Buk Technology
About Buk Technology
Buk is a tokenization platform that enables the transparent trading and reselling of hotel room bookings and other dynamic assets through blockchain technology. This approach addresses the issue of lost value from non-refundable bookings and expired event tickets by allowing users to liquidate their assets before expiration.
```xml <problem> Individuals often lose money on non-refundable bookings for hotels, flights, and events when their plans change unexpectedly. Existing resale options are limited, inefficient, and lack transparency, preventing users from recouping the value of these dynamic assets. </problem> <solution> BukProtocol is a platform that enables the tokenization of dynamic real-world assets (dRWAs) like hotel bookings, event tickets, and memberships, allowing users to resell them on Web3 and Web2 marketplaces. By tokenizing these assets, BukProtocol creates a secondary market where users can liquidate their bookings and tickets before they expire, recovering funds they would otherwise lose. The platform provides the infrastructure for developers to build marketplaces and dApps for trading these dynamic assets, increasing liquidity and creating new opportunities for both asset owners and traders. </solution> <features> - Tokenization of dynamic assets such as hotel and airline bookings, event tickets, and gaming items. - Support for resale of tokenized assets on both Web3 and Web2 marketplaces. - Inventory aggregation to list and sell dRWAs on multiple marketplaces. - Modular infrastructure for building dApps and marketplaces for dynamic assets. - $BUK token for fee payments, governance, incentivization, and staking. - Gamified staking for holders to drive growth. - Buk AppChain with gas token and validator rewards. </features> <target_audience> BukProtocol targets users who want to resell their non-refundable bookings and tickets, asset owners seeking to create a secondary market for their assets, and developers interested in building marketplaces for dynamic assets. </target_audience> <revenue_model> The platform generates revenue through fees paid in $BUK tokens for transactions on the BukProtocol. </revenue_model> ```
What does Buk Technology do?
Buk is a tokenization platform that enables the transparent trading and reselling of hotel room bookings and other dynamic assets through blockchain technology. This approach addresses the issue of lost value from non-refundable bookings and expired event tickets by allowing users to liquidate their assets before expiration.
Where is Buk Technology located?
Buk Technology is based in Dover, United Kingdom.
When was Buk Technology founded?
Buk Technology was founded in 2022.
Who founded Buk Technology?
Buk Technology was founded by Arul Prakash.
- Arul Prakash - Founder
- Location
- Dover, United Kingdom
- Founded
- 2022
- Employees
- 11 employees