AMICORUM (Latin word close to the meaning of Gathering of Friends) is an innovative platform that will decentralize the ticket re-sale industry using blockchain and secure identity platform. The platform will be secure, transparent and free of any transaction/processing fees for buying and selling of only authenticated tickets in the secondary resale market. Sellers will be able to list their tickets in fiat (using a market-feed oracle, the platform will calculate AMI prices at the time of purchase) that will be authenticated with smart contract and Buyers will be able to buy tickets with the AMI token (the new cryptocurrency based on Ethereum blockchain) at 0 transaction fee and 0 processing fees.
Cryptocurrency, Entertainment, Internet, Platform, Smart Contract, Software
"AMICORUM (Latin word close to the meaning of Gathering of Friends) is a blockchain based innovative ecosystem that will decentralize the ticket resale industry using blockchain and secure identity platform.
We are changing the way people buy and sell tickets in the Secondary Ticket Re-Sale Market.
The platform will be secure, transparent and free of any transaction/processing fees for buying and selling only authenticated tickets in the secondary resale market.
As a Seller you will be able to list your tickets on the platform and using a market-feed oracle, the price will be converted into AMI TOKENS in real time. And as a buyer, you will be able to pay with your AMI TOKENS by generating a transaction on the Ethereum Blockchain Network.
As the ticket prices are converted in real time and transactions are immuted through the blockchain, there will be no processing or transaction fees and no fraudulent tickets.
- 0 transaction and 0 processing fees
- Authenticated Identity through Secure Identity Platform
- Validated Ticket through Smart Contracts
- Target Industry – Secondary Ticket Re-Sale
- Ticket Sale Turnover - $8.9bln in 2016
- CAGR Average/Year - 6.92% until 2021
- Target Market – 20% of $24.55 billion by 2022
- No competitors
Eliminating the Biggest Pain in Secondary Ticket Re-Sale Industry - Why ""0"" Transaction and ""0"" Processing Fees
As each engine, needs fuel to run, the AMICORUM.LIVE platform will be powered by AMI Tokens.
The ERC20 compatible token will be the only Utility tokens that will be used on the platform for sale and purchase of tickets in the secondary resale market. The tokenization model focuses on real-time conversion of ticket price into AMI Tokens (value from the exchange) and usage by both buyers and sellers.
The AMI TOKEN will be the only means of payment on the AMICORUM.LIVE platform
The tokens will be used in the following ways:
- For all settlements between the members of the ecosystem – ticket purchase, resale, returns
- FAST TRACK KYC
- Rewards for all transactions"