# Summary of Key Facts

Xeni is a Web 3.0 travel ecosystem that democratizes access of wholesale (net rate) inventory to travel resellers and powers web-based selling. The travel transactions generated on Xeni’s ecosystem will represent a captive market for our blockchain settlement engine.\
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The Xeni ecosystem is comprised of three major elements:

![](https://2005911696-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjBEJy1Qpg6GRQ8lDXR5E%2Fuploads%2F51E7qZqIhRzEQS3EMwS2%2FXeni%20W2.png?alt=media\&token=ca3e746e-3264-4a3d-a156-d3f4c9f722de)

The ecosystem addresses the major pain points in the travel supply chain specifically involving the sale of online travel inventory. These pain points are: accessing wholesale inventory, selling travel online to travelers, account reconciliation, reduction of travel payment fraud, cost, and settlement time.\
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**Xeni (travel ecosystem)**\
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Xeni’s ecosystem offers benefits to every constituent in a travel transaction, as follows:\
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**Travel resellers:**

* Access to a full suite of travel inventory at wholesale rates
* Complete control over their commissions
* Ability to receive an instant settlement of commissions
* Ability to accept online payments
* Ability to offer their travelers a modern, online experience with a no-code solution\\

**Travelers:**

* High-touch service without paying a higher price vs. published rates
* Gain the luxury of having a travel service provider coupled with the convenience of logging in to a modern online travel agency\\

**Travel inventory suppliers:**

* A new distribution channel to reach more resellers of travel
* Reduce their customer service and tech team costs
* Receive payments at significantly reduced cost vs. the current virtual credit card-based payment system
* Faster settlement: instant settlement once booking becomes non-refundable

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**XeniPay**  <img src="https://2005911696-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjBEJy1Qpg6GRQ8lDXR5E%2Fuploads%2FVd8f7sxg8UERUWCX4mGJ%2Fxenipay%203.jpg?alt=media&#x26;token=351fa03c-c954-49c6-b25d-e5f8cdf67f13" alt="" data-size="line">

XeniPay will be used to track and settle transactions that occur in the Xeni travel ecosystem.\
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XeniPay is built on the Hedera consensus service. The DLT provides an immutable log of activity to track distribution of payments across the supply chain. Once a booking has been completed, the transaction records are logged. Then, the funds owed to each counterparty are settled based on allocations established in the transaction logic.\\

**XeniCoin**   <img src="https://2005911696-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjBEJy1Qpg6GRQ8lDXR5E%2Fuploads%2FknVi35HV6LnholyaHnl8%2Fxenicoin3.png?alt=media&#x26;token=a7f4d1c3-7d25-4a46-a3d9-3360d49648d3" alt="" data-size="line">\
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XeniCoin is the native coin of the Xeni ecosystem. XeniCoin will offer discounts and benefits to its users and holders. XeniCoin will be used as an instrument for DeFi lending to travel inventory suppliers, and for tokenization of travel inventory to allow for transfer of non-refundable bookings across the Xeni marketplace.

![](https://2005911696-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FjBEJy1Qpg6GRQ8lDXR5E%2Fuploads%2FC45BYszI0g3o6ONpuxLJ%2Fpage%203%20img1.png?alt=media\&token=d47180a6-1ace-422d-a1bb-0b1a1035550d)
