What is Everlodge?
Everlodge is a first-of-its-kind blockchain platform that aims to revolutionize the hospitality and real estate industry. As per recent data, the global real estate market is worth more than $280 trillion, and the vacation rental market is expected to surge at a CAGR of 4.7% by 2030. Therefore, this new platform can soon become a blue-chip project.
It has unveiled a hybrid property co-ownership model that enables people to own luxury villas and vacation homes for just $100. The platform will mint non-fungible tokens against real estate properties, including hotels and villas.
Notably, it will associate with renowned hotel chains and luxury property developers to enrich its ecosystem. After minting NFTs, it will fractionalize them to enable small investors to purchase stake in the project. Since these NFTs will be minted against real-world properties, their value will likely increase.
Another striking benefit that users will get is access to the Rewards Club. The platform users can earn free nightly stays across all hotels and properties available in its ecosystem. They will also be able to trade their free nightly stays to earn extra income.
ELDG will be the native crypto of the platform. Its owners will receive several benefits, like holiday giveaways, property raffles, discounts on transaction fees, and staking rewards.