WeGold: The future of travel
World's First Travel Blockchain To Fuel Asia's Booming Aspirational Travel Ecosystem
WONG TOON KING
Chairman of WEGOGO & Managing Partner of FarSight Capital
Co-Founder & COO of WEGOGO
MAK CHEE WAH
Founder & CEO of WEGOGO
YUE YEW HOONG
Co-Founder & CFO of WEGOGO
Founder & MD of BrandStory
President of China, AirAsia
DR ANDREW CHUA
Executive Chairman EASB East Asia Institute of Management
Asia President of The Travel Corporation
Executive Director of Chong Sing Fintech Holdings
China Managing Director of Las Vegas Convention & Visitors Authority
Group CIO Parkway Healthcare
CEO Rational Systems, Blockchain Technology Advisor
Entrepreneur & ICO Consultant
Partner, Kennedys Legal Solutions
- Crowdsale (34%)
- Platform and Ecosystem Developments (28%)
- Team (Management, Board & Advisors) (20%)
- Future Sales (18%)
- Technology Development (30%)
- Operating Expenses (25%)
- Reserve Funds (20%)
- PathFinders Loyalty Incentisation (15%)
- Ecosystem Expansions (10%)
Cost of the token17335 tokens for 1 eth
Price without discounts
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What is WEGOGO & WEGOLD?
WEGOGO is a Social Discovery Platform for Asian travellers to connect directly with local hosts who offer the world’s most aspirational travel experiences – island getaways, adventure pursuits, eco-tourism and authentic local activities.
Local travel hosts usually run small businesses and often have limited access to technology or sales channels. With just the use of mobile phones, WEGOGO empowers them to level the playing field by being found easily by travellers from China and Southeast Asia to facilitate journeys of self-discovery.
For the time-poor urbanite, who’s “been there, done that”, WEGOGO offers a stress-free platform to share and discover new, immersive, and transformative experiences.
What is WeGold?
In its next phase of development, WEGOGO is launching its own WeGold Travel Token to pioneer a new decentralized, fair-share ecosystem - ‘PathFinder Model’ - to empower travel-loving people to help discover and share the long tail of travel experiences. This peer-to-peer model incentivises our PathFinders to create a new stream of income doing what they love and scale the ‘Unscalable’ in travel.
WeGold Travel Token by WEGOGO will be the world’s first travel blockchain to address the rising wave of Asia’s global tourism boom, worth US$216 billion in online bookings with growth of 23% (compared to North America’s US$200 billion and 5% growth).
What problems do WeGold solve?
The WeGold Travel Blockchain solves the problem where small, local and truly authentic providers of travel experiences are sidelined by big boys in the market.
Small local travel providers (long tail operators) are the ones that offer the most authentic experiences to immerse oneself in a new culture. Many offer exciting adventures and ecocentric activities that best suit the offerings of the destination.
However, the rules are set by market dominators, as these operators do not have the resources to reach the customers overseas. Besides sales and distribution, they do not have the financial means to create a presence on social media and e-commence platforms to be easily accessible by the new mobile generation traveling out of China.
They are further hampered by the fact that China uses a different set of social media platforms such as WeChat, Weibo and Youku as well as different payment solutions such as WeChat Pay and Alipay.
What are its competitors and comparative advantages?
WEGOGO, based in the world’s largest and fastest growing tourism market of China and Southeast Asia respectively, is pioneering a new “Fair-Share Travel Ecosystem” that aims to challenge the “winner-takes-all” model of the current incumbents powered by the technologies of Internet 1.0 and 2.0. Being a pioneer in aspirational travel, WeGold by WEGOGO will become the world’s first travel blockchain to fuel Asia’s travel boom.
Asia Pacific is now the world’s largest travel market (40%) led by China (220 million outbound trips by 2025) and Southeast Asia which is the fastest growing region (increasing at 7% vs global 3%). The market for Global Travel Activities is the 3rd largest travel sector in the world and set to grow to US$129 billion by 2020.
Compared to other ICOs, WEGOGO already has a proven system on WeChat and iOS featuring over 10 islands and 400 activities, with over 5,000 transactions successfully conducted on its beta. WEGOGO on Android will be launched in Q3 of 2018. By 2020, WEGOGO will expand to cover 125 destinations and 16,000 activities for bookings.
Why is blockchain technology used in WeGold?
WEGOGO aims to deploy blockchain technology to pioneer a new co-operative travel ecosystem. The “fair-share” model enabled by the decentralised nature of the blockchain, will challenge current incumbents and their “winner takes all” economic model to the travel industry, allowing small local aspirational travel experiences to thrive.
Utilising the blockchain technology, WEGOGO will create the WeGold crypto-token and build out its unique ‘PathFinder Model’ to realise a new economic ecosystem for travel – a new world that rewards and recognises all in the network for their contributions. The WeGold Travel Blockchain aims to help the Long Tail of Travel to scale up and enables a new decentralise world for the travel industry.
What is the token’s utility?
WeGold (WGD), our blockchain based Token built on the Ethereum ERC-20 token standard, will enable the platform to realize our vision of a “Fair-share” ecosystem. It will be used to reward and incentive all players to grow and scale the platform.
The WeGold Travel Token will fuel the growth of “PathFinders Model” to reward people aspiring to earn a living through travel, exploring and connecting the world’s most aspirational travel experiences to WEGOGO and in the process, earn WeGold Tokens.
WeGold will serve as a native currency within the WEGOOGO travel platform, enabling purchases to be made without conversion costs to various local currencies for travel activities and experiences.
Customers can purchase and be rewarded with loyalty WeGold Tokens based on their levels of usage and support. And future development projects undertaken to grow the WEGOGO ecosystem will also be funded via the WeGold Token. We aim for our WeGold Tokens to be utilized for use in other travel platforms which will encourage further adoption of WeGold Tokens.