AMICORUM.LIVE is a platform for the people, by the people and of the people.
AMICORUM (Latin word close to the meaning of Gathering of Friends) is a crowdsourced blockchain-based marketplace and peer-peer ecosystem for ticket resale of music festivals and concerts. Buyer’s (Festival/Concert enthusiasts) will be able to buy tickets (that are re-sold) with the AMI token (the new cryptocurrency based on Ethereum blockchain) from the Sellers at 0 transaction fee and 0 processing fees.
AMICORUM.LIVE will be an innovative blockchain ecosystem that will disrupt the music festival/concert ticket ecosystem and decentralize the ticket re-sale markets.
MARKETING ANALYSIS & SCOPE
According to a recent research, the global market for secondary tickets is expected to exhibit significant growth during 2016-2020 forecast periods and is positively affected by the recent increase in the number of festivals and concert events.
It reveals the compound annual growth rate (CAGR) of the live music ticketing sector will average 6.92% from 2016 to 2021, reaching a value of US$24.55 billion in 2021.
The market research analysis categorizes the global secondary tickets market into four major segments based on event. They are:
• Sporting events
• Concerts & Festivals
Below is a Ticket Sales Turnover for 2016:
After market analysis, we have seen that there are no competitors in this space to launch and run such a platform based on real time crypto currency value. This will be the first of its kind.
Other fiat currency competitors include – VIAGOGO, STUBHUB, and FESTICKET etc. In comparison, the team at Amicorum provides a safe, transaction charge free and interaction based experience with authentic tickets that are re-sold in the market.
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.
View from ticket re-sale buyers in social media:
“We paid over 1.5 times the price than the normal ticket and still could not get entry into the festival. We had to return from the gates and when we tried reaching the ticket re-sale website, they demanded a written explanation.”
“I bought 4 tickets to a recent concert higher prices and even higher transaction fees.”
TOTAL TOKEN GENERATION – 50,000,000
TOKEN PRICE – 0.50 USD (PRICE IN ETH, BTC, LTC, BCH AS PER EXCHANGE RATE)
TOTAL SUPPLY – 40,000,000
SOFT CAP – $5M USD
HARD CAP – $20M USD
TOKENS AVAILABLE DURING SALES
Private Sale/Presale – 30% bonus tokens
PRE ICO – 20% bonus tokens
Crowd Sale – 10% Bonus Tokens
Minimum Token Cap – 100 AMI Tokens
TOKEN DISTRIBUTION & FUNDS ALLOCATION
For more information, please visit:
Author: Crator Touch
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1612381