Eventum - Bridge between data providers and developers

richzohr (25)in #cryptocurrency • 6 years ago

Since May 9th, the Eventum public sale has been canceled due to an overwhelming interest in the private sale and more than 100,000 member whitelisted to participate in the alpha platform. To distribute tokens, Eventum has decided to reward the community through participation in more Alpha events, with the next one scheduled for May 11th at 7:00 pm CEST. The event is dubbed "Fake News Detection" and is a template that has been used before for a previous event in which the participant analyses a series of article headlines and determines which is fake.

Eventum is a blockchain-based startup poised to collect and validate real-time data via API for application development purposes such as content moderation, fake news identification and reporting on live events. Eventum’s Alpha is meant to demonstrate how real-time data is collected and processed until consensus is reached.

The Eventum Alpha can be used as a demo for investors and future developers and participants. Having this demo version available is a huge deal in the crypto startup world, as the majority of projects doesn’t have any working models to show investors during their ICO. The demo can only be improved in future versions, but it does its job by showing and demonstrating exactly how the platform is supposed to work. The Eventum Alpha demo runs on the Ropsten Test Network. Sign up to the Eventum Alpha and experience it first hand.

Eventum’s system is a bridge between data providers and developers. Data providers have access to data that is valuable, which they then report via a mobile/desktop app to the validation nodes in the Eventum system. Validation nodes then wait for a consensus to be reached (i.e. multiple data providers send the same information) and then send this data to the developer in the form of a real-time API. The developer locks a reward in a smart contract, which is then split and given to data providers that were part of the consensus. The reward is split proportionally to the speed at which the data was provided, so the real-time nature of the API is incentivized.

TOKEN DETAILS
Total token supply: 500,000,000 EVT
Minimum target (soft cap): 1,159 ETH = 811.000 EUR
Total target (hard cap): 18,539 ETH = 12.977.300 EUR
Conversion ratio: 1 EVT = 0.00007416 ETH = 0,0519 EUR

ICO= 50%, Team=12%, Partnerships=8%, Advisors/sales costs=8%, Future financing=10%, Ecosystem fund=10%, and finally Bounties=2%