technology. DeFi employs security protocols, connectivity, software, and hardware advancements via peer-to-peer financial networks.
Individuals can lend, trade, and borrow using software that records and verifies financial transactions in distributed financial databases wherever there is an internet connection. A distributed database is accessible from multiple locations because it collects and aggregates data from all users and verifies it using a consensus mechanism.
Decentralized finance eliminates the need for a centralized finance model by allowing anyone to use financial services anywhere, regardless of who or where they are. DeFi applications give users more control over their money through personal wallets and trading services tailored to individuals.
How Does DeFi Work?
Decentralized finance employs the same blockchain technology as cryptocurrencies. A blockchain is a distributed and secure ledger or database. dApps are applications that handle transactions and run the blockchain.
Transactions are recorded in blocks on the blockchain and then verified by other users. If these verifiers agree on a transaction, the block is closed and encrypted, and a new block with information about the previous block is created.
The blocks are “chained” together by the information in each subsequent block, hence the name blockchain. Because data in previous blocks cannot be changed without affecting subsequent blocks, there is no way to change a blockchain. This concept and other security protocols contribute to the blockchain’s secure nature.
How AirTnT Pushes the Limits of Cryptocurrency and DeFi Space in Travel
The advantage of the DeFi ecosystem created by AirTnT itself allows anyone to earn passive income by investing in NFT-e and staking it to receive the project’s TnT token as a reward.
Therefore, members participating in the Vesting zone can re-supply TnT tokens to Agencies for liquidity and become token distributors. Because outside the Vesting zone, the project will not sell TnT tokens to the market and Users are forced to use TnT tokens to use services in the AirTnT ecosystem.
Why leave your assets idle when you can let them pay off?
Unlike other DeFi projects that are unstable and lacking in security, at AirTnT, users can secure payback from NFT-E and earn monthly profits in TnT tokens safely through transactions. Also, there’s security and distributed testing on the WEB3 platform at the vesting zone.
What is the NFT-E?
NFT-E is short for NFT Economic. Here are the properties of NFT-E on AirTnT:
- NFT-E is an NFT product issued as a depository of investment capital. NFT-E will be formatted as a special asset NFT. The investment partners own and have full rights to use or trade such assets.
- A deposit of investment capital is a form of commitment to return the original reference value when participating in the purchase of NFT-E after a certain period. When owning NFT-E, partners will receive 10–30%/APY interest when the project is officially released.
- NFT-E will be paid interest in tokens at the Vesting Zone. NFT holders can become a distributor of TnT tokens for Travelers that they can use when purchasing travel plans.
- NFT-E can be arbitrarily traded on any blockchain marketplace. However, if NFT-E is enabled to sell, the contract of deposit commitment will terminate, and the NFT-E buyer will not receive any interest based on the subsequent APY.
- After the expiration of the NFT-E investment, the entire initial investment amount will be returned to the wallet address that owns this NFT-E in the form of tokens. The reference value is equivalent to the original value of NFT-E. The refund will be automatically through SmartContract.
For example: NFT-E (0xM1ADvb23DxcA….) has a value of $50,000, at the time of settlement will refund all $50,000 in the form of T2E Token to the owner of that NFT-E.
About AirTnT
AirTnT is a mobile application for travel social networks built on WEB3 with an emphasis on platforms that connect people who need to travel with people who want to share, providing products and services; tourism products (individuals, organizations). AirTnT changes the future of travel by creating a new revolution in travel data sharing and connecting individual providers and service organizations providing travel products to the community.
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