Starting from a general question, how many of us have actually gone online and try to search a place suiting personal taste whenever we are at new unknown destination. Almost everyone? With the evolution of Apps on mobile platforms and power of internet falling back in everyone’s hand, connecting businesses to potential customers has relatively become easier. Though there has been many startups such as Google Places, TripAdvisor, Yelp, Zomato operating in this space since past few years, but none of them have been able to make an impact at a global scale. This has been due to problems such as fake reviews registered by the restaurant itself in order to gain traffic and improve their web rankings, change of business address, lack of updation of database owing to closing of business etc. There is already overload of unorganized information on web and it is estimated that 72 million photos get added to this online database on food daily. All these issues can lead to frustrating and confusing experience for the traveller, who is solely dependant and relying on web information for his/her dietary needs.
Image Source: GastroAdvisor Whitepaper
To address this problem, the team from Switzerland has come up with a dedicated solution powered by blockchain to book, to pay and to recommend restaurants all with the help of FORK token. Not only this, one can post pictures, socialize with other community members through sharing their dining experience and in return earn tokens, which can later be used for booking a dinner or using any other services available on the platform. Depending on the personal preferences keyed in by the user and its self learning ability over time, the Artificial Intelligence engine of the platform quickly provides recommendation and search feedback.
In GastroAdvisor platform, all venue will be certified in three categories, namely bronze, silver and gold on the blockchain. Not only this, GA also plan to enable these venues to accept cryptocurrencies more regularly by bringing cryptos to mainstream and building a real world use case. Advantages of using GA solution over competitors is summarized below:
Image Source: GastroAdvisor Whitepaper
The company has a vision to be present across the world starting key European geography. This solution will be a win-win for both the restaurant owners as well as the users. The restaurant owners will be able to rope in newer customers and users can enjoy new delicacies at new places without much effort. The existing customers can also be offered customized discounts based on their preferences. GA platform will give complete power to the restaurant owners, where they can utilize dashboard for bookings management, information updation, gallery management, answering to reviews and rewarding reviews. The rewarding mechanism for different actions is completely detailed out in Whitepaper. Moreover, there will be additional GABS (GastroAdvisor Bonus Score), which will allow the holders to receive monthly percentage of FORK tokens based on GABS rate.
FORK token will be used for all transactions in GA ecosystem and is a ERC20 compliant token. Beta product launch is expected in Q2-2019, whereas the full release along with mobile App and Integrated Exchange is scheduled for Q3-2020. The total tokens on sale are 100 million tokens I.e 50% of the total supply of 200 million tokens. The rest of the tokens will be held for team, advisors, bounty, GastroAdvisor Ecosystem rewards and other marketing related activities. Token sale will be held in muli-stages as presented in infographic below and is expected to start from Sep-2018 onwards. Team member share will be having a 24-month vesting period and 25% quarterly release after 1 year of complete lock-in. The tentative token structure is detailed out as below:
Image Source: GastroAdvisor Whitepaper
Further details on this promising project can be checked at the following links:
Official Website: https://www.gastroadvisor.com/
Whitepaper: https://www.gastroadvisor.com/whitepaper.pdf
Project Telegram: https://t.me/GastroAdvisorOfficial
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Disclaimer: This article was created in exchange for a potential token reward through Bounty0x (Username: mittal2a), which may be granted on acceptance of this article.
** This should not be treated as explicit financial, trading or otherwise investment advice. Please do your own detailed research and due diligence before final investing.**
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Thanks for the same.
I hope you liked my other posts in the blog too. Whenever you have time, do have a look.