I'm amending my previous review of Eventum because they are no longer having a public sale. The private sale was so successful that once that ends on June 15th the ICO will be over. I'm of two minds on this as it shows the idea is really a good one and has found significant backing with only an alpha product. However it just being sold to private investors goes against what crypto stands for in many ways. Especially when you have had over 100k people signed up to invest in your ICO. They are making some amends by upping the rewards and running more alpha tests that payout ETH and EVT tokens to the participants that cast a vote with the consensus.
Eventum is using crowd sourcing or wisdom of the crowd to accurately come to a conscious on bunch of questions in a given video. There have been a bunch of studies that show how intelligent a large group of people are. That all working together they can achieve some incredible accurate things. Far more accurate then most people would realize.
Here is a video conducting a experiment. The results are startling.
After seeing that video you can understand how bringing that kind of accuracy to real time platform could be very beneficial in any number of situations.
Now onto the more financial part. Any ICO or existing token/coin you purchase you need to make sure it is linked to the advancement of the product. From an investment standpoint it doesn't matter how incredible the idea/team/end product is if the money you invested into the token doesn't get represented or used in said product. This is a erc20 token so it can be stored in all the erc20 Etherium wallets (MEW being my preference). As far as the write up in the whitepage goes the token is directly tied to doing anything on the platform. There is some flexability in using other erc20 tokens instead but they get converted to Eventum tokens anyways. So yes imo the token is integrated into the platform sufficiently for the price to rise as the platform takes off.
Token economics, Important to look at the token sale. How much the team is holding for themselves and how long they are vested. In this case its 12% for the team and they have to be vested for 3 years. So not a greedy amount by any means.
TOKEN DISTRIBUTION
Total token supply: 500,000,000 EVT
Minimum target (soft cap): 1,159 ETH
Total target (hard cap): 18,539 ETH
ICO= 50%, Team=12%, Partnerships=8%, Advisors/sales costs=8%, Future financing=10%, Ecosystem fund=10%, and finally Bounties=2%
So this project will hit it's hardcap soon or by June 15th. Right now ETH is sitting at ~ $694 so this will come out of the ICO valued at ~ 12.8 million. That's a very low number for an ICO that didn't even make it to public sale because of the private sale putting up so much money. 12.8 million puts them at 463rd on CMC. This is for a working alpha that to me feels like it's a beta already as I've participated in numerous events so far. A working platform like this should quickly raise the value of this token into the top 200 a 5x or ~60 million or even into the top 100 a 12x or ~154 million.
I don't think top 200 or even top 100 are to ambitious of a projection for this product due to the stage it's at in its creation along with the strong private sale. So why bother writing this up and editing my previous review if the sale is over and you can't buy into this ICO anymore? You can participate in the alpha tests to get tokens in addition to ETH. They look to be holding two events a week until June 15th. It's their way to distribute some additional tokens to the supporters who didn't get a chance to buy tokens in the canceled public sale.
So give it a try and sign up at:
https://alpha.eventum.network/?ref=btVu1hec
