Jalan Sukses: ALTAIR VIRTUAL REALITY ICO REVIEW

Blockchain technology is the ideal platform for many forward-leaning tech startups. The unique nature of cryptocurrency offers innovative startups a highly effective method of generating capital outside of traditional venture capital investment through initial coin offerings.

2017 has brought us a wide range of different initial coin offerings that have focused on a broad spectrum of industries. The most popular and successful ICOs of the year have been those that attempt to combine cutting-edge blockchain technology with other promising tech, such as the Internet of Things.

A new Russia-based initial coin offering is intending to use the dynamic nature of blockchain technology to make virtual reality planetariums globally accessible. Altair VR is already a fully-fledged virtual reality experience platform that has launched a number of VR apps and operates VR educational planetariums in 15 different cities.

The Altair VR ICO is intended to assist Altair in establishing a completely novel concept- a virtual reality encyclopedia. In this article, we’ll take a look at the Altair VR ICO and find out what the platform plans to deliver should their offering succeed to help you determine whether it’s worth investing in.

Dissimilar to other ICOs, such as CryptF, Lendoit, Fintrux, and Quasar Altair has developed a virtual reality (VR) platform that offers amazing virtual experience to the world. The platform is managed by its community members via blockchain technology and also allows them to create and distribute VR experiences.

ABOUT ALTAIR VR

Altair VR is an existing platform that has been operating educational virtual reality experiences for more than seven years. During this time, Altair has established the largest network of mobile planetariums in the world, and has used their platform to introduce more than half a million children to astronomy.

Altair is also responsible for the world’s first fully spherical online cinema and spherical film, the Altair Fulldome Cinema. Individuals that possess Gear VR glasses are able to use this application to view both the Altair mobile planetarium, as well as experience truly immersive spherical film.

The Altair VR is intended to assist Altair in taking their education VR concept to the next level and create a fully VR encyclopedia focused on the natural sciences. The Altair VR encyclopedia will allow children to experience an immersive environment that assists them in learning about concepts including, but not limited to, chemistry, physics, geography, biology, and history.

Anybody using the Altair VR platform will be able to create their own fully VR content and share their perspectives and interpretations of knowledge. Content on the Altair VR platform is to be moderated with a voting system.

Altair’s CEO Konstantin Urvantsev has commented on the purpose of the Altair VR platform and the reasoning behind an ICO launch:

“The platform will be a global VR-simulator aimed at studying the world in all aspects and spheres.People will be able to study the structure of the earth, space, go on safari using only VR-glasses. And they will get the access to VR-films for tokens”.

ADVANTAGES of ALTAIR VR PLATFORM

It is an open education platform that allows users to create and monetize their own VR content.

When compared with its competitors, this platform offers the application at a cost-effective price.

With the VR Time Machine, you can see different historical events from different points of view.

The personal virtual assistant of the neural network will store your preference and offer new experience for you.

The Altair VR will help in your personal development and growth.

Benefits of using the blockchain in Altair VR platform

Storing data on the decentralized platform maintains the independence and stability of the system.

A transparent voting system to manage content creation of the community.

All platform payments are done through a transparent and secure way with low commissions.

Helps in maintaining full control of copyrights and content royalties.

ALTAIR VR ICO

Judging from Urvantsev’s explanation, it’s clear that the tokenization of the Altair platform will serve a clear purpose- users will pay to view content on the Altair platform with native Altair VR tokens. Interestingly, Altair appears to intend to incentivize the participation of professionals in the educational ecosystem.

A geography teacher, for example, would be able to develop a high reputation index on the Altair VR platform by creating and sharing content. In return for their services, the teacher would be furnished with native Altair VR tokens, which could then be used to purchase other content or traded on cryptocurrency exchanges.

Alexey Irkov, the CTO of Altair VR, has indicated that the platform intends to create a global community of content creators:

“We plan to invite not only specialists to create content on the Altair VR-platform but everyone who wants, which will make the technology global”

The Altair ICO is set to launch on the 29th of January 2018. The pre-ICO is already underway, and will run until the 26th of December 2017. 50% of the total amount of tokens generated during the initial coin offering will be made available for purchase, while 15% will be reserved for the team, 32% for a platform fund, and 3% for bounties.

The total amount of AVR tokens generated will be limited to 100,000,000, with a purchase price of 0.1 ETH per 400 AVR. All tokens reserved for the Altair team will be frozen for one year, a move that adds legitimacy and transparency to the Altair ICO.

After the launch of the Altair platform, a smart contract will burn 1% of the turnover of AVR tokens on a daily basis until only 10% of all original AVR tokens remain.

BENEFITS OF ALT TOKEN USE

The ALT Token is used for performing various transactions within the Altair platform, including transactions between moderators and franchise holders, app users and content writers and developers. The token is beneficial for avoiding unreliable fees charged by the traditional platform and save users money.

Other benefits and uses of ALT tokens include:
● Work as an access key to app:
The ALT token holder can easily access the Altair VR platform. The users can purchase tokens during the ITO or through digital currency exchange. It is mandatory that users should have ALT token to use the platform.

● Internal means of payment:
The platform will provide the benefits of paid and free apps. To enjoy the benefits of paid apps, the user needs to pay a certain number of tokens. They can buy tokens from digital currency exchanges which will raise the token demands and price in the market.

● Token and franchises:
The tokens can be used to pay the Altair franchise that offers services for kids. The franchisees have to make below-listed payments to the franchiser:
1. Initial Franchise fee: Payment for accessing the business, to train employees, and exclusive rights to run the business in a certain area.
2. Royalty payments: This fee will be calculated on the basis of franchise revenue and other payment services.
3. Payments for use of content: All transactions will be done via the ALT token within the platform. Franchisees will charge in their own currency for the services and use of tokens for paying due fees for using the platform
Token as access to the voting system

ITO DETAILS

Token sale details
● Total tokens to be issued : 1,000,000,000 ALT
● Minimum purchase amount : 0.05ETH. 1ETH = 10000 ALT Tokens
● Tokens for the team will be frozen for 1 year

Pre-ITO details
● Start Date of Pre-ITO : February 26, 2018
● Soft-cap : 500 ETH
● Bonus for participation : 25%
● Duration of last stage is 15 days or until the hard cap is reached

Main round of ITO
● Start date : April 16, 2018
● End date : May 31, 2018
● Hard cap : sale of all tokens

Bonus for Early Participants
● First day : 15%
● First week : 10%
● Second week : 7%
● Third week : 5 %
● There will be no bonus allocated after the third week

Token Distribution
● ITO : 50%
● Platform fund : 32%
● Team, Investors : 15%
● Bounty : 3%
● Advisory pool : 2%

Raised Fund Allocation:
● Markting: 50%
● R & D: 39%
● Team : 10%
● Legal: 5%
● Administrative: 5%
● Charity: 1%

MILESTONE

Q1-Q2 2018

Launch of the basic version of the platform. Introduction of scale, time, and space bars. Development of the virtual guru assistant.

Q3 2018

Developers present their projects of educational experiences, users vote on them and decide which content will be realized. Content development is financed using the AVR tokens stored in the trust fund. Each user can submit his or her content ideas to a community vote. The community decides to fund the development of the best experiences. Crowdfunding.

Q4 2018

The platform will offer a large enough number of experiences to create individual educational tours. Creation of classroom lessons for kids.

Q1 2019

Users will be able to upload and monetize their own VR content. Simple navigation based on a neural network is introduced, allowing for free travel and discovery. Instead of 3 axes, a multidimensional scale space will be introduced, enabling tag-based navigation.

TEAM