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.
Does the Yachtco team really think that they would be capable of bringing some order to the field (yacht freighting) that had been so disorganized before? Blockchain is not a magic pill that would make everything work like a Swiss watch. In this case, it is merely a tool for streamlining the large flow of data, not a remedy that would make the entire industry click. Looks like people at Yachtco will go no further than creating an ecosystem made of the partnering companies.
The idea presented by Yachtco makes total sense, especially for those who are actively engaged in this field. It is always preferable to have a unified and diligently structured ecosystem, whether it is a yacht chartering or a business one. Although I am convinced that this project could have been well off without blockchain at its foundation. I mean that Yachtco would have done great even without the hassle of creating a token economy and integrating blockchain.
I agree that yachting, as a recreational activity, will become more affordable, so an increasing number of people will require chartering services and such. Therefore, should the things in the yachting business remain as they are today, it would create a lot of confusion, dissatisfaction, and ultimately hamper the development of this type of entrepreneurial activity. So, I think that Yachtco is looking ahead of things by trying to unify this mostly dispersed system into one functioning blockchain ecosystem. At this stage, this project might not attract the crowds of investors, but as things progress, they will get more traction and funding.
Yachtco is should be great for owners of such sea vessels, or for those who rent them on a regular basis. It is always a good idea to unify the data and services that are scattered through different sources and companies. Certainly, it is a very niche-specific project, so don’t expect to make any money with their tokens. Frankly speaking, I am only getting myself acquainted with yachting because my family wants us to spend summers at the South of France, but I seriously consider becoming a member.
Getting a yacht is my childhood dream, which I got after visiting Monaco with my family. I don’t consider buying one because it is too costly to maintain, but we do rent one when on vacation. The whitepaper of Yachtco was an eye-opener for me with regard to the problems inherent to this business, which makes me want to support this project. I have checked the background of the project’s team members and they all seem to know their business. I am not going all in with Yachtco, but their minimum buy limit is acceptable for me.
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|2||BitWings||Jun 03||Nov 30|
|3||Pbet||Jun 18||Dec 15|
|4||UCBI Banking||Oct 18||Jan 18|
|5||Cinemadrom||Feb 03||Apr 30|
|6||Yachtco||Aug 04||Feb 04|
|7||GOVEARN||Jun 23||Dec 31|
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