BSClaunch Research: An In-depth overview of Shelterz
KEY METRICS
Category: Booking service, Defi, Travel To Earn, Web3, SocialFi, P2P, T2E
Ticker: $TERZ
Blockchain Network: Binance Smart Chain
Token Supply: 1 000 000 000 Tokens
Project Valuation: 17,000,000 USD
Initial Token Circulation: 3 507 000 at the moment
Initial Market Cap: 60,000 USD
Total Raise: 1,585,000 USD
Platform Raise: 70,000 USD of Public Sale Round on BSClaunch’s platform
A. INTRODUCTION
1. PROJECT OVERVIEW
At the beginning of 2022, when there was a shortage of OTAs (booking services) in Russia, we decided to strengthen our website and tried to figure out how to increase the LTV (return rate) of customers so that they would always book hotels only with us.
We came up with a loyalty system that gives not just a trivial 10–15–20% cashback, but one that will produce a miracle effect and return all the money spent to customers. We decided to share the profits with our users and came up with a multi-level system of algorithms, thinking of behavioral factors, elements of the pension system, engagement and activity factors, which distributes points in such a way as to provide 100% cashback to each member in stages. We saw good business results, LTV increased 5 times, and our hotels were fully loaded through our website. So, we decided to turn it into a booking service and connect other hotels there. A new subsidiary company is opening for the operational management of the project in Russia.
2. GO-TO-MARKET STRATEGY
We already have 350,000 users who know our hotel chain and have stayed with us. We have partnered with an international hotel hub and connected 1.8 million hotels worldwide. We will use marketing in social networks and buy paid search traffic We will spend up to 20% of the project’s revenue on marketing.
B. PRODUCT DETAILS
1. PRODUCT VIABILITY
Unlike our competitors (Booking.com, Airbnb, Travala), we have a 100% cashback option. This is a phased return of the funds spent on accommodation in the form of our tokens. Users will be able to use tokens for repeat bookings.
The demo is here https://demo.shelterz.ru/ — soon, it will be multi-language and bookable.
2. TECHNOLOGY
Product — The service is built by analogy with leading competitors and a connection with a token has been added to it. The system constantly balances between fiat obligations and positions in tokens. As the project revenue grows, the volumes of pools (fiat and token) increase, which will cause the price of the token to rise
Main Blockchain Network — BSC Chain — The bridge system will be ready to solve “fee” problems that may occur due to the Binance Smart Chain network in the future. In this way, problems such as network problems or fees will not severely affect the game’s development and the users’ comfort.
3. PRODUCT DIVE
Any person from anywhere in the world can book a hotel/apartment anywhere in the world through our service. Pay for the booking with fiat and Terz tokens, which the user receives as cashback. The user receives cashback until his spent money is returned. After completing the cashback procedure, the user has the equivalent of tokens on his balance. If the user does not spend tokens on new bookings, but keeps them, and then the user can receive a re-evaluation from the price increase, receive income and improve his booking opportunities.
4. PROJECT ROADMAP
5. REVENUE STREAMS
- Main stream is fees received from hotels for bookings
- Token conversation fees inside the ecosystem
- Revenue forecast 2023 — $30 mln, 2024 — $150 mln., 2025 — $1 billion
C. TOKEN ECONOMY
1. TOKEN UTILITIES
The token has two primary uses.
1 — receipt in the form of cashback by users of the service and use it to pay for bookings.
2 — investment in a token to receive income from price growth.
When users receive cashback as a token, they cannot sell them to the market and lower the price. The service itself buys tokens for cashback for users for the project’s revenue and to keep them in its pool. When a user decides to spend tokens on a booking, the pool burns those tokens (does not sell). Thus, the circulation of tokens will decrease all the time, and the price will rise.
Those who invest in a token outside the ecosystem can sell and buy tokens at any time and take part in the growth in the price of the token, which is formed due to the purchase of tokens by the project for cashback.
2. FUNDRAISING STATUS
Seed Sale
Fundraised: 100,000 USD
Price: 0.005 USD
Lock-up: 10% at TGE, lock 2m, vesting 12m
Private Sale
Fundraised: 975,000 USD
Price: $0.0075–0.010
Lock-up: TGE 10%, lock 2m, vesting 12m
Public Sale
Fundraised: 510,000 USD
Price: $0.017
Lock-up: TGE 33%, vesting 3m
3. USE OF FUNDS
50% of raised funds will be used for project marketing, and 50% for support token liquidity and price.
4. TOKEN DISTRIBUTION
5. TOKEN RELEASE SCHEDULE
D. BACKGROUND
1. TEAM
General Information
Detail Information
- Team experiences
- Traditional business — hotel chain Shelterz 2018- till now
- Linkedin accounts: CEO
https://www.linkedin.com/in/vadim-suvorikov-shelterz
2. INVESTORS
Private long-term investors from the hotel industry. The same investors bought our commercial bonds.
3. PARTNERSHIP
Project Partners — defimoon development partner
Marketing Services Partners — cls.global, icoda.io
Key Opinion Leaders — will start after ido
ABOUT SHELTERZ
Shelterz — An accommodation booking service with full refunds (T2E). Shelterz combines real business and cryptocurrency finance in the lodging and travel industry. Users who use the service in stages receive a full refund of the money they spent on TERZ tokens and can use them for future reservations.
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