Amicorum ICO Review: Blockchain-Based Platform For Ticket Reselling

The issue of ticket reselling has always been a thorny and controversial one.

Tickets for high-profile gigs or concerts usually sell out in minutes, leaving thousands of fans empty-handed and frustrated. To compound such frustration, a large number of those tickets tend to appear on ticket reselling sites within a short time, with an inflated mark-up on their face value. Such practice, while borderline legal, is highly questionable and has led to intense debate in the past.

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Amicorum is a brand new ICO that offers a peer-to-peer ticket selling facility based on a blockchain platform.

Amicorum: the friendlier and fairer way to resell tickets

Amicorum is Latin for ‘friend’ or ‘friendship’. The ICO intends to offer a fair and friendly way to resell tickets for concerts or music festivals, with the added bonus of removing transaction or processing fees.

The company defines itself as a ‘secure, transparent, and transaction fee-free ticket re-sale platform’.

The Amicorum platform will offer the following functionality:

  • Creation of User Portal
  • KYC and vetting mechanisms
  • Decentralized ticket exchange
  • Blockchain ledger validation
  • Ticket resell rules
  • Reconciliation of sales and funds remittance

Amicorum in figures & quick facts

  • Token name – AMI
  • Total number of tokens issued – 50,000,000
  • Total number available during private sale – 15,000,000
  • Total number during pre-sale – 15,000,000
  • Total available during ICO – 10,000,000
  • Private sale start date – March 1st 2018
  • Private sale end date – March 30th 2018
  • Pre-ICO start date – April 1st 2018
  • Pre-ICO end date – April 30th 2018
  • ICO start date – May 1st 2018
  • ICO end date – June 30th 2018
  • Soft cap – $5m
  • Hard cap – $20m

The following payment methods will be accepted:

The Amicorum token

The company will issue its own currency, the Amicorum token (AMI), which is based on the ERC-20 standard.

The AMI token will be the only way to pay for tickets within the platform.

Once created, the AMI token will be distributed as follows:

  • ICO – 80%
  • Founders – 15%
  • Advisors – 2%
  • Marketing – 3%

Bonus program

Amicorum plans to offer a Bonus Scheme for token purchasers.

  • Private sale / pre-sale – 30% Bonus
  • Pre ICO – 25% Bonus
  • Crowdsale – 10% Bonus

The team

The Amicorum site presents five people as the core team, plus two advisors.

Learn more about the Amicorum team here.

Social media presence and digital footprint

Here are the numbers for Amicorum at the time of writing (mid March 2018).

  • Twitter – 2,703 followers
  • Facebook – 2,213 followers
  • LinkedIn – 13 followers
  • Medium – 2 followers
  • Telegram – 1,894 followers

Amicorum’s presence on social media is not great at present. If the ICO is to become well known among the ticket-reselling community, it needs to work on expanding its reach.

Competition

ICOs dedicated to ticket reselling are thin on the ground at this point in time. Eticket4, Eventchain, and TokenStub offer similar services.

Amicorum has a good lead as it offers a rather innovative platform exclusively for ticket reselling, which may serve to carve a market niche.

Additional details

See Amicorum’s review on ICOBench.

White paper

Consult Amicorum’s white paper for more information about the platform, additional
features and services, etc.

Conclusion

The issue of ticket reselling will always remain a controversial one, as people will seek to make a profit at the expense of true fans who desperately want a ticket. From that standpoint, Amicorum offers a fair and friendly platform to resell tickets through the blockchain.

This ICO faces little in the way of competition also, which may play a large part in ensuring its viability.

We’ll revisit Amicorum’s progress in due course.

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