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.
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.
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.
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.
|Start||August 4, 2019|
|End||May 22, 2020|
|Hard cap||$22 000 000|
|Minimum investment||500 EUR|
|Tokens for sale||700000000|
|Accepting||ETH, BTC, WAVES, EUR, USD|
It is funny how guys from Yachtco try to present their affiliate websites as the project's MVP. Not a bad marketing move at all. All jokes aside, this startup is trying to tap into a largely unexplored niche of yachting, which indeed offers some prospects, though I am not sure about the successful execution. As for their token, I reckon that they should have made it into a stablecoin because the majority of people are still very suspicious of crypto tokens due to their volatility. Therefore, they might simply get scared of investing in Yachtco.
Binary_Organism May 12, 2020 Reply
I don't see any opportunities to make profits with Yachtco. Certainly, their ecosystem could be great for those who love yachting, own a boat or rent it. But it would be more like a closed yacht club that has a token with a limited scope of application. If it gets listed on a cryptocurrency exchange, the holders should expect nothing more than a short post-listing pump and then a trip to the bottom, no pun intended.
Kim Lou March 24, 2020 Reply
The yachting enthusiasts should be excited about Yachtco as it could structurize in a proper way the defragmented sector and provide the much-needed convenience of yacht freighting and other accompanying services. But if you are not into yachts or sailing, then this project is definitely not for you, especially if you are a trader looking to profit from selling crypto. The Yachtco token will hardly ever "go to the Moon" or even make it to the Top 100.
BedroZ February 15, 2020 Reply
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