Festy initial coin offering (ICO)

Payments for the Next Generation



Festy is a contactless payment and verification system that unites IoT and blockchain technology to benefit event organisers, merchants and consumers worldwide. By eliminating middlemen using blockchain technology, Festy offers merchants a more secure and data driven Point of Sale system. Festy provides consumers a convenient way to store payments, ticketing, identity and medical emergency information on contactless cards and wristbands. With Festy consumers can leave their wallet at home.

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Starts in 9 months ago
2018-10-29 - 2018-12-31
Token
FESTY
Type
ERC20
Price in ICO
1 ETH = 25,000 FESTY
Platform
Accepting
Soft cap
120,000,000 FESTY
Hard cap
1,000,000,000 FESTY
Raised
0
preICO start
Sep 7, 2018
preICO end
Oct 28, 2018
ICO start
Oct 29, 2018
ICO end
Dec 31, 2018
More on ICO
Report

About Festy ICO

Festy is the future of payments and events. By eliminating middlemen using blockchain technology, Festy offers merchants a more secure and data driven Point of Sale system. Festy provides consumers a convenient way to store payments, ticketing, identity and medical emergency information on contactless cards and wristbands. With Festy consumers can leave their wallet at home.
“Providing the consumer with a truly frictionless experience is the holy grail for the payments industry. This has already been achieved in-app with platforms such as Uber, but has yet to be translated in-store,”
Festy is a contactless payment and verification system that unites IoT and blockchain technology to benefit event organisers, merchants and consumers worldwide. The steady rise of music and culinary festivals taking place has presented undesirable cash flow and security implications. Festy can be the rescue remedy to these drawbacks. This solution is made possible by the ever growing use of smart devices and the advent of cryptocurrency.
Smart device ownership has expanded to 4.5 billion users worldwide and is forecasted to grow even higher in the near future. This trend has brought a significant level of technological convenience that vendors are integrating into their transaction process. Companies such as Samsung and Apple have introduced payment methods onto phones and wearables for consumers while vendors are utilising tablets as point of sale systems. These inventions, while innovative in design, are tied to middlemen services which prevents transactional analytics and comes with added fees.
The most well known cryptocurrency is Bitcoin as it is marked at the highest value and has appeared in mainstream media on multiple occasions. However, due to technical aspects such as network scalability and transaction time, spending Bitcoin is not suitable for quick everyday purchases. Festy gives users flexibility over what crypto or fiat currency they would like to use, thus maintaining low transaction and exchange fees. Merchants select what currencies they wish to accept and get paid in.
Merchants accepting Festy will set their own terms over chargebacks and there are potentially enormous savings to be made compared to the crippling fees from existing payment solutions. Users top-up their Festy “wallet” with cash, card or crypto using the Festy Pay app. Consumers and merchants can withdraw to cash using a Festy ATM at any time.
In Ireland alone, with a population of 4.4 million, there are upwards of three million VISA contactless payments (around 188 million transactions worldwide) per week. As an incentive to increase consumer adoption, there was no fee for the launch of VISA contactless payments which changed in 2017. There are currently 20,000 merchants accepting contactless payments in Ireland and this number is continuously growing. The convenience has shown increases in sales volume by upwards of 10%. This presents a valuable use case example that novel technology can quickly become adopted by the mainstream. Blockchain brings this innovation to the fore in terms of technology, privacy and security.
Unlike Visa and other financial companies, Festy does not store consumer data. With zero-knowledge proof people own their own data and they can choose to opt-in. In the current social, political and economic climate this is a huge selling point as this protects the consumer against “surgical taxation” that imposes a tax on people for poor lifestyle choices. With Festy people will always benefit from the very basis of sharing their data. Data is valuable but this profit does not currently trickle down to the consumer. Festy aims to empower and protect people. 

Festy reviews

PlumBot
ICO Analyzer Bot
Rated on Sep 15, 2018
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Festy ICO price

Price in ICO

1 ETH = 25,000 FESTY

Festy (FESTY) crypto

Festy coin

Festy token
FESTY
Festy type
ERC20
Festy platform

Festy (FESTY) value

Tokens for sale
1000000000

Festy investment info

Accepting
Min. investment
0.25 ETH
Distributed in ICO
50%
Soft cap
120,000,000 FESTY
Hard cap
1,000,000,000 FESTY

Festy whitepaper

Festy team

Apply as an advisor

Graham DeBarra

CEO

Festy

Jack Leonard

Director

Festy

Huíchí Man

Event Co-ordinator

Festy

Festy milestones

1
April 2017

WePower idea

2
April 2019

WePower idea

3
August 2018

WePower idea

4
December 2018

WePower idea

5
February 2018

WePower idea

6
January 2017

WePower idea

7
January 2019

WePower idea

8
July 2016

WePower idea

9
July 2017

WePower idea

10
July 2018

WePower idea

11
March 2018

WePower idea

12
November 2017

WePower idea

13
November 2018

WePower idea

14
September 2017

WePower idea

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