Staynex IDO (🛡TOR) Details & Research Report

TrustFi
5 min readSep 18, 2024

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💫 Dear community, Staynex TOR-Protected IDO will be held on TrustFi Launchpad on 20th Septembre!

In this article, we will introduce you to our partner & upcoming project Staynex, the details of the IDO that will be held on TrustFi Launchpad.

👉 Make sure to read our Tier System Article to learn about Eligibility rules, Tier levels, Allocations and more!

👉 Make sure to read more on TrustFi Optional Refund Protocol!

👉Buy and Stake at least 10,000 $TFI in one of the Tier System Pools at TrustFi Farmer to obtain Tier Level access.
🔥Buy our NFT (The Chosen One) to Join IDOs, selected Private/Seed round Presales, and gain access to other privileges such as revenue sharing with TrustFi Network: https://launchpad.trustfi.org/#/v2/nftround1

IDO Details:
Ticker:
$STAY
Protection: TOR
Network:
BSC
IDO Date:
Septembre 20th 11 AM UTC
IDO Price:
$0.00035
Initial Market Cap:
$1,050,000
TGE/Listing Date & Time:
Top 5 Exchange on September
IDO Round Vesting: 20% at TGE | Daily releases over 12 months

Staynex Research Page

Overview

Staynex is an innovative travel and stay membership platform that leverages blockchain technology to offer a commission-free, subscription-based service akin to Netflix, combined with the functionality of Booking.com. The platform integrates Web3 features such as Travel to Earn, NFTs, and SocialFi elements, providing both hotels and travelers with unique advantages. With an extensive network of over 2.5 million hotels, resorts & service apartments onboarded and robust partnerships with major entities like Huawei, Arsenal FC, and Gala Games/Chain, Staynex is poised to revolutionize the hospitality industry. Our fully diluted valuation (FDV) is $35 million USD, and we aim to disrupt traditional OTAs by eliminating commissions, enhancing hotel profitability, and delivering genuine savings and exclusive experiences to travelers. Staynex’s vision is to democratize travel, making it more accessible, fair, and rewarding for all users.

Vision and Objectives

Staynex aims to revolutionize the travel and hospitality industry by integrating cutting-edge Web3 innovation with real-world expertise to create a seamless, membership subscription, commission-free, and user-centric travel experience. Our vision is to democratize travel, ensuring fair pricing for travelers while maximizing profitability for hotels and resorts. By leveraging blockchain technology, AI, and decentralized finance (DeFi) protocols, Staynex seeks to offer unparalleled value, exclusive experiences, and genuine savings on bookings.

Our specific objectives include:

1.Eliminating high commissions imposed by traditional OTAs, thereby enhancing profit margins for hotels.

2.Providing travelers with the best market prices, free from false discounts and limited payment options.

3.Integrating innovative products such as Travel to Earn, NFT-based incentives, and SocialFi elements to enhance user engagement and satisfaction.

4.Establishing a robust global network of hotel partnerships to offer diverse and exclusive travel experiences.

5.Ensuring uniform pricing across all launchpad rounds to maintain fairness and prevent initial sell pressure.

Purpose

The primary purpose of Staynex is to redefine the travel experience by merging the benefits of blockchain technology with the practical needs of the hospitality industry. We aim to create a decentralized, transparent, and equitable platform that prioritizes both hotel profitability and traveler satisfaction. Staynex aspires to be the go-to platform for Web3 enthusiasts, digital nomads, and frequent travelers by offering innovative and cost-effective travel solutions that address the current market inefficiencies.

Token Utility

The $STAY token is designed to deliver substantial value to its holders and drive the growth of the Staynex ecosystem. The token’s utility is carefully structured to support multiple facets of the platform and incentivize engagement. Here’s a breakdown of how the $STAY token is allocated:

Conversion for Staking and Claiming: 10%

Purpose: A portion of the $STAY tokens will be converted into BNB/ETH to facilitate staking and claiming processes. This ensures liquidity and flexibility for $STAY holders who wish to stake their tokens or claim rewards.

Impact: This allocation supports the staking infrastructure, providing $STAY holders with seamless options to earn rewards and participate in the ecosystem.

Travel and Hospitality Deals: 10%

Purpose: This portion will be used to acquire exclusive travel and hospitality deals, which will be offered as lucky draw prizes for $STAY token holders.

Impact: By offering these special deals as prizes, we enhance the value proposition for $STAY holders, making the token more attractive and engaging for the community.

Web3 Marketing and PR: 10%

Purpose: Dedicated to Web3 marketing and public relations efforts, this allocation will be used to promote the $STAY token and Staynex platform across various Web3 channels.

Impact: Effective marketing and PR campaigns will increase the visibility of the $STAY token, attract new users, and build a strong community around the Staynex ecosystem.

Ambassadors, KOLs, and Referral Marketing: 5%

Purpose: This allocation will support partnerships with ambassadors, key opinion leaders (KOLs), and referral marketing initiatives.

Impact: By incentivizing influential figures and referral networks, we aim to drive user acquisition and boost engagement within the Staynex platform.

Growth and Operations: 65%

Purpose: The largest portion of the $STAY token allocation will be reinvested into the growth and operational activities of the Staynex leading group.

Impact: This significant allocation supports the ongoing development, expansion, and operational sustainability of the Staynex platform, ensuring long-term success and continuous improvement.

Roadmap

Team and Advisors

Conclusion

In conclusion, Staynex represents a revolutionary approach to the travel and hospitality industry, leveraging blockchain technology to offer innovative solutions that address the pain points of both consumers and businesses. With a unique blend of Web3 features, Membership Subscription, NFT integration, and commission-free booking services, Staynex is poised to disrupt the market and redefine the way people experience travel.

About TrustFi

TrustFi disrupts the DeFi market by providing a multi-chain decentralized BaaS solution. Our ecosystem features three main products which include TrustFi Booster, a Decentralized Community Driven Incubator; TrustFi LaunchPad, an IDO General Protocol with an insured mechanism; and TrustFi Farmer, an Automated Farm Pools (AFP) Contract, which is an important addition to the DeFi infrastructure built on Web 3.0. Our main focus is early crypto-asset issuance, with an emphasis on liquidity management, community growth, and DAO governance. We are certain that these three factors will allow us to successfully unlock the unlimited potential DeFi has.

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TrustFi
TrustFi

Written by TrustFi

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