AMICORUM (Latin word close to the meaning of Gathering of Friends) will be a crowdsourced blockchain-based marketplace and peer-peer ecosystem for ticket resale of music festivals and concerts. The ecosystem will provide a 0 transaction fee and 0 processing fee platform to allow music enthusiasts to buy and sell ticket.
Moreover, the team at AMICORUM will use their reserve tokens to run Reward Programs for all platform users in the first year.
AMICORUM.LIVE will be an innovative new blockchain trading platform that will disrupt the music festival/concert ticket ecosystem and decentralize the ticket re-sale markets. This ecosystem will provide a possibility for everyone to buy tickets without being affected by transaction costs and processing fees.
PROBLEMS
Even though, we have seen tremendous 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.
During the second phase, AMICORUM.LIVE will integrate authentication of re-sold tickets and provide security for the money spent on buying these tickets and ensure a mutually profitable interaction for the parties involved.
PROJECT OVERVIEW
AMICORUM.LIVE will be a web and app blockchain ecosystem that will provide secure, transparent and “0” transaction/processing fee based platform for the ticket re-sale industry – eliminating transaction costs, fraud and empowering ticket buyers.
PROCESS:
– Seller will list the tickets on AMICORUM.LIVE platform
– The platform will convert the cost of the ticket to representing value of AMI Tokens
– The buyer will review and confirm the purchase of the tickets in exchange of tokens
– The transaction is confirmed via the network and transaction information is listed in Seller and Buyer account.
– The seller receives the full amount in their corresponding wallet address without any deductions(in AMI Tokens)
– The buyer receives the tickets once the transaction is confirmed and listed on blockchain.
The platform automates all business processes related to listing, sale, re-sale, rewards and redemption of the festival or concert tickets while timely distributing the funds associated with each sale.
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.
Please visit website for further information and whitepaper – https://amicorum.live
Token Sale
TOTAL SUPPLY – 50,000,000 AMI TOKENS
HARD CAP – $20M USD
SOFT CAP – $5M USD
Private Sale – March 1, 2018 – March 30, 2018 – 30% bonus tokens
PRE ICO – April 1, 2018 – April 30, 2018 – 20% bonus tokens
Crowdsale – May 1, 2018 – June 30, 2018 – 10% Bonus Tokens
Token Distribution
80%: Total ICO Distribution – 40,000,000
15%: Reserved for Founders/Management – 7,500,000
2%: Reserved for Advisors – 1,000,000
3%: Reserved for Marketing/Loyalty Purposes – 1,500,000
ROADMAP
- Project Research & Team Formation
Oct 2017 – Dec 2017
- Website Development & Private Sale Preparation
Q1 2018
- Private Sale & MVP
March 1 – March 30
- Pre Sale
April 1 – April 30
- Crowdsale
May 1 – June 30
- Exchange Listing & BETA Platform
Q3 2018
- Additional Region Testing & Marketing Research
Q4 2018
- Global Platform Launch
Q1 2019
TEAM
Adrian Arora
Founder & Investor
Sam Kalra
CO-Founder and Head of Investor Relations
Sang Hyeon
Community Manager – Korea
Damira Baigozha
Marketing & ICO SMM – SE – ASIA
Ali Zain
Blockchain Developer
Advisor
Simon Cocking
Advisor
Muhammad Shakil
Advisor
FOR MORE INFORMATION VISIT US HERE:
Website: https://amicorum.live/
Facebook: https://www.facebook.com/amicorum.live/
Twitter: http://twitter.com/AmicorumLive
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1350925
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