Evedo seeks to introduce event planning to the blockchain

Evedo is a platform composed of business-to-business (B2B) and business-to-consumer (B2C) markets. It aims to provide blockchain solutions for businesses and participants participating in organizational activities.

Ask me any questions or AMAs exclusively, and Cointelegraph Markets Pro, Stoyan Angelov, founder and CEO of Evedo & Fragmint, discussed Evedo’s business dynamics and token economy.

Evedo token economics | Source: Evedo Technical Deck

CT Markets Pro users: How does Evedo use blockchain technology in the field of activity? Is the ecosystem available for everyone, or is it only for artists and large event organizers?

Stoyan Angelov: EVED token is a utility token used to generate smart contracts between ticket buyers and sellers. Even now, we have more than 1,000 customers using our platform to execute events, and we have nothing to do with events (small, medium, large, any type). Therefore, any event organizer is welcome to use the system. This is what the user profile looks like. We already have more than 5,000 users, and in the next few weeks, we will update and launch the updated market.

CT Markets Pro users: Considering that they have fixed settlement costs, how can event planners rely on tokens?

Stoyan Angelov: In the beginning, we will implement Stablecoin, EVED tokens will be used for advanced functions such as targeted advertising, community management and access to different tools on the platform. Therefore, event organizers or other service providers can choose whether to accept partial or full payment of EVED.

CT Markets Pro users: Considering that there are no ticket sales fees, what is Eve’s business model?

Stoyan Angelov: Evedo’s business model is based on the added value in the ecosystem. Please keep in mind that we also collect commissions from ticket sales. If the organizer uses EVED tokens for sales, the commission is 0%. FIAT is now available. For FIAT, we charge a 5% commission.

CT Markets Pro users: How will Evedo handle High Ethereum (Ethereum) Gasoline fee problem?

Stoyan Angelov: Due to crazy gas fees, we still haven’t implemented EVED payment in ticketing. Unfortunately, this is a hindrance to ticket sales. Our exit plan is to become multi-chain and carry the first HYDRA blockchain. In this way, we finally have the opportunity to implement EVED.