BESTAY is a decentralized home-sharing platform that has been in development for 3 years. From the initial, Bestay performed as an independent Ethereum blockchain called BSY. But now, the project is migrating to a new Polkadot blockchain which is a federated blockchain alternative to Ethereum 2.0 - created by Ethereum co-founder Gavin Wood.
BSY token is a valid utility token in the Bestay platform and is consistent with the goals of the home-sharing ecosystem.
BSY is used for the purposes of:
- Payment for the user's reservation on the system Website and Apps booking of Bestay
- Reward users in activities: introducing friends, bonus program, airdrop program, trading competition...
- Payment to 3rd-parties when providing services and products in the Bestay ecosystem
- Exchange between users
- Listed officially on major exchanges and the value is expected to increase
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