The Travel Blockchain technology fits perfectly into WEGOGO’s model in incentivising users of the platform.
The WeGold tokens would serve as a native currency within the WEGOGO platform to allow purchases to be made without currency conversion costs.
Users on the platform will be rewarded by:
— Simply travelling!
— Discovering new travel activities
— Creating & sharing content
— Delivering aspirational services
— Protecting heritage & culture
— Supporting eco-friendly travel
— Growing the community
HOW THE WEGOGO PLATFORM WORKS
The WEGOGO platform is a Social Travel App currently on WeChat and iOS (with Android App to be rolled out really soon!) that enables Chinese tourists to discover and book their travel experiences directly with long tail travel Aspirational Service Providers (ASPs).
This addresses a ‘David vs Goliath’ problem that many small travel service operators face. The platform ensures that these operators get noticed among the App users, while being able to offer the most authentic experiences to potential customers.
The WEGOGO beta captured over 400 experiences in 10 island destinations and achieved 5,000 transactions to date, validating the demand for truly localized and authentic experiences by small travel service providers.
By 2020, our goal is to attain 120 island destinations and 16,000 activities for bookings to fuel the aspirational dreams of millennial travellers.
THE MARKET OPPORTUNITIES
• China — the world’s no.1 tourism
• Southeast Asia’s travel boom
WEGOGO is raising a US$88 million ICO to address a US$38 billion market opportunity in the fast growing aspirational travel space fueled by China and SEA’s travel boom.
Asia’s global travel boom is led by China which in 2016, surpassed the U.S. to become the world’s largest in both tourist numbers and spending. The outbound Chinese tourists is expected to hit 220 million in 2025, from 120 million in 2015.
On the other hand, Southeast Asia is the world’s fastest growing region for outbound travel. Over 45 million international outbound trips were made by residents of SEA in 2016 and the outbound intra-regional travel also increased by 8% year-on-year.
WEGOGO Pte Ltd will launch its WeGold tokens (WGD) through an Initial Coin Offering (ICO) on 15 May 2018. The public sale will last till 28 July 2018, with registration for whitelisting to kick start on 1st May 2018.
WeGold token is used purely for utility purposes and that such rewards are solely for promoting/advertising the travel content provided on the platform, and are not used as any form of passive returns or for purposeswich would likely dim it as security.Curious about our ICO? Here’s some further information for those who are curious!
TOKEN SALE INFORMATION
*Information updated as of 13 May 2018
— Each WeGold token is priced at US$0.037, which corresponds to 0.00005769 ETH.
— 1 ETH equates to approximately 17,335 WGD (based on average pricing between 11 Apr to 10 May).
— No cap on the maximum allowable purchase, but minimum purchase amount is set at 0.2 ETH (approximately US$128.27).
— The total limited number of WeGold is 10 billion tokens, of which 3.4 billion will be released for sale in this ICO round. Should all 3.4 billion WeGold tokens be taken up, a maximum cap of approximately US$88 million would be raised.
USE OF PROCEEDS
As the company is in its early rapid growth phase, more manpower such as developers, marketers, designers and professionals would be needed to expand the WEGOGO platform.
The management believes that an ICO would be the fastest, most transparent and efficient route to raise funds our expansion plans. The proceeds of the ICO is expected to be used in the following manner:
— 30% Technology Development: For the development of the blockchain technology to ensure it is robust and scalable so as to support more users and provide a vibrant experience on the aspirational travel platform.
— 10% Ecosystem Expansion: For business development strategies, platform evangelisation activities, marketing as well as public relations activities to further promote and engage usership on the platform.
— 15% Pathfinders Loyalty Incentives: For a loyalty programme to incentivise PathFinders on the WEGOGO platform as it is the most important and differentiating factor from other platform providers.
— 25% Operating Expenses: For the Company’s operating expenses.
— 20% Reserve Funds: For contingency purposes.
KEY TOKEN SALES DATES
1 May: Registration for whitelisting opens
15 May: WeGold ICO launches, public sales start. The token sale is open to public at 2 : 00 : 00 UTC until all tokens are sold or until 9 : 59 : 59 UTC on 28 July 2018, whichever comes first.
28 July: Token sales end latest at 9 : 59 : 59 UTC if suppliers do not run out sooner.
WeGold WGD Token ICO Details
The WeGold token (WGD) is an ERC20 complaint utility built on the Ethereum blockchain. It is also the native cryptocurrency of the WeGold ecosystem.
Token Sale
WeGold will issue a total of 3,400,000,000 WGD for sale during its ICO. The total supply of WGD is fixed at 10,000,000,000.
Parameters Of The ICO
- Hard cap: $88 million
- Token price: 1 ETH = 14,565 WGD (the price is variable)
- Minimum purchase: 2ETH
- Maximum purchase: unlimited
- ICO start date: 15th May, 2018
- ICO end date: 30th June, 2018.
For more information please visit the links below;
Website — https://www.wegold.io
Whitepaper (English) — https://www.wegold.io/Resources/Files/Whitepaper%20-%20English.pdf
Twitter — twitter.com/WeGoldToken
Telegram — t.me/WeGoldByWEGOGO
Reddit — reddit.com/r/WeGold
LinkedIn — linkedin.com/company/wegold
YouTube — youtube.com/channel/UCFd3ybhWuj0tQjjuDyqWEew
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Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1680409

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