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 our team. The PITCH token sale will offer ERC-20 tokens, built on the Ethereum blockchain platform for sale to the public. A limited number of tokens will be created and a portion of those will be made available for sale. Tokens will be sold via the website at http://tokens.pitch.ventures.
Tokens will enable users to purchase services on the Pitch Investors Live platform and users will be able to exchange PITCH tokens for tokens that other project teams may present for sale on the Pitch Investors Live platform. At the time of the token sale, PITCH tokens will be consumable on the Pitch Investors Live platform by sending them to the platform at an address advertised on the Pitch Investors Live site. In addition, holders of tokens will be able to send them to users of the existing Pitch Investors Live platform, including project teams that present and, indeed, any address on the Ethereum platform.
The PITCH tokens are intended for use as payment on the Pitch Investors Live platform and any future versions of the platform that should arise. Another use includes exchanging them for tokens created by project teams that present on the platform. They are not intended as a speculative asset and users should not buy them with the assumption that they will increase in value. There should be no expectation of a profit from the purchase of these tokens.
Token purchase mechanism
One of the most important features we will be implementing is the ability for users of the app to purchase tokens. Each seller of tokens (the entrepreneur or startup) will allocate tokens for sale via their own crowd sale contract. The terms may vary according to the entrepreneur featured.
Interested parties may send PITCH tokens to the crowd sale contract address. Since PITCH tokens are ERC-20 tokens, and the featured entrepreneurs will also offer ERC-20 tokens, Pitch Investors Live will utilize a mechanism whereby the Ethereum address which sends PITCH tokens to the crowd sale address will be the recipient of the ERC-20 tokens offered in the crowdsale.
The Pitch Investors Live interface will make it easier for users to exchange tokens without copying lengthy and difficult-to-remember Ethereum addresses. It is our opinion that users should not have to concern themselves with the complications of the technology that powers their tokens and use thereof.
Pitch Investors Live will issue ERC-20 tokens in a limited time event, using an Ethereum-based token sale smart contract. The source code for each of these will be released as open source and made available to the public for critical analysis and transparency. The tokens will be immediately usable on the Pitch Investors Live platform that exists and on future versions of the same.
More details will be on whitepaper.
PITCH token sale
They will create a fixed supply of 1,618,000,000 (1.618 billion) ERC-20 tokens using the symbol, PITCH. PITCH will be divisible to 9 decimal places. The token sale will be conducted via Ethereum smart contracts. To purchase PITCH during the token sale, participants will send ETH to our token sale contract addresses, which will be displayed on our landing page, and we will immediately transfer ERC-20 tokens to the same address that sent the ETH. Participants will be invited to purchase tokens only after we have reviewed and accepted their identity.
They will offer 20% of the limited number of tokens via a series of eight (8) rounds, each offering the same number of tokens. Each round will have a fixed price that is higher than that of the previous round. When the tokens available for the first round are all sold, the second round will begin, and so on until all tokens are sold.
Read more: whitepaper