AMICORUM.LIVE – ICO and TOKEN ANALYSIS & SCOPE

somnambul1st (27)in #ico • 6 years ago

Explainer Video about Amicorum:

Amicorum.Live is an innovative ecosystem that was built on the technology of blockchain.
Amicorum is really a new platform for people who love music, theaters, and a variety of exhibitions. The platform itself is a crypto-currency environment that was created to create a reliable community for many music lovers.
Amicorum.Live will be an innovative blockchain ecosystem that will disrupt the music festival/concert ticket ecosystem and decentralize the ticket re-sale markets.

AMICORUM.LIVE is a platform for the people, by the people and of the people!

About the project:

During the process, the seller will list their ticket. Ticket prices will be denominated in fiat currency and use a market-feed oracle to calculate AMI prices at the time of purchase.
The buyer will confirm the purchase of the ticket and generate a transaction or token exchange in return of the ticket. Based on Ethereum blockchain, the transaction will be confirmed after confirmations received from the network.
The tokens will be sent to the seller and the tickets will be available to the buyer in their account for download and use at the event.
The primary functions will include:
– Creation of User Portal (Seller/Buyer)
– KYC and vetting mechanisms (Seller/Buyer)
– Decentralized Ticketing Exchange for Seller & Buyer
– Blockchain ledger validation with complete security of information
– Ticket Re-Sale rules
– Reconciliation of Sales and funds remittance to sellers after network confirmations.

It will look as (process):

This new 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.

Basic Concept:

Blockchain is a shared, public ledger of records or transactions that is open to inspection by every participant but not subject to any form of central control. It has been described as machine for building trust.
While blockchain technology can be used in different ways, our blockchain solution for ticket re-sale generally builds on four fundamental features:

Decentralized Validation :

Redundancy

Immutable storage

Encryption

Another user purchases (or otherwise requests) a ticket and using OAuth connects to the AMICORUM.LIVE ticketing platform using their Identity created and validated. The re-sale ticket is sent to the wallet address via Smart Contract. The user now has enough to attend their event.

All process:

Conclusion:

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.

Token:

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.

Total number of tokens: 50,000,000 AMI.
The cost of 1 AMI: 0.5 $.
ICO: July 1 - August 30, 2018.
Soft cap: $ 3,000,000.
Hard cap: $ 20,000,000.