ModiHost, a hotel management system that uses artificial intelligence to deliver personalised experiences to hotel guests, is proud to announce that its token is live for trading on the HitBTC exchange starting from Thursday 9th.
HitBTC was founded in the early stages of blockchain growth, making it one of the most deep-rooted and reliable exchanges in the industry. HitBTC exchange is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others. “HitBTC is an authority in the blockchain world and we are proud to become part of this trustworthy family. Today’s announcement will help to greatly increase the trading volume of ModiHost’s Token as we are partnering up with the leading European bitcoin exchange, HitBTC. Despite this year being particularly difficult for the tourism industry, ModiHost is continuing to expand and reach key milestones” says Stephan Radwitz, ModiHost CEO.
Just two weeks ago, ModiHost announced the availability of its minimum viable product as it successfully onboarded more than 60 hotels across five countries: France, Italy, Spain, the UAE, and India.
With ModiHost, instead of forcing hotels to purchase and hold tokens, hotels can instead borrow tokens from private lending pools to cover operating fees. Pool operators must set the fee they charge hotels low enough so that their tokens are lent frequently, but also high enough to ensure fees give the token holders a competitive reward, while also leaving enough profit for themselves. The innovative pool system may also work as an extra income source for these holders.
The pool mechanism has several advantages: it incentivises token holders to become active participants in the ModiHost ecosystem, it allows token holders to benefit fully from the value of their tokens, and incentivises all parties involved to promote ModiHost, since participation further aligns the interests of holders with adoption of the platform.
After going live on HitBTC, ModiHost expects to boost the attraction of the platform for those looking to trade tokens. This achievement will also allow ModiHost community members to regularly gather information regarding the crypto asset and its competitors from a separate, reliable source.