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PITCH – THE FUTURE OF OPPORTUNITY
The Pitch Investors Live app is available on the iOS App Store at time of writing. It connects unaffiliated entrepreneurs or project teams who wish to sell blockchain tokens as a method of Capital Accumulation to prospective customers who are using the app. Potential customers can request the entrepreneur or team to pitch their product and explain the benefits, costs, risks, and other pertinent information via a live streaming video. Simultaneously, other app users can watch and participate via text. The app does not endorse or recommend any entrepreneurs or project teams. Its function is to provide an easier way for project teams to connect with potential investors. An extension of this project will see major sections decentralized, and eventually it is intended to move all of the project onto decentralized systems such as Ethereum and IPFS. The reason for this is to ensure that anybody can present their project to the world and sell tokens for it, beyond the censorship of even their team.

PITCH Investors Live Platform: Current Version

The Pitch Investors Live platform is a software product which can already be accessed from an iOS app, and eventually from the web and Android devices. It allows entrepreneurs to create short summaries of their product or business, which their users can then easily sift through to find those in which they have some interest. The next step is for the potential token sale customer to invite the entrepreneur to pitch live via the platform. During this live pitch, other users of the app may watch as audience members. The platform also rebroadcasts the “show” live to Facebook Live and (soon) YouTube. Recordings are stored on YouTube. The following section describes the main features of the Pitch Investors Live platform that currently exists.

Entrepreneurs can create PITCH summaries

From the main page of the existing app, users can choose to create a pitch summary. At the time of the token sale, this is a paid feature. It can only be paid for by sending PITCH tokens to an Ethereum smart contract address specified on the website for Pitch Investors Live.

The entrepreneur Pitches another user via live video, in front of an audience

The pitch event takes place between two participants: an entrepreneur and a potential token sale customer (or oftentimes an expert reviewer). Pitch Investors Live does not participate. The participants connect via WebRTC video. After connecting, the entrepreneur’s job is to convince the expert that the tokens he or she is selling are worthy of purchase. The expert’s job is to learn as much about the opportunity as possible and make a decision about whether he or she is interested. The audience can view the discussion and contribute their own questions or comments by text entered into a chat box. The live broadcast is syndicated to Facebook, YouTube and other places where it can reach a wider audience.

PITCH Token Issuance

Total initial token count: 1,618,000,000 PITCH
Sold before token sale: 5% of initial supply at $20 million valuation.
Token sale: 20% of initial supply.
Operations: 20% (e.g. business development, incentives for partners, marketing initiatives)
Team, Legal & Bounties: 25%
PITCH rewards (issued to on-platform experts): 30% (20% of remaining tokens issued every year) Payout scheme for reviewers and experts to contribute to the platform In order to incentivize expert reviewers to examine token sales listed on the Pitch Investors Live platform, a rewards scheme has been devised that will issue tokens to those users who take on the role of letting entrepreneurs and project teams pitch them. Since the payout to contributing reviewers and experts will consist of tokens, for which there will be a market cap, the payout size as denominated in USD, ETH, BTC or some other currency is dependent upon the market cap of the tokens relative to that currency. The first year, this payout will amount to 6% of available tokens and the number of tokens awarded will reduce each year by 20%.
For more information, visit the Website or read the Whitepaper.
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