INTRODUCTION
AltairVR is a global Virtual Reality (VR) platform which brings the producers and consumers of VR experiences together into a single self-managed community.
The platform’s currency is the ALVR token. Access to the platform is facilitated by the token, which is designed to stimulate the growth of the project economy. Participants in the platform who perform content, creation moderation and other tasks in support of the community and platform will earn tokens The AltairVR team are leaders in Virtual Reality Education and will donate nearly a decade’s worth experiences to the encyclopedia and make them accessible to people throughout the world. The ALVR token will be made available during an Initial Token Offering event detailed further in the document.
Experience
We have launched two successful products on the market:
• Amazing Cinema for the English market, which enables any user to visit the planetarium wherever they are;
• And the Virtual Planetarium franchise that opens access to visual education for children from every corner of the world. What society needs now is a new way of discovering the world we live in. We are building a new global standard for VR akin to what National Geographic and The Discovery Channel did for TV .
VR Simulator of the World
Navigation within VR experiences will leverage tagging. For example, after a “walk” through the human body, a tag can be used to explore the structure of blood. Tags can also be used to explore in the opposite direction. For example, an investigation into the molecular structure of wood can transition to the types of trees by following the appropriate tag.
Like Wikipedia, the experiences use a form of hypertext to move between “worlds”.
However, not all VR experiences of this concept are interactive. Some of them are a visual, 360-degree video, or a simulation, allowing deeper understanding of the subject and, if desired, to dig deeper, moving into more detailed VR experiences. Alternatively, if the experience you want is not there, the community can be asked to create it.
Market Conditions
The virtual reality market is in an extremely active phase of growth. The volume of content sales has tripled since last year, and by 2020, according to the forecasts of SuperData Research, will be almost $40 billion, of which almost $20 billion pertains to content.
In 2018, the release of new VR devices from a number of manufacturers including Apple, Lenovo, and Microsoft, is expected. They are expected to reduce prices for popular models together with the release of new versions. This being a consequence of the VR revolution taking place.
The growth of the market volume is accompanied by the growth of investments in the spheres of virtual and augmented reality. All of the largest technology players are joining the industry, with Apple, Google and Microsoft all placing signifiant emphasis on their VR and AR readiness. However, it is not just investors in high-tech, but investors previously focused on other industries as well.
VR Projects and ICOs
Projects in the fild of VR and AR are appearing more and more and are in demand. Investments in the sphere of Gaming & VR hit $120 million on October 1, 2017, and this is just the beginning.
Decentraland, for example, is a virtual world project where each token owner has “digital land” on which to create their own VR experience.
Decentraland raised $26 million in 1 hour during their ICO. Because of how quickly they raised their funds, many augmented reality enthusiasts did not have time to participate in the project, which ultimately led to low community involvement.
Other projects worth noting:
• dmarket.io - a decentralized market for turning every virtual item into a real product.
• cappasity.com - a product that allows you to digitize items, which simplifis the creation of 3D content.
• www.arcona.io - is a global project on augmented reality that can become a standard in the industry in a few years.
All this helps to move virtual and augmented reality forward. The market is not yet saturated and more non-trivial VR/AR projects will allow the industry to develop thoroughly.
The main difference between the AltairVR platform and existing projects is the focus on revolutionizing learning and discovery with an emphasis on education.
The Utility of the Token
ALVR tokens will be used in all these transactions to remove the high fees charged by traditional platforms. The economic model underlying the platform balances the supply and demand of tokens in a way that incentivizes the production of new content.
Initial Token Offering
Participating in the ITO provides an opportunity to buy tokens early with a bonus - thus getting access to the platform at a discounted rate - as well as contributing to bootstrapping the project and being a founder and inflencer in the community. The minimum purchase at the ITO stage is 0.05 ETH.
There are 3 rounds of ITO:
• Private Pre-sale by the terms of participation, write a request by email [email protected] or in Telegram t.me/Altbar
• Pre-ITO runs from 23 July to 5 August 2018. The bonus for participants will be 25%
• ITO - coming soon. ITO also provides bonuses for early participants.
Funds Allocation Mechanism
The number of tokens sold during the ITO serves as the bases for funds allocation calculations. For instance, if a total number of 10 million tokens were sold and awarded as bonuses during the ITO, then the same number - 10 million tokens - will be allocated for the bounty campaign, advisors, the reserve fund of the platform, and the team. Each item’s share is calculated as a percentage of the grand total of 20 million tokens. Therefore, in our example the bounty campaign will receive 3% of 20 million, or 600 thousand tokens. The rest of the tokens are placed in the reserve fund of the company
• All the tokens allocated to the team will have a vesting period of 1 year.
• The bounty campaign tokens will be frozen for 45 days after the completion of the ITO.
• 50% of the tokens allocated to advisors and pre-sale participants will have a vesting period of 3 months
Team
More Information :
WEBSITE : https://altairvr.io/
ANN THREAD : https://bitcointalk.org/index.php?topic=2468761.0
TWITTER : https://twitter.com/altair_vr
FACEBOOK : https://www.facebook.com/altairvrico/
TELEGRAM : https://t.me/altairvr
MEDIUM : https://medium.com/@AltairVR
YOUTUBE : https://www.youtube.com/channel/UCJsxhzSjSF_uE5a-GcdY--A
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