AMICORUM is a crowd sourced Blockchain-based peer-peer ecosystem for ticket resale of music festivals and concerts around the globe
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.
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.
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.
How the project works
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.
- 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.
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.
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
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