GOeureka PROJECT AND IT'S ICO 2018-(NEXT-GEN SOLUTION SHAPING THE F...

INTRODUCTION:

hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In the United Kingdom, a hotel is required by law to serve food and drinks to all guests within certain stated hours.[citation needed] In Japan, capsule hotels provide a tiny room suitable only for sleeping and shared bathroom facilities.

The Peninsula Paris hotel
The precursor to the modern hotel was the inn of medieval Europe. For a period of about 200 years from the mid-17th century, coaching inns served as a place for lodging for coach travelers. Inns began to cater to richer clients in the mid-18th century. One of the first hotels in a modern sense was opened in Exeter in 1768. Hotels proliferated throughout Western Europe and North America in the early 19th century, and luxury hotels began to spring up in the later part of the 19th century.

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Hotel operations vary in size, function, complexity, and cost. Most hotels and major hospitality companies have set industry standards to classify hotel types. An upscale full-service hotel facility offers luxury amenities, full service accommodations, an on-site restaurant, and the highest level of personalized service, such as a concierge, room service, and clothes pressing staff. Full service hotels often contain upscale full-service facilities with a large number of full service accommodations, an on-site full service restaurant, and a variety of on-site amenities. Boutique hotels are smaller independent, non-branded hotels that often contain upscale facilities. Small to medium-sized hotel establishments offer a limited amount of on-site amenities. Economy hotels are small to medium-sized hotel establishments that offer basic accommodations with little to no services. Extended stay hotels are small to medium-sized hotels that offer longer-term full service accommodations compared to a traditional hotel.

Timeshare and destination clubs are a form of property ownership involving ownership of an individual unit of accommodation for seasonal usage. A motel is a small-sized low-rise lodging with direct access to individual rooms from the car park. Boutique hotels are typically hotels with a unique environment or intimate setting. A number of hotels have entered the public consciousness through popular culture, such as the Ritz Hotel in London. Some hotels are built specifically as a destination in itself, for example at casinos and holiday resorts.

Most hotel establishments are run by a General Manager who serves as the head executive (often referred to as the "Hotel Manager"), department heads who oversee various departments within a hotel (e.g., food service), middle managers, administrative staff, and line-level supervisors. The organizational chart and volume of job positions and hierarchy varies by hotel size, function and class, and is often determined by hotel ownership and managing companies.

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The word hotel is derived from the French hôtel (coming from the same origin as hospital), which referred to a French version of a building seeing frequent visitors, and providing care, rather than a place offering accommodation. In contemporary French usage, hôtel now has the same meaning as the English term, and hôtel particulier is used for the old meaning, as well as "hôtel" in some place names such as Hôtel-Dieu (in Paris), which has been a hospital since the Middle Ages. The French spelling, with the circumflex, was also used in English, but is now rare. The circumflex replaces the 's' found in the earlier hostel spelling, which over time took on a new, but closely related meaning. Grammatically, hotels usually take the definite article – hence "The Astoria Hotel" or simply "The Astoria.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: GOeureka

WHAT IS GOeureka

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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.

ABOUT GOeureka

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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 TEAM BOARD

GOeureka ADVISORS BOARD

GOeureka RIADMAP

EXPLANATION VIDEO ABOUT GOeureka

GOeureka ICO ANALYSIS

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GO will launch its Token Sale in the first quarter of 2018 with three rounds consisting of a private presale, public presale, and the token sale.

A total of 1 billion GO tokens will be generated, 60% of which will be allocated for sale during the Private sale, Pre-ICO and ICO; 10% will be distributed to GO founders, its immediate team and advisors. While 30% will be kept in a reserve pool for operating initiatives, funding marketing strategies, and other activities relevant to the growth of the business.

During the private pre-sale, contributions will be accepted in US Dollars (USD), Singapore Dollars (SGD) or Ether (ETH). All contributions will be converted to ETH, live, at the prevailing rate.The Token Sale will last approximately three weeks.

A total of 1 billion GO Tokens will be issued where 1 GO token = US$0.30. There will be a minimum purchase of US$1000 (equivalent ETH value). There will be a diminishing bonus distribution of GO Tokens upon meeting the maximum cap or preset time, whichever comes first.

GO will host a first-round private presale one month prior to the Token Sale with accredited investors, with a minimum investment of US$50,000 each. Interested parties are welcome to whitelist with GO to join this round of fundraising. Investors of funds raised during this period are entitled to bonus distributions of 30%. The maximum cap during this round is 150,000,000 GO Tokens and will close two weeks before the Token Sale.

If the maximum cap is not reached during the private 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. The pre-sale will be closed early if the maximum cap is reached or will end on the day before the Token Sale.

The Token Sale will end early once the total maxi- mum cap is met or after Week 3 of the Token Sale. GO founders and team tokens will be locked for 24 months, while advisors will receive their tokens after six months post ICO. Tokens from the Reserve Pool will be used to accelerate the adoption of GO’s platform. Funds raised will be budgeted over three years, with the purpose of developing and growing GO’s platform and market reach.

GO DEBIT CARD: GO Token holders can choose to order a GO Card – a physical, prepaid debit card. The GO Card allows users to spend GO Tokens (converted to Fiat currency) anywhere or withdraw cash from compatible ATMs. GO Cards are linked to user wallets on the GO app where users can manage and top up GO Card funds with GO Tokens andcredits. Funds can then be converted to other currencies at competitive exchange rates. GO Card holders also receive rewards in GO Tokens as a form of cashback for each transaction made with their GO Card. To efficiently market the platform at a much quicker rate, GO is aiming to raise US$150 million in funding, following the first round of successful seed funding. GO has spent the past 12 months working on a beta version of its platform, consulting blockchain technology experts on the token model in preparation for its initial coin offering. To effectively match the existing OTAs, US$150 million is required to scale the platform and substantially grow our gross bookings over the next 3 years. Figures from Expedia demonstrate the segment’s high potential for rapid revenue growth. For example, Expedia made gross bookings of more than US$70 billion in 2016 against its operational costs (i.e., marketing, salary) at close to US$7 billion.10

GO TOKEN ANALYSIS

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The GO 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

GO Tokens are awarded to initial investors during the token sale and may be traded on exchanges in the future or spent on the GO platform.

GO will provide a 5%–15% savings on all GO Token redemptions on the platform. This provides an incentive for token holders to spend tokens on the GO platform instead of selling them on exchanges as they will not be subject to exchange fees and could potentially earn on the 5%–15% savings. If token holders spend X amount on the platform within a two-month period, they will be upgraded to Silver membership status and be entitled to an additional 5% discount on all bookings across the platform. GO will also reward token holders for spending of tokens in order to create a more engaging environment. Following is one example of how GO can reward token holders for spending: If token holders spend Y amount on the platform within a four-month period, they will be upgraded to Gold membership status and be entitled to an additional 10% discount on all bookings across the platform. Aside from upgrading membership status and obtaining further discounts, GO Token holders will also be entitled to an additional range of benefits on the GO platform. All consumers on the GO platform will have their details captured when signing up (Passport/ID). Due to KYC procedures in place currently, it is quite time-consuming to open an account with an exchange. If token holders spend Z amount on the platform within a six-month period, they will be upgraded to Platinum membership status and be entitled to an additional 15% discount on all bookings across the platform. Once the GO token is listed on exchanges, GO will work alongside the respective exchanges to simplify their KYC procedures so purchasing tokens from any exchange that GO is listed on will be easier and quicker.