Timeshare & Reservation NFTs

Users within the TripFinder ecosystems can convert their purchased timeshare rights or reservations on the TripFinder platform into NFTs, which can then be transferred, sold, or used within the TripFinder ecosystem. However, reservations that have expired cannot be converted to NFT.

The process of converting timeshares and reservations to NFT involves creating a unique digital asset that represents the timeshare or reservation. To encourage the use of NFTs, they are subject to a timeout mechanism based on the reservation time. Any expired NFTs, which represent expired reservations, are not accepted by the system and are burned, rendering them unusable.

The process to convert a reservation or timeshare entitlement to an NFT is simple and straightforward, requiring only a gas fee. Once converted, users can take advantage of the benefits of NFTs, including access to special features and advantages within the TripFinder ecosystem. This incentivizes users to participate in the NFT conversion process.

TripFinder has set its own standards for these NFTs, including a specific timeframe in which they will remain valid and transferable before the reservation date. After this period, the NFTs will be redeemed and rendered unusable.

These NFTs can be bought and sold on the TripFinder NFT Marketplace, as well as any other NFT marketplace. Sellers should be aware that they will need to pay a fee with their $TRIP, which is set at 15% of the timeshare NFTs and 10% of the reservation NFTs rental fee.

The use of digital keys and a digital check-in system, facilitated by Reservation and Timeshare NFTs, offers a range of benefits for both hotels and travelers. This system brings greater convenience and energy savings by using NFT ownership as a trigger for a digital key system. With this approach, guests can open their hotel room doors simply by having their NFTs read.

One of the advantages of this system is that guests can obtain their NFTs prior to their arrival, allowing for a more flexible check-in process. This approach also streamlines the hotel's management of reservations before the arrival of guests.

Implementing this system via NFTs allows for energy-saving, decentralized solutions using on-chain data storage and smart contracts. It allows hotels can leverage decentralized solutions to enhance their operations and offer more seamless and personalized experiences for their guests.