AMICORUM is a crowd sourced Blockchain-based peer-peer ecosystem for ticket resale of music festivals and concerts around the globe
Posted June 6,2018 in Other.
The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is AMICORUM is a crowd sourced Blockchain-based peer-peer ecosystem for ticket resale of music festivals and concerts around the globe.
AMICORUM is a crowd sourced Blockchain-based peer-peer ecosystem for ticket resale of music festivals and concerts around the globe. AMICORUM.LIVE is a secure and transparent processing fee based blockchain ecosystem for the ticket resale industry thereby eliminating transaction costs and fraudulent transactions.
Although only AMI tokens will be used for execution of sale of any tickets —whether it’s a buy or sell. The buyers will receive payments in AMI tokens in their account and the sellers will need AMI tokens to buy the tickets. All ticket sales will be finalized the same day of the purchase as the blockchain confirms transactions within minutes. This means you don’t have to wait for the payments to be sent from your bank to the ticket holder.
The tokens will be used in the following ways:
• For all settlements between the members of the ecosystem —ticket purchase, resale, returns
• FASTTRACK- KYC mechanism
• Internal payments to all vendors and employees
The blockchain ecosystem will be used for the platform, its visitors, buyers and sellers and KYC setup.
Once the user has created the profile and verified via KYC, they will be able to enlist their tickets for sale. The ticket holder will upload the tickets with the essential information — barcode (authenticated by the platform), their motive for sale (reason why they cannot attend ask price (higher or lower than the actual market rate) timeline for sale of the ticket and refund policy if applicable.
The buyer, who wants to buy the ticket, logs in to the platform and searches for the event. The Re-Sale tickets will be displayed in the initial order of relevance, price and other information. The buyer will go either make an offer to buy the ticket at the price listed via the AMI tokens and once there are several confirmations for that particular transaction on Etherscan, the ticket will be automatically named to the new buyer. So essentially, there is no third party to handle the exchange.
AMICORUM (Latin word near the significance of Gathering of Friends) is a market of ethos-based bars and various associate companion ecosystems for the offer of show tickets and music. The ecosystem will give 0 exchange handling and 0 platform preparing expenses to empower music fans to purchase and offer tickets.
Amid the second stage, AMICORUM.LIVE will coordinate re-sold ticket validation and give security to the cash spent to buy this ticket and guarantee common cooperation for the gatherings included.
AMICORUM.LIVE will be a web blockchain ecosystem and application that will give exchange handling/exchange preparing platforms that are protected, straightforward and "0" for the ticket deals industry - consequently dispensing with exchange costs, extortion and enabling ticket purchasers.
The seller will list the tickets on the AMICORUM.LIVE platform
This platform will change the ticket fee to represent AMI Token value
Buyers will review and confirm ticket purchases in exchange for tokens
Transactions confirmed through the network and transaction information are listed in both Seller and Buyer accounts.
The seller receives the full amount in his corresponding wallet address without any deductions (in Token AMI)
The buyer receives a ticket after the transaction is confirmed and registered in the block.
The platform automates all business processes associated with listing, selling, reselling, rewards and redemption of festival tickets or concerts while distributing timely sales funds.
All ticket sales will be completed on the same day as the purchase because the blockchain confirms the transaction within minutes. This means you do not have to wait for payments to be sent from the bank to the ticket holders.
Amicorum Project.Live ICO
Live ICO creates a fully decentralized platform and peer-to-peer network for reselling tickets to festivals and concerts. The entire domestic economy is built on AMI tokens, which are used to buy/sell tickets. Amicorum is a new platform for people who love music, theaters, exhibitions, etc
The platform is a cryptocurrency environment that is being developed to create a reliable community for music lovers. The word "Amicorum" comes from Latin and means gathering friends. It is a chain-based P2P system that is designed to help people buy and sell tickets to music events and festivals as well as concerts around the world.
Anyone who buys tickets can do so with an AMI token.
Expert evaluation of the project
Many experts claim that this platform will become a safe and transparent processing system that is based on blockchein technology.
Thus, the specialists of this project want to eliminate transaction costs and fraudulent transactions.
This company has commercial value, which is very special in every exchange. Providing convenience to potential investors is one of the things encryption companies can classify in the world, but it provides clear and detailed details and at the same time is a roadmap that determines whether the company is really paying attention to future investors - potential.
If you are looking for a market as a place to negotiate currencies, this is a solution you can take as one of the main options of a cryptographic trading market based on the blockchain platform. It is equipped with the latest technology of blockchain platform.
AMICORUM.LIVE Is one of the commercial currency markets and exchange cryptography through a market democracy system that has great benefits for shareholder profits.
AMICORUM.LIVE here it has an advantage that can be explained better than other markets as a place to trade with cryptography.
AMICORUM.LIVE creates a new trading platform based on successful blockchain techniques that demonstrate the market and change the functioning of the financial ecosystem. This system uses its platform counterparts to support the negotiation process on some types of incredible assets. In addition, this platform also uses its own crypto-currency known as a trade Token.
Developers hope to create a huge target on liquidity, which support the operation of Token to help the owners of the tokens.
The goal of the platform
Become a leader in converting a variety of financial assets with blockchain technology. Once you decide to join this negotiation site, I am sure that thanks to the experience and creative ideas of the founder, you can continue to invest and start exchanges or exchanges that will surely provide you with great profits and benefits for you personally.
The market for the resale of tickets
According to a recent study, the market for secondary tickets is constantly growing, and this value will only increase in the period from 2016 to 2020. More and more people attend concerts, and their number is constantly increasing. The average growth rate of the market is expected to be about 6.92%, as a result of which the industry will be estimated at $ 24.55 billion per year by 2021.
As a rule, the secondary ticket market is popular in the following areas: sports events, concerts and festivals, theaters, cinema. According to statistics, in 2016 the resale market amounted to $ 8.9 billion, and the most popular category was sports.
Tasks Of Amicorum.Live
Creating a user account (seller / buyer);
KYC and other verification mechanisms;
The decentralized exchange of tickets between the seller and the buyer;
Full protection of information using blockchain;
Clearly defined conditions for the resale of tickets.
The benefits of the project:
The lowest prices on tickets;
The official site has a simple and intuitive interface, which can be dealt with in just a few minutes;
There is no Commission for sellers, which will make most people sell their tickets this way;
The platform is ready to work closely with many companies in our territory, which will allow to sell tickets faster and on more favorable terms for everyone; responsive administration, which is ready at any time to help its users.
The sequence of sale of tickets via Amicorum.Live:
After identification, the seller publishes information about the ticket (concert details, details) and connects them to the wallets.
With the help of third-party API, the platform confirms ownership of the ticket and helps with ticket sales (the process is implemented on a smart contract).
Buying tickets has several differences
A person should choose an event and a ticket, connect to the platform with a verified Identity and send a purchase request.
After the transfer of funds to the seller, the ticket is moved to the user's wallet, and is ready to use.
TOKEN SALE AND ICO
Token name: AMI.
Token price: 1 AMI = $ 0.5.
TOTAL SUPPLY - 50.000.000 AMI TOKENS
HARD CAP - $ 20 million USD
SOFT CAP - $ 5 million USD
Private Sale - March 1, 2018 - March 30, 2018 - bonus bonus 30%
PRE ICO - April 1, 2018 - April 30, 2018 - 20% token bonus
Crowdsale - May 1, 2018 - June 30, 2018 - Bonus Token 10%
80%: Total Distribution of ICO - 40,000,000
15%: Reserved for Founder / Management - 7,500,000
2%: Reserved for Adviser - 1,000,000
3%: Own Marketing Objectives / Loyalty - 1,500,000
MEET THE AMAZING TEAM
Muhammad Shakil: Counselor
Adrian Arora: Founder & Investor
Sam Kalra: Founder and Head of Investor Relations
Kanwar Arora: Head of Financial Analysis
Sang Hyeon: Community Manager - Korea
Damira Baigozha: Marketing & ICO SMM - SE - ASIA
Ali Zain: Development of Blockchain
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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