Bitcoin, Cryptocurrency And Blockchain News

Altair VR: A decentralized Platform for VR Content

Pre-ICO due for 29th January


The potential applications of blockchain technology are almost endless. More and more companies are hopping on board because of the benefit of decentralization. Altair VR, a company dealing with educational content, have also decided to join in and develop something unique for its users. Let’s take a look at what they offer, and the upcoming ICO that’s expected to kick off on January 29th 2018.

Who Exactly Are Altair VR?

Even though Altair VR are just joining the blockchain network, they are not a startup. They have been in the industry of additional education for a period of 7 years, building some of the largest mobile planetarium networks in various regions, introducing astronomy to over 500,000 kids.

The company wanted to come up with ways to make the planetariums globally accessible and improve their quality, which is why they arrived at Virtual Reality technology. Their next project is developing a VR encyclopedia, which allows anyone to create their content as well as share their interpretations.

So, Why Blockchain Technology?

There are a number of reasons Altair VR chose to go with blockchain technology. For starters, the platform allows payments made to be completely transparent, not to mention with low commissions. Secondly, the ability to store data in a decentralized manner is key to stable and independent operations. The security of the content is also guaranteed as no third-party interference is possible. Lastly, the community will have the chance to manage their content, which is created via transparent voting.

Altair VR Pre-ICO

The pre-ICO for Altair is set to start on January 29th 2018, followed by the main ICO on March 12th 2018. Here are some facts about the AVR tokens:

  • Total supply of tokens is 100,000,000, and once all are supplied, production will cease
  • Minimum purchase is set at 0.1 ETH. The rate is 400 AVR tokens = 1 ETH
  • Tokens for the team members will be frozen for a period of one year
  • 30% of the tokens will go to bounty, 15% to investors team, 50% to the ICO and 32% to platform fund.

Altair VR Roadmap

The idea of VR started in Januar, 2017 when the company launched their very first spherical full-dome cinema in VR, allowing users with VR glasses to enjoy the planetarium as well as watch great films. In October 2017, the company launched international sales, venturing into other countries (apart from Russia).

They did not stop there. In April, 2018, they expect to launch the base platform on which educational experiments will be made available, and later add axes of space, time and scale in June 2018. Virtual Guru will then be added three months later ,and voting and tenders for developers to publish their educational experience will commence in November 2018. Crowdfunding will follow towards the beginning of 2019, and then eventually a virtual encyclopedia will be available by June 2019.

What are your thoughts about the Altair VR and its native cryptocurrency AVR tokens? Could the company’s idea to adopt blockchain technology and make the platform completely decentralized, be a wise move? Tell us what you think in the comments below.