EventChain (EVC) ICO
What is EventChain?
EventChain is an advanced decentralized blockchain token network that powers a unique smart contract ticketing system (SmartTickets). EventChain solves many of the problems with current event ticketing systems available today while providing the additional benefits of using a blockchain as the foundation. Both the EventChain system and its tokens (“EVC Tokens”) encourages everyone in the ecosystem, including all stakeholders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using EVC Tokens and other traditional payment methods.
Pricing Solutions – Finally event creators control the pricing of tickets on the primary and secondary market. SmartTickets are fully programmable, enabling smart contract code that can peg tickets at a permanent price, designate a maximum markup value, or attribute any other individual or group ticket pricing variables in either market.
Counterfeit Solutions – Each SmartTicket has a unique sequence number on the blockchain that makes it impossible to be sold multiple times or counterfeited on the network. An integrated ticket resale reputation system allows event ticket vendors and resellers to build and grow their reputation in the secondary market. Scalpers will be clearly identified by their SmartTicket reputation.
Transparency Solutions – See how many tickets have sold so far and how many remain for public events inclusive of primary and secondary markets. Using the Ethereum blockchain as a foundation for EventChain brings a higher level of transaction accountability, scalability and fungibility to the event ticketing industry than any existing centralized ticketing architecture available.
Scalability Solutions – Ticketing platforms receive heavy traffic on the ticket release date. EventChain SmartTickets will be distributed on an unlimited number of websites through a plugin, dispersing traffic away from a centralized server, avoiding potential crashes and allowing significantly more people to buy tickets simultaneously.
Start Date: 9/13/2017 16:00 UTC
End Date: 10/14/2017
Phase-1 Token Sale – 1,140 EVC per ETH
Phase-2 Token Sale – 920 EVC per ETH
Phase-3 Token Sale – 800 EVC per ETH
EVC Tokens are allocated into the token sale for participants as follows:
Phase-1 Token Sale – 11,000,000 EVC
Phase-2 Token Sale – 21,000,000 EVC
Phase-3 Token Sale – 22,600,000 EVC
Token Sale Cap – 54,600,000 EVC (65% of the EVC Token supply)
Total Supply of EVC Tokens
Participants – 54,600,000 EVC
EventChain – 12,600,000 EVC
Bounties – 1,680,000 EVC (Social & Bug Bounties)
Sponsorship – 6,720,000 EVC
Early Contributors – 8,400,000 EVC
Total – 84,000,000 EVC
Marketing – 58.4%
Design & Development – 18.1%
Operations – 12.1%
Staffing – 10.1%
Legal – 1.3%
2017 Q4 – EventChain Professional SmartTickets
EventChain.js will integrate a SmartTicketing infrastructure which harnesses exclusive benefits enabling functional programming inside of SmartTickets. Here are a few examples of variables programmable into SmartTickets:
- VIP access and special amenities
- Priority seating
- Merchandise or food & beverage credits
- Multi-day event passes & festival passes.
- Digitally signed tickets, digital albums, or artwork
2018 Q1 – EventChain Ticket Exchange Interface
EventChain will create a ticket exchange interface to enable users to effortlessly buy, sell and trade their authentic tickets in a matter of seconds. Users will utilize an interface that pulls available information from the EventChain database in order to exchange SmartTickets.
2018 Q1 – EventChain Database
The EventChain database will hold relevant information of user data, event information, and ticket history. Storing excess data on the Ethereum blockchain can be very costly and ineffective at this point. By leaving the Ethereum blockchain focusing solely on completing transactions users will have a faster and smoother ticketing experience.
2018 Q1 – EventChain Oracle
An external Oracle will act as a communication channel between users and the Ethereum Blockchain for implementing further functionality into SmartTickets including smart contract functionality. Oracle-based contract execution communicates to users with the Ethereum blockchain, verifying the validity of SmartTicket transactions in a reliable and efficient manner. The EventChain oracle will store external personal and historical data to remove excess computational stress from the blockchain.
2018 Q2 – EventChain Mobile Wallet Client
EventChain will develop a mobile platform for accessing the SmartTicket framework on both iOS and Andriod Apps. With the majority of users transitioning primarily to mobile computing, these applications will likely be the principal source for buying and selling tickets conveniently. With the EventChain Apps, anyone will be able to purchase a ticket for an event quickly and easily. An event goer could theoretically purchase a ticket outside of a venue and within seconds have an immutable ticket on the blockchain for attending an event.
2018 Q2 – EventChain Desktop Wallet Client
EventChain’s standalone desktop system will enable users to access EventChain’s platform from any computer or mobile device. It will also include an Ethereum ERC20 light wallet for holding and managing EventChain EventCoins and other ERC20 tokens, checking balances and quickly buying or selling SmartTickets with other users directly. In the case where purchasers don’t have a mobile device, printing a ticket or writing down the public and private SmartTicket keys on a piece of paper can prove SmartTicket ownership entering an event with no portable technology needed.
2018 Q4 – EventChain VR SmartTickets
EventChain in partnership with the SPH VR Network will release a Virtual Reality based VRTicketBox to purchase tickets for VR and non VR Events
Aston Addison – Chief Executive Officer
Hasham Ahmad – Lead Developer
Jesse Couch – Core Developer
Chong Foo Chaw – Managing Director, Zhaolim Pte. Ltd.
Lance Shaler – Executive VP
Dino Bassanese – Chief Product Manager
Jay Addison – President
Geoffrey Spooner – VP Sales
Dr. Steven Funk – Silicon Valley Billionaire
Piotr Piasecki – Core Developer, Factom
Jeans Tang – Founder & President of Blockchain Research Institute
Dror Medalion – CEO of Bitjob.io
Dr. Amir Hajbaba – PhD, Corporate Finance
Amin Bohio – Security Researcher, Penetration Tester
Rob Whittle – Marketing and Advertising
Richard Patterson – Event Promoter
Tanis Mercado – Project Development
Keith Lownie – MBA, CPA, CA
Tony Simonovsky – ICO focused Growth Hacker