LONDON,
June 26, 2017
/PRNewswire/ -- Aventus, a London-based startup has announced that it has
developed a blockchain-based solution to prevent unregulated
touting and counterfeit tickets. The company had already attracted
the attention of major investors as it prepares to launch a
week-long token sale which is set to start on July 19, 2017, and run until July 24, 2017.
Ticket touts are notorious for bulk-purchasing tickets on
primary markets and reselling them at inflated prices on secondary
markets. An average purchaser of a resold ticket to a concert or
music festival pays at least 49 percent more than its face value,
with profits sometimes exceeding 1000 percent.
Aventus enables secure transfer and resale of tickets with
built-in inflation caps to eliminate fraud and ensure that the
final user can be identified. This type of technology is of
particular importance in light of today's terror climate as it
brings an additional, much-needed, security measure for attendees.
Aventus effectively ends the ability for ticket touters to continue
in business.
A 30-year entertainment and sports industry veteran known
for work with brands such as Caesars, Trump, HBO, UFC, Santana,
Eric Clapton, Hard Rock and the
current Director of Carnival Live, Bernie
Dillon explains the benefits of Aventus' technology to the
entertainment industry by saying,
"Anyone who has ever attended, hosted, or produced a
live entertainment event, be it a UFC fight, boxing match, or
concert has been affected by counterfeit tickets or extortionate
secondary resale prices. Aventus brings a refreshing solution to
these age-old problems that could very well end fraudulent activity
and unregulated ticket touting once and for all."
Famous singer Adele has had a particularly troubled past
with ticket touters. Adele added two additional dates to her
Wembley Stadium performances, tickets for said events were sold out
within a matter of seconds on primary markets and re-listed on
secondary resale sites like StubHub with ticket prices going as
high as £9,000.00 per ticket.
In response to this behavior, promoters and venues alike
have teamed up with the likes of Ticketmaster and StubHub in an
attempt to prevent their fans from being taken advantage of.
Unfortunately, such relationships have done little to stem the tide
of ticket touts.
Aventus is launching a token sale of its
AventCoin (AVT), "the Bitcoin of the ticketing industry," which
will be distributed to the public. The token launch will consist of
a public sale from July 19, 2017, to
July 24, 2017, in which fans who
share a desire to rid the ticketing world of counterfeit tickets
and unregulated ticket scalpers will be able to purchase
AVT.
A source from Aventus stated,
"We are excited to work with the event-going public. We
are glad to rid the industry of unfair touting and counterfeit
tickets while improving oversight and boosting promotion.
We aim to bring a much-needed change to a broken industry by
creating the first global standard for the exchange of
tickets."
Aventus blockchain-based platform eliminates uncontrolled
resale and counterfeit tickets. It allows event organizers 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. It also gives ticket
buyers rewards for promoting events, and identifying fraudulent
activity. Aventus' innovations vastly improve upon existing
solutions by bringing oversight and transparency to the ticketing
lifecycle, security to the transfer and validity of tickets, new
revenue streams for event organizers and greater promotional
capabilities.
About Aventus
Aventus is a fair, secure, and transparent
blockchain-based event ticketing solution that practically
eliminates fraud and unregulated touting. Organizers can create,
manage and promote their events and tickets with dramatically
reduced platform costs, and can set price controls and receive
commissions on secondary market sales.
Learn more about Aventus at
– https://aventus.io
Follow Aventus on Twitter
– https://twitter.com/AventusSystems
Aventus blog
– https://blog.aventus.io
Slack Channel
– https://slack.aventus.io
Aventus subreddit
– https://www.reddit.com/r/Aventus
Media coverage
– http://www.telegraph.co.uk/music/news/adele-announces-surprise-final-wembley-show-2017-get-tickets
Media Contact
Contact Name: Kavon Soltani
Contact
Email: info@aventus.io
Location: London, United Kingdom
Aventus is the source of this content. Virtual currency
is not legal tender, is not backed by the government, and accounts
and value balances are not subject to consumer protections. This
press release is for informational purposes only. The information
does not constitute investment advice or an offer to
invest.
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SOURCE Aventus