As part of their mission to revolutionise the future of online hotel bookings, GOeureka is pleased to introduce the GO Token!

What is the GO Token?

The GO Token (GOT) is a digital token/virtual currency and will facilitate transactions on the GO platform. Users will be able to use their GOT to purchase room nights and hotel services, as well as conduct other internal processes and payments within the GO infrastructure. It will also be possible to trade the GOT on exchanges.

How does it work?

GO will reward GOT holders for spending GOT within the GO platform by providing them with additional discounts and savings. The more GOT they spend, the greater the reward. For example;

- If token holders spend X amount on the platform within a two-month period, they will be upgraded to Silver membership status and entitled to an additional 5% discount on all bookings across the GO platform

- If token holders spend Y amount within a four-month period, they will be upgraded to Gold membership and entitled to an additional 10% discount

- If token holders spend Z amount within a six-month period, they will be upgraded to Platinum membership and entitled to an additional 15% discount

GOT holders will also be able to trade their GOT on exchanges, and like all consumers on the GO platform will have had their details (Passport/ID) captured when signing up. GO will work alongside trades to simplify the KYC procedures and make the process of purchasing tokens from any exchange that GOT is listed on, as quick and straightforward as possible.

However, as trading on exchanges will, of course, incur an exchange fee GO firmly believes the best use of GOT will be within the GO platform, unlocking additional 5–15% savings!

For example, assuming Bob has 100 GOT worth $1/token:

Scenario 1: The price of GOT is at $2/token

Bob sells GOT — Bob realises his profits from value increase (less exchange fees of 2%), earning $196 in value

Bob holds GOT — Bob has unrealised profits

Bob spends GOT on GO — Bob benefits from both value increase and 5–15% savings and will receive additional discounts and benefits

Scenario 2: The price of GOT is at $1/token

Bob sells GOT - Bob loses 2% from exchange fees, recouping $98 in value

Bob holds GOT — Bob’s investment value remains unchanged

Bob spends GOT on GO — Bob benefits from 5–15% savings and will receive additional discounts and benefits

Scenario 3: The price of GOT is at $0.50/token

Bob sells GOT — Bob loses $0.50/token + 2% fee

Bob holds GOT — Bob is rewarded for holding tokens

Bob spends GOT on GO — Bob still enjoys GO services with 5–15% savings and will receive additional discounts and benefits