There are over 1,000 music festivals around the world and secondary ticket resale market has been growing at a rapid pace. This is because the festivals and concerts sell out in just under an hour and people are always left without tickets.
Today, there are re-seller websites like Viagogo etc., that allow a ticket holder to list their tickets at a price they choose. For e.g., if you purchased a ticket for $100, these secondary resale sites will allow you to list your ticket at an inflated price. The simple reason, they want to make the platform available to as many people as they want and charge a fee.
Recently, AN ARTICLE IN THE GUARDIAN and this what the person went through:
“I bought two tickets from Viagogo displayed at €32 each.
After our payment had been processed, a pop-up informed us we had been charged a €16 booking fee, a handling fee and VAT on top of the displayed price.
All in all, this came to about €30 over the advertised price of the tickets. When you’re a student, that’s a week’s worth of groceries - AJ, London”
The article even mentions that some users have found three-figure sums as extra’s added to their ticket prices.
In this unbelievable market that is growing at a rapid pace and is expected to be $24.55B by 2022, AMICORUM.LIVE provides a solution and vision that prevents this from happening.
AMICORUM (Latin word close to the meaning of Gathering of Friends) is an innovative platform that will decentralize the ticket resale industry using blockchain and secure identity platform. The platform will be free of any transaction/processing fees for buying and selling of only authenticated tickets in the secondary resale market.
We may be a small team, but we have strong hearts and an amazing project that will help individuals across the globe and not have to pay the double amount for their tickets.
Visit us at – www.amicorum.live for more information on our project and learn about our ICO that is LIVE.
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