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.
And, 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.
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.
- 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
- 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.
- 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.
To conclude, we believe that We Gold is a great project that helps Asian travelers have a better experience when traveling around the world. If this team completes their roadmap, then they will increase value in the travel industry while also making it more decentralized which benefits the average user who uses their platform.