On June 13th Evedo conducted an AMA in Satoshi Club Community. Let’s take a look at the most interesting points from the conversation.
Part 1 — introduction and questions collected on our platform
Irina Kravchuk | Satoshi Club: Hi Stoyan Angelov. Nice to e-meet you. Glad to have you as our guest.
Стоян EVEDO: Thank you for the invitation to do quiz and AMA in your great community! Thank you all for participating.
Serg | Satoshi Club: We are glad to have you here 🙂 Please tell us a liitle bit about yourself 🙂 And a small introduction for Evedo?
Стоян EVEDO: I am the Foudner and CEO of Evedo. I’ve been involved in the event and entertainment industry for more than 10 years and also in the startup and tech scene. That is how the idea for Evedo came alive.
Irina Kravchuk | Satoshi Club: Nice. Can you tell us what is your background? How did you come to be involved in the blockchain field.
Стоян EVEDO: We are building B2B and B2C Ticketing platfrorm for the event business and our mission is to bring the innovative technologies like blockchain. Also to bring the transparency and security in the industry!
Irina Kravchuk | Satoshi Club: Why does this field need blockchain? How does blockchain help?
Стоян EVEDO: For more than 10 years i was involved as co-founder and adviser in a lot of technology projects. 3 years ago I was involved in the blockchain project www.locktrip.com and that is how i realize the huge potential of the blockchain technologies. There are a lot of problems in the industry now caused by lack of trust and transparency, tickets fraud etc. Using the smart contracts functionalities the industry could work better and more secure. We are going to implement Evedo in our platform soon and will help the event organizers, performers, venues, promoters, rental companies to work faster and more secure.
Serg | Satoshi Club: Interesting. I didn’t know about the issues in this industries.
Стоян EVEDO: Yes. It is huge problem and now with COVID it is crazy how all the offline events was cancelled or postponed. This lead to total mess with refunds of tickets and people need to wait 30+ days to receive back their money. With a simple smart contract this problem could be eliminated
Irina Kravchuk | Satoshi Club: Will we be able to check our tickets on the blockchain?
Стоян EVEDO: Yes. Tokenizing the tickets is the future of this business 🤞
Q1 from @Eraybukucu
The Event management industry is a multi billion dollar industry with lots of well established players, now why do you need blockchain and what’s your recipe for success in this highly congested crypto space and your business mode?
Стоян EVEDO: Actually I partially answered this question. Very important for the industry is to innovate. The habits of the people are changing a lot last decade. Implementing the blockchain in the B2C marketplace and tokenizing the tickets is the future of the ticketing business. Using the smart contract and scroll functionalities of the tokens is the key to secure both parts ( event organizer and attendee ).
In our B2B Marketplace will be possible to book a DJ or venue or to find partners to organize your next event … all the conditions will be locked in a smart contract and this will guarantee that any involved business will do their job.
Serg | Satoshi Club: In this way you can prevent such events where some “businessmen”are buying lots of tickets and selling them with x5 price?
Right?
Стоян EVEDO: Exactly. This is the other problem that we are solving. The black market of event tickets will be stopped.
Irina Kravchuk | Satoshi Club: How will it guarantee it? Similar to an escrow?
Стоян EVEDO: Escrow is when the value is locked for certain period of time. Imagine that you are booking a DJ and you pay him. The funds are locked in scroll between you and the DJ. Once the job is done – he received the funds.
Serg | Satoshi Club: Can you tell us how? I am trying to imagine this solution and I can’t. To prevent the black market of the tickets?
Стоян EVEDO: For sure there is a human element that could not be 100% prevented. There will be always events that the demand is huge and we can not stop someone to buy 1 ticket and to sell it on a different price. Having a digital record for every ticket will show all the information for the tickets and the owners. if there is someone who buy let’s say 100 tickets for the event that means that maybe something is wrong. It will be up to the organizer to stop these sales and to prevent speculations.
Serg | Satoshi Club: Thanks for the explanation 🙂
Q2 from @MsHuong206
What is your strategy to marketing and for Mass Adoption? What message do you want to send to community through AMA today?
Стоян EVEDO: Yes. Thank you for this question! We started our fully functional ticket sales platform few months ago. We already execute 200+ events and work with more than 300 event organizers. Our plan for expansion is with local industry partners, also affiliate program to onboard businesses in our platforms. Also we are signing key partnerships with industry partners like Drooble, Techsoup and many more organizations. This key partnerships leads to a lot of new organizers and businesses onboarded. In 2 year plan we plan to grow mostly organically and sustainable. We have all the announcements and news in our Medium channel – feel free to check all the news there 🙂 https://medium.com/evedo
Serg | Satoshi Club: Nice. We can post our AMA events there as well? Do you have audience looking for crypto events?
Стоян EVEDO: Yes. We have crypto audience. You as organizer of AMA and QUIZ events are more than welcome to use the platform. I am happy that we already have your first event in our system: https://tickets.evedo.co/events/competitions/satoshi-club-ama-with-stoyan-angelov-evedo/146/
Q3 from @ashwini_Crypto
In this Time of Pandemic, People have to move all thier Events online & They need a Friendly & Useful platform for this, isn’t it?
Do you think the Growth of Evedo Will Increase in these times ?
Стоян EVEDO: This is a really great question. Now because of COVID 100 % of the offline events are affected. Most of the event organizers start organizing virtual conferences, workshops, concerts etc. This gives a huge opportunity for innovative companies like us to catch this wave and grow. Our team react immediately after the pandemic and we focus all our resources helping organizers with their online events. Here you can check our product for online events: https://evedo.co/webinars . We also build a MVP of our own webinar platform that is functional and everybody can use now for video calls: http://webinar.evedo.co/ ( based on open source software ). We want to provide full solution to the online event organizers – creating event, doing RSVP & selling tickets and hosting their online events.
Irina Kravchuk | Satoshi Club: Great attitude. Finding opportunities in every hardship.
Serg | Satoshi Club: A lot of interesting things. When did you start Evedo btw?
Стоян EVEDO: We started the company in April 2018. A little more than 2 years.
Irina Kravchuk | Satoshi Club: What’s rsvp?
Стоян EVEDO: RSVP is used from event organizers as symbol for building your list with guests. WIKI: RSVP is an initialism derived from the French phrase Répondez s’il vous plaît,[1] meaning “Please respond” to require confirmation of an invitation.
Irina Kravchuk | Satoshi Club: Learned something new.
Q4 from our Bulgarian friend: @dani_unss
What are the advantages of Evedo compared to other alternatives in the market?
Стоян EVEDO: There are a lot of competitors in the market. Ticketing companies like Eventbrite and Ticketmaster , gig platforms like GetGiggio , A lot of platforms connecting venues and event organizers, rental companies and event organizers … there are also other great projects for ticketing in the blockcghain sphere like Eventchain and Gutstickets. We are different because of the approach that we have and building not only the ticketing platform but also B2B platform.
Irina Kravchuk | Satoshi Club: How is the b2b different? The platform I mean?
Стоян EVEDO: It is the first platform worldwide that tries to connect all the participants involved in the event organizing. We bring on one place event organizers, promoters, any kind of performers, rental companies, brands and any other business involved in the industry.
We already have the ALPHA of the B2B and you can check it out here: https://alpha.evedo.co/ It is still on early stage and a lot of updates will be released soon but already can explore entertainers, venues and event organizers.
Irina Kravchuk | Satoshi Club: Thank you for the explanation. That sounds like a really important aspect.
Q5 from the user @King_Raja
What if the Event is Cancelled due to Some Reason after Sechduling it,
Any kind of Refund is Possible?
Стоян EVEDO: A very good question that is linked to the first one. This is how the smart contract will be used for the tickets. If for some reason the event is cancelled the smart contract will trigger immediate refund and this will solve huge problem that the industry experience nowadays. In Eventbrite you as ticket buyer needed to wait for more than 30 days to receive refund for the cancelled events during the pandemic which is insane stress for all the involved parties.
Irina Kravchuk | Satoshi Club: And the payments? In what currency will it be possible to make them?
Стоян EVEDO: The payments will be executed with FIAT, major cryptocurrencies and EVED. It will be up to the organizer to choose how to collect the payments.
Irina Kravchuk | Satoshi Club: EVED is you token as I understand?
Could you share what other functionalities does it have?
Стоян EVEDO: Yes EVED is our token that is already released and we are going to use it for the blockchain implementation in the B2B and B2C marketplaces. https://coinmarketcap.com/currencies/evedo/ The token also will be used for executing performance marketing campaigns in our platform ( to boos your event and more people to join your events ). Also for any kind of B2B and B2C premium functionalities and subscriptions. There are a lot of details about this in our Whitepaper: https://evedo.co/docs/whitepaper.pdf
Irina Kravchuk | Satoshi Club: Solid usefulness. Great work
PART 2, TELEGRAM COMMUNITY QUESTIONS
Telegram User:
Evedo announced entering into a partnership with TECHSOUP, can you describe to us how EVEDO will be able to contribute in this partnership to help NGO sector on a global scale with the optimization of their events?
Стоян EVEDO: Techsoup is a global organization that connects software producs like ZOOM, Windows and many more with NGOs around the world. We are doing pilot partnership with their Bulgarian chapter and in the near future we will be linked also in the global platform. Every NGO is potential clients of Evedo because they are organizing online and offline events. Partnerships like these are key for our platform adoption. You can read more about the partnership here: https://medium.com/evedo/evedo-partners-up-with-techsoup-to-support-ngos-all-over-the-world-45293e01c718
Telegram User:
Guess I’m a event organizer and I do numbers of events.
How EVEDO makes the ticketing solution more easy for me? How it handles the supply & demand both sustainable?
Стоян EVEDO: You have your own profile and event organizer dashboard. You as event organizer can create your event and to manage every aspect of the ticket sales. You can customize and see real time progress of the event and to activate and deactivate your tickets. Other great functionalities are the event insights for the people viewed the event, customizable coupon codes, embed tickets in other websites etc. In this short video you can see how the platform really works: https://www.youtube.com/watch?v=e07-51BBmGM&list=PL28BaRfUIccHVcAaZ3sB8-kIErUejMPNQ&index=3
Telegram User:
What are some of the major achievements that the Evedo project has achieved and what milestones are planned in the upcoming months/years?
Стоян EVEDO: For the last 2 years of hard working with the team we manage to launch our 2 marketplaces. Our B2C ticket sales platform is LIVE and working ( https://www.evedo.co/tickets ) and our B2B platform as ALPHA ( https://alpha.evedo.co/ ) Also MVP of our webinar solution: http://webinar.evedo.co/ Now we are onboarding event organizers and industry businesses from around the globe. We also have our token launched and we are developing the token step by step ( https://coinmarketcap.com/currencies/evedo/ ).
It is really important to mention here that we are also building the infrastructure to develop the health of the EVED token, listing the token in new exchanges and planning to list in more exchanges for the next 1 year. Check our updated roadmap here: https://www.evedo.co/#roadmap. Apart from the products themselves we’ve raised capital from different investors, became part of the Master Ventures accelerator program, did a successful IEO last year and our token has been listed on 4 platforms. so far and we have open communication about. We’ve gathered an amazing advisory board with 6 key advisors and over 10 more that help us with the decisions and execution of the products. They range from key figures in the event industry and entertainment business, investors and tech entrepreneurs etc.
Telegram User:
Currently , There are Lots of Centralised Event Booking Platforms Like EventPro , Venue booking Platform ? Why should people Prefer using Your Platform over these & What benefit will they get?
Стоян EVEDO: The market is really huge and there is a space for more quality platforms to get market share. Our approach to the market is really different and we are providing unique value to the event organizing being a kind of one-stop-shop for the industry. Trying to give more and more value helping the organizers easily to manage and connect with relevant companies and partners is crucial for us. On the top of this providing a ticket sales solution make us different from all the other companies in the market.
Telegram User:
First, i want to thanks to the team and congrat all for the project and the efforts made until here on this project. I believe a lot in this project.
For me, the best project on the space.
I had my own research about blockchain projects and i found EVEDO this year (i’m new on the space, about 10 months). After doing my research i have no doubt that EVEDO its one of the best, if not the best project i had found in the space. So, i’m very glad to join this AMA. My question is:
Which specific about technology and strategy of EVEDO that make you believe it will be successful and what does EVEDO plan do to attract more users in the upcoming time?
Стоян EVEDO: Thank you Harsha for the support and the great question! There are 3 main factors that makes us believe that our project will be able to change the industry in the next 10 years. First and most important for every startup is the great and experienced team and advisory board behind the project, also the great community of supporters that we are growing around the venture. Second is the market validation – the industry needs solutions like ours because nowadays most of the events are organized on old school way. The COVID 19 global situation showed to everybody that they need to innovate. Here we are coming with our concepts, products and knowledge. Third we are building a growing community of strategic partners that is valuable for us and helps us to build organically our client base.
Part 3 — Conclusion and Quiz Resuls
Стоян EVEDO: There are so many great questions! Thank you all for doing your research and asking these relevant questions! Really great experience and feedback for us that will definitely help us to be even better on what we do! Again thank you and would love to see all the people interested in our project also in our Telegram community https://t.me/evedoco
Irina Kravchuk | Satoshi Club: Thank you Stoyan Angelov.
Thanks for your time and questions. Good luck and keep doing a great work.
Стоян EVEDO: Thank you again for the opportunity to share our project here! Your community is really AWESOME!
Ciprian Ciubotaru | Satoshi Club:
The correct answers for quiz are:
- When Evedo executed their IEO and token generation event?
a) April 2019 ( correct ) - How many events were executed through the Evedo Ticket Sales platform last 3 months
c) 200 – 250 events ( correct ) - What is the TOTAL and MAX supply of EVED token?
b) 17 756 590 EVED ( correct ) - How many performers are registered so far in the B2B platform of Evedo ( djs, singers, dancers, entertainers ) a) 540 ( correct )
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