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_______________________________________________________________________ | _______________________________________________________________________ CROWDSALE INFORMATION TOKEN SALE STARTS 31 AUGUST Runs for 5 days Minimum cap: $6 million, target: $15 million Constant price throughout of 92 AVT per ETH *Prices subject to change. Check blog or Slack for udpates Total supply: 10,000,000 AVT. 60% (6,000,000 AVT) sold in crowd sale ADD ALL INFO REGARDING PRE INVESTING HERE |
_______________________________________________________________________ THE PROBLEM If you did not get the chance, please check out our first blog post Ԕhe Event Ticketing Industry is Broken and in Need of DisruptionԬ where we explain how we see the event ticketing industry, why its broken, and how we can change it. In a nutshell, Aventus aims to solve the following 3 problems: 1. The resale of bulk bought tickets at inflated prices on secondary markets. Secondary ticket markets are controversial because they enable touts to buy up tickets from primary markets quickly and re-sell them on average 49% above face value with margins often exceeding 1000% [1], prohibiting price-sensitive fans from attending an event. Adele and other major artists have protested, banning the resale of their tickets after prices have appeared at up to ?9000 on Stubhub [2]. Additionally, in the U.K. it is illegal for football tickets to be resold without the clubӳ permission [3]. However, such attempts at regulation have been futile, since ticket black markets continue to form anyway [4]. 2. Counterfeit tickets. The U.K. Metropolitan Policeӳ 2 year study of ticket fraud associated with the London 2012 Olympic games elucidated that organised crime networks were able to generate over ?40m per year through the creation of counterfeit tickets [5]. Furthermore, an investigation by the Telegraph showed that Brits wasted over ?5m on counterfeit tickets advertised on social media in 2015 [6]. 3. Maximising ticket sales to the eventӳ target audience. According to Sean Moriarty, CEO of TicketMaster, Ԯearly 35% of ticket inventory goes unsold, and if you ask fans why they didnӴ go to shows, one of the most popular reasons is Ӊ didnӴ know about itҔ [7]. Furthermore, 60% of 16ֲ4 year old concert and festival goers stated that they would go more regularly if tickets were less expensive [7]. This indicates that promoters have difficulty reaching target audiences and that this problem is further aggravated by inflated prices. | _______________________________________________________________________ |
_______________________________________________________________________ | _______________________________________________________________________ THE SOLUTION Solution Overview Aventus is a blockchain-based protocol that creates a more fair, secure, and transparent event ticketing industry, practically eliminating counterfeit tickets and unfair touting. Organisers can create, manage and promote their events and associated tickets with dramatically reduced platform costs, and can even control secondary markets. It solves the aforementioned problems in the following manner: 1. Secondary Market Control -Tickets have an associated photo with them -Owners reselling their tickets do not know who they are selling to 2. Blockchain Security 3. Promotion and Platform Cost Reduction -All events listed on the Aventus protocol will be accessible to any application using it -Event organisers can reward promoters with a commission on ticket sales they make. |
_______________________________________________________________________ WHAT IS AVT? ԔHE FUEL OF THE AVENTUS ECOSYSTEMԍ AVT is needed to facilitate a decentralised, autonomous protocol for the event ticketing industry that disintermediates event management systems, ticketing applications, and promoters. It is needed for stake weighted voting and resolution mechanisms for: 1. Voting on the legitimacy of: a. Events b. Applications/promoters c. Protocol parameters (e.g. vent creation fee, reporting deposit) 2. Facilitating the anonymous matching of buyers and sellers in the secondary market | _______________________________________________________________________ |
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