Qstay

QSTAY (QSTAY) is a cryptocurrency launched in 2025. It functions as a Real-World Asset token on the Solana blockchain, one that emerged from the Pump.fun token launchpad ecosystem. Its value proposition anchors directly to a portfolio of over 300 physical hospitality units, making it a hybrid instrument that blurs the line between digital utility and property-backed exposure.

The asset’s core utility lies in frictionless crypto payments for a global virtual hotel brand. Qstay, the operating company, leases and upgrades luxury apartments and villas across Dubai, Ras Al Khaimah, Tbilisi, Baku, and Abu Dhabi, then books them through standard platforms like Airbnb. QSTAY ingests that entire flow, letting guests settle reservations natively on the blockchain. It solves the fragmented payment puzzle that haunts cross-border lodging—currency conversion fees, settlement delays, card network declines—by collapsing it into a single Solana-based transaction.

QSTAY operates on the Solana network. The choice of infrastructure is deliberate. Solana’s sub-second block times and sub-cent transaction costs align with the high-frequency, low-margin nature of hospitality bookings. There is no separate consensus mechanism for the token; it inherits Solana’s proof-of-stake and proof-of-history hybrid security model, piggybacking on a validator set that secures tens of billions in value.

Issued as an SPL token, QSTAY was launched via Pump.fun’s bonding curve mechanism, a deployment path that seeds immediate liquidity before graduating the pair to Raydium’s automated market maker. The contract address, 96hj47MzSpZgVcT1v4nwpbQNEU59f6ys48PArGivpump, lives on Solana’s mainnet-beta. Token transfers conform to the SPL standard, meaning any Solana-compatible wallet can custody the asset without special integration. No separate EVM bridge exists; the project remains natively siloed in Solana’s Rust-based execution environment.

Artur Khayrullin, Ekaterina Rogozhina, Alec Redelman Fesenko, and Natalya Fesenko founded the underlying hospitality venture in 2020. A $6.5 million seed round closed in mid-2022, followed by a $4.6 million pre-Series A raise in mid-2024. The company accumulated $18 million in cumulative revenue while scaling from a single-city operation to a multi-jurisdictional manager of 300-plus properties. The token launched on August 17, 2025, after the firm secured a landmark agreement to manage the 367-unit Carlton Hotel & Suites in Dubai. That timeline signals a deliberate sequence: build the operational engine, then tokenize its receivables layer.

The broader ambition is to architect a decentralized hospitality marketplace where smart contracts automate booking agreements, revenue splits, and partner commissions. Instead of a platform that extracts intermediary rent, the model envisions property operators and guests transacting directly via blockchain rails. Qstay’s leadership explicitly positions the token as infrastructure for a token-curated registry of verified listings, with on-chain reputation scores replacing opaque review systems.

Within that framework, QSTAY is the settlement gas. Reservations on the Qstay app can be paid in QSTAY, settling instantly to the operator’s wallet without currency conversion or chargeback risks. The token’s RWA designation derives from a direct link to the firm’s entire rental inventory—the 300-plus units function as a tangible floor for the asset’s valuation. No governance voting rights or staking yield are embedded; the token is a payment rail first.

A traveler holding QSTAY opens the Qstay app, selects a Palm Jumeirah penthouse, submits a token-denominated reservation, and the smart contract releases payment upon check-in. For property operators, receiving QSTAY eliminates card network fees and reduces reliance on OTAs that command commissions of 15% or more. Because Solana finalizes blocks in under half a second, even small add-ons—late checkout, extra linens, gym passes—become programmable, atomically settled line items.

QSTAY has a maximum supply of 1,000,000,000 tokens. Currently, 998,804,552.62 are in circulation. With a market capitalization of $6,244.18, QSTAY ranks #10,740 among all cryptocurrencies.