INTRODUCTION
AMICORUM (Latin word close to the meaning of Gathering of Friends) is a crowdsourced Ethereum 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.
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
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.liveOUR TEAM
Muhammad Shakil
Advisor
With a Master’s Degree in Information & Telecommunication Technology, he brings over 10 years of experience in advising on new companies. He is the CEO & CO-Founder of JatBit, Co-Founder of Bandz Network and currently a Doctorate candidate at KAIST.
He has been formidable advisor for 5 successful ICO’s in the past 2 years, including FarmaTrust, Dellbit and OpenChain. He is the Editor at IEEE (the world’s largest professional association dedicated to advancing technological innovation and excellence for the benefit of humanity). Previously, he worked as Deputy Project Director Cyber Incident Response Team at Government of Pakistan and IT Consultant of International Taekwondo Foundation. He has successfully completed 8 certifications in Security and has had 3 publications.
https://www.linkedin.com/in/muhammad-shakil/ Adrian Arora
Founder & Investor
Adrian is the founder of AMICORUM.LIVE. He has been an ICO Strategist and Advisor of 2 successful ICO’s in 2017. He is a serial entrepreneur and venture crypto investor for the past 2 years. He brings over 11 years of growth experience working for a top technology SaaS Company in US.
A visionary and aspirer to develop world class peer-peer ecosystem for people around the world.
https://www.linkedin.com/in/adrianarora Sam Kalra
CO-Founder and Head of Investor RelationsSam is a business Professional with over 8 years of experience in functional domains, primarily in Client/Account Management, Technology Solutions and Operations.
With overall exposure of 6 years working in 3 different countries, she is a capable leader who is result oriented. She has been an active investor in Crypto Currencies for the past 3 years.
https://www.linkedin.com/in/sam-arora/
Kanwar Arora
Head of Financial Analysis Kanwar joined AMICORUM.LIVE as the Head of Financial Analysis. A Lead Analyst by occupation, he is a performance driven operations controller with experience in financial management. He will provide strategic and financial planning advice and lead the corporate forecasting process. He has been a proven analytical professional with project management and project execution at the top level.
https://www.linkedin.com/in/kanwar-arora-0b82a966/ Sang Hyeon
Community Manager – KoreaSang Hyeon is one of the famous blockchain evangelists in Korea. Not only did he invest in various cryptocurrencies, he is also an influential blogger to introduce various cryptocurrencies. He was president of the National Youth Economics and Management Association and hosted a national youth enterprise planning camp. He is currently attending Kookmin University.
https://www.linkedin.com/in/sang-hyeon-eom-76626a157/ Damira Baigozha
Marketing & ICO SMM – SE - ASIADamira is our ICO SMM – Marketing and Business Development Associate. She brings 3 years of combined experience in ICO Marketing, wealth generation for ICO’s and outreach.
https://www.linkedin.com/in/damira-baigozha-9ab166143/ Ali Zain
Blockchain DevelopmentAli Zain is the CEO of Ideofuzion with expertise in ICO website development, smart contract generation and platforms on blockchain technology. He has been responsible for successfully helping his clients launch 5 different ICO projects in the past years and worked on 15 different website development projects. He has also worked with iScrybe as a front end developer for the product Convo for about 1.5 years.
https://www.linkedin.com/in/ali-zain-a31a0932/_______________________________________________________________________________
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Press Releases on Hype.News and Newswire
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INVESTOR RELATIONSinvestors@amicorum.liveMARKETING & BOUNTYmarketing@amicorum.live
