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Yachtco

Yachtco is a platform that joins the entire yacht charter industry under one roof.

It is an ecosystem and a marketplace that allows all users to connect, plan sailing holidays efficiently and quickly, save money and participate in a dynamic community.

Where is the pain?

There are several issues in the current yacht charter business that can be addressed for all parties involved. These are the current main problems being faced by the yacht charter business that we´ve come across, having been involved in the yacht charter business for several years:

Problems

Here are the main problems that guests looking  to book a boat face today:

  • Guests do not have any information on who their skipper is  until they meet him/her on the boat – even if they have booked the boat six to nine months in advance
  • They have no means of selecting their own skipper – based on past clients reviews. The selection of their skipper is done by a boat manager or charter agency. This selection system causes a lot of stress on the client.
  • They do not have access to data from marinas on free berths
  • They do not have easy online access to all marina and mooring prices
  • They have no easy way to reserve a spot in the marina online or via a mobile app
  • They can’t access details on the condition of the boat – all they see are a  couple of pictures, which are very often manufacturers’ stock photos. So guests are not even able to realise, if a boat is 10 years old.
  • They’re not able to post and view reviews on boats, skippers, hostesses and fleet operators. Posts and reviews can only be found on Tripadvisor and on fleet operators websites where they can be easily modified.
  • They have no way of securing their payments: What if a boat is in a bad condition? What if their skipper is not doing their job well?
  • They are required to put down a big sum of fiat money as a security deposit for a chartered boat. Security deposits range from 1.000 to 5.000 EUR.  The majority of them are in the region of 3.000 EUR.
  • Boat owners and boat managers are fragmenting the price. The majority of them  list the price for the boat and then charge customers many extras for services like final cleaning, outboard motor, water toys like stand up paddle board, snorkelling equipment, fishing equipment, kayaks, … This puts a lot of stress on inexperienced guests while they search for a suitable boat within their set budget.

The majority of boat bookings is done by guests through website portals (OTAs) and charter agencies upon submitting a quote form online, sending an email inquiry or telephone call. Website portals and charter agencies then search for an available boat for their client/guest through fleet operators that manage boats for boat owners. So in a way website portals and charter agencies are also customers and they are facing the same problems as stated above.

  • No complete and transparent booking system with secure and cheap payment
  • Not all boats are presented in real time
  • Possibility of double bookings
  • Bad boat presentation on websites
  • No information on skippers  before booking on websites
  • Expensive money transfer fees
  • Security deposits with cash or credit cards with no dispute system
  • No way of selecting their own skipper
  • No easy access to data from marinas and moorings on free berths
  • Complicated to reserve a spot in a marina or mooring place
  • No way of knowing the  condition of the boat
  • Cannot post reviews on boats, skippers, fleet operators, marinas and moorings in one place
  • No way of securing payments
  • Fragmented price on complete charter – creating extra work and stress for customers
  • Pre-payment for boats and skippers with no dispute system
  • All marketing is  left solely up to them
  • Costly real-time availability (booking data) from booking systems
  • Expensive booking systems access
  • Existing booking systems tend to be slow and sometimes nonfunctional
  • Getting crew lists from customers and to fleet operators in a secure way
  • Bad boat presentation on websites
  • Getting customers is expensive (expensive marketing)
  • They can – not compete with big portals/sites
  • No flexible booking system
  • Low quality boat data presented with few  boat details
  • Hard time implementing payment systems
  • Expensive payment systems
  • Double bookings – mistakes made by  fleet operators
  • Options canceled by fleet operators – due to different reasons
  • Double bookings from different systems
  • Different booking systems that they have to use – creates many chances for error
  • Getting online crew lists from charter agencies and their customers
  • Existing booking systems are expensive
  • Time-consuming office work/paperwork
  • They want direct connections to crew lists to be submitted by the  agency/ guest and sent to authorities
  • No connection to different booking systems
  • No booking system that is flexible enough to support their business process
  • Paying a lot in fees for POS systems for money transactions
  • Paying a lot in fees for POS systems to make security deposits
  • They want more bookings done directly and keep charter agency provision
  • They want more bookings for unbooked boats
  • They have limited access to data that helps them get insight in real time on what is going on with their boat
  • No complete financial data
  • No complete boat management costs
  • Not enough bookings
  • Expensive boats
  • Expensive maintenance
  • Limited access to data in real time
  • No access to data on completed boat repairs and expenses
  • They want more bookings for their boats
  • No booking portal for skippers and hostesses
  • No way to present free time – gig availability
  • No review portal
  • Payments can be late
  • No easy online public data on the number of free spots
  • No easy online data on free spots when boat is out
  • No online berth booking system that guests can use
  • No real data about boat condition
  • No real data on maintenance done
  • No data on weather and boat location
  • No data on skipper
  • Small investors do not have access to boat investments
  • It is really hard to get and compare all offers for a single boat from a vast majority of boat selling agents
  • Low quality boat data presented with few boat details
  • Hard time implementing payment systems
  • Expensive payment systems
  • Double bookings
  • No data-clearing system
  • Competing with each other
  • Hard to use
  • No connection sometimes
  • Slow servers
  • Data on bookings get lost
  • They use outdated technology

From all the above-mentioned problems, all parties involved face the below problems, which we think are the most crucial:

  • Transaction costs are high. Everything goes through banks. Mostly with wire transfer. Sometimes with credit card payment – which is even more expensive (adding 4-7% on top of charter price)
  • Bookings are cancelled
  • Boats are double-booked
  • Options are cancelled before expiration dates. For example because a boat owner decides to go sailing despite the fact that the boat was listed as free a day before and the option was made for client.
  • Customer need to pay for their boat at least four weeks before charter, which puts extra pressure on customers. Customers are concerned about: What if the charter company is a scam? What if there is no boat? What if the boat is in bad condition?

Absence of a unified resource for yacht charter industry. Yacht charter service providers have to make themselves visible on a large number of individual resources (Booking Manager, Nausys, Sedna and even Booking.com, Lonely Planet forum, ThornTree, TripAdvisor, guidebooks, Wikitravel, etc.), but so far there is no single resource, website, or platform that could serve as the main go-to hub for guests, sailors, and service providers alike, providing all types of yachting services while charging low fees, and thus attracting truly vast numbers of clients.

All the issues described above could be resolved if only yacht charter service providers had a better channel for promoting and selling their services to tourists directly. A single resource that could ensure good communication, a straightforward advertising process, secure payments, low fees, and reliable information would signify an enormous step towards the creation of a new, efficient, and innovative model of yacht charter business.

Solution

We are utilising a hybrid of three business models. One is a platform for all parties involved in the charter business, allowing them to connect, add trust with smart contracts and ease payments with cryptocurrency. The second one is a platform for tokenizing yacht assets that allows users to benefit from profit-sharing from boat bookings. And third one is a yacht charter management programme.

Platform

Yachtco is a platform that joins the entire yacht charter industry under one roof. Our end game is to disrupt the yacht charter industry as we know it – by becoming the biggest global yacht marketplace.

Yachtco is Yachting Marketplace and Charter Ecosystem directly connecting all leisure yachting participants on one platform: Guest, Fleet operators, Charter Agencies, Skippers and Hostesses, Website portals (OTAs), Boat owners, Marinas and mooring providers, Booking systems, Yacht builders, Boat investors and Insurance companies.

The Yachtco Platform is designed as the ultimate solution to the issues plaguing both guests and yacht charter service providers: It is an ecosystem and a marketplace that allows all users to connect, plan sailing holidays efficiently and quickly, save money and participate in a dynamic community.

Tokenization

A platform for tokenizing yacht assets.

Small investors will have access to boat investments.

Security tokens are the inevitable future of token offerings. Combining the best elements of traditional financial markets with advantages of the new technology they will enhance the level of investors’ trust and increase the attractiveness of Security Token Offerings.

Each time a yacht is being tokenised, we issue certain new tokens (not Yachtco tokens, but different tokens!):

  • Each time we issue a number of tokens that will represent a purchase price of a yacht
  • Yacht will be put to charter
  • We will run charter management (Croatia, Caribbean, Greece,….)
  • Token holders will be entitled to yacht proffits
  • Token represents the underlying company share and a share of boat ownership (separate company, not Yachtco)
  • Each boat can have its own company (boat ownership as legal entity is recommended for tax benefits)

Management

Yachtco charter management program will be a part of Yachtco project. Charter management program will be presented on dedicated website boatinvest.com – for more effective marketing.

For the purpose of charter management we will buy some sailboats and catamarans, open a base in marina (in Croatia for starters) and start offering chartered sailing holidays on our boats. Boats will be offered in our websites and with our partner charter agencies.

Yachtco Ecosystem

The Yachtco platform is created as a revolutionary charter ecosystem that will bring together travellers and charter service providers from all across the globe. It is both an ultimate resource  for organising sailing trips – from building an itinerary to renting a boat, from hiring a skipper to booking a marina and a dynamic self-organising community, where guests and yacht charter specialists can do much more than sell or purchase services.

Target customers

We see the yachting ecosystem as a network of:

  • Fleet operators
  • Charter agencies
  • Skippers and hostesses
  • Website portals – OTAs
  • Boat owners
  • Guests / sailors
  • Marinas and mooring providers
  • Insurance companies
  • Booking systems
  • Boat investors
  • Yacht builders

 

Yachtco features boats, skippers, charter agencies, cooks, booking agencies, insurance companies and marina profiles and offers various tools for all of them. Being a part of this online ecosystem allows these entities to easily expose themselves either to the general public or to a targeted audience.

Profiles are also equipped with contact information that enables users to engage among themselves and thus pursue different business opportunities, which makes Yachtco a perfect networking tool and business platform.

Yachtco is a platform that joins the entire yacht charter industry under one roof. It will act as IMDB for yachts and crew, where profiles are ranked according to their online popularity. It will be built and curated by the Yachtco user community.

 

Dedicated websites connected to platform

For more effective marketing, we will build a dedicated websites for various services that will be provided on Yachtco platform:

  • Skipperbook.com ;
  • Boatmanager.com ;
  • Boatinvest.com ;
  • Catamaranrental.com ;
  • Catamarancity.com ;
  • Guletcity.com ;
  • Luxuryyachtcity.com ;
  • Marinaberrthbooking.com ;
  • Marinaberthbook.com ;
  • Skipperbook.com ;
  • Skippercity.com ;
  • Top100yachts.com ;
  • Yachtco.app ;
  • Yachtco.net ;
  • Yachtcoboats.com ;
  • Yachtlettings.com ;

All partners will have the same ability to present fleets with real-time boat and crew booking availability or other services provided by Yachtco and partners on their own websites – via API and XML data sharing.

Why blockchain?

The actual reason why blockchain make sense is not the ability to put simple data onto the system. You do not really gain any significant advantage by doing so. In an enterprise environment, blockchain is often perceived as just another type of database technology for data input and permanency of that data be used to (know as immutability).

So why does permissioned blockchain make sense? This is usually considered within the framework of the business/enterprise environment, where it helps facilitate a certain business logic in a more decentralised way. It’s not exactly about putting some data in some fancy database, it’s more about implementing the very logic of business in a way less prone to corruption providing an enhanced transparency level. So it’s more about smart contracts.

We can bring a new level of transparency and flexibility to the yachting industry, together with a host of other new features by bringing the transactional business logic of applications into this new decentralised environment.

Who benefits from Yachtco Ecosystem?

Customers / sailors will be able to:

  • Search and book boats
  • Own an extensive representation of boats with pictures, video, boat data, real-time availability and prices
  • Add extras like skipper, cook, etc. to their offers
  • Choose among skippers, crew and cooks based on ranking profiles
  • Add extras like outboard motor, stand up paddle board, etc.,
  • Check invoices and see booking details
  • See charter-base details
  • See and make reviews: skipper, boat, owner, base, agency, marinas
  • Manage crew list
  • Pay for the chartered boat and crew with fiat and crypto

Fleet operators will be able to:

  • Insert boat data (technical info, pictures, extra equipment,etc.)
  • Manage boats real-time availability and prices
  • Manage bookings
  • Issue and manage invoices
  • Mange payments/overdue payments
  • Manage crew list
  • Manage base info and data
  • Maintain boat maintenance details
  • Get payments from charter agencies or customers
  • Reply to reviews

Charter agencies and sales partners will be able to:

  • Use our booking data to put boat offers to their websites with real time pricing and availability
  • Use our back-end booking system to find boats for their customers
  • Create bookings directly in the system
  • Manage bookings
  • Issue and manage invoices
  • Manage crew lists
  • Collect payments from customers
  • Pay  boat managers
  • Reply to reviews

Boat owners will be able to:

  • See and check boat maintenance data
  • See and check boat maintenance cost
  • See and check boat maintenance documents
  • See and check boat bookings
  • Make their own bookings (for family)
  • Get interest on their investment
  • Invest
  • Reply to reviews
  • View insurance policies and other boat documents

Skippers, crew and cooks will be able to:

  • Manage their availability
  • Manage their prices
  • Manage their bookings
  • Reply to reviews
  • Collect payments

Marinas will be able to:

  • Add and manage their offers
  • Reply to reviews
  • View boat technical data
  • View crew data
  • Accept booking for free berths
  • Add and manage listings for free berths
  • Collect payments

Insurance companies will be able to:

  • Add their offer
  • Manage insurance policies
  • View boat data
  • View crew data

Benefits for Yachtco token holders

Yachtco token is the central element of Yachtco system, integrating all components of the ecosystem and platform. All tokens will be issued in the course of token crowdfunding, with no possibility of additional emission.

The project token is UTILITY TOKEN, used for internal functioning of the platform, giving access to defined services, depending on number of tokens held by the user.

Token owners get advantages at each stage of project implementation as per number of held tokens. Some Yachtco services are open for token owners on exclusivity conditions, and the operating fees will be charged depending on number of owned tokens. For the rest of the clients, having no tokens, Yachtco will render services on standard conditions and rates. Depending on the number of tokens owned in the project ecosystem, each owner will be assigned on of the five statuses: Standard, Silver, Gold, Platinum or VIP. Requirements to ownership volumes will change dynamically.

To obtain the statuses, the below rates will be applied at the end of token crowdsale stage A:

 

Standard Silver Gold Platinum VIP
Holding period Not less than 160 days per year
Number of tokens required for assignment of status 1000 YACHTCO 6.000 YACHTCO 90.000 YACHTCO 600.000 YACHTCO 2.000.000 YACHTCO
Our boat price standard rate 10% 20% 35% 50%
Discount on skippers, hostesses and cooks standard rate 1% 2% 4% 7%
Discount on our partner boats standard rate 1% 2% 3% 5%
Transaction fees standard rate 10% 20% 35% 50%
Advertising fees standard rate 10% 20% 35% 50%
Use of platform all services all services all services all services all services
Airdops participation no yes yes yes yes
Priority check in on our boats yes yes yes yes yes
Free outboard, stand up paddle, kayak, snorkeling equipment, kneeboard on our boats yes yes yes yes yes
Dedicated booking and platform assistant no no yes yes yes
Dedicated concierge (phone, email, in person assistance with booking and travel plans) no no no yes yes

Yachtco: enterprise class service and utility token

Real people with real experience;

Real company with real offices;

Real team with real full-time hands-on effort;

Real money from the founder, as much as from the private investors;

Real product, not just coded in GitHub, but live, with users, a live community, not today, but for many years;

Real revenues already coming in, month on month, not just a loss-making-forever-trillion-dollar-opportunity.

Roadmap

You can find a better roadmap layout here.

  • June, 2007

    Some of Yachtco’s team members start sailing in Croatia with family and friends

    Some of Yachtco’s team members start sailing in Croatia with family and friends

    June 23, 2007
  • August, 2014

    Idea for charter agency

    Idea for charter agency

    August 23, 2014
  • October, 2014

    Blackbird Group Ltd was founded (sister company),
    Signed first contracts with partners,
    1000+ boats available worldwide

    Blackbird Group Ltd was founded (sister company),
    Signed first contracts with partners,
    1000+ boats available worldwide

    October 23, 2014
  • November, 2014

    SkipperCity.com was launched

    SkipperCity.com was launched

    November 23, 2014
  • December, 2014

    First customers signed a contract with us

    First customers signed a contract with us

    December 23, 2014
  • April, 2015

    First customers went sailing with us

    First customers went sailing with us

    April 23, 2015
  • September, 2015

    Visited International Charter Expo,
    Signed more contracts with partners,
    2000+ boats available worldwide

    Visited International Charter Expo,
    Signed more contracts with partners,
    2000+ boats available worldwide

    September 23, 2015
  • October, 2015

    Launched GuletCity.com and LuxuryYachtCity.com

    Launched GuletCity.com and LuxuryYachtCity.com

    October 23, 2015
  • July, 2016

    Idea for Yachtco
    Start of research and concept development

    Idea for Yachtco
    Start of research and concept development

    July 23, 2016
  • August, 2016

    Blackbird One Ltd. founded in Gibraltar

    Blackbird One Ltd. founded in Gibraltar

    August 23, 2016
  • September, 2016

    Visited International Charter Expo,
    Signed more contracts with partners,
    3000+ boats available worldwide

    Visited International Charter Expo,
    Signed more contracts with partners,
    3000+ boats available worldwide

    September 23, 2016
  • January, 2017

    Signed more contracts with partners,
    7000+ boats available worldwide

    Signed more contracts with partners,
    7000+ boats available worldwide

    January 23, 2017
  • February, 2017

    Websites redesign

    Websites redesign

    February 23, 2017
  • September, 2017

    Visited International Charter Expo

    Visited International Charter Expo

    September 23, 2017
  • January, 2018

    Team Creation,
    Idea and concept finalisation

    Team Creation,
    Idea and concept finalisation

    January 23, 2018
  • July, 2018

    Brand design

    Brand design

    July 23, 2018
  • October, 2018

    Yachtco Trademark application filled
    Yachtco token created on Waves platform

    Yachtco Trademark application filled
    Yachtco token created on Waves platform

    October 23, 2018
  • November, 2018

    Visited International Charter Expo and tested the market by presenting idea to our partners

    Visited International Charter Expo and tested the market by presenting idea to our partners

    November 23, 2018
  • December, 2018

    White Paper finalisation

    White Paper finalisation

    December 23, 2018
  • February, 2019

    Yachtco.io Token Presale Crowdfunding starts,
    Crowdsale marketing,
    Publish Yachtco website,
    Set up community, social media and content channels

    Yachtco.io Token Presale Crowdfunding starts,
    Crowdsale marketing,
    Publish Yachtco website,
    Set up community, social media and content channels

    February 23, 2019
  • March, 2019

    Community growth

    Community growth

    March 23, 2019
  • July, 2019

    Ready beta app
    Conclued of preliminary agreements with partners,
    Get first boats onto platform

    Ready beta app
    Conclued of preliminary agreements with partners,
    Get first boats onto platform

    July 23, 2019
  • August, 2019

    Yachtco Token Crowdsale Series A starts

    Yachtco Token Crowdsale Series A starts

    August 23, 2019
  • September, 2019

    Visit International Charter Expo,
    Sign more contracts with partners,
    Early access launch,
    Platform test phase,
    Order boats

    Visit International Charter Expo,
    Sign more contracts with partners,
    Early access launch,
    Platform test phase,
    Order boats

    September 23, 2019
  • October, 2019

    Commercial launch of the project

    Commercial launch of the project

    October 23, 2019
  • March, 2020

    Setup a base in marina,
    Boat delivery in marina

    Setup a base in marina,
    Boat delivery in marina

    March 23, 2020
  • April, 2020

    Crowdsale Series A ends,
    Delivery of Yachtco tokens to crowdsale participants,
    Yachtco tokens starts trading on DEX exchange

    Crowdsale Series A ends,
    Delivery of Yachtco tokens to crowdsale participants,
    Yachtco tokens starts trading on DEX exchange

    April 23, 2020

Token Economics

Token name: Yachtco
Ticker: Yachtco
Type: Utility token
Blockchain: Waves platform
Total supply: 1.000.000.000
Available in token crowdsale: 700.000.000
SoftCap: No Softcap
HardCap: Presale: €2M, Series A: €20M
Pre-sale price: 0.10 EUR
Series A price: 0.20 EUR
Accepted currencies: Crypto (ETH, BTC, WAVES, ETC, BCH, ZRX,
BNT, BNB, LTC and ZEC) and fiat (EUR, USD, YPJ, CAD and GBP)

Crowdsale prices

  Token price Minimum purchase Available tokens
Presale 0,10 € 500,00 € 20.000.000
Series A 0,20 € 500,00 € 100.000.000
Series B TBD 500,00 € 120.000.000
Series C TBD 500,00 € 100.000.000
Future rounds TBD 500,00 € 360.000.000

Yachtco Token Distribution

Yachtco tokens will be distributed as follows:

  • 70% crowd sale – ITO (all stages)
  • 20% start up team
  • 5% affiliate bonus program
  • 2% advisors
  • 2% bounty program
  • 1% airdrop

Use of Funds

Collected funds will be used for:

  • 50% marketing, promotion and new clients enquiries
  • 20% product development
  • 5% legal
  • 5% business operations
  • 10% business development
  • 10% other activities

Yachtco team

The Yachtco team is distinguished by entrepreneurship and dedication to everything that we do. Our experts have more than ten years of experience in the yachting industry, graphics and design, Big Data management, analytics, mathematics, marketing, international relations and sociology.

Yachtco is a team of like-minded people; enthusiasts who are passionate about a common cause, connected by common interests, moral principles, values and a similar active life position.

Our team has clear goals, and relations between people in the company are characterised by a high degree of trust. Decisions are made by consensus or, if there are alternatives, after obtaining the consent of all team members. We will expand our team as soon as possible - after token crowdsale - with experts in various fields from online marketing, sales, development, etc. For now, our team looks like this:

(*NOTE: We also have nine skippers that work with us on a contract basis. We did not present their profiles here.)

 

meet our team

Miha Kos
Founder and CEO

Miha is an entrepreneur with a background in business, technology, marketing and finance. He is also a skipper with a Yachtmaster licence and VHF GMDSS licence.

Founder of Blackbird Group Ltd and Blackbird One Ltd - successful and profitable yacht charter companies.

Ian Scarffe
Consultant / Strategist

Ian Scarffe is a serial entrepreneur, investor and consultant with business experience from around the world.

As a leading entrepreneur, Ian is on a personal mission to develop a culture of entrepreneurship, helping startups achieve their full potential as well as helping to expand existing companies.

Ian has founded ‘Binkplus’, a startup incubator in Europe. A leading expert in Bitcoin, Blockchain and Crypto industries, Ian is at the very heart of  revolutionising the financing industry across the globe and currently consults and advises for a range of multi-million dollar companies.

Jure Rejec
Marketing Manager

Jure has a profound understanding of both ends of the media spectrum, having spent seven years as a journalist, and four years as a B2B marketing and public relations professional.

Over the years he developed top-tier media relationships, having attained a media presence in over 100 news agencies and media houses, including Yahoo News, Associated Press, Huffington Post and others.

He has a knack for successful content marketing, creative media strategies and brand building.

Anthony Abunassar
Consultant / Strategist

Anthony built his career in the world’s most prominent financial institutions. PWC Banking Advisory, Rothschild & Co, Goldman Sachs and JPMorgan. His expertise now being the world of cryptocurrency and ICO investing. His pedigree in finance is unparalleled.

Jure Artiček
CTO

Jure is an expert in software development of various flavour (embedded, desktop, web) and in different programming languages/tools ASM, C, C++, PHP, Java, Talend, UML, ...). He also has much experience in R&D and project management.

Anja Plešič
CFO

Anja has years of experience in finance. After graduation from business school, she ran the accounting department for Blackbird Group Ltd., Blackbird One Ltd. and now Yachtco Ltd.

Jure Kos
System Engineer

Jure is an IT expert in system engineering with the ability to create and deliver solutions tied to business growth, organisational development, and system/network optimisation.

He's a skilled problem identifier and troubleshooter and is comfortable managing systems and projects in a range of IT environments. With more than ten years of experience working across different platforms, he possesses a wide range of skills in system development, installation, configuration, upgrading, and maintenance.

Matic Justin
Graphic Designer

A good hybrid between web designer and front-end developer.

Satya Šebenik
Social Media Manager

YURY DZIATLAU
Bounty Manager

Responsible, committed and creative community manager.