There are over 1,000 music festivals around the world every year. Every time a ticket sale opens, they are sold out in minutes and then are posted on the Secondary Ticket Re-Sale websites at higher costs. The average person must resort to paying higher prices coupled with higher transaction and processing fees.
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 provide a seamless experience for sale and purchase of authenticated tickets that are secure, transparent and free from any transaction/processing fees for ticket re-sale.
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 Buyer’s will be able to buy tickets with AMI tokens (the new cryptocurrency based on Ethereum blockchain) at 0 transaction fee and 0 processing fees.
The platform will also offer rewards to all the users that are using and transacting on the platform. Thus, getting the tokens for the price of the ticket along with reward tokens based on their transaction amount.
Market and Scope
Our Target Industry is Secondary Ticket Re-Sale which is expected to grow to $24.55bln by 2022 and we are expecting a 20% takeover of that market share.
Today we reached over 4,200 members on Telegram, 3,900 on Twitter and over 2,600 on Facebook.
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