GOeureka FRAMEWORK - SHAPING THE FUTURE OF ONLINE HOTEL BOOKING THROUGH BLOCKCHAIN TECHNOLOGY

Dprince2281

PRESENTATION:

Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.

To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.

Cryptocurrencies receive news coverage on a daily basis recently, and investing in them can be fun, profitable, and rewarding. respectively over the last years as interest investors flock to the digital currency market, and research has comfirm it that over 100,000 new users sign up every day. And this is just the beginning.

The starting point is familiarizing yourself with the market caps and prices of popular currencies. The cryptocurrency market is highly speculative, so staying up to date with circulating news is critical. Much of the market seems like a gamble at first glance, but you can become an intelligent cryptocurrency investor by learning about each of the tokens and by a particular project that I will be presenting to you in this article.

According to the purpose or fixed design of this article, Today! We will be discussing or analysing about a particular amazing project called: GOeureka

WHAT IS GOeureka

GOeureka is a travel tech company utilising blockchain technology to build a hotel booking platform. Our mission is to decentralise the hotel booking sector and deliver greater transparency by allowing hotels to directly connect with their customers. As a technology partner to hotels, GO aims to provide a dynamic digital experience to users and eradicate the high commission structures imposed by online travel agents. By reducing the financial commitments of hotels to third-party booking platforms, GO’s vision is to enable hotels to focus more resources on providing better intrinsic value and services to travellers around the globe.

ABOUT GOeureka

By reducing the financial commitments of hotels to third-party booking platforms, GO's vision is to enable hotels to focus more resources on providing better intrinsic value and services to travellers around the globe.

GOeureka TEAM BOARD

GOeureka ADVISORS BOARD

GOeureka ROADMAP

GOeureka ICO ANALYSIS

GO will launch its Token Sale in the first quarter of 2018 with three rounds consisting of a private presale, public presale, and the token sale.

A total of 1 billion GO tokens will be generated, 60% of which will be allocated for sale during the Private sale, Pre-ICO and ICO; 10% will be distributed to GO founders, its immediate team and advisors. While 30% will be kept in a reserve pool for operating initiatives, funding marketing strategies, and other activities relevant to the growth of the business.

During the private pre-sale, contributions will be accepted in US Dollars (USD), Singapore Dollars (SGD) or Ether (ETH). All contributions will be converted to ETH, live, at the prevailing rate.The Token Sale will last approximately three weeks.

A total of 1 billion GO Tokens will be issued where 1 GO token = US$0.30. There will be a minimum purchase of US$1000 (equivalent ETH value). There will be a diminishing bonus distribution of GO Tokens upon meeting the maximum cap or preset time, whichever comes first.

GO will host a first-round private presale one month prior to the Token Sale with accredited investors, with a minimum investment of US$50,000 each. Interested parties are welcome to whitelist with GO to join this round of fundraising. Investors of funds raised during this period are entitled to bonus distributions of 30%. The maximum cap during this round is 150,000,000 GO Tokens and will close two weeks before the Token Sale.

If the maximum cap is not reached during the private pre-sale, it will be opened to the public, with a minimum contribution requirement of US$1000 (equivalent ETH value). There will be a 15% bonus distribution during this round. The pre-sale will be closed early if the maximum cap is reached or will end on the day before the Token Sale.

The Token Sale will end early once the total maxi- mum cap is met or after Week 3 of the Token Sale. GO founders and team tokens will be locked for 24 months, while advisors will receive their tokens after six months post ICO. Tokens from the Reserve Pool will be used to accelerate the adoption of GO’s platform. Funds raised will be budgeted over three years, with the purpose of developing and growing GO’s platform and market reach.

GO DEBIT CARD: GO Token holders can choose to order a GO Card – a physical, prepaid debit card. The GO Card allows users to spend GO Tokens (converted to Fiat currency) anywhere or withdraw cash from compatible ATMs. GO Cards are linked to user wallets on the GO app where users can manage and top up GO Card funds with GO Tokens andcredits. Funds can then be converted to other currencies at competitive exchange rates. GO Card holders also receive rewards in GO Tokens as a form of cashback for each transaction made with their GO Card. To efficiently market the platform at a much quicker rate, GO is aiming to raise US$150 million in funding, following the first round of successful seed funding. GO has spent the past 12 months working on a beta version of its platform, consulting blockchain technology experts on the token model in preparation for its initial coin offering. To effectively match the existing OTAs, US$150 million is required to scale the platform and substantially grow our gross bookings over the next 3 years. Figures from Expedia demonstrate the segment’s high potential for rapid revenue growth. For example, Expedia made gross bookings of more than US$70 billion in 2016 against its operational costs (i.e., marketing, salary) at close to US$7 billion.10

GO TOKEN ANALYSIS

The GO Token is a digital token or virtual currency designed to facilitate transactions on the GO platform for the purchase of room nights, hotel services, and other internal processes and payments within the GO infrastructure

GO Tokens are awarded to initial investors during the token sale and may be traded on exchanges in the future or spent on the GO platform.

GO will provide a 5%–15% savings on all GO Token redemptions on the platform. This provides an incentive for token holders to spend tokens on the GO platform instead of selling them on exchanges as they will not be subject to exchange fees and could potentially earn on the 5%–15% savings. If token holders spend X amount on the platform within a two-month period, they will be upgraded to Silver membership status and be entitled to an additional 5% discount on all bookings across the platform. GO will also reward token holders for spending of tokens in order to create a more engaging environment. Following is one example of how GO can reward token holders for spending: If token holders spend Y amount on the platform within a four-month period, they will be upgraded to Gold membership status and be entitled to an additional 10% discount on all bookings across the platform. Aside from upgrading membership status and obtaining further discounts, GO Token holders will also be entitled to an additional range of benefits on the GO platform. All consumers on the GO platform will have their details captured when signing up (Passport/ID). Due to KYC procedures in place currently, it is quite time-consuming to open an account with an exchange. If token holders spend Z amount on the platform within a six-month period, they will be upgraded to Platinum membership status and be entitled to an additional 15% discount on all bookings across the platform. Once the GO token is listed on exchanges, GO will work alongside the respective exchanges to simplify their KYC procedures so purchasing tokens from any exchange that GO is listed on will be easier and quicker.