Jalan Sukses: GOeureka: Next-Gen Solution of Hotel Booking on Blockchain

Introduction

On the global travel industry market, the hospitality sector continues a run of strong performance and is projected to sustain strong growth. It is the second largest contributor to the global travel industry and it is currently dominated by online travel agents. OTA’s generate around 70% of online hotel bookings and this has impacted hotel’s direct bookings, profit margins, and loyalty programs.

GOeureka aims to change the scenario by putting hotels and customers first. Using blockchain technology, GO plans to benefit hotels and customers by introducing commission-free bookings, accepting payment through cryptocurrencies that are devoid of merchant fees, and transforming traditional brand loyalty programs.

About GOeureka

GOeureka is a travel tech company utilizing blockchain technology to build a hotel booking platform. Using blockchain technology. GOeureka objective is to make hotel booking industry decentralized and more transparent by making it possible for hotels to associate with their clients without any middlemen involved in the process. Representing itself as a high tech partner to hotels, GOeureka’s goal is to contribute to an efficient crypto experience of customers and eliminate the excessive fee systems created by online travel agencies by diminishing the payments hotels make to third-party booking platforms.

GOeureka aims to create a new symbiosis where hotels maintain control over their brand while unlocking unprecedented value for consumers on its platform. GOeureka’s vision for the future of the travel industry is a supportive online ecosystem where all businesses are allowed the opportunity to thrive and benefit from providing the best goods or services to travelers.

Blockchain Implementation on GOeureka

All transactions on the App will operate on GO’s smart contract. The smart contract acts as a communication layer between the platform and the blockchain. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain. This removes the need for a middleman and facilitates lower transaction costs throughout the platform.

The GO platform utilizes the widely-used Ethereum blockchain. Ethereum’s smart contracts provide multiple language implementations that will facilitate future integration. An audit of all transactions on the platform will be kept on the blockchain each time the smart contract is executed.

GOeureka's GOT Token

The GOT 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. Out of the 1 billion GOeureka tokens that exist, 60% will be sold via a series of pre-sales and public ICO offerings. All unsold tokens will roll over into the following round. However, if all of the 600 m tokens are sold out in any round, the ICO will conclude and the subsequent rounds will be discontinued. Any unsold tokens will be burnt at the end of the ICO.

ICO Information

Token Ticker: GOT

Platform: Ethereum

Standard: ERC20

Total Supply: 1,000,000,000 GOT

Tokens for sale: 600,000,000 GOT

Token price: 1 GOT = 0.10 USD

Accepting: ETH, BTC, USD

Soft cap: 4,000,000 USD

Hard cap: 60,000,000 USD

Restricted Countries: USA, China

Token Distribution