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Lamoneda (LMDA) ICO Review – ICO Token News

Overview

Lamoneda is a decentralized blockchain token network that powers and engineers a unique smart contract ticketing system also known as SmartTickets. Lamoneda aims to solve the problems with current event ticketing systems available today, with providing an additional benefit of using blockchain as the foundation. Lamoneda system and its tokens (LMDA Tokens) will enable everyone in the ecosystem, including all shareholders such as event managers of sport and concert events, party organizers, social clubs and ticket purchasers to sell or buy SmartTickets using LMDA Tokens and other traditional payment methods without the fear of fraud in any form.

Lamoneda will provide a simple user-friendly interface for event managers to manage and execute SmartTicket sales globally from small to large events supported by the underlying blockchain technology and LMDA ICO Tokens. This is in a bid to empower a true peer-to-peer network for purchasing and selling tickets to events goers. We aim to provide a transparent platform that holds no surprises for clients and customers when it comes to pricing and exchange of service. There are no tricksters when it comes to Lamoneda. This makes Lamoneda a user-friendly platform that keeps the process of purchasing a ticket as simple and clean as possible for all parties involved.

Lamoneda

LMDA Ethereum blockchain structure provides the necessary framework needed, to implement scalable, fast, and cryptographically secure SmartTicket transactions. The platform will utilize smart contracts as the underlying technology for the creation of SmartTickets, harnessing the functional power of LMDA Tokens as a proof-of-purchase. Lamoneda ticketing platform can also operate with fiat currencies; however, the SmartTicket utility is optimized when using LMDA Tokens. These SmartTickets will act as proof-of-purchase for any event, containing enforceable pre-set conditions programmed into the ticket’s underlying smart contract code using Ethereum’s native programming language Solidity. These conditions can be tailored to store immutable information for any type of event imaginable. Implementing Lamoneda blockchain token network for event management presents the opportunity to upgrade the current event ticketing industry to faster transactions, indisputable ticket vouchers and transparency from event hosts and fully programmable functions using LMDA Tokens.

Lamoneda Features

Lamoneda Oracle

Lamoneda Oracle will be designed to apply the “push and pull” strategy to obtain data from smart contracts. This will help to alleviate computational stress from the Ethereum Virtual Machine and will communicate through an integrated MONEDA plugin which is distributable across the web for access to ticket purchases and interaction with the SmartTickets system.

Data Analysis

On Lamoneda, our SmartTicket metadata holds relevant information related to all types of events which can be used for statistical analysis.

This SmartTicket metadata makes it possible for event creators or organizers to easily analyse and predict future ticket sales and make projections using variables such as

  1. Quantity of SmartTickets sold per event
  2. Number of smart tickets available before sales
  3. SmartTicket sale rate – this simply shows how quickly tickets are sold
  4. SmartTickets Sales Price

Forwarding Smart Contracts

On Lamoneda, we will employ the “forwarding Smart Contracts” to handle and process RSVP deposits or partial payments for events. Using the “forwarding smart contracts”, transactions can be initialized as the terms are being guaranteed by the SmartTicket system which is enforceable until the event is completed or whenever the custom timestamp expires.

SmartTicket Digital Collection

Lamoneda is designed to allow customers, individuals or event goers who purchase our SmartTickets to a gain access to a complete record of their event history which is displayed to them through the Lamoneda transaction framework on the Lamoneda Oracle. This further creates a digital collection of ticket stubs and a literal “chain of events” to help recollect memories which can be shared with Family, friends and even on social media.

Benefits of the Lamoneda platform

In a bid to sanitize, disrupt and revolutionize the event ticket industry, the dedication and goal of the Lamoneda platform is to completely eliminate fraud and provide a transparent ecosystem for event organizers, event goers, artists, fans etc. to co-exist and carry out seamless transactions.

Being a part of the Lamoneda platform not only ensures fraud-less operations, but attracts major benefits for its users. The benefits of using the Lamoneda platform are as stated below:-

  1. Multiple payment gateways: As a user of the Lamoneda, you are entitled to use any of the multiple payment gateways available on our platform.
  2. Clients are entitled to frequent discounts on any of our events
  3. Integrated ticket exchange: We have a ticket exchange integrated on our app, this makes it possible for users to buy and sell tickets and also exchange the LMDA token for any other currency of their choice.
  4. Ticket transferability: This enables a user to easily transfer tickets purchased for an event to another user without any form of hitch or stress.
  5. Lamoneda platform accommodates new technologies which makes it possible for ticket purchasers to attend any of our events with just their mobile phones instead of using a paper ticket.
  6. In a case of ticket transferability, the transferred ticket still upholds the same condition.
  7. Our ticket purchase are not limited to just one form of currency alone as there are different payment options available to purchase our tickets with such as using Fiat, LMDA and other available cryptocurrencies.

We are keenly interested in the event ticketing industry and we aim to make this industry better by employing the service of blockchain technology via the Lamoneda platform.

If you want to learn more about ICO investment or its marketing strategies then reading ICO marketing guide can prove beneficial for you.

Team

  • Ali Saleh
    Ali Saleh
    Ali Saleh
    COO
  • Collins Oronsaye
    Collins Oronsaye
    Collins Oronsaye
    CTO
  • Glino Karjadi
    Glino Karjadi
    Glino Karjadi
    Advisor
  • Quebec Ehi
    Quebec Ehi
    Quebec Ehi
    Project Manager
  • Arriane Rice
    Arriane Rice
    Arriane Rice
    Customer Service
  • Sal Saleh
    Sal Saleh
    Sal Saleh
    CFO
  • Martin Hasper
    Martin Hasper
    Martin Hasper
    Advisor
  • Ger Benne
    Ger Benne
    Ger Benne
    Marketing Director

Milestones

  • 1
    2017 Q4
    The Idea 💡 of Lamoneda.
  • 2
    2018 Q1
    RELEASE OF THE WHITEPAPER 1.0.
  • 3
    2018 Q2
    Presale.
    We decided to launch the presale to raise the initial funds needed to bring this idea to life.
  • 4
    2018 Q3
    Crowdsale and distribution of the coin.
  • 5
    2018 Q3
    Development of the MONEDA Protocol that enables the control of sales and trade between ticket holders from the moment the first ticket is sold until the last ticket is scanned. Every ticket is created uniquely.
  • 6
    2018 Q4
    The Beta versions of our App will be released.
    This will allow the users to test for any bugs and give us feedback.
  • 7
    2018 Q4
    The final release of the App to the general public.
  • 8
    2018 Q4
    Desktop Application Client. This will enable the user to access our product and services from a desktop.
  • 9
    2019 Q1
    Exchange Interface.
    This will enable our users to exchange LMDA token to any other cryptocurrency for event ticket purchase.
  • 10
    2019 Q2
    Our first SmartTicket on the blockchain.
    We will be creating our own event to test our products across Europe.

    Lamoneda Database will hold necessary data of users. ie: event information and ticket history.
  • 11
    2019 Q3
    Multiple events throughout Europe and Africa
    Our own promotional platform.
  • 12
    2019 Q4
    New roadmap.

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