Dear WeGOGOers,

Firstly, Team WeGOGO would like to thank everyone for all your support the past couple of months!

It has been an exciting journey as we were meeting institutional investors as well as various exchanges. All this while continuing work on the WeGOGO platform, which we are happy to share, has garnered over 170,000 WeGOGOers and generated over 6,000 transactions on our beta. We like to take the opportunity to inform you that our ICO has been extended to 31 October 2018, with a reduction of our hard cap to US$28 million and soft cap of US$500,000.

7% Club

We have been very encouraged by our discussions with various Crypto Exchanges where we are planning to list WeGold. Responses have been positive especially since WeGold is a utility token that could be bought and sold by investors as well as users who want to purchase our travel offerings on WeGOGO. Exchanges have shared that in the past few months, only 7% of over 800 ICOs were successfully listed, and we check off all the boxes to be one of them. In fact, we are in the final stages of confirming our listing and an official announcement will be made soon.

First Things First

Based on the advice given by the exchanges, we decided to focus on developing the blockchain for our WeGOGO platform as our immediate priority. This will require only US$28 million in funding, and also get us listed sooner.

It has always been the team’s vision to finance entrepreneurial long-tail aspirational travel projects, and that hasn’t changed! Based on our timeline, our micro-financing was not due to kick-off until 2020 anyway, so we will not have to immediately raise funding of US$60 million that was meant for that.

Institutional Investors

In our private sales efforts, we have been engaging numerous potential institutional investors. Some of them are conducting the necessary due diligence and have requested more time to finalize their assessment and valuation. Guess we will never say no to big money.

Partnerships

As you may know, our WeGOGO platform is already up and running, we have partnered with over 5,000 travel service providers in 12 Southeast Asian islands. We have attracted the interest of other travel players including airlines. As much as we dislike NDAs, we just have to zip it for now. But we hope to announce some exciting partnerships come September.

“I’m a Backer, What Now?”

We got your back! The tokens being issued will remain unchanged. But with the reduction of the hard cap, the value per token will be revised. For those of you who have subscribed to our ICO, your original investment will now entitle you to additional tokens based on the new price!

We will be in touch with you shortly to officially inform each of you, and also to offer you some options. As there are hundreds of you, please bear with us as we will take some time to reach out to you guys individually.

Airdrops

Likewise, good news for those of you who earned WeGold via Airdrops. You will also be receiving more WeGold than previously! Look out for our email to you as well!