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Evedo seeks to bring event planning to the blockchain

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Evedo, a platform consisting of business-to-business, or B2B, & enterprise to shopper, or B2C, marketplaces, seeks to supply blockchain options for companies and contributors concerned in organizing occasions.

In an unique ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, founder & CEO of Evedo & Fragmint, mentioned the enterprise dynamics and tokenomics of Evedo.

Evedo tokenomics | Supply: Evedo Technical Deck 

CT Markets Professional Consumer: How does Evedo use blockchain know-how for the occasions sector? Will the ecosystem be accessible for everybody or simply artists and massive occasions organizers?

Stoyan Angelov: The EVED token is a utility token used to generate sensible contracts between ticket patrons and sellers. Even now, we now have 1,000+ shoppers which can be working with our platforms to execute occasions, and we’re occasion agnostic (small, medium, giant of any sort). So any occasion organizers are welcome to make use of the system. That is how the person profile seems to be like. We have already got 5000+ customers there, and within the following weeks, we are going to replace and launch the up to date market.

CT Markets Professional Consumer: How can occasion planners depend on tokens, contemplating they’ve fastened prices to settle?

Stoyan Angelov: Initially, we will be implementing stablecoins, and the EVED token will be used for premium features such as targeted advertising, community management and access to different tools on the platform. Consequently, the event organizers or other service providers will have the option to choose if they want to accept partial or full payment in EVED.

CT Markets Pro User: What is Eve’s business model, considering there is no ticketing sales fee?

Stoyan Angelov: Evedo’s business model is based on the additional value in the ecosystem. Keep in mind that we also have a commission from the ticket sales. A0% commission will be if the organizers use the EVED token for sales. FIAT is available now, and with FIAT, we charge a 5% commission.

CT Markets Pro User: How will Evedo deal with high Ethereum (ETH) gasoline payment points?

Stoyan Angelov: We nonetheless did not implement the EVED funds within the ticketing due to the insane gasoline charges. Sadly, this can be a show-stopper adoption on the ticket gross sales. Our exit plan is to turn into multi-chain and onboard the primary HYDRA blockchain. In that approach, we are going to lastly have an opportunity for the EVED to be carried out.