Evedo to USD Price Chart

What Is the Current Price of Evedo (EVED)?

As of the latest available data, the price of Evedo (EVED) has increased to approximately $ 0.00308234. Please note that cryptocurrency prices are highly volatile and can change rapidly.

What Is Evedo (EVED)?

Evedo is a blockchain-based platform that aims to streamline and improve the events industry. By providing both B2B (Business-to-Business) and B2C (Business-to-Consumer) marketplaces, Evedo seeks to bring together all the various parties involved in event organization. The purpose of Evedo is to facilitate the coordination and collaboration among event participants such as organizers, suppliers, entertainers, venues, and attendees.

Their goal is to create a cohesive ecosystem that simplifies the process of event organization by removing unnecessary intermediaries. With an emphasis on the vast potential of the event industry, which is valued at over $850 billion, Evedo is focusing on leveraging the advantages of blockchain technology to foster growth and increase efficiency within this sector.

Who Is Behind Evedo?

The team behind Evedo is composed of professionals with diverse backgrounds in event organization, blockchain technology, and business development. The core team's experience in these fields drives the development of Evedo's marketplace and ecosystem, though the platform doesn't specify individual founders or team members on the given data. Typically, members of such ventures combine their expertise to address industry-specific challenges and improve sectoral practices through innovative technology.

How Does Evedo Work?

Evedo operates by utilizing blockchain technology to create an integrated platform where all participants in the event industry can connect and engage in transactions. The B2B marketplace is designed for the interaction among businesses, including event organizers, venue owners, ticket sellers, and service providers. Meanwhile, the B2C marketplace caters to the end consumers, allowing them to find, buy tickets, and experience events.

The use of smart contracts on the platform ensures trust and transparency in dealings, with automated execution of agreements upon meeting pre-set conditions. This reduces fraud, cuts costs, and eliminates many of the delays and inefficiencies associated with traditional event organization.

How Can Evedo Benefit the Events Industry?

The core advantage of Evedo is its ability to reduce the number of intermediaries involved in the event organization process. By connecting all stakeholders directly, Evedo can potentially decrease costs associated with commissions and fees charged by middlemen. It also improves transparency in the industry as transactions are recorded on the blockchain, which is tamper-evident and auditable by all parties.

Moreover, Evedo's platform can allow for quicker payments and settlements due to the use of digital tokens and smart contracts. The platform's potential to reach a global audience with reduced barriers to entry and streamlined processes can help event organizers and suppliers tap into new markets and expand their reach.

What Technology Does Evedo Use?

Evedo is built on blockchain technology, which underpins both its marketplaces. It leverages smart contracts to automate and secure transactions on the platform. Details on the specific blockchain used and technical features of the smart contracts are not provided, but typically, such platforms choose blockchains that support robust smart contract functionality and offer scalability to handle numerous transactions.

How Is Evedo's Token Used?

The Evedo platform has its own native token, denoted as EVED. This token is utilized as a means of exchange within the Evedo ecosystem. Transactions, such as payments to service providers, ticket purchases, and rewards, can be facilitated using the EVED token. Having a native token can optimize the transaction process and incentivize all parties to participate actively within the platform's ecosystem.

What Is the Total Supply of Evedo Tokens?

The total supply of Evedo tokens (EVED) is designed to be finite, with 17.8M tokens. Out of this, the 15.0M tokens are currently in circulation. A defined total supply can help prevent inflation and encourage token value appreciation over time, although this is subject to the dynamics of supply and demand.

Where Can You Buy Evedo (EVED)?

Evedo (EVED) can be bought on various cryptocurrency exchanges. You may purchase EVED tokens from Bitforex. Always ensure you are using reliable and reputable platforms when purchasing cryptocurrencies, and consider the security implications of transactions.

How Can You Store Evedo Safely?

To store Evedo (EVED) tokens safely, you should keep them in a secure wallet. Options include hardware wallets, which offer offline storage and protection against online threats, or software wallets that provide convenience and ease of access. Always practice safe storage by using strong passwords, enabling two-factor authentication, and keeping backup of your private keys in a secure location.

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