GOeureka - Future of Online Hotel Booking

badboster (7)in #token • 6 years ago

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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.

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 https://goeureka.io/ , wants to change the scenario by first placing hotels and customers. Using the technology of the blockchain, GO plans to benefit the hotels and the customers, making Commission orders, accepting payment through cryptomnesia that do not have Commission sales and making traditional loyalty program to the brand.

GOeureka aims to create a new symbiosis in which hotels will control their brand, showing value to consumers on their platform, the company said. GOeureka's vision for the future of the tourism industry is a supportive online ecosystem where all businesses are given the opportunity to thrive and benefit from providing the best products or services to travelers. As a technology partner of hotels, GOeureka intends to provide users with seamless web applications and applications without the high Commission structures imposed by current OTA.

The company said it provides accessible and effective platform for hotels and consumers to directly engage in and to conduct with each other, eliminating unfair fee for OTA, which in the end margin of the hotels and increase consumer prices. These benefits are then passed on to customers.

The GO platform includes the following: 1) Website with ordering and payment functions 2) Mobile application for customers and hotels to communicate directly with each other 3) Centralized data center and server to store Personal Identification Information (PII), order details customers, 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 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 the new blockchain technology (ie, Raiden) which allows minimal instant execution at no cost.

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

1 To decentralize the hotel booking sector and provide greater transparency by allowing hotels to connect directly with their customers

2 Aims to provide users with a dynamic digital experience and remove the high commission structure imposed by online travel agents

3 By reducing hotel financial commitments to third party ordering platforms,

GGOUREKA and Blockchain transparency
The main feature of blockchain is accountability. Go will use blockchain to ensure accountability and transparency are maintained in the ecosystem. Go will replace the payment for play settings used by most travel agents. The platform will be unbiased and no commission will be charged to the user. On GO, the hotel no longer needs to pay for visibility. All views and search results will be determined by hotel performance and reviews obtained from its users.

GGOeureka Hotel Booking Loyalty Program With Blockchain
If the hotel wants to integrate, the GO ecosystem will offer an API where hotels can link their inventory with the reservation system. There will be guidelines offered to the hotel IT department to make seamless integration. Go will also integrate with property management software from hotels through strategic partnerships.

One problem that GO will solve is a broken loyalty program. Today, every airline, car rental service, and hotel will have its own loyalty program. This makes it difficult for ordinary consumers to collect enough points to redeem significant rewards.

The integrated loyalty program supported by blockchain is the future. Go will make interoperable programs supported by this technology. Users will have the option to convert hotel loyalty program points on GO credit. With this system, loyalty points obtained from car rental services can be converted into GO credit. This can then be used to pay for hotel rooms.

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 reduction in the distribution of the GO Token bonus after meeting the maximum or preset time limit, whichever comes first. While 30% will be stored in a collection of reserves 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, directly, with 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 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 Sunday 3 Token Sales. All unsold tokens will be burned.

The founder of the GO token and the team will be locked and can be withdrawn every three months for a 24-month period, while the advisor will receive their token after six months after the ICO. Tokens from the Reserve Pool will be used to speed up 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 past 12 months working on the beta version of its platform, consulting blockchain technology experts in the token model as 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.

Expedia figures show high-potential segments for fast revenue growth. For example, Expedia made gross orders of more than US $ 70 billion in 2016 against its operating costs (for example, marketing, salaries) at almost US $ 7 billion.10

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