With cryptocurrencies all the rage these days, I set my sights on learning and understanding projects in depth. These understandings would either encourage me to invest in ICOs or pass on the opportunity. I stumbled upon the Eventum project a few days ago and I am fascinated with the idea of a blockchain court system, which is what Eventum is all about.
They're in the process of their ICO, promoting the project and raising awareness to potential customers and there is no better way to do this than with their MVP - Eventum Alpha.
An MVP is a minimum viable product and it is the first version of a product available for testing. MVPs usually have the minimum number of featues from the proposed product that solves the issue the product was intending to solve. This started way back in November 2017, but is still active and does what it was intended to accomplish - - a simulation of how the platform would function once released on the main Ethereum network.
After I signed up to the Eventum Alpha MVP, I read the guide provided by the team and was on my way. Created my metamask account, chose ropsten testnet, requested 1 ETH from the faucet, and then joined the Emotion Recognition event carded for Friday 16th 2018.
Naturally I was excited to try out the platform after understanding what the project was about. The event however was cancelled at the time it was supposed to begin due to a DDOS attack on the platform. Really bad first experience right? Suffice to say, I was happy that the DDOS attack happened and the event got cancelled and I'll tell you why.
Firstly, the fact that Eventum has an MVP ready on the testnet for potential investers is a huge deal. They haven't even launched their ICO yet, and they have a working MVP to show users a glimpse of how the platform will look and function.
There are many ICOs that are being launched with great ideas and not so great ideas, and yet they have no MVP available for testing. Their investors invest based upon the idea that the project team will create the platform that the project promised. Eventum already created theirs, and their ICO isn't even open yet. Let that sink in and you'd see how special the Eventum team really is.
Secondly, the Eventum Alpha MVP is doing exactly what it was created for - - a simulation of how the platform would function once released on the main Ethereum network. The fact that there was a DDOS attack during an event in the test environment only means that Eventum has found a problem to solve for their platform. And this problem is being addressed before the ICO is opened, and before the platform is live on the main network.
Thirdly, with crypto projects popping up all over, bounty hunters are everywhere and they're always in search of bounties. This is how I stumbled upon the Eventum project. Having an MVP available as a bounty campaign before an ICO is released is a rare feat. Most campaigns have the standard set of bounties. Eventum's MVP has events that attract hunters to test the platform, thereby increasing traffic and testing that the event functions how its supposed to at scale. And who can tell, maybe some bounty hunters like myself might enjoy the MVP demonstration and decide to invest during the ICO.
Fourth, the feedback provided to the project team is invaluable. Feedback in terms of functionality, speed, event categories, event consensus, time limits etc. All favourable data for Eventum is welcomed by them as its beneficial to collectt this before launching their platform later this year.
Fifth, having this MVP allows the project team to test the demand for users of their platform without spending too much time and resources. The feedback gained from this MVP would allow the project team to make necessary changes before releasing on the main net, satisfying the users.
Sixth, being able to explain to use the results obtained from events as test cases in future promotion. Since its developers who'll be creating the events, the Eventum team can use an actual example of a past event to show the developer exactly how to code an event, and explain exactly how the data is portrayed in the consensus chart.
Seventh, users who try an MVP have a better understanding of how the platform will function. They'll also be able to refer their friends and colleagues to the platform if they like it and these referrals can tuen into early investors for their ICO.
From the seven points above, it is clear that the Eventum team is excelling in delivery before their ICO is released. Creating this MVP was one of the best things they could have done as they can showcase proof of concept for their project. This is not merely an idea on a whitepaper anymore. The MVP makes it a real project that you can invest in.
As always, DYOR and feel free to join the Telegram Channel where the Eventum team posts updates and answers all of your questions. They love it when you ask questions about the project.
I'd advise you to first read their lightpaper, then their whitepaper, and ask the members in the Telegram group to clarify any issues or uncertainties.
And don't forget. Join the Eventum Alpha for free and experience how the platform is designed to work.
P.S. If you join the Eventum Alpha MVP, you can win a share of the remaining 6,390,000 EVTs and/ or 51ETH.