The Swix Platform
A Blockchain-enabled Rental Platform
Through an innovative proprietary platform called Swix, users can enhance their trips in unique ways and unlock exclusive discounts and monetary rewards for each stay and experience.
Users will be able to book high quality, standard-respecting properties all over the world, as well as local, attentively curated experiences which will make them feel like they are in their own home, in their own town, while actually discovering the world. Read more about our locations here.
Discounts and rewards will depend on the user's selected payment method, and can be divided in 3 categories:
Traditional payment methods: standard debit/credit cards and Paypal payments.
Cryptocurrency payments: limited to SWIX, main cryptocurrencies and stablecoins like BTC, ETH, USDC, USDT, DAI. They are subject to change through governance proposals.
Phase 1
SWIX v1
The first version of the Swix booking platform will act as an MVP, allowing users to book property stays and selected experiences through any payment method, including SWIX tokens and through Bonding. Purchasing anything through the SWIX token will give users a discount on the purchase price. The largest discount will be offered to Bond-to-Pay users, and the discount rates will be managed through community governance.
A rating system will be implemented as well, where users who purchase any rental or experience through the app will then submit a rating of their experience which is logged and permanently stored on the Ethereum blockchain.
During this first MVP stage, the staking and bonding functions will be limited to the desktop web-app version.
Phase 2
SWIX v2
This is where Swix plans to introduce DeFi features to the masses through a mobile app and its user-friendly UI/UX. This includes the already present functionalities, complemented with the ability to stake and bond liquidity, all from the palm of your hand.
Swix's objective is to enable everyone to enjoy the benefits of DeFi and property values, as well as ensuring a global network of properties always available to its community members, constantly rewarding users for their involvement.
To fulfil this objective, Swix believes that every purchase made on the Swix platform should be utilised to increase the Swix DAO treasury value, ensuring long-term sustainable growth for the whole Swix eco-system. Given the technical nature of bonding, the barrier to entry for most users will be too high.
Swix is developing a function which hides bonding in the back-end, allowing users to pay through any payment method, traditional and crypto, and then swapping the specific percentage of the purchase value into any kind of liquidity token or asset which the Swix DAO may be necessitating or requesting at any given point in time. This allows a percentage of each purchase to be directed towards, and grow, the Swix DAO treasury, backing each newly minted Swix token with at least 1$ in SWIX-USDC LP.
Here are two diagrams to help you understand how we achieve the above-mentioned:
Diagram 1: User pays in Crypto
A part of the user's payment goes to the "Operator" address. This will be the only address allowed to use Bond-to-Pay. We will setup automation to listen for incoming transactions to this address and call the Bond-to-Pay on incoming transactions.
Diagram 2: User pays in Fiat
Swix will accept the fiat payment and route a part of it internally through an on-ramp to our address. From there all goes analogically to the flow shown in Diagram 2 above.
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