STEALTH

payments In both fiat and cryptocurrencies, and through the use of a decentralised and democratic support system will eliminate registration and commission fees and greatly reduce transaction fees. Typical third-party booking services such as Kayak and Expedia take advantage of their online monopoly and centralised systems to charge exorbitant fees to users and businesses. Hoteliers state that their rates make up as much as 25% of the booking revenue per guest. Empire Hotels has found a uniqu... e approach to creating trust in their decentralised booking system through transparent execution, and by fuelling the platform with its own crypto asset. The Token The token, Empire Cash (EMPC), is an Ethereum based ERC-20 token which is scheduled for release in the fourth quarter of 2018. The total supply will be 367,200,000 EMPCs, of which 34% will be reserved for the ICO phase. How is Empire Hotels planning on competing against existing third-party booking platforms? Empire Hotels has a very simple answer for this – through the benefits and transparency of the blockchain. With a decentralised blockchain economy there will be direct communication and improved relationships between businesses and their guests, providing a high level of mutual trust and maximum efficiency. The hotel industry around the world is valued at $500 billion per year, and astonishingly it is estimated that up to $125 billion is made up of unnecessary costs which are annually shared by hoteliers and guests. On Empire Hotels' decentralised platform, payments are settled on the ledger and won’t be subject to processing overheads. Plus, the platform charges lower, more reasonable fees for its service, and implements blockchain to ensure all transactions are governed by smart-contracts. The Takeaway Empire Hotels' vision for the future is a supportive ecosystem, where all users and businesses have the opportunity to truly benefit from the transparency and eradication of the high commission structures of typical online booking platforms. In addition, Empire Hotels aims to simplify actual transactions and greatly reduce security risks as all data will be decentralised and traceable, making the customer feel fully protected.More