Vite ICO

'I think about Phillip and the elite level he's played at in sports, and for
him to come into a program like this, to learn coding and to reinvent
himself
.
It takes a lot of dedication and courage to do that, because
you've already reached such great heights.'
-- Johanna Mikkola, co-
founder of Wyncode
“There are no limits. There are only plateaus, and you must not stay
there, you must go beyond them.”
--
Bruce Lee
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...

Abstract
Vite is a decentralized platform for event creation, promotion, and ticket sales. Vite events and
tickets are verified through smart contracts on the Ethereum blockchain decreasing promotion
costs as well as the prevalence of counterfeit tickets. Vite is unique in that allows event planners
to select exactly who receives an invite to events, show real-time footage of events, and to share
events on the app from other social media platforms. This is ideal for all events and significantly
decreases the cost of hosting private events, corporate events, and even pop-up shops. It is the
most efficient way to create, market, and promote events and is designed to save event promoters
money and time.
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...

Table of Contents
1. Introduction…………………………………………………………………………………………………….… 5
1.1 Industry Background……………………………………………………………………………… 5
1.2 The Problem………………………………………………………………………………………….. 5
2. The Vite Solution……………………………………………………………………………………………….. 6
2.1 Vite User Interface………………………………………………………………………………… 6
2.2 Vite Ecosystem…………………………………………………………………………………….. 7
2.3 Vite Beta………………………………………………………………………………………………. 7
2.4 Vite Mechanics……………………………………………………………………………………… 8
2.4.1 Process for Event Cr...

1. Introduction
Vite is an innovative platform created with event-goers and promoters in mind. Vite appeals to the
masses because of its simple to use interface, its unique ability to streamline event planning, promotion,
ticket sales, and its social media interoperability. Currently, there exists no other application with the
look, feel, and
capabilities of Vite.
Utilizing the Ethereum blockchain, Vite can provide a decentralized event hosting and ticket distribution
network. Companies and individuals can create events, buy, and sell tickets through unforgeable
cryptographic VITE tokens. By decentralizing event promotion, Vite significantly decreases the cost
associated with event marketing and promotion as well as the buying and selling of tickets.
1.
1
Background
According to the 2017 IBISWorld report, Concert and Event Promotion in the US earned revenues of
$28 b
illio
n while employing 242,000 individuals through 71,000 firms. Other reports
indicate
<...

from the other platforms, whether intentionally or not, it ends up selling again (as a counterfeit)
on those other platforms.
In addition to market inefficiencies and counterfeit tickets, promoters will often claim to have
sold out a release in record time. Promoters have an incentive to make it seem as though the
event is in high demand as it drives their own value (and income). However, there are often
unsold tickets and these unsold tickets will be repackaged into other releases or even
sold
directly to the secondary market to make some profit off of them. Vite provides a solution to
each of the problems presented.
2. The Vite Solution
Vite will provide a mobile and quickly accessible solution to event planners, promoters, and
event-goers through an easy to use interface. Vite utilizes features that users are already
accustomed to (eg. swipe to invite Vite users to events), allowing for the simple creation and
promotion of memorable events. Vite allows users to interact with other social...

and sold on the blockchain, counterfeit tickets and overpriced secondary market tickets can no
longer exist. Instead of incentivizing inefficient markets, Vite will directly reward event creators
and Vite participants.
2.2 Vite Ecosystem
In order to create an event on Vite, event creators will pay using VITE tokens. The cost of the
event
and
number of tokens used will increase with the amount of tickets created for the event
as well as the length of time the event creator wants the event advertised on the Vite platform.
See the formula below:
1)
������������������������
= (
������������ ∗
0.5) + (
������������������������ ∗
.01)
where
Vc
is VITE tokens to create an event,
d
is the number of days the event is promoted,
and
Vt
is the amount of tickets created. The cost of the event would vary depending upon the
exchange rate of VITE tokens to Ethereum.
The cost to purchase event tickets o...

2.4 Vite Mechanics
2.4.1 Figure 2a. Vite Process for Event Creators and Promoters
Deposit VITE tokens
Create free, paid, or
public event
2.4.2 Figure 2b. Vite Process for Event-goers
Send invitations to
specific individuals
or to everyone
Communicate with all VITE
ticket holders directly
through the dApp
Set up profile with
event interests
Select interesting events that
you will attend
Pay for the ticket
using VITE tokens
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VITE tickets are sent
directly to the user
...