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 looking to disrupt the current Online Travel Agency's (OTA) dominance. OTAs currently manage 70% of online bookings, impacting hotel direct bookings and profit margins. OTAs typically serve unfavorable terms to hotels, with rate parity clauses and high commission rates. As the hotel's technology partner, GOeureka seeks to maintain the hotel's brand and their direct communication to customers.
Users of GOeureka are able to book hotel rooms for a range of different countries around the world as we have opened up access to 200,000 properties worldwide.
GOeureka Platform
OTAs have an undeniable advantage over an individual hotel’s online presence as they can capitalize on consumers’ demand for low prices and options by aggregating their room inventory from different hotel groups and partners. With no alternative options, hotels have to rely heavily on OTA’s to bring in traffic and customers to hotels. OTA’s have this upper hand while deciding rate parity clauses and high commission rates as they pretty much set it on their own.The next innovation in the field of bookings is being developed currently where companies are trying to develop an integration of booking services with the blockchain. GOeureka is one such company which is trying to build a platform that will integrate blockchain into its booking platform and give users the power to decide on aspects that were till now controlled by online agencies.
Few of the major features of the upcoming platform will be:
- Commission-free booking platform with supporting mobile applications
- Integration capabilities for hotel inventory and loyalty programs
- Re-booking feature for hotel rooms when rates are lowered
- Crypto-enabled interoperability of loyalty points
- A white-labeled solution for the GOeureka platform that will allow hotels to maintain brand control
- Access to 170,000 hotels worldwide
- Enables transactions via cryptocurrencies
What is GOeureka?
GOeureka is the next-gen travel tech company that leverages blockchain technology to build a hotel booking platform. They are aiming to decentralize the hotel booking sector and bring in higher transparency in pricing structure 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 customers.
Revenue Model for GOeureka
GOeureka will allow the standalone and multi-chain Hotels to leverage its Blockchain platform and will charge a 5% transaction fee for all payments made via credit cards and other cryptocurrencies accepted as a mode of payment. This is will result in massive savings for the Hotels who have traditionally paid commissions in tune of 20%-30%. They will be able to bring down their charges and provide better services and facilities to travelers. Moreover, payments made using GO Tokens will not be charged any fees on the GOeureka platform.All these transactions will be executed via Smart contracts built on the Ethereum blockchain that will execute these codes on behalf of the concerned parties. All transaction data will be sent to the smart contract to execute its terms, and the transaction will be stored in the blockchain.
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Token Economy
- Token: GOT
- Platform: Ethereum
- Type: ERC20
- Accepting: ETH, BTC, USD
- ICO Distribution: 60%
- Soft Cap: 4,000,000 USD
- Hard cap: 60,000,000 USD
- Country: Singapore
- Total Tokens: 1,000,000,000
- Restrictions: USA, China
- KYC Required: Yes
Links for more Information
Website: https://goeureka.io/
Whitepaper: https://goeureka.io/#download
Ann Thread: https://bitcointalk.org/index.php?topic=3382526.0;all
Twitter: https://twitter.com/goeurekatravel
Facebook: https://www.facebook.com/GoEurekaTravel/
LinkedIn: https://www.linkedin.com/company/27176560/
Reddit: https://www.reddit.com/r/GOeureka/
Instagram: https://www.instagram.com/goeurekatravel/
Telegram: https://t.me/goeureka
author: akudanko
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1009363
ethereum addres: 0x6E88E5424950050c14D1E22294a0C1B9586c3DE4
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