AMI TOKEN MODEL
AMICORUM.LIVE leverages Ethereum Blockchain technology in two manners: to implement its AMI token as a source of value, and to store information of buyers and sellers of tickets on the platform and other users in a transparent manner that gives confidence to all parties involved.
AMICORUM.LIVE platform will be powered by AMI Tokens. The ERC20 compatible token will be the only Utility tokens that will be used on the platform for sale and purchase of tickets in the secondary re-sale market. The tokenization model focuses on real time conversion of ticket price into AMI Tokens using market feed oracle and use by both, buyers and sellers. The AMI TOKEN will be the only means of payment on the AMICORUM.LIVE platform
With AMI Tokens, users will be able to buy tickets online via the platform in the blockchain ecosystem, while being rewarded proportionally, based on transaction data, etc.
The tokens will be used in the following ways:
- For all settlements between the members of the ecosystem — ticket purchase, resale, returns
- FAST TRACK — KYC mechanism
- Rewards
All sales for tickets will be finalized the same day after confirmation from the blockchain and tokens will be transferred to the respective parties involved. AMI are the tradable tokens based on the ERC20 standard of the Ethereum network. All AMI Tokens will be tradeable on the listed exchanges.
The success of early cryptocurrencies shows that a network of economic participants or users of the platform, when given the right incentives, can fuel the token growth and spawn supporting ecosystems.
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