AMICORUM.LIVE

AMICORUM is a crowd sourced Blockchain-based peer-peer ecosystem for ticket resale of music festivals and concerts around the globe. AMICORUM.LIVE is a secure and transparent processing fee based blockchain ecosystem for the ticket resale industry thereby eliminating transaction costs and fraudulent transactions.

Although only AMI tokens will be used for execution of sale of any tickets —whether it’s a buy or sell. The buyers will receive payments in AMI tokens in their account and the sellers will need AMI tokens to buy the
tickets. All ticket sales will be finalized the same day of the purchase as the blockchain confirms transactions within minutes. This means you don’t have to wait for the payments to be sent from your bank to the ticket holder.

The tokens will be used in the following ways:
• For all settlements between the members of the ecosystem —ticket purchase, resale, returns
• FASTTRACK- KYC mechanism
• Internal payments to all vendors and employees

The blockchain ecosystem will be used for the platform, its visitors, buyers and sellers and KYC setup.
Once the user has created the profile and verified via KYC, they will be able to enlist their tickets for sale. The ticket holder will upload the tickets with the essential information — barcode (authenticated by the platform), their motive for sale (reason why they cannot attend ask price (higher or lower than the actual market rate) timeline for sale of the ticket and refund policy if applicable.

The buyer, who wants to buy the ticket, logs in to the platform and searches for the event. The Re-Sale tickets will be displayed in the initial order of relevance, price and other information. The buyer will go either make an offer to buy the ticket at the price listed via the AMI tokens and once there are several confirmations for that particular transaction on Etherscan, the ticket will be automatically named to the new buyer. So essentially, there is no third party to handle the exchange.

AMI Token
The AMI token is based on the decentralized ethereum market standard smart contract ERC 20 token. Formed within the blockchain and subject to automatic execution upon the occurrenceof pre-defined criteria and events.

Total Supply – 50,000,000
Hard Cap - $20M
Softcap - $5M

Token Distribution
80% Total ICO Distribution – 40,000,000
15% Reserved for Founders/Management – 7,500,000
2% Reserved for Advisers – 1,000,000
3% Reserved for Marketing/Loyalty Purposes – 1,500,000

Project Roadmap