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Most token launches are still following an old model:
Raise capital first.
Then build later.
Then hope to attract users down the line.
But $STAY seems to be taking a reverse approach.
On April 23, the token is launching alongside an already operational Web3 travel platform with real results:
• Over 2.65 million hotels in more than 200 countries
• 198,000 registered users
• Over $600,000 in annual recurring revenue
• 1,717 bookings made on-chain
This difference is significant.
Comparison:
$XRP focuses on payments
$LINK focuses on data connectivity
$ONDO focuses on real-world assets (RWAs)
SOL focuses on user systems
$STAY focuses on a different category: tokenized travel demand
Token features:
• Multiple membership levels
• Travel rewards
• AI travel assistant
• Allocating 20% of revenue for buybacks and burns quarterly
The leadership also adds credibility, as Jeff Hoffman (founder of Priceline / Booking.com) serves as Executive Chairman.
In a market filled with theoretical projects, those that have a real product and actual use deserve attention.
April 23 could be more significant than many expect.
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