It estimated that ticketing companies charge on average 12 – 15% of the total ticket price, with some charging up to 30%.
For cultural institutions and event organisers those are vital funds that they missed out on. This is particularly true of many second tier cultural institutions which are often working with very tight budgets.
Cultural Places wants to change this by provided a more cost effective way for cultural institutes and events to offer tickets to their customers.
Using a decentralised platform built on the blockchain Cultural places would provide a ticketing platform which lets these institutions and event organisers keep more of the sales from tickets. At the same time they will be able to offer tickets at less expensive prices by saving on the ticketing company cut.
This is in fact only one of the unique offerings from Cultural Places. Cultural Places is providing a complete ecosystem for the cultural industry.
Along with ticketing, Cultural institutions and organisers will be able to use the platform in order to crowdfund from patrons and other supporters.
Through the Cultural Places apps, they will be able to deliver rich multimedia content to enhance their visitors experience.
Read on to find out more about Cultural Places and their upcoming Initial Coin Offering (ICO).
Cultural Places App
Cultural Places already have an app available through for both iOS and Android. This app provides digital content for their partner cultural organisations. Some of the content includes multimedia guides and audio tours. Other functions include smart mapping and the ability for users to add their favourite sites and receive smart recommendations.
What makes the Cultural Places crowdfunding platform unique is that it will enable users to donate while they are walking through an tour. On this tour they can encounter specific projects that need more funding, and then will be offered the opportunity to contribute if they wish to do so.
Team Behind Cultural Places
The team behind the Cultural Places project is the Austrian company OROUNDO Mobile GmBH. OROUNDA works in the field of providing interactive environments for monuments, sights and institutes of cultural importance and delivering multimedia content via mobile devices.
The company was founded in Vienna in 2014 by Patrick Tomelitsch and Klaus Windisch. Over the past three years the company has been working on various projects for art institutions, cultural events and museums. Over the past two years OROUNDA has developed 50 projects in a range of European countries.
In order to incentivise the cultural community, Cultural Places has a royalty program which will see them receive 1% of all spending. Each of the partner institutions will receive Cultural Coins, the percentage of which will depend on the size of their turnover. The goal of this is to help motive these cultural institutions to actively promote Cultural Places.
Cultural Coin ICO Key Facts
Type of Token: ERC20 compliant token created on Ethereum blockchain
Total Supply: 1.5 billion Cultural Coins
Number of Tokens Offered in ICO: 60% of total supply
Soft Cap: €2 million
Hard Cap: €19.7 million
Price of Token: Ranges from €0.015 – 0.024 per Cultural Coin
Cultural Places Website: https://www.culturalplaces.com
Cultural Places Whitepaper: https://www.culturalplaces.com/wp-content/uploads/pdfs/CulturalPlaces_Whitepaper.pdf?x14524
Cultural Places Twitter: https://twitter.com/CPtweetOROUNDO
Cultural Places Facebook: https://www.facebook.com/Cultural.Places/
Cultural Places Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3080625.msg31770713#msg31770713