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Yachtco – ICO Detailed Information


ICO Yachtco
Yachtco Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start August 4, 2019
End May 22, 2020
Rating 4.5
Status
KYC No
Founded 2018
Categories Tourism
Platform Waves
Token Yachtco
Soft cap $100
Hard cap $22 000 000
Minimum investment 500 EUR
Tokens for sale 700000000
Accepting ETH, BTC, WAVES, EUR, USD
Whitepaper Yes
Discussion
Countries Gibraltar
Social

Yachtco Overview

ICO description, Technical Details and Documents

Yachtco Redefines the Yachting & Chartering Business


Yachting is the industry which had gradually transformed from being a strictly-for-privileged type of recreation into a booming industry, the products and services of which are becoming more accessible to the representatives of the upper-middle class.

Nevertheless, the yachting and charter sector is still experiencing a lot of growth pains which consist in the sub-par booking systems and boat representation, the impossibility of choosing the skipper and the crew on most booking portals, the lack of information about the available mooring sites and marina, and so on.

There are a plethora of projects which make significant efforts in addressing those problems, but none of them have tried to seek help from the blockchain technology. None except Yachtico, a charter agency which is a subsidiary of Blackbird Group Ltd., a company based in Belize, which specializes in the provision of yacht renting and the accompanying services. Yachtico developed a unique marketplace that runs on the Waves blockchain and constitutes a key element of the charter ecosystem that connects all participants in the yachting business with dedicated customers.

The Yachtco ecosystem


Yachtco has adopted a goal of unifying the entire yacht charter industry on a single platform that will serve for the benefit of both providers and renters. By leveraging the blockchain technology, the project plans to introduce this particular sector to the game-changing payment gateway that ensures swift and low-fee transactions. The use of smart contracts will improve the management environment and afford a chance of getting a significantly improved yacht booking experience for customers.

Yachtico is a three-component ecosystem that serves as a meeting point for company’s target customers as well as yacht owners and builders, charter and booking agencies, insurance companies, and marina owners.

The first component is the platform itself which is subdivided into the following four elements:

The distribution, which regulates the B2B and B2C transactions that take place between the renters, fleet operators, mooring providers, and different websites that entered into a partnership agreement with Yachtco.

The administrative branch is responsible for the formation of pricing policies, maintenance of CMR and CMS systems, preparation of reports, and initiation of marketing campaigns.

The inventory element was designed to organize and coordinate the operations of all service providers, such as charter agencies, yacht builders, marina providers, etc.

The final element involves reservations and payment gateways, namely the Yachtico Waves DEX credit card, along with the well-defined booking and invoicing systems.

Tokenization of yacht assets


Apart from being the marketplace for the luxurious recreational water vessels, Yachtco also carries out the function of a platform where yacht owners can tokenize this particular asset. This process stipulates the use of different security tokens (not specifically the Yatchco native tokens) issued after the yacht owner exercises the tokenization option. The amount issued of tokens will always be relevant to the actual price of a vessel. The tokenized yachts are to be put to charter whilst the owners are entitled to receiving regular dividends.

The Yachtco tokens and the pre-ITO details


Yachtco is the utility tokens that interlinks all parts of the ecosystem and provides access to exclusive offers. The token holders are to be divided into five categories: from Silver to VIP, depending on the amount of tokens stored in their digital wallets. Each category provides for special perks.

The project is currently at the stage of pre-ITO, having allocated 700 million tokens for sale. The price of 1 Yachtco is 1 euro. The minimum purchase limit is set at 500 euro. There are no restrictions with regard to participation in this pre-ITO.

Author: Alex Paulson for Crypto-Rating.com

Yachtco Milestones

* Crypto Rating accepts no liability for any errors in the Yachtco ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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