The Altair VR team aren't just ivory tower visionaries either. The founder has success creating a large number of planetariums (educational theatres with giant screens) throughout Russia, and runs one of the leading planetarium service companies within Russia. The motivation behind Altair VR is to create a virtual education platform that makes learning easier, more fun, and most importantly, more efficient. Whilst this is the primary motivation behind the platform, the actual applications could indeed be anything.
The AltAir VR team has actual experience launching various planetariums in Russia.
What I like about this ICO is that the team is transparent, and they have real business experience related to their project. Many ICOs have teams that seem too afraid of the spotlight, perhaps not confident enough in their project. Not the case with Altair VR. As can be seen from their team video, they are transparent and are putting themselves out there in marketing their project and what it aims to solve. This automatically adds a tremendous amount of legitimacy to the ICO in my eyes.
On the platform community members will be able create their own virtual reality scenarios and upload these to the blockchain for others to experience, whereby other users can "vote" on them decentrally. This also gives an opportunity for large, established companies to launch comprehensive VR scenarios to the blockchain, which could lead to very interesting things. Perhaps even universities one day may launch their own educational classrooms if the platform takes off. The idea of a virtual Coursera has me honestly excited, but I might be jumping ahead a bit here.
The Altair VR team also seems to respect the underlying principles of blockchain technology, and is not going to be too greedy with their commissions. In fact, all purchases of VR scenarios will only incur a 10% fee, with the other 90% going to the scenario creator. Compared to centralized networks that charge up to 70% commission, this will hopefully incentivize a lot of content creators to create unique virtual reality experiences.
The Altair VR platform will also undergo a token burning process, whereby 1% of the daily turnover of tokens will be burnt, until an ideal number of 100,000,000 ALT exist from the initial 1 billion creation supply.
Token Details
Initial creation Amount: 1,000,000,000 ALT
Target total supply after burning: 100,000,000 ALT
Tokens available at ITO: 500,000,000 ALT
All team tokens have 1 year vesting restrictions.
40% of funding will be spent on marketing, 39% on R&D, and 1% on charity. Rest will go to the team, bounty, and legal/administrative expenses.
ITO Details
Private pre-sale is active at the time of publication with a 50 ETH minimum investment, however the main public ITO will begin June 15th with a fair bonus structure, beginning at 15% and ending at 0%. Platform launch after ICO is aimed to be Q3 2018.
Depending upon funds raise in the ITO, different roadmaps and team expansion goals will be in place -
Altair VR expansion will depend upon funds raised during ITO
All in all however, if you believe in virtual reality, and would like to see a VR solution incorporated into the blockchain, then I'd definitely say Altair VR is poised to take the dominant role in this position, and has my recommendation.
