Working Traveller describes itself as “the gap year game changer” that’s “shaking up the work and travel industry”. Now, they’re having their initial coin offering (ICO). Find out why today in our review.
What Is Working Traveller?
Working Traveller, found online at WorkingTraveller.com, is a platform that enables people to work and travel around the world. The platform teaches someone a skill, or encourages others to share their skills. Then, someone can use that skill to travel around the world while working.
They call it the “WT” lifestyle (Working Traveller). The company just announced an ICO where they aim to raise $150,000 for 10% equity in the company. The money will be put towards marketing, development, and server costs.
So far, Working Traveller claims to have 50,000 users around the world. The founders have bootstrapped the website for years and grown their social network from a community of 0 to a community of 50,000+. Today, the founders of Working Traveller operate a small hotel in the Maramures region of Romania.
The Working Traveller website specifically claims that “you will make lots of money” through their ICO. Let’s take a closer look at how the platform works.
How Does Working Traveller Work?
Essentially, Working Traveller will teach travelers a skill, then connect them with hosts who need that skill around the world. In exchange for a $10 annual fee, Working Traveller enables you to learn, earn, or teach skills as you travel the world through a global network of small businesses. Most of the site, however, appears to be free. The site is based on a “freemium” business model – so you only pay when you’re ready to learn a skill.
The platform is designed for travelers and hosts. Travelers can travel the world with newfound skills, while hosts can access a global network of volunteers and paid workers who need short-term skills.
Here are some of the key ways in which the platform works:
- Any person from age 18 to 80 can learn a skill, earn from a skill, or share their skills as they travel around the world with millions of small businesses (hosts) that have short-term skills needs that cannot be sourced locally
- Working Traveller wants to connect people who are traveling the world with unique skills with the hosts that need those unique skills
- The ultimate plan is to create, through the Working Traveller skills section, training courses that show people how to learn the skills needed by hosts
- As an example of one possible skill, Working Traveller talks about bed bug removal. It takes about a week to learn how to rid a hotel or property of bed bugs without using any chemicals (“just sugar, yeast and some know how”). A number of hotels, hostels, and properties around the world would be happy to pay someone to fix their bed bug problem.
- Ultimately, travelers can visit the world and develop their skills, then return home and put their skills to use. The person mentioned above can start a bed bug removal company when they arrive back home, for example.
So far, Working Traveller has attracted 50,000 travelers to its platform along with 4,000 hosts and 17,000 live work posts within the community. However, they claim their potential is enormous: the opportunity is huge, and there are millions of people who would love to work and travel.
How Will Working Traveller Make Money?
Working Traveller investors want to know how the company will make money. To answer that question, Working Traveller will provide free services to gain market share, then provide additional paid services and features for travelers and hosts. Like many apps and platforms available today, it’s a “freemium” business model.
Working Traveller will also make money through affiliate referrals. “The bigger the community gets the more powerful the connection becomes and the data stored on the blockchain in terms of what it can provide our users and the revenues it can generate.” Basically, they’re banking on the fact that millions of people worldwide want to use this service. They cite examples like Couchsurfing, which has 14 million users. Working Traveller is targeting a network of 20 million.
Working Traveller ICO
The Working Traveller ICO is taking place on August 24 at 5pm GMT. The ICO will last until September 8, or until 300,000 tokens are sold.
The tokens are a type of equity in the company. They’re called Working Traveller Token Assets (WRTA). They’re ERC20 compliant tokens managed by an Ethereum-based smart contract.
1 million tokens have already been issued to existing investors and founders. The total supply of all tokens is fixed at 1,999,950.
You can register for the ICO today at the official Working Traveller website.
Who’s Behind Working Traveller?
Working Traveller is led by Founder and CEO Duncan Ridgley, CTO Narcis Pap, and CFO Ben Harel. Ridgley operates a hotel in Maramures, Romania (it’s called Village Hotel and can be found at VillageHotelMaramures.com). Duncan has also written a book called Somewhere Different where he describes how he starting as a working traveler.
Duncan has already integrated the WT concept at his hotel:
“We use WT volunteers at our hotel in Transylvania where the company is based.”
Working Traveller Conclusion
Ultimately, gap year travelers and tourists spend millions of dollars a year traveling the world. Many of them would like to put their skills to use, but struggle to find a marketable skill. Working Traveller plans to solve that problem by equipping users with the skills they need, then connecting users with a network of hosts willing to pay for those services. The end result is that the user can travel the world marketing his or her skills. You can travel the world and work at the same time.
Working Traveller is preparing for its ICO at the end of August. The ICO consists of equity tokens based on the Ethereum blockchain. You can learn more about the platform today by visiting WorkingTraveller.com.