What is Eventchain?
Eventchain is a blockchain SmartTicketing system for fans to purchase tickets directly from artists and promoters using the Ethereum blockchain, creating verifiable SmartTickets on an immutable ledger and removes third party processing fees to save fans money and reward artists more appropriately.The project goal is to solve many of the ticketing issues in the event ticketing industry today, including counterfeit ticketing, ticket scalping, excessive ticketing prices through cryptocurrency, smart contracts, and blockchain technology to make the industry fair for fans, vendors, and artists.— Ashton Addison, CEO and Founder
The first phase of the Eventchain crowdsale begins on September 13, 2017 at 4 p.m. UTC. The price per Eventchain token (EVC) is broken down across the phases as follows:
Phase 1: 1140 EVC per one Ether
Phase 2: 920 EVC per one Ether
Phase 3: 800 EVC per one Ether
The Eventchain token is an ERC-20 token and only Ether is accepted as contribution during the crowdsale. Each phase will end when all tokens allocated for that phase are sold or when Eventchain decides to end the specific phase. Phase 1 and Phase 2 will be available for a maximum of two weeks each. Any tokens not sold during the three phases will be locked in an Eventchain account for a three year period.
Any tokens not sold in Phase 1 will be sold in Phase 2, and any tokens not sold in Phase 2 will be sold in Phase 3.
Token Distribution Information
There are a total of 84,000,000 EVC tokens being created at the time of the crowdsale, with no other tokens ever being created. Tokens are available in the following phases of the token sale:
Phase 1: 11,000,000
Phase 2: 21,000,000
Phase 3: 22,600,000
There is a token sale cap of 54,600,000 EVC (65% of the EVC token supply). Tokens will be distributed immediately after the crowdsale ends.
Of the total 84,000,000 EVC tokens being issued, the following amounts are available for each category:
54,600,000 (65%) of the EVC Tokens are distributed to the participants, liquid immediately after the token sale ends.
12,600,000 (15%) of the EVC Tokens are distributed to EventChain’s legal entity. These tokens will be vaulted for a two-year vesting period, whereby 25% of tokens will be unlocked each subsequent six months, beginning from the date that participants receive their EVC Tokens.
1,680,000 (2%) of the EVC Tokens are reserved for a social and bug bounties account. Allocated EVC Tokens will be used for translations, marketing, and business bounties on a social level, and bug bounties for the EventChain token sale contract and other incentives to reinforce honest conduct on the EventChain platform on an ongoing basis.
6,720,000 (8%) of the EVC Tokens are reserved for an event sponsorship account. Allocated EVC Tokens will be used for accommodating and sponsoring worldwide events, hosting EventChain events and event-related activities to further community involvement.
8,400,000 (10%) of the EVC Tokens are reserved for early contributors. EVC Tokens allocated to advisors and corporate partners will be vaulted under the same terms as EventChain’s EVC Tokens, with a two-year vesting period and a six-month cliff, with a 25% release each subsequent six-month period, beginning from the date that participants receive their EVC Tokens. Early contributors that receive EVC Tokens in lieu of wages will not be vaulted.
Use of Crowdsale Proceeds
Marketing (58.4%) — EventChain’s goal is to change the global event ticketing paradigm. To accomplish this goal, marketing is crucial and will include a global marketing initiative of social media, internet marketing, traditional advertising, trade shows, events, sponsorships, etc. A key to our success, will be bringing awareness, education, and understanding of the advantages of the SmartTicketing platform, cryptocurrency, and blockchain technology to a worldwide market.
Development (18.1%) — design and development of EventChain’s SmartTicket system, Oracle and mobile applications. See the further development considerations below for details.
Operations (12.1%) — Ethereum network, bandwidth, server, general operational overhead expenses, and office space.
Staffing (10.1%) — Management, staffing, and contractors.
Legal (1.3%) — Incorporation, worldwide legal assistance, trademarks, and international compliance.
Ashton Addison, Founder and CEO
Ashton acquired a BBA with a focus in accounting and finance from the University of the Fraser Valley in 2016. Ashton has been a leader, entrepreneur, and technology enthusiast in blockchain technology since 2013. He has a decade of experience in markup languages and website development and founded the online FinTech and digital currency news broadcasting network CryptoCoinShow. Ashton also founded Shed Show Productions in 2012, a production company which created and managed multiple sold-out concerts. After underestimating the processing costs of event ticket providers, he managed a team to sell tickets directly to event goers. By applying his experience from cryptocurrencies and decentralized technology to EventChain’s SmartTicketing platform, he aims to make events cheaper and more accessible to everyone.
Hasham Ahmad, CTO and Lead Developer
Hasham is a senior full-stack developer bridging the gap between web 2.0 and 3.0 with Ethereum and solidity contract development. With major development experience in PHP, SQL, TDD, multiple JS Frameworks, and knowledge on at least ten different architectural systems, he is well versed in almost every type of project. Since his computer and business studies, he has created and managed numerous open source projects like Daikon Library, which also included advanced micro-framework integration.
Jesse Couch, Core Developer
Jesse is a veteran cryptocurrency trader and advocate. He is a veteran in the cryptocurrency industry, with extensive knowledge and programming experience as a developer of cryptocurrencies and tokens, as well as working in Linux, Apache, MySQL and PHP development languages. Being an experienced developer affords him significant insight into the best blockchain projects to participate in. Entering the blockchain space in early 2011, he has long term experience trading Bitcoin and altcoins, and currently manages the Shares Per Hour Virtual Reality Business Networking blockchain platform, integrating blockchain business with virtual reality on the forefront of innovation.
Chong Foo Chaw; Managing Director, Zhaolim Pte. Ltd.
Chong Foo has 25 years of experience in business management and start-ups across various industries and has served on multiple boards, advising and assisting in areas including strategic business planning, innovation, intellectual property management, and operations management. Mr. Chaw started his career with Goldman Sachs and Morgan Stanley, from 1992 to 1996, and now serves at the managing director of Zhaolim Pte. Ltd., an investment holding company. From 2000 to 2006, Mr. Chaw served as the president for Asia at Nasdaq-listed Internet Security Systems Pte. Ltd., a leading internet security software firm, which was acquired by IBM in 2006. Mr. Chaw received his MBA from the University of Texas in Austin in 1991.
Lance Shaler, Executive VP
Lance is the CEO of Click4Time Software Inc. for seven years with extensive booking industry knowledge. He taught computer technology at Southern Alberta Institute of Technology in Calgary, Alberta and has over 30 years in software development experience. Lance enjoys drafting and executing legal contracts, team building, corporate finance, and strategic planning. He was also the president and CEO of Sci-Com Data Services Ltd., which, following his tenure, sold for $63 million.
Dino Bassanese, Chief Product Manager
Dino is the president of Click4Time Software. He has many years of experience managing Software as a Service (SaaS) product development, including in-depth target market research, competitor and strategic analysis, feature specifications, website design, wireframing, UI/UX, and quality assurance.
Jay Addison, President
Jay is the CTO of Click4Time Software. Jay has been a professional broadcaster for over 25 years and covered the Inside Bitcoins convention in Las Vegas in 2014, interviewing 34 top CEOs and founders of blockchain based start-ups. Jay can be seen on Reuters Insider Financial Network, YouTube, DailyMotion and many other media channels.
Geoffrey Spooner, VP Sales
Geoffrey is a founder and Vice President of Sales at Click4Time Software. He has an extensive background delivering high-level technological solutions to enterprise clients across the globe. He has been responsible for establishing Click4Time’s corporate clients, successfully bringing booking solutions to users in over 15 countries with a track record of success in developing and emerging economies like Africa. Geoffrey specializes in internal and external growth-driven marketing strategies and is fully dedicated to growing the EventChain communities around the world.