All contributors are required to complete our Know-Your-Customer (KYC) process by the end of the Token Sale. Following the last day of the Token Sale, contributors who have not passed KYC will be refunded their contribution amounts. Contributors who pass our verification, will be able to withdraw GO tokens to your Ethereum wallet on the last day of the Token Sale.
WHY BUY GO TOKENS
The absolute amount of 1 billion GO tokens generated during the ICO will be permanently fixed with no possible means of generating more in the future. All unsold tokens during the ICO and tokens redeemed under the “Buyer Protection” clause will be burned, thereby creating a scarcity in token supply.
In the event the price of GOeureka tokens on exchanges fall below ICO price, GOeureka will allow 0.5% of tokens sold to be redeemed each month under the following conditions:
Can be used only when the exchange prices (the bid price) of the tokens (in any exchange) is not above the ICO price.
Will be redeemed at the ICO price.
The monthly capacity if not redeemed will not be rolled over to next month.
First come first serve basis.
Rooms booked under this method can’t be cancelled.
Only redeemable for room bookings and cannot be converted to GO credits
GO token holders have multiple avenues to spend GO tokens (outside of exchanges). GO tokens can be exchanged for GO credits on the GO store. Users enjoy further discounts when spending with GO credits as they are no longer subject to merchant or payment processing fees. As GOeureka expands its GO network, token holders may start spending at retail and partner outlets using GO tokens.
As the GO network grows, the GO token will also increase in value according to the principles of Metcalfe’s law. The network effect of a larger number of hotels accepting GO tokens and the provided discounts made possible with GOeureka’s zero-commission fee structure will create a growth in the demand for GO tokens.