Evedo Offers Blockchain Event Planning Solutions
Evedo seeks to provide blockchain solutions for businesses and attendees working in event planning, according to a Tuesday Jan. 4 Cointelegraph report.
Evedo Founder and CEO Stoyan Angelov spoke to Cointelegraph about the company’s plan, explaining that the technology works through the EVED utility token, which can generate smart contracts between ticket buyers and sellers.
The company will work with stablecoins, with the EVED token being used for more important features such as targeted advertising, community management, and the use of tools on the platform.
Event organizers will have the option of choosing whether they wish to accept partial or full payment in EVED. According to Angelov, the company does not take ticket sales fees.
âEvedo’s business model is based on the added value of the ecosystem,â he said.
He said the company receives a commission on the sale of tickets, the 0% commission being if the organizers use EVED to sell tickets, and there is a 5% fee with fiat.
Angelov said that any event planner is welcome to use it, with both small and large events allowed. He added that Edo will face the problems of high ethereum gas fees by not implementing EVED payments in the ticket office.
âUnfortunately, this is a spectacular adoption on ticket sales,â he said. âOur exit plan is to become multi-chain and to embark the first HYDRA blockchain. In this way, we will finally have a chance for EVED to be implemented. “
PYMNTS wrote that the use of cryptocurrency in B2B situations like cross-border payments is increasingly common.
That said, many financial institutions do not do so well in the market’s interest in innovations. Only 4% of those polled said they plan to let customers use cryptocurrency in the next year, while 76% said “maybe” and 20% said they don’t. certainly wouldn’t.
Read more: 73% of FIs who offer a cryptocurrency plan to add more