Aventus is a decentralised protocol creating a less fraudulent and tout-filled event ticketing industry. The protocol's token Avent ("AVT") is key to enforcing its economic model. Its purpose is to reward participants for providing value (e.g. voting on the legitimacy of events, buying tickets, promoting events, and matching buyers and ticket resellers).
How it works
Token sale postponed until late August/early September.
- Allows event organisers to create,manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales - Gives ticket buyers rewards for promoting events, and identifying fraudulent activity - Secondary Market Control - Promotion and Platform Cost Reduction - The AventCoin is essential for aligning the economic incentives of participants and for ensuring that minimal fraud occurs in the system
Attention. There is a risk that unverified members are not actually members of the team
$25 760 400
Opportunities:Online ticketing, relating both to the sales practice and fraudulent problem, is a big problem that can be effectively solved by decentralized solutions, so the potential for the project is large.The team has some experienced advisors to balance out the relatively inexperienced team.There is a network effect present – the more users Aventus has, the more valuable the tokens are.
ConcernsThe project is just an idea right now – nothing is released yet.The team is young and lacks relevant experience.The roadmap is vague and doesn’t provide too much information as to the team’s competence.A big part of Aventus’ idea is to solve the touting and black market problem. However, there have been lots of attempts for current players to address the issue and in vain. For example, Ticketmaster attempted to address the resale problem around 2010 but it had to scrap the idea within a year. The restriction to transfer tickets caused legal challenges, especially in the US where the laws in every state is different.Blocktix, another ICO project aiming to solve the same problem (minus the anti-scalping idea), seems like a close competitor to Aventus. Blocktix issued the whitepaper last year and presented their idea at the European Ethereum Development Conference in February 2017.Other than Blocktix, there are various competitors utilizing blockchain technology already – HelloSugoi, Ticketchain, esPass, Guts, and Lava.
Conclusion:Overall, I am neutral about this ICO for its short-term potential and negative for its long-term potential. There are simply too many competitors in this space. Combined with the inexperienced team, I am just not sure if Aventus can come out as the winner.Our thoughts of the tokens for short term and long term are as follows:For short-term holding:Neutral because another close competitor, Blocktix, held an ICO back in July and the performance has been poor. Not sure if the market is excited about another blockchain ticketing project.For long-term holding:Not good either because I’m just not sure if the anti-scalping business model works.
Ultimately, Aventus wants to disrupt an industry that sorely needs to be disrupted. The ticket selling industry is extremely inefficient. It’s not doing a good job for venues, event promoters, acts, or attendees. It’s filled with high fees and suffers from enormous problems with black market resales.
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