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.
The project provides value to the ecosystem by eliminating siginificant market inefficiencies in the event creation and promotion industry. Competing blockchain technology is not as far along in development, does not have the same functionality, and competitors don't offer features unique to Vite such as controlling specifically who receives invites to events and streaming live event feeds.
Vite tokens are ERC20 utility tokens. Anyone that owns VITE tokens is a token holder and can participate in the Vite ecosystem. For example, VITE token holders will receive a reward for verifying events. The initial reward will be the VITE that is used to fund the event.