Gate News message, April 23 — Staynex, an AI-powered travel platform combining hotel booking, Web3 rewards, and tokenized membership, announced that $STAY is now live on a major CEX today at 20:00 HKT (14:00 CET). Unlike many token launches built on future promises, Staynex enters the market with an operating business already in place: 2.65 million hotels onboarded, $600,000 in recurring revenue, and more than 40 ecosystem partners.
$STAY launches on BNB Smart Chain at $0.00035 USDT with an initial market capitalization of $1.05 million. Only 3% of total supply is circulating at token generation event (TGE), with no VC discount—all participants enter at the same price. Team tokens are locked for 12 months. The platform features AI Travel Wingman, an AI-powered travel planning product offering personalized itineraries and real-time price comparison.
Staynex’s Ocean Club membership system allows users to unlock benefits including higher staking APY, travel discounts up to 25%, and exclusive co-investment rights in resort properties. The company implements a Shield Protocol where 20% of net platform revenue is allocated quarterly to buy $STAY on the open market, with 50% burned and 50% added to liquidity. The first buyback is scheduled for July 2026.
One week before TGE, Staynex completed the acquisition of Sleap.io, a Swiss Web3 hotel booking platform, expanding the team to 25 people. The company is chaired by Jeff Hoffman, co-founder of Priceline.com and Booking.com, and backed by ecosystem partners including Tencent Web3 and Anantara.
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