An online ordering platform that utilizes blockchain technology

Oktober 07, 2018

GOeureka is an online ordering platform that utilizes blockchain technology to overcome current problems in the travel industry such as the high commission structure imposed by online travel agents (OTA) and the double loyalty program in the hotel industry.

The GOeureka team thinks they might have found something that would give this hotel an edge over its agency. To do this, the GOeureka (GO) platform uses blockchain technology to position itself as an unbiased and transparent technology partner for hotels, changing traditional loyalty systems and providing added value to all hotels and their customers.

GOeureka aims to develop a system of ordering facilities and services that are easy to use, reliable with an undeniable record. Like all new systems, much of what is proposed will evolve over time as requirements change.

The main feature of GOeureka

The GOeureka platform is adapted to various devices and is easy to use. Project-made intelligence quickly finds hotels that meet client needs according to the parameters given. A user can specify any selection criteria, including prices for accommodation, choice of food and kitchen options, views from windows, etc. GOeur they are trying to make holiday travelers as comfortable as possible.

GOeureka's vision

GO has a plan to create an online ecosystem where businesses grow by offering the best services to tourists. As a technology partner for the hotel industry, GO will offer applications and web experiences that are simple and direct to users without high commissions on most sites. By freeing up resources for hotels, GO will enable them to offer better value and customer service with their resources.

PRODUCT OVERVIEW

The GO platform includes the following: 1) Website with ordering and payment functionality 2) Mobile application for customers and hotels to communicate directly with each other 3) Centralized database and server for storing Personal Identification Information (PII), customer order details , and data from the hotel 4) Use the Ethereum blockchain and smart contract to generate a decentralized GO Token and run a payment request

GO will store PII, customer order details, and hotel off-chain data to avoid driving network transaction costs and ensure direct execution of user activities. GO will look to move the entire in-chain platform in the future, with the introduction of new blockchain technology (ie, Raiden) that allows minimal instant execution to no cost.

Token Details

GOeureka GO Token ICO Details

As many as 1 billion GO Tokens will be issued with 1 GO token = IDR 10,000. There will be a reduced distribution of the Token GO bonus after meeting the maximum or preset time limit, whichever comes first. While 30% will be stored in a backup pool for operational initiatives, funding marketing strategies, and other activities relevant to business growth. During personal pre-sale, contributions will be received in US Dollars (USD), Singapore Dollars (SGD) or Ether (ETH). All contributions will be converted to ETH, live, at the applicable rates. Token sales will last about three weeks.

GO will hold a personal presale in the first round one month before the Token Sales with an accredited investor, with a minimum contribution of US $ 50,000 each. Interested parties are welcome to whitelist with GO to join this fundraising round. Contributors to funds collected during this period are entitled to a 30% bonus distribution. The maximum limit during this round is 150,000,000 GO Tokens and will be closed two weeks before the Token Sales. If the maximum cap is not reached during personal 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. Pre-sales will close earlier if the maximum limit is reached or will expire on the day before the Token Sales.

Token sales will expire sooner after the total maximum limit is met or after Week 3 of Token Sales. All unsold tokens will be burned.

The founders of GO and team tokens will be locked and can be withdrawn every three months over a 24-month period, while advisors will receive their tokens after six months after the ICO. Tokens from the Reserve Pool will be used to accelerate the implementation of the GO platform. To market the platform efficiently at a much faster rate, GO aims to raise US $ 60 million, after the first round of successful seed funding.

GO has spent the last 12 months working on the beta version of its platform, consulting blockchain technologists on the token model in preparation for the initial coin offer. To effectively match existing OTAs, US $ 60 million is needed to scale the platform and substantially increase our gross orders over the next 3 years.

Figures from Expedia show a high potential segment for fast revenue growth. For example, Expedia made gross orders of more than US $ 70 billion in 2016 against its operating costs (ie, marketing, salaries) at nearly US $ 7 billion.10

Token Distribution