EventChain ⚡Solving Ticketing Problems on the Blockchain - page 52.

Jay2408

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Quote from: Sozialtourist on September 09, 2017, 04:53:44 AM

Quote from: Hash() on September 08, 2017, 07:50:10 PM

Quote from: Sozialtourist on September 08, 2017, 04:16:10 PM

Do I understand correctly that you can also buy the tickets on the EventChain platform with fiat currency? So I guess the fiat will be instantly converted to EVC Tokens in the background or how does the currency conversion work?

Correct! That is the idea, although we have to evaluate the price mechanics a bit more thoroughly. Fundamentally we will be acting as a dedicated EVC exchange.

I really like that. To be able to pay with fiat in the beginning will help to establish EventChain. I know a lot of people who would be really interested in the project but have no idea of cryptos, smart contracts or the blockchain technology. So for them it is great that they can just buy their tickets as usual with fiat. After a while, when crypto currencies become mainstream, they will switch to EVC tokens eventually due to all the benefits it's offering to pay with them.

Exactly! I mean the ticket industry isn't just for young people. And most older people who want to buy tickets for a sport event, opera, musical, etc. won't use a platform where they have to pay with cryptocurrencies... if they ever heard of it

. So, Eventchain's approach to offer both payment methods - fiat + cryptos - is definitely just right in terms of acceptance.

Korsakopf

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Quote from: FIEX on September 09, 2017, 04:50:12 AM

Quote from: ParRus on September 09, 2017, 04:42:25 AM

hi guys, recently looked one fresh review, briefly but clearly explained EventChain concept
https://www.youtube.com/watch?v=_-grGMDuV2E

Also saw that one.
BoxMining in a crypto YouTube celebrity

. This will get a lot of views and more investors to this project.

Great work devs!

He is also one of my favorite youtubers. I'm glad he reviewed EventChain and i'm sure this will attract a lot of new people!

levyashin

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With a simple calculation, hard cap can be found 64.760 eth. Somewhere 20m$

But there is no info about soft cap. Will you inform us about soft cap?

Sozialtourist

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Quote from: Hash() on September 08, 2017, 07:50:10 PM

Quote from: Sozialtourist on September 08, 2017, 04:16:10 PM

Do I understand correctly that you can also buy the tickets on the EventChain platform with fiat currency? So I guess the fiat will be instantly converted to EVC Tokens in the background or how does the currency conversion work?

Correct! That is the idea, although we have to evaluate the price mechanics a bit more thoroughly. Fundamentally we will be acting as a dedicated EVC exchange.

I really like that. To be able to pay with fiat in the beginning will help to establish EventChain. I know a lot of people who would be really interested in the project but have no idea of cryptos, smart contracts or the blockchain technology. So for them it is great that they can just buy their tickets as usual with fiat. After a while, when crypto currencies become mainstream, they will switch to EVC tokens eventually due to all the benefits it's offering to pay with them.

FIEX

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Activity: 630

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Quote from: ParRus on September 09, 2017, 04:42:25 AM

hi guys, recently looked one fresh review, briefly but clearly explained EventChain concept
https://www.youtube.com/watch?v=_-grGMDuV2E

Also saw that one.
BoxMining in a crypto YouTube celebrity

. This will get a lot of views and more investors to this project.

Great work devs!

ParRus

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Activity: 490

Merit: 104

hi guys, recently looked one fresh review, briefly but clearly explained EventChain concept
https://www.youtube.com/watch?v=_-grGMDuV2E

KrakAJAX

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Quote from: lvsca on September 09, 2017, 03:56:55 AM

Quote from: magisterr on September 08, 2017, 08:43:35 PM

What hard cap and soft cap? And how many tokens will be in total?

for total supply is 84,000,000
for hard cap, there are no information for it.
you can check this address for monitoring .
0xb62d18dea74045e822352ce4b3ee77319dc5ff2f - EventChain smart contract address.

Yes, please read the tokensale details in our Blog post!

https://blog.eventchain.io/eventchain-ico-tokensale-details-631328961440

lvsca

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Quote from: magisterr on September 08, 2017, 08:43:35 PM

What hard cap and soft cap? And how many tokens will be in total?

for total supply is 84,000,000
for hard cap, there are no information for it.
you can check this address for monitoring .
0xb62d18dea74045e822352ce4b3ee77319dc5ff2f - EventChain smart contract address.

Cauchy

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Quote from: levyashin on September 09, 2017, 02:24:04 AM

Quote from: pynetx on September 09, 2017, 02:10:19 AM

Quote from: levyashin on September 09, 2017, 02:05:59 AM

Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Dev said that, they are not charging ticket buyers only.

Just few posts before he told, fee process.

"Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure."

So, they will get profit from the promoters and not from the customer.

Exatcly.

Now ticketing business companies, take fees from both customers and promoters.

So cost would not be different for promoters. But customers will ask no-fee ticketing system in their behalf.

Is there any Revenue simulations/scenarios available to Project the benefit from Investor perspective?

the_donald

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Quote from: Joint Force on September 08, 2017, 11:04:22 PM

Quote from: magisterr on September 08, 2017, 08:43:35 PM

What hard cap and soft cap? And how many tokens will be in total?

55 million EVC hard cap total.

this is one reason I like it. low cap ICO's are always the best. low supply = high price in the long run

pynetx

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Activity: 798

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Quote from: levyashin on September 09, 2017, 02:24:04 AM

Quote from: pynetx on September 09, 2017, 02:10:19 AM

Quote from: levyashin on September 09, 2017, 02:05:59 AM

Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Dev said that, they are not charging ticket buyers only.

Just few posts before he told, fee process.

"Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure."

So, they will get profit from the promoters and not from the customer.

Exatcly.

Now ticketing business companies, take fees from both customers and promoters.

So cost would not be different for promoters. But customers will ask no-fee ticketing system in their behalf.

That would be beneficial for everyone. Right now we have to pay a hefty fee for online bookings.

cantdecide

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Quote from: wonderfullife on September 09, 2017, 03:00:59 AM

In the alpha version we have the possibility to buy concert tickets and the one of myweather vs mc greagor is finished on July 26, 2017 and was going to las vagas, could we know how much space were sold via the platform for this first test?

The Alpha is just a test platform. There was no real selling for any event yet, as far as I know.
The alpha platform is, as it says, just an alpha to show potential investors how the platform will work and how you can buy tickets on it.

wonderfullife

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In the alpha version we have the possibility to buy concert tickets and the one of myweather vs mc greagor is finished on July 26, 2017 and was going to las vagas, could we know how much space were sold via the platform for this first test?

levyashin

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Quote from: pynetx on September 09, 2017, 02:10:19 AM

Quote from: levyashin on September 09, 2017, 02:05:59 AM

Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Dev said that, they are not charging ticket buyers only.

Just few posts before he told, fee process.

"Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure."

So, they will get profit from the promoters and not from the customer.

Exatcly.

Now ticketing business companies, take fees from both customers and promoters.

So cost would not be different for promoters. But customers will ask no-fee ticketing system in their behalf.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: levyashin on September 09, 2017, 02:05:59 AM

Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Dev said that, they are not charging ticket buyers only.

Just few posts before he told, fee process.

"Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure."

So, they will get profit from the promoters and not from the customer.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Dev said that, they are not charging ticket buyers only.

Just few posts before he told, fee process.

"Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure."

imtiazmahmood

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Activity: 476

Merit: 250

Quote from: Sozialtourist on September 08, 2017, 04:16:10 PM

Do I understand correctly that you can also buy the tickets on the EventChain platform with fiat currency? So I guess the fiat will be instantly converted to EVC Tokens in the background or how does the currency conversion work?

Event goers can purchase SmartTickets directly on the EventChain network through a variety of payment gateways. Ideally, EVC Tokens will be used primarily for SmartTicket purchase but other ERC20 tokens including Ether (“ETH”) may also be accepted. Event managers will also have the capability to accept fiat currency for SmartTicket sales through payment gateways.

For more read just read whitepaper. whitepaper available on eventchain website.

i hope you understand.

matjas

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Quote from: wonderfullife on September 08, 2017, 11:18:52 PM

Eventchain could disturb all the tickets distributors and change the system of this sector. The idea is good, the platform is a necessity so if the team is honest and work hard could really become interesting.

Im just wondering if EventChain wants to succeed, they will have to put up a huge advertisement campaign to attract individual event organizers to use their platform because there are some whales ticket companies out there. Unless they convince a big ticket provider to use their technology and get some fees.

Voltaje

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Quote from: pynetx on September 08, 2017, 11:23:01 PM

how will you generate revenue if you don't charge any fee?
What's monetization model?

Well, that is right, the whitepaper doesn't talk about where would you get your own revenue, will you charge a percentage of the profit from the artist? its the only way I think you will make a profit from this service if you don't charge fees, the token is EVC, so we will need EVC to buy the tickets? because people will simply use fiat currency, they won't waste time on creating an ethereal account, buy ethereum, then buy on exchanges EVC, then send it to the app, and then buy the tickets, that will drive the buyer away, unless you offer discounts on the price if they use EVC, rather than USD, so could you explain how this will work? I ask this because I want to know why the token will rise in value, if few people use it, it won't grow in price; you must remember guys that people invest in blockchain projects because they will generate revenue, no investor here will support a project just for philanthropy alone, we need a way to make a profit too, and you guys need to tell us how we will get it from your project, I think this is a good idea, but we need the details.

pynetx

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Activity: 798

Merit: 262

how will you generate revenue if you don't charge any fee?
What's monetization model?

Topic: EventChain ⚡Solving Ticketing Problems on the Blockchain - page 52. (Read 48119 times)