Hello! Thank you for the questions!
And what about the European market of yachts and cartography? did you make any predictions before starting the project?
The current European yachting charter business is valued at $13 billion, and is estimated to increase to $13.6 billion by 2020. BoatPilot received exclusive rights to book over 13,000 yachts from more than 1,000 operators in Europe since May 2016, making our project one of the leading players in this segment.
Currently, the European yachting market exceeds $20 billion, with the share of commercial marine cartography in Europe being approximately $154 million in 2015. It is projected that by 2020 the marine cartography segment will reach $166 million. On the other hand, the total volume of the European yachting advertising market is estimated at $100 million as of the year 2014. Don't forget that BoatPilot is also a powerful advertising platform with a very targeted and affluent audience.
when did you begin to develop this idea of the project and what did you do to the beginning of the TGE?
Following more than two years of active work on BoatPilot, our results include:
•Over 35,000 downloads of BoatPilot MVP on Google Play.
•The fastest growing audience in the yachting industry.
•Highly targeted audience with unique parameters that are available to
advertisers. Parameters vary from the type of vessel, to number of miles sailed, and
include current geographical location.
•Signed agreements with several charter and service companies.
•Exclusive rights to book over 13,000 vessels in Europe from over 1,000
participating companies.
•World’s first, free marine navigation program with highly developed functions
and regular, timely updates.
•Full coverage of the Mediterranean3
with the most precise database, with nearly
twice as many marinas listed in BoatPilot than in other marine navigation programs
(350 versus 180).
What mechanisms do you use to keep your token afloat and grow in price?
We take the following responsibilities to ensure that NAVI cost continues to rise:
•Burn all tokens used to book yachts, marinas and others through Pocket Skipper app;
•Use at least 25% of the profits raised through advertising to purchase NAVI tokens and burn at least 50% thereof for the period of 3 years after the TGE.
Kind regards,
BoatPilot team