Pitch Ventures startup is a decentralized service for organization of token sales in the online video conference mode.
Broadly speaking, this is some kind of counterpart of “Shark Tank” TV show ( but with an opportunity of the active participation of the audience) and KickStarter
Founders will be able not only to raise necessary funds, but also to receive a feedback from the target audience ( in spite of it will be frequently tough and rude) as well as to present their project on the visited platform.
Apart of an opportunity to not only obtain information about the projects and possibility to ‘’make the money fly’’ directly through a display audience will be able to see by their own eyes a team behind one or another ICO, ask questions and get acquainted with the expert critics of a project in the live stream.
Marquee investors will be also able to use Pitch Investors Live Platform for creation and promotion of their brands. So, the framework is a win-win strategy except for those startupers who will fail online.
Pitch Investors Live Platform app exists already as beta-version, it’s already available on iOS and in the nearest future the app will support Android and desktop versions of browsers.
It allows startup founders to create small white papers which be rapidly reviewed by potential investors who are searching for projects which meet their interest. Investor can take on the role of an expert and invite startupper to discuss token acquisition in the video conference mode for which platform user will be able to join as spectators.
Currently user can only ‘’like’’ one of the participants of a discussion, but to invest some funds it’s necessary to visit project’s website.
After the token sale there will be an opportunity of coins transfer to smart-contract’s address, which in turn will transfer PITCH to a project’s wallet and coins to investor’s wallet.
The app tries to provide unbiased expert judgement of the startups. The object of the experts will be the estimation of ICO tokens liquidity, their real value, sale conditions etc. Pitch Investors Live Platform is striving to motivate unbiased approach of experts to projects evaluation. Fair play expert will be able to attract large amount of subscribers, increase his influence on the platform and to receive more sound reward paid in PITCH.
PITCH is a ERC-20 coin. Moreover, coins of all ICO which will have been conducted on this platform will correspond to ERC-20 standard as well. So, no issues with tokens conversion may arise.
Presently, Pitch Investors Live Platform is functioning in the form of decentralized application. Developers is going to integrate financial part of the platform with blockchain Ethereum at first. It will allow users to fully control their funds and be sure that at any moment they can conduct any operations over tokens and no one will be able to retract or cancel them.
Further, step-by-step decentralization of the platform will be deployed. Above all others, users accounts and their identification will migrate on blockchain. Also all images, video and javascript files will be moved to InterPlanetary File System (IPFS) As a result, system health won’t depend on centralized servers and data centres.
One of the complicated problem is the decentralization of live streams. Several solutions already exist, but in the course of the test period streams will be still conducted via WebRTC platform. Developers promise to make migration to decentralized platform to be unnoticeable for users.
1618000000 PITCH tokens will be issued in total. During pre-ICO there will be sold 5% out of this amount which will consist 20 million USD. In the course of presale which begins 28th of February, there will be additionally sold 20% of tokens (323,8 million USD)
Token sale will be held in 8 rounds. In each round 40,45 million USD will be sold. One needs take into consideration that fix price of the coins will be increasing in each new round.
New round begins after all coins of the current one are sold
20% of tokens will be reserved for marketing purposes, affiliates motivation and for business process support.
25% will stay at disposal of the project team
30% of coins will be used for payments to experts of the Pitch platform. In that manner, 20% of tokens out of total reserve will be issued each year.
Team of Pitch Ventures consists of experienced and prominent in blockchain environment developers and entrepreneurs. For instance, Mathew Lally who is the creator of number of applications for iOS and Android as well as professional developer of Ethereum smart contracts. Moreover, some of his patents in the field of augmented reality are still used by Google. Co-founder is the Jonathan Foltz who is the creator of Digital Age Business marketing company which is cooperating with the largest brands of the world.
Pitch Ventures boasts from the majority of ICO by already existing and popular product. Apart of it, it’s a handy service for direct contact of investors and ICO organizers, which simplifies the procedure of token acquisition and in that way helps to resolve long time known industry problem. All in all, insufficient demand isn’t about the project and it’s founders have already proved that they are able not to make a pig's ear of a good idea.