GOeureka: A Hotel Booking Platform Built On Tezos To Launch Public Sale Next Month (Interview)

GOeureka founders and core team have strong commercial and technical competence with a deep understanding of market dynamics backed by a talented pool of blockchain consultants and management advisors from hotel and consultancy industries.

I am very passionate about blockchain technology and was actively looking for a solution that would solve the inefficiencies faced by hotels online. Rate parity agreements and unfair listing terms are some of the main reasons hotels ultimately lose control of their inventory on online listing platforms. Realising that blockchain can provide a means to solve this, I founded GOeureka and developed a platform to provide transparency and an equal playing ground for hotels.

GOeureka is creating their tokens solely using Tezos smart contracts and aims to build and contribute to the Tezos ecosystem moving forward where else Travala focus is on the Binance Chain. GOeureka also aims to enable GOT token holders to participate in the travel economy by enabling holders to fund hotel inventory purchases and retain a portion of the profits generated on their funding.

Generally prices offered by both platforms will be substantially lower for hotels rooms in certain regions but the benefit of using GOeureka is that aside from booking hotel rooms, users will also be able to monetise our platform.

Yes our tokens we initially issued as ERC-20 tokens.

There were a number of reasons that led to this decision, and the one that impacts our decision most is high transaction fees on Ethereum.

GOT is a utility token that will benefit token holders by providing access to discounted services on our platform. Being an erc20 token, these discounts would be negated by high gas fees as such we have made the decision to pivot to the Tezos blockchain. We did explore alternative platforms but felt Tezos would enable us to scale GOeureka in a more efficient manner.

The platform will no longer run on Ethereum and will solely operate on Tezos moving forward.

The private round contributors who were holding our Ethereum based tokens will be reissued with tezos based tokens. These tokens are subject to a lock-in and monthly release of 10% upon listing on Quipuswap.

Yes, they will be issued Tezos based tokens based on the same price they purchased GOT on Ethereum previously. These tokens will also be subject to a lock-in and monthly release.

The price of GOT on Ethereum was USD$0.10. We pegged our GOT to XTZ where 1 XTZ = 50 GOT. At current prices, the tokens will be valued at USD$0.065 during our token sale which runs from 10th of June – 12th June.

We have hotels ranging from 1-5 stars available on our platform. We cover most regions and countries and our contracting team is constantly pursuing new hotel partnerships daily.

We have a contracting team who contacts hotels to onboard them on our platform via our extranet and we also work with hotel wholesalers and bed banks to secure hotel inventory in regions we have not covered ourselves.

By operating as a closed user group and pricing our rooms in tokens/Cryptocurrencies, our platform is not subject to rate parity agreements and hotels are able to offer a substantial savings via our platform because they retain a higher percentage of profits. These saving can range from 5-50% depending on the hotel and the season.

At launch, our focus is solely on hotels and in the future, we will incorporate flight and travel packages as well.

25% of the funds raised in our token sale will be utilised to provide liquidity on Quipuswap. We will also be incentivising token holders who provide liquidity with GOT tokens.

Our tokens will also be utilised as a loyalty rewards. The loyalty network we aim to create will be based on our tokens where we will incentivise travel partners on our platform to accept our tokens as a form of loyalty rewards which can be in turn exchanged for travel related services such as room nights, dining discounts, upgrades.

Our funds will be utilised as follows, 30% on Marketing related activities, 25% of funds raised will be allocated towards liquidity on Quipuswap, 20% on Operational expansion, 15% on further development of our platform, 5% will be spent to enhance security of our platform and 5% on Legal consultation.

There are some commendable projects that have launched on Tezos recently and we have identified a few platforms on Tezos that we feel have potential synergy. The main focus right now is to complete our token sale and launch our platform, we will definitely be reaching out to them once we have launched our platform to explore options.

I was actually drawn to Tezos by Hicetnunc (HEN) in March this year. Seeing how the community everyone came together to essentially build out that platform convinced me that the Tezos will be the right choice for us.

The community spirit is strong, and I believe if enough corporations and companies start building on Tezos, it will outdo a lot of other chains in due time. We hope to bring some traction via our project as I strongly believe in Tezos and look forward to contributing where we can.

We have partnered with Crunchy Network, Rocket and Instaraise. We will be carrying out our token sale from 12th to 14th of July 2021 on both Rocket and Instaraise and we are delighted to be the first project to launch on both of these Tezos based launchpads. Crunchy will be providing us with an escrow service where they will hold proceeds from our token sale and release it to us in accordance with milestones we achieve. We will be sharing more detailed information around this in a Medium article that we will publish soon.

We have only secured funding via our private round and that enabled us to build out our platform, hire out our team of experienced individuals and we are now in a position to offer some of the most attractive hotel rates to everyone on Tezos.

I cannot say much about it at this point in time but we are exploring the usage of CRD as a security token which can be utilised within the travel industry. There are regulatory hurdles we have to overcome at the moment but rest assured, we will share more information around this once we are able to.

Joshua aka CodeCrafting enabled the partnership between GOeureka and Crunchy to provide the escrow service. Moving forward, he will be assisting us with further developments on Tezos such as the staking mechanisms for our GOT tokens. We will definitely be exploring alternative usage of Crunchy services once we have launched as well.

We like to think of GOeureka as a stepping stone into cryptocurrency for non crypto holders. We accept both fiat and crypto as a means of payment and prices displayed in crypto will be lower and more attractive compared to fiat so will encourage individuals who traditionally book using fiat to use crypto instead.

Yes we do, this is one way for us to encourage non-crypto holders to start using cryptocurrencies instead.

Please follow us on twitter for updates, read our whitepaper, join our telegram where you are free to ask any questions related to our project and visit our website for details on our upcoming token sale.

We have started seeing domestic travel pick-up in a big way in countries where Covid is under control and we look forward to re-launching our platform on Tezos where we can provide cryptocurrency holders with access to a unique travel platform they can engage with and be a part of.