Launched by a team boasting over two decades of property management expertise in the UK, NFsTay emerges as a pioneering platform merging short-term accommodation rentals with blockchain technology. This innovative approach is facilitated through NFT memberships and STAY tokens, ushering in a new era of managing short-term rental properties.
At the heart of NFsTay lies its NFT, symbolizing a membership and unlocking exclusive privileges for its holders. Purchasing an NFT grants entry into a premium travellers club, enabling participation in the platform's token economy. This membership not only fosters a sense of community but also delivers tangible rewards usable within NFsTay's ecosystem.
Traditionally, short-let properties listed on platforms like Airbnb and Booking.com experience an average occupancy rate of 70%, leaving 30% of nights unused. NFsTay tackles this inefficiency by tokenizing these idle nights into STAY tokens. Similar to accruing miles on a credit card, STAY tokens can be earned by staking your NFT membership.
The STAY token functions as the digital currency within NFsTay, providing a convenient and secure payment method for booking accommodations. Should you choose not to use your tokens for travel, they can be sold on the Decentralized Exchange: PancakeSwap, converting them into cash.
Additional Use Cases of the STAY Token:
Yield Farming: Investors can earn rewards by providing liquidity to the STAY/USDC Liquidity Pool (LP), offering a passive income avenue.
NFT Rewards Boost: Locked tokens contribute to ecosystem growth, rewarding participants with additional tokens.
Medium of Exchange on NFT Marketplace: STAY facilitates buying and selling of ROCKS, unique NFTs, within the marketplace.
Property Management as a Service: NFsTay provides property management services to third-party property managers, with subscription fees paid in STAY.