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EventChain Logo

EventChain (EVC)Gold Project

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The Eventchain platform solves today’s event industry problems of ticket scalping, counterfeit ticketing, overpriced ticket markup and gives everyone the chance to access concert and event tickets from anywhere in the world.

  • Category Events & Entertainment
  • Websiteeventchain.io
  • Project Type Blockchain
  • White PaperOpenOpen White Paper
  • Algorithm Not Supplied
  • Bitcoin TalkOpenOpen Bitcoin Talk
  • Jurisdiction Not Supplied
  • Masternode No
Start Date
September 13th 2017 16:00 UTC
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End Date
October 14th 2017 16:00 UTC
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EventChain Token Sale Details

Prices
Phase-1 Token Sale 1,140 EVC per ETH
Phase-2 Token Sale 920 EVC per ETH
Phase-3 Token Sale 800 EVC per ETH

Phase-1 Token Sale
Phase-1 will launch on September 13, 2017 at 4:00 pm UTC and will stay open until it is fully subscribed or EventChain decides to close the Phase-1 offering, at which time unsubscribed Phase-1 tokens will be allocated to the Phase-2. Upon the closing of Phase-1, ETH received during Phase-1 will be moved to EventChain’s multisig wallet to mitigate security risks.

Phase-2 Token Sale
The Phase-2 starts when the Phase-1 offering completes and also includes any unsubscribed tokens from the previous Phase to give participants a second chance to acquire EVC Tokens before the contribution period ends.

Phase-3 Token Sale
The Phase-3 starts when the Phase-2 offering completes and also includes any unsubscribed tokens from the previous Phases to give late adopters a final chance to acquire EVC Tokens before the contribution period ends.

Token Sale Period
Phase-1 and Phase-2 of the token sale will be available for a maximum period of 2 weeks. Any EVC Tokens remaining after the period will be vaulted for future use of EventChain as determined by its Board of Directors.


Funds Allocation – Years 1-3
58.4% - Marketing
18.1% - Development
12.1% - Operations
10.1% - Staffing
1.3% - Legal

EventChain Token Distribution

  • ICO Participants54,600,000 EVC65.00%
  • EventChain12,600,000 EVC15.00%
  • Early Contributors8,400,000 EVC10.00%
  • Sponsorship6,720,000 EVC8.00%
  • Bounties1,680,000 EVC2.00%

Milestones

  • Q4 2017

    EventChain Professional SmartTickets
    EventChain.js will integrate a SmartTicketing infrastructure which harnesses exclusive benefits enabling functional programming inside of SmartTickets.

  • Q1 2018

    EventChain Ticket Exchange Interface
    EventChain will create a ticket exchange interface to enable users to effortlessly buy, sell and trade their authentic tickets in a matter of seconds. Users will utilize an interface that pulls available information from the EventChain database in order to exchange SmartTickets.

  • Q1 2018

    EventChain Database
    The EventChain database will hold relevant information of user data, event information and ticket history. Storing excess data on the Ethereum blockchain can be very costly and ineffective at this point. By leaving the Ethereum blockchain focusing solely on completing transactions users will have a faster and smoother ticketing experience.

  • Q1 2018

    EventChain Oracle
    An external Oracle will act as a communication channel between users and the Ethereum Blockchain for implementing further functionality into SmartTickets including smart contract functionality. Oracle based contract execution communicates to users with the Ethereum Page 25 blockchain, verifying the validity of SmartTicket transactions in a reliable and efficient manner. The EventChain oracle will store external personal and historical data to remove excess computational stress from the blockchain.

  • Q2 2018

    EventChain Mobile Wallet Client
    EventChain will develop a mobile platform for accessing the SmartTicket framework on both iOS and Android apps. With the majority of users transitioning primarily to mobile computing, these applications will likely be the principal source for buying and selling tickets conveniently. With the EventChain apps, anyone will be able to purchase a ticket for an event quickly and easily. An event goer could theoretically purchase a ticket outside of a venue and within seconds have an immutable ticket on the blockchain for attending an event.

  • Q2 2018

    EventChain Desktop Wallet Client
    EventChain’s standalone desktop system will enable users to access EventChain’s platform from any computer or mobile device. It will also include an Ethereum ERC20 light wallet for holding and managing EventChain EVC Tokens and other ERC20 tokens, checking balances and quickly buying or selling SmartTickets with other users directly. In the case where purchasers don’t have a mobile device, printing a ticket or writing down the public and private SmartTicket keys on a piece of paper can prove SmartTicket ownership entering an event with no portable technology needed.

  • Q4 2018

    EventChain VR SmartTickets
    EventChain in partnership with the SPH VR Network will release a Virtual Reality based VRTicketBox to purchase tickets for VR and non VR events.