Waygoz is an online platform that allows you to trade video games for free based on a points system which represents the trade value of each game. Then you meet up with your fellow trader at a designated location such as Starbucks or Tim Hortons when you've made a successful trade.
Waygoz Product Manager Josh Kerbel said that a lot of people have been ripped off as there is low trade-in valuation at stores like Best Buy, Gamestop and EB Games and he wanted to change that in a $2.5 billion dollar used video game industry.
It's a disruptive idea similar to Traydo, a Next 36 product that is a hyperlocal mobile marketplace that also forces users to meet up in person to make the exchange at designated locations for safety purposes.
Waygoz is exclusively for video gamers though, and has already 700 people signed up in three weeks. They are targeting 10,000 users by the end of the year, and the small active community has already produced the availability of over 400 video game titles. Kerbel adds that most video game users have only ever played 5-10 games on their console, and Waygoz offers an opportunity for video gamers to diversify their gaming experiences.
Waygoz is currently focusing on building their user base in Toronto for now, but will soon go across North America.