AMICORUM.LIVE

INTRODUCTION

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.

What is Amicorum?

Amicorum is a project that wants to change the way tickets are being sold. They want to solve this with an innovative platform that is based on blockchain technology.

What are they trying to solve

Amicorum creates a new platform with support of blockchain technology to be used for resale of tickets for events.

This system will eliminate fraud because all tickets will be validated using a transparent and decentralized system. An innovative ecosystem that will change the way this is done today and decentralize resale of tickets with a safer protocol that verifies the identity of the buyer.

The platform could be deployed by events by using their own customized AMI token that uses smart contracts on Ethereum's blockchain.

The platform gives several benefits

Low Fees
By buying tickets through Amicorum, you will avoid to pay high transaction and processing fees.

Counterfeit Tickets
The tickets will be validated by the blockchain, so you won't have to worry about counterfeit tickets.

Second Hand Sellers
In most popular events, a few people hoard tickets once the sale starts so they can sell them for a higher price on the second hand market. With Amicorum you won't have to worry about that, as the blockchain will prevent people from cheating the system by hoarding tickets.

CHALLENGES IN TICKET RE-SALE INDUSTRY

Even though, we have seen a continuous growth in technologies and developments within the global ticketing industry, there are still a large number of problems and the two that top that chart are:

Transaction Fee – Although the seller is able to sell their tickets online, the buyer still needs to pay for the ticket, platform fee and a transaction fee that is charged by their bank. The AMICORUM.LIVE platform will take away this pain from the buyers and provide a seamless experience free from any transaction fee or bank fee. The platform will be used to sell tickets and buy tickets at the cost listed.

Untrusted/Counterfeit – Despite the usual warnings on the website asking buyers to only buy tickets from the box office or a reputable ticket exchange website, they still direly go straight into this problem. And even fuel it. The most usual case is when the same ticket is sold to 10-15 enthusiasts or even more. The first ticket holder to arrive, gets to view the event or attend the concert/festival and the rest have to just go back home.

The problem creates a two way issue – one for the enthusiasts who was keen on attending the event and spend a lot of money and other the organizers who could have sold one more ticket to the enthusiasts. At the least, there is no one winning here.

AMICORUM.LIVE will provide security for the money spent on buying these tickets and ensure a mutually profitable interaction for the parties involved.

Token

This is an ERC20 type token which means that these can be stored on an Ethereum address. The token will be released on several crypto exchanges after the ICO. According to their business plan, the final product will be launched at the beginning of next year.

The total supply of AMI is 50 million, and 40 million (80%) will be released during the token sale.

ICO

Amicorum is now implementing its token emission and has already reached its minimum requirement of 3 million dollars (soft cap). Together, they have hopes to collect a total of 20 million dollars that will be used for the development and marketing of the platform (hard cap).

The pre-sale is over in 6 hours, so make sure to be quick if you want to get discounted AMI tokens. The public ICO will start 24 hours after the pre-ICO finishes.