ICO Review: GOeureka Project
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.
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.
GO has a plan to create an online ecosystem where businesses thrive by offering the best services to travelers. As a technology partner for the hotel industry, GO will offer a simple and direct app and web experience to users without the high commissions on most sites. By freeing up resources for hotels, GO will make it possible for them to offer better customer value and service with their resources.
How Does GOeureke Work?
GO is also introducing a patent-pending Re-Booking algorithm function as an added-value service for customers to obtain the best value for rooms (due to fluctuating prices). Hotel room prices are updated several times a day. When the hotel rate drops, the Re-Booking feature will automatically detect and re-book an existing booking at the lower rate. Here is an example of how the Re-Booking feature works:
- Customer makes a booking for a deluxe room at $300 seven days prior to his stay
- The Re-Booking algorithm continually checks for price drops
- Two days later, the rate for the same room type is now advertised at $280
- The room is automatically re-booked at the new rate of $280
- Customer is informed that he has just saved $20 on his booking
GO’s website includes a user-friendly interface that allows hotels to update and manage listings with ease. Hotels will be provided a pricing dashboard where rates can be updated as needed. When the hotel lowers room rates with the Re-Booking feature, GO will prompt the hotel with the number of bookings that will be affected by the lower rate. Hotels will then be able to make informed decisions when dropping rates, notifying customers of their new rates in real-time.
GOeureka Hotel Booking Loyalty Programs With The Blockchain:
If a hotel wishes to integrate, the GO ecosystem will offer an API where a hotel can link their inventory with the reservation system. There will be guides offered to the hotel’s IT department to make the integration seamless. Go will also integrate with the property management software of a hotel via strategic partnerships.
One issue that GO will solve is the disconnected loyalty programs. Today, every airline, car rental service, and the hotel will have its own loyalty program. This makes it hard for ordinary consumers to accumulate enough points to redeem for significant rewards.
An integrated loyalty program powered by the blockchain is the future. Go will create an interoperable program that is powered by this technology. Users will have the option to convert the loyalty program points of a hotel in GO credits. With this system, loyalty points earned from a car rental service can be converted into GO credits. This can then be used to pay for a hotel room.
The GO platform includes the following:
- Website with booking and payment functionalities
- Mobile application for customers and hotels to communicate directly with each other
- A centralized database and server to store Personal Identity Information (PII), customer booking details, and data from hotels
- Utilize Ethereum blockchain and smart contract to generate decentralized GO Tokens and execute payout requests
The complete development of GO’s platform will be its top priority and earliest objective. Essential features will be built for the earliest possible launch of GO’s fully functional platform, which shall be expanded later on.
The Beta launch of GO’s platform will include the rebooking feature, integration of hotel systems and loyalty program subscriptions for the website. The App will launch with the check-in, hotel app services, room key features, Fiat currency payments, and loyalty points tracking. All other features will be built according to the roadmap below:
Token Sales Detail:
Start: June 1, 2018
PreICO Price: 1 GOT = 0.10 USD
Price: 1 GOT = 0.10 USD
Start: July 1, 2018
End: July 31, 2018
Soft cap: 4,000,000 USD
Hard cap: 60,000,000 USD
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, China
For more information: