http://www.event-hub.coWhitepaper
https://mega.co.nz/#!m1czxJKD!ZHoYLe2nDtaM6TL5Vf8F26SRXhqvCI_8LTBYW5AX1J0
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EventToken @ TwitterIRC
#EventHub @ FreenodeUPDATES:APRIL 14, 2015
A summary of the EventToken takeover:
SouthernBTC was able to get ahold of Dean (studio1one) and refer him to me for discussion re: the takeover. Dean unfortunately had a run of bad luck and could no longer afford to fund this project. The patent application was real, however Dean will be providing documentation absolving him of the right to uphold the patent over us should the application be accepted. I received from him control over the GitHub, EventToken Twitter, EventToken account here on this forum,
[email protected] account, what was left of the premine (282264 EVENT) and the website event-hub.co. This control is now shared between SouthernBTC, KimmyF, and myself. KimmyF helped get our interim block explorer up and running and is also hosting a node to keep the blockchain healthy. Several others have stepped forward and volunteered to continue to run a node.
The three of us thought that this project deserved further pursuit as it really is a brilliant concept with real world significance. The three of us, however, are not capable of building what was intended for this project ourselves. And unfortunately, Dean has not yet been able to secure the XCP fork work that we had seen in the screenshots he posted in IRC. He has said that he will continue to try and retrieve this work from the person who holds it for us. I sent him an e-mail on Friday, April 10 asking for an update on his efforts in securing the XCP fork. I also asked him whether or not he'd be willing to provide contact details for the developers holding the XCP fork so that we may discuss funding their continued work on the XCP fork. I plan to wait until the end of this week, Friday, April 17 before officially beginning to pursue plan B for bringing EventHub to fruition.
At this juncture I would say that we are simply working to keep the blockchain alive and healthy and we invite anyone to join our Slack team who has the connections, insight, skills, motivation, etc. to make what was intended for this project, or something like it, become a reality. Send one of us a PM here with your email address.
I do have some ideas as far as where to go next with this project, but we would certainly value any further insight or input from those willing to join our Slack team.
~infinitechaos
EventToken is a multi layer crypto currency aimed at the multi billion dollar events industry, and specifically the festivals market and aimed at solving the specific issues around people using cash at food and merchandise vendors. At many events people go there for several days and the majority of vendors are not set up or able to accept card payments, but carrying large amounts of cash around is risky for many reasons. Our solution is to give event goers and vendors a fast safe and secure way to exchange value at a guaranteed price and pay less processing fees than if using cards and merchant services.
Our main asset will be event token [EVENT]. This will be a freely traded on exchange crypto currency, with standard market volatility.
The problem arises here that vendors and users of the coin want to have a guaranteed price for their token, so users can buy and top up their tokens and vendors get a guaranteed price for their goods. The general public and vendors using a coin do not want volatility, crypto traders need volatility so we need a solution that can solve this for everyone.
This is where EventHub comes in
EventHub will allow EventTokens to be exchanged into a new sub token, and then exchanged back again at a ratio of 1:1.
These sub tokens will be used as coins at specific events at a fixed price, before being exchanged back into EventToken when no longer needed.
This innovative solution creates a closed loop eco system, only in place while the event is on, enabling a fixed price to be achieved for the sub token. We will be providing charts and info graphics on this at a later date for people to be able to understand the flow. However in the interim here is a basic explanation.
Lets create a hypothetical festival CryptoStock. CryptoStock has 100,000 people attending
1 Million Event token are swapped at EventHub and 1 million CryptoStock token are created. We peg the value of CryptoStock token at 1 token = $1
We then enable our mobile app for CryptoStock and create wallets for all vendors at the festival and give them QR codes
From the official festival website and top up stations on site people can buy CryptoStock tokens from us for $1
People then spend the tokens with vendors on site
Our mobile wallet is really simple and has only 2 options. Top up, allowing them to buy more tokens and buy. The buy button simply allows you to enter an amount and then scan the vendors QR code
At the end of the festival, vendors return the tokens to us and we give them $1 minus a 1% processing fee for each of their tokens.
As the tokens spent with the vendors were all bought from us we have the USD already to pay the vendors, and we are left with our 1% cut
The event organisers get .25% of the 1% as an incentive to use the token at the festival / event
festival done and CryptoStock token is no longer needed, we convert them back into EventToken at EventHub until next time we have an event, where we create a new token again.
This closed loop system enables us to have fixed and guaranteed price tokens, usable by people attending events and vendors with no risk of price volatility.
It also creates buy support on exchange for EventToken, as our organisation grows and more coins are needed to convert to specific event assets we will be purchasing off exchange.
So at the core of our project are the following
Features ready at launch
Highly advanced wallet featuring -- In wallet trading, in wallet messaging, in wallet live stats, in wallet block explorer and in wallet chat --- already fully complete and tested
Infographics.
the benefits of this for crypto users, event goers, event vendors and event organisers are all huge.
1. We will be buying EventToken from exchanges to create specific event assets and then leaving them off exchange, making supply on exchanges smaller and increasing value
2. Event vendors and goers will not need to worry about carrying large amounts of cash on site
3. event organisers get extra income
4. people can create tokens for their own events using EventHub
Ticker: EVENT
Stage 1: pure PoW
Stage 3: hybrid PoW/PoS -> will be a hybrid PoW/PoS stage
Stage 4: PoS -> after that the PoS system will be generating blocks
algorithm: Scrypt
blocktime: 1 minute
PoS reward: 4%
Min Stake Age 4 Hours
Premine 4%
RPC port: 19323
P2P Port: 19623
Block Rewards
block 1 to 100 - 0
block 100 to 10100 - 200
block 10100 to 20000 - 400
block 20001 to 31000 - 200
block 31001 to 40000 - 100
block 40001 to 50000 - 50
TOTAL POW: 10,000,000
NODES:addnode=52.64.96.117
addnode=54.206.17.83
addnode=82.168.169.216
addnode=52.64.59.8
http://event.bloxchain.com/Premine:
http://event.bloxchain.com/Tx/76370633e3ffe5d576f22b35afe9adc3ba9ad7667f8c75fd429d58091fe02d66
WIN WALLET MAC WALLET SOURCE
