WeGold (WGD): ICO Review

What is We Gold?

Like every industry, the travel market is lead by large corporations that thrive based on profitability instead of providing a fun, authentic experience towards their customers. Participants are unable to take apart of the value creation process, leaving their opinions discarded by the companies.

WeGold ICOAnd, the current travel industry suffers from multi-marginalism. This means that smaller companies are forced to give lower prices for their services. As a result, it leads to an economic disadvantage where there are longer payment cycles and a large mark up for bigger companies.

We Gold solves this problem by making an app that both consumers and businesses can profit from. The project plans to create a new cooperative travel ecosystem. People who have We Gold’s currency can transfer it to cash or hold it for more long-term profits.

Aspects

Build Trust Through Blockchain: All of the incentives are captured through We Gold’s blockchain so that it’s accessible by all Pathfinders, Travel ASPs, and WEGOGOers to build up confidence and trust within the ecosystem. Using this decentralized blockchain, every user will be able to share the growth inside the ecosystem.

We Gold Tokens: We Gold Tokens are used for utility purposes only. And these rewards were solely for advertising/promoting the travel content that’s placed on the platform. And it isn’t used for any form of purposes or passive returns which would classify it as a security.

Rewards for Content Creation: We Gold’s travel blockchain will help PathFinders to share and upload their unique experiences on the WEGOGO platform, Content contributors will obtain We Gold tokens. Smart contracts or transactions are processed through blockchain technology and the open ledger constantly record and calculates the environments.

Marketing Benefits: PathFinders will obtain We Gold Tokens for providing travel information and sharing their experiences. PathFinders who find experimental gems are rewarded with more tokens.

Token Metrics

  • Website: View
  • Whitepaper: Read
  • Fundraising Goal: $88,000,000 (Hard cap)
  • Total Token Supply: 10,000,000,000
  • Price: 1 ETH = 17,335 WGD

Bountyhive username: thetechinsider

Positives
  • Creates a New Sustainable Tourism: WEGOGO’s blockchain will use a micro-financing feature that enables PathFinders and Travel ASPs to start new, sustainable activities, It leads to a growing ecosystem and confident users. As a result, it will promote local economic development.
  • Rewards for User Participation: Users who use We Gold’s platform are rewarded in a cycle manner. For instance, the PathFinders aid the WEGOGOers by providing them coins each time they use the travel app. And the travel app rewards the PathFinders with tokens for providing information to WEGOGOers who use the platform for travel purposes.
  • Delivers Aspirational Services: Travel ASPs gain We Gold tokens by helping PathFinders and WEGOGOers have a good travel experience. If they receive high ratings from users in the system, they will be rewarded in tokens.

Negatives
  • Competition: One this ICO will face is the multitude of travel applications that are entering the cryptosphere.
  • Regional Acceptance: Since this ICO has started in China, it will take time for it to expand to the western hemisphere and obtain acceptance.

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Jeremy Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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