Search content
Sort by
Showing 20 of 23 results by Adnanzzz
First of all, here's a little into onto what GET protocol is:
The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.
GET has managed to atract a lot of adoption for its services (over 550k tickets sold). The ticketing companies using it (currently in The Netherlands, South Korea, Germany and Italy) see the advantages smart, blockchain registered tickets offer. Not only does it end scalping & fraud but smart tickets allow the event organisers to communicate with the ticket holder, give insight to real time data, merge the primary and secondary market, … and so much more!
https://miro.medium.com/max/700/1*iGBSv6b5QhmNZkokfk79DQ.jpeg
Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.
But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:
In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.
https://miro.medium.com/max/691/1*8HrYKoOw18H-KMcuqN1GFg.png
How is this possible?
It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:
- Crowd control
- Interaction with the ticket holders
- Paperless tickets scanning & payment
- ...
This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.
Looking ahead
If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).
Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.
With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.
Tokenomics & usage to push the price
The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.
I'm willing to bet that we'll see at least 5 million tickets in 2022:
5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $
You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.
If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).
Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.
As of this month all tickets issued by the GET protocol will become NFT's
Over 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:
Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
https://miro.medium.com/max/700/1*8fbhW3JaNM8xrAffbE64zA.png
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket trading
NFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer
…
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better. Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
https://bigthink.com/politics-current-affairs/scalping
The advantage for GET holders is twofold:
1) The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
2) every ticket exchanged in the secondary market is an additional statechange (= more GET needed)
Event financing
Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground. In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
https://miro.medium.com/max/2400/1*2KdphMSTNQakoaIOgbjcDQ.png
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:
1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)
2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.
3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
1) As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
2) As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue tickets(NFTs) in an honest and transparent way.
GET has managed to atract a lot of adoption for its services (over 550k tickets sold). The ticketing companies using it (currently in The Netherlands, South Korea, Germany and Italy) see the advantages smart, blockchain registered tickets offer. Not only does it end scalping & fraud but smart tickets allow the event organisers to communicate with the ticket holder, give insight to real time data, merge the primary and secondary market, … and so much more!
https://miro.medium.com/max/700/1*iGBSv6b5QhmNZkokfk79DQ.jpeg
Eventhough the price has been stagnant for years, the real usage of GET has only increased. I believe it's only a matter of time before GET protocol is picked up by the crypto space.
But worst case scenario - it doesn't - the buybacks will still push the price up on their own. Here's why:
In 2020 ticketing volume in general was down like 90-99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.
https://miro.medium.com/max/691/1*8HrYKoOw18H-KMcuqN1GFg.png
How is this possible?
It's possibly because ticketeers recognize the advantages of smart tickets. Once big events are a thing again (hopefuly this year) scalping will become important again (which GET elminates) but for 2020 the main selling point was:
- Crowd control
- Interaction with the ticket holders
- Paperless tickets scanning & payment
- ...
This means that GET has conquered a lot of marketshare from traditional ticketeers. Well mainly GUTS actually but the advantages GUTS brings, other ticketeers using GET will have too.
Looking ahead
If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it's safe to assume that they'll sell over 3 million tickets once everything is allowed again (2022 most likely).
Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you'll understand that we'll be seeing millions of tickets processed by the GET protocol.
With the whitelabel added (every ticketing company can start using GET protocol very quickly and easely now) many more ticketeers will join.
Tokenomics & usage to push the price
The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.
I'm willing to bet that we'll see at least 5 million tickets in 2022:
5 million * 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $
You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.
If the price would remain stable we'd see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn't used so I don't consider that as supply).
Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.
As of this month all tickets issued by the GET protocol will become NFT's
Over 60.000 sold tickets (that haven't ben scanned yet for the event) will be minted as NFT's this month. This means that tickets, after scanning can become collectables. But so much more:
Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
https://miro.medium.com/max/700/1*8fbhW3JaNM8xrAffbE64zA.png
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket trading
NFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
The ticket can be sold for only x% profit
x% of the trade profit goes to the event organizer
a certain trading fee goes to the event organizer
…
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better. Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
https://bigthink.com/politics-current-affairs/scalping
The advantage for GET holders is twofold:
1) The P2P market will atract more users (artists, venues, ticketing companies) of the GET protocol (= more GET needed in the primary market)
2) every ticket exchanged in the secondary market is an additional statechange (= more GET needed)
Event financing
Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground. In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
https://miro.medium.com/max/2400/1*2KdphMSTNQakoaIOgbjcDQ.png
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:
1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)
2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.
3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
1) As a GET holder you’ll be able to finance events and share in the profit of the ticket sales. This means that GET will allow you to profit without selling = passive income. An important note is that this is profit without inflation. While other DeFi projects give you returns by increasing the supply (and thus decreasing the value of the token) the returns here will not increase the GET supply, as the returns come from real profit(ticket sales).
2) As the GET token will be an integral part of this process, it will:- increase the buy pressure of the GET token (everyone who wants to participate will need GET)- decrease the supply (everyone who participates will have to locks his GET tokens).
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
Re: Hello everyone! Do you still have confidence in altcoin?
Most people will direct you to their bags. Most people are hoping that a bigger fool will come along and pump their bags.
If you want to be certain of nice returns then find a token that's really needed in an ecosystem that has adoption and great potential. That way you're not dependent on anyone else but the project you invest in. Unfortunately it's not easy finding such a project.
I personally believe the GET protocol is such a project and I see it giving huge returns driven by adoption and great tokenomics.
Read this blog to find out why:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
It's a pretty long blog but I promise it's worth your time if you give it a go
If you want to be certain of nice returns then find a token that's really needed in an ecosystem that has adoption and great potential. That way you're not dependent on anyone else but the project you invest in. Unfortunately it's not easy finding such a project.
I personally believe the GET protocol is such a project and I see it giving huge returns driven by adoption and great tokenomics.
Read this blog to find out why:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
It's a pretty long blog but I promise it's worth your time if you give it a go
Re: ---> Can You Sill Find Altcoins That Can Go Up 1000X Or even 2000X ???
Most people will tell you "you can" and direct you to their bags. Most people are hoping that a bigger fool will come along and pump their bags.
If you want to be certain of nice returns then find a token that's really needed in an ecosystem that has adoption and great potential. That way you're not dependent on anyone else but the project you invest in. Unfortunately it's not easy finding such a project.
I personally believe the GET protocol is such a project and I see it doing more than x100 in the future through adoption and great tokenomics.
Read this blog to find out why:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
It's a pretty long blog but I promise it's worth your time if you give it a go
If you want to be certain of nice returns then find a token that's really needed in an ecosystem that has adoption and great potential. That way you're not dependent on anyone else but the project you invest in. Unfortunately it's not easy finding such a project.
I personally believe the GET protocol is such a project and I see it doing more than x100 in the future through adoption and great tokenomics.
Read this blog to find out why:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
It's a pretty long blog but I promise it's worth your time if you give it a go
Re: My first researchy blog on an altcoin that's under the radar but set to explode
Yes of course get protocol is not a scam project and it's use case is fresh entirely, there is high chances that this token will be big in future but still it depends on the capability of the team, many projects have good use case but teams ruined them all, my advice? Invest only little amount of money you can afford to lose
Thanks for the advice Greatchu .
I have full confidence in the team. They work with some of the biggest artists in The Netherlands and have gotten a name for themselves in the ticketing industry as a company that's honest and transparent (in an industry plagued by foul players). So the team is the least of my concerns but a good hint nevertheless!
My first researchy blog on an altcoin that's under the radar but set to explode
I have just finished writing a blog about the GET protocol that I would like to share with you. The blog explains what GET is, what it does, what the future will bring and why I believe GET will be trading at €10 and more in the short future (triggered by adoption, coupled with great tokenomics). Don't shoot me if you haven't read it
The blog can be found here:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
The blog can be found here:
https://medium.com/@adnanzzz/the-bullish-case-of-get-protocol-451ad6059f2d
What role can blockchain(smart ticketing) play in the fight against Covid?
This article got me thinking: https://cointelegraph.com/news/managing-crowds-as-virus-restrictions-ease-will-take-guts
Could the solution as suggested allow for malls, beaches, parks etc. to open in a controlled and safe manner? Or is this a privacy dystopia?
My personal belief is that clever encryption could come a long way in this regard. Blockchain is not anonymous but pseudonymous, which in this case is ideal. A system does not have to know who you are, but if you might be infected.
Idea:
Infection risk scoring would be given to an address/wallet on Ethereum (or a comparable blockchain). For example a infection indicator could be sent in form of an certain NFT to a pseudonymous wallet? Only the owner of the wallet knows the address linked to their real world identity. When they have their ticket for a festival scanned all a smart ticket scanner would have to do is check if this person has a 'infection NFT' or not (a binary result) revealing nothing about a person beyond True/False..
Clearly cutting some corners here, but the idea of smart ticketing seems to make sense and using blockchain as settlement layer necessary as the data layer needs to be open to ensure privacy.
Risks
The risk of this system is that people would be able to figure out (by cross referencing data of other people they have access to, effectively doxing an address to a real world user). However I think a lot of tools are available that would make such doxing impossible (like weekly/daily mixing).
What are your thoughts? Does blockchain have a role here?
Could the solution as suggested allow for malls, beaches, parks etc. to open in a controlled and safe manner? Or is this a privacy dystopia?
My personal belief is that clever encryption could come a long way in this regard. Blockchain is not anonymous but pseudonymous, which in this case is ideal. A system does not have to know who you are, but if you might be infected.
Idea:
Infection risk scoring would be given to an address/wallet on Ethereum (or a comparable blockchain). For example a infection indicator could be sent in form of an certain NFT to a pseudonymous wallet? Only the owner of the wallet knows the address linked to their real world identity. When they have their ticket for a festival scanned all a smart ticket scanner would have to do is check if this person has a 'infection NFT' or not (a binary result) revealing nothing about a person beyond True/False..
Clearly cutting some corners here, but the idea of smart ticketing seems to make sense and using blockchain as settlement layer necessary as the data layer needs to be open to ensure privacy.
Risks
The risk of this system is that people would be able to figure out (by cross referencing data of other people they have access to, effectively doxing an address to a real world user). However I think a lot of tools are available that would make such doxing impossible (like weekly/daily mixing).
What are your thoughts? Does blockchain have a role here?
The next big thing in crypto will be something that's actually adopted. So something that solves a real world problem through blockchain and is being used.
I'm personally the most bullish about GET protocol. I started a topic about it but zero engagement sofar, which is a shame:
https://bitcointalk.org/index.php?topic=5223009.msg53768751#msg53768751
I'm personally the most bullish about GET protocol. I started a topic about it but zero engagement sofar, which is a shame:
https://bitcointalk.org/index.php?topic=5223009.msg53768751#msg53768751
GET protocol - a project making a difference in the ticketing world
I'd like to introduce you to a gem that hasn't really been discovered by the crypto community yet.
GET is a blockchain protocol that offers ticketing companies the abbility to issue digital tickets, ending scalping and fraud. So far 3 ticketing companies run on it:
1) GUTS: sold close to 400.000 tickets, runs fully on the GET protocol
2) ITIX: sells over 2 million tickets/year. Is being integrated now and will run fully on the GET protocol
3) A new Korean ticketing company: will be announced soon. Is already selling GET-fueled tickets and apparently it will involve k-pop stars.
Dozens of other ticketing companies from several countries have shown interest of moving their ticketing to GET protocol. Doing so is a low investment while they get several benefits by making their tickets digital:
1) the tickets can't be scalped or frauded with. This is a huge problem in the industry right now. Bots buy up tickets for popular events and resell them for 2x,3x,5x and more the original price. There is no added value to the buyer nor to the seller.
https://bigthink.com/politics-current-affairs/scalping
What GET is offering is a waterproof system like popular Dutch comedian Jochem Myjer tweeted recently (not one ticket has been resold at a bigger price on the secondary market):
https://twitter.com/jochemmyjer/status/1195757465738055680
2) Crowd control
3) Easy marketing
4) Interaction with fans
5) Dynamic price setting
And much more...
Now what does this adoption and usecase mean to the tokenholders?
You can compare GET to a gas that is needed to fuel the protocol (every state change of the ticket needs to be registered). So for every ticket sold GET is bought back from the open market and burned.
Scarcity should be the ultimate goal when investing in utility tokens because that's what will drive the price up. It is projected that at least 50% of the supply will be burned by 2022 and all that because of adoption and ticketing companies needing GET.
The big expansion is yet to come but you can track the expected buyback and burn numbers on a website a community member created:
https://get.powerplatz.nl
https://i.ibb.co/hCfkGDD/Knipsel.jpg
It basically tracks everything that's happening on the blockchain and projects the buyback/burn numbers based on the last buyback/burn. In that last quarter close to 100.000 tokens were burned.
Some of the Dutch artists that sell their tickets through the GET protocol:
- Kensington
- Jochem Myjer
- Guus Meeuwis
- BlØf
- ADE Osbcura
- ....
And many festivals. Basically every Dutch artist who isn't tied to a long contract and is indenpendent is working with GET/GUTS. Now the focus is international expansion.
GET protocol has done zero marketing in the crypto world but focused on building a product and creating real world adoption. Now that they have that adoption and are ready to scale, they have decided to start marketing the product in the crypto community. The goal of this is to create liquidity on the markets as the ticketing companies will need to buy a lot of GET from the market. That's why they partnered up with Kakao's Klaytn. Kakao is a huge company in South Korea and will open up the ticketing market for them. Listing on major exchanges is also expected in Q2 of this year.
Basically I consider this to be a gem that hasn't been discovered by the crypto masses. It has adoption, great tokenomics, solves a real issue through blockchain and has huge growth potential.
Dutch Oerrock festival shows GUTS
https://vimeo.com/258953277
How comedy artist Jochem Myjer beats ticket scalpers with blockchain
K-pop goes blockchain
GET 2020 vision Talking business development
GET 2020 vision Token economics review & outlook
GET 2020 vision CEO Maarten Bloemers
GET 2020 vision Whats to come in terms of marketing
GET 2020 vision Development update
Oerrock festival goes for GUTS!
Skalar Audio Obscura
Telegram:
https://t.me/getprotocol
GET is a blockchain protocol that offers ticketing companies the abbility to issue digital tickets, ending scalping and fraud. So far 3 ticketing companies run on it:
1) GUTS: sold close to 400.000 tickets, runs fully on the GET protocol
2) ITIX: sells over 2 million tickets/year. Is being integrated now and will run fully on the GET protocol
3) A new Korean ticketing company: will be announced soon. Is already selling GET-fueled tickets and apparently it will involve k-pop stars.
Dozens of other ticketing companies from several countries have shown interest of moving their ticketing to GET protocol. Doing so is a low investment while they get several benefits by making their tickets digital:
1) the tickets can't be scalped or frauded with. This is a huge problem in the industry right now. Bots buy up tickets for popular events and resell them for 2x,3x,5x and more the original price. There is no added value to the buyer nor to the seller.
https://bigthink.com/politics-current-affairs/scalping
What GET is offering is a waterproof system like popular Dutch comedian Jochem Myjer tweeted recently (not one ticket has been resold at a bigger price on the secondary market):
https://twitter.com/jochemmyjer/status/1195757465738055680
2) Crowd control
3) Easy marketing
4) Interaction with fans
5) Dynamic price setting
And much more...
Now what does this adoption and usecase mean to the tokenholders?
You can compare GET to a gas that is needed to fuel the protocol (every state change of the ticket needs to be registered). So for every ticket sold GET is bought back from the open market and burned.
Scarcity should be the ultimate goal when investing in utility tokens because that's what will drive the price up. It is projected that at least 50% of the supply will be burned by 2022 and all that because of adoption and ticketing companies needing GET.
The big expansion is yet to come but you can track the expected buyback and burn numbers on a website a community member created:
https://get.powerplatz.nl
https://i.ibb.co/hCfkGDD/Knipsel.jpg
It basically tracks everything that's happening on the blockchain and projects the buyback/burn numbers based on the last buyback/burn. In that last quarter close to 100.000 tokens were burned.
Some of the Dutch artists that sell their tickets through the GET protocol:
- Kensington
- Jochem Myjer
- Guus Meeuwis
- BlØf
- ADE Osbcura
- ....
And many festivals. Basically every Dutch artist who isn't tied to a long contract and is indenpendent is working with GET/GUTS. Now the focus is international expansion.
GET protocol has done zero marketing in the crypto world but focused on building a product and creating real world adoption. Now that they have that adoption and are ready to scale, they have decided to start marketing the product in the crypto community. The goal of this is to create liquidity on the markets as the ticketing companies will need to buy a lot of GET from the market. That's why they partnered up with Kakao's Klaytn. Kakao is a huge company in South Korea and will open up the ticketing market for them. Listing on major exchanges is also expected in Q2 of this year.
Basically I consider this to be a gem that hasn't been discovered by the crypto masses. It has adoption, great tokenomics, solves a real issue through blockchain and has huge growth potential.
Dutch Oerrock festival shows GUTS
https://vimeo.com/258953277
How comedy artist Jochem Myjer beats ticket scalpers with blockchain
K-pop goes blockchain
GET 2020 vision Talking business development
GET 2020 vision Token economics review & outlook
GET 2020 vision CEO Maarten Bloemers
GET 2020 vision Whats to come in terms of marketing
GET 2020 vision Development update
Oerrock festival goes for GUTS!
Skalar Audio Obscura
Telegram:
https://t.me/getprotocol
Re: How blockchain can solve ticket fraud and secondary market issues
Hello there. Just checked out more on GET protocol after finding out the thread, for sure everything looks more than impressing because of real results. I am not a huge fan of sports, but into music and read many articles on GET becoming main ticketing partner of Oerrock festival in the Netherlands. I have visited the festival for several times and great that guys together are working on increasing transparency and reliability, cause both things matter. And I have already bought tickets myself - everything works brilliant. Great solution with real value that works. Looking forward to even more partnerships down the roadmap. Pretty sure that this is exactly what team is focusing on right now
All GET can never be burned, for the simple reason that the amount of GET needed is set in fiat at every event cycle. As soon as the scarcity phase is reached, it will push the price up a lot, meaning less GET is burned.
It's a self regulatory system:
A lot of tickets sold => a lot of GET needed => a lot of GET burned => Scarcity => Price goes up => less GET burned => more tickets sold => more GET needed => more GET burned => scarcity => price goes up => less GET burned => ...
GET is also divisible up to 18 decimals so if they keep selling more and more tickets, somewhere in the future the monthly buyback could be let's say $10 million while GET is trading at $1000 a piece, which would mean that only 10000 GET is bought and consumed by the event organisers/ticketing companies.
Re: How blockchain can solve ticket fraud and secondary market issues
Blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits.
I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way.
The GET token is used and burned whenever a ticket is sold using the protocol. So far, it looks like already 300.000 tickets have been sold.
Most recently the team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..)
With Kakaos market influence throughout various life-style services in Korea, the partnership is expected to cause much synergy in bringing real-life blockchain use cases to the market.
The team is delivering loads of good news - just this week they announced that big festival 'Oerrock' will be using GET Protocol for their ticketing. This feels like exactly the type of crypto adoption we should see right now, I am very curious to hear your thoughts on market, its prospects, GET and other similar solutions with value.
I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way.
The GET token is used and burned whenever a ticket is sold using the protocol. So far, it looks like already 300.000 tickets have been sold.
Most recently the team announced that they are moving into the Korean market. On top of that, GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn, the blockchain subsidiary of Kakao (look that name up if you don't know it..)
With Kakaos market influence throughout various life-style services in Korea, the partnership is expected to cause much synergy in bringing real-life blockchain use cases to the market.
The team is delivering loads of good news - just this week they announced that big festival 'Oerrock' will be using GET Protocol for their ticketing. This feels like exactly the type of crypto adoption we should see right now, I am very curious to hear your thoughts on market, its prospects, GET and other similar solutions with value.
Yes, the problem and the market for this is enormous:
https://bigthink.com/politics-current-affairs/scalping
I like the idea and this one is good enough but the price is not following what already happened with it as it was getting dumped more than 90%. i know that the team has been selling the ticket but it's not so much as you said that the team sold no more than 200k ticket and in the last quarter of 2019 and the team can only sell small amounts of ticket. Remember about the demand will be the main thing to determine.
A better solution is needed and as you can see so many centralized trusted parties are offering the same thing and i guess the adopters of gets were crypto enthusiasts and that's why it can't sell a lot of tickets.
A better solution is needed and as you can see so many centralized trusted parties are offering the same thing and i guess the adopters of gets were crypto enthusiasts and that's why it can't sell a lot of tickets.
The price you are refering to isn't really indicative. It happened during the January 2018 crypto hype. The price went to 6-7$ very quickly and dropped just as quick, like with most projects. Ever since GET has been pretty stable despite most alts losing ridicilous amounts of value.
In the meantime more than 300k tickets have been sold (you can see the number on their website in real time: https://get-protocol.io).
The great thing is that with more tickets being sold, the larger the buyback will be.
Especially the integration of ITIX should be a huge boost for the buybacks. They sell 2 million tickets a year and with their complete integration coming I hope to see them alone generating at least 500k yearly buybacks when fully integrated.
Then there's also GUTS, the new Korean ticketing company and I expect more ticketing companies to join soon. With all that combined I think a yearly buyback of a few million is a very realistic scenario in a few years. You can imagine what that will do to the price, with these thin order books.
And then there's also the scarcity of the token: at least 50% of it will be burned by 2021 (and all triggered by adoption and the selling of tickets). Basically: the bottom is in. If GET goes any lower (which I don't expect but secretely hope it does) then the buybacks and burns will be even bigger than the 100k that was burned in the last quarter. They will be bigger anyway as the ticket sales are expected to grow by a big factor this year but you get the point.
I don't think that is true in any way. Ticket fraud almost always happens on external platforms not related to the use of an app. They are always encountered in social media websites where a lot of scams happens. There is no actual ticket being sold but just the illusion of the seller having it making the buyer pay for it first rather than to think it through. Even with technology involve you can't stop these scams from happening as long as they have other outlets of doing it.
Scalping or ticket fraud is simply not possible with GET. They have merged the primary and secondary market together, which means that the tickets can only be resold in their ecosystem, of which they determine the resel price of.
Here's an example of a tweet from Dutch artist Jochem Myjer:
https://twitter.com/jochemmyjer/status/1195757465738055680
To translate: he's saying since he's using GUTS (runs completely on GET protocol), not one of his 100k+ tickets has been scalped or frauded with. So the solution is already there and visible.
Re: [ANN] GET Protocol | GUTS.tickets | Revenue Producing Live Product | Real Usage
Interesting AMA from the project from a few days ago that shows how far in development and adoption they really are:
https://cryptodiffer.com/news/get-ama-recap
https://cryptodiffer.com/news/get-ama-recap
Re: [ANN] GET Protocol | GUTS.tickets | Revenue Producing Live Product | Real Usage
Here are some facts from a fan:
3 ticketing companies run on the GET protocol :
1) GUTS: sold over 250 000 tickets, runs fully on the GET protocol
2) ITIX: sells over 2 million tickets/year. Is being integrated now and will run fully on the GET protocol
3) A new Korean ticketing company: no details have been released yet but it's supposedly a big one
They are in talks with dozens of other ticketing companies from several countries to make the move (the investment is very low to do so). When they run on the GET protocol they get several benefits by making their tickets dgital:
1) the tickets can't be scalped or frauded with. This is a huge problem in the industry right now. Bots buy up tickets for popular events and resell them for 2x,3x,5x and more the original price. There is no added value to the buyer nor to the seller. It's a waterproof system like popular Dutch comedian Jochem Myjer tweeted recently (not one ticket has been resold at a bigger price on the secondary market):
https://twitter.com/jochemmyjer/status/1195757465738055680
2) Crowd control
3) Easy marketing
4) Interaction with fans
5) Dynamic price setting
And much more...
Now what does this adoption and usecase mean to the tokenholders?
You can compare GET to a gas that is needed to fuel the protocol (every state change of the ticket needs to be registered). So for every ticket sold GET is bought back from the open market and burned. Scarcity should be the ultimate goal when investing in utility tokens.I did a projected calculation with their new scarcity tool and with 2 million tickets sold next year we could burn 90% of the supply in 5 years. That means that the demand will keep eating the supply quickly and steadely and create a natural price growth.
https://i.ibb.co/pWwmDHt/EJm-PNYSXk-AAa-JSo.jpg
3 ticketing companies run on the GET protocol :
1) GUTS: sold over 250 000 tickets, runs fully on the GET protocol
2) ITIX: sells over 2 million tickets/year. Is being integrated now and will run fully on the GET protocol
3) A new Korean ticketing company: no details have been released yet but it's supposedly a big one
They are in talks with dozens of other ticketing companies from several countries to make the move (the investment is very low to do so). When they run on the GET protocol they get several benefits by making their tickets dgital:
1) the tickets can't be scalped or frauded with. This is a huge problem in the industry right now. Bots buy up tickets for popular events and resell them for 2x,3x,5x and more the original price. There is no added value to the buyer nor to the seller. It's a waterproof system like popular Dutch comedian Jochem Myjer tweeted recently (not one ticket has been resold at a bigger price on the secondary market):
https://twitter.com/jochemmyjer/status/1195757465738055680
2) Crowd control
3) Easy marketing
4) Interaction with fans
5) Dynamic price setting
And much more...
Now what does this adoption and usecase mean to the tokenholders?
You can compare GET to a gas that is needed to fuel the protocol (every state change of the ticket needs to be registered). So for every ticket sold GET is bought back from the open market and burned. Scarcity should be the ultimate goal when investing in utility tokens.I did a projected calculation with their new scarcity tool and with 2 million tickets sold next year we could burn 90% of the supply in 5 years. That means that the demand will keep eating the supply quickly and steadely and create a natural price growth.
https://i.ibb.co/pWwmDHt/EJm-PNYSXk-AAa-JSo.jpg
Not bad... not bad at all
https://twitter.com/GetProtocol/status/1172103763248787463?s=20
https://i.imgur.com/lZKmbJ8.jpg
https://twitter.com/GetProtocol/status/1172103763248787463?s=20
https://i.imgur.com/lZKmbJ8.jpg
Yeahhh.
Brought more 50000 UTN, now i print my ether private key, will put on bank chest and on 2019 i am a new millionaire
or maybe in next month, or maybe tomorrow.
You can follow them all the way. I found this project really good, and it was appreciated by people who learn technology like me.Brought more 50000 UTN, now i print my ether private key, will put on bank chest and on 2019 i am a new millionaire
or maybe in next month, or maybe tomorrow.But that UTNP not UTN if you keep this for long term than you will lost the chance to catch this train when swap event will happen. You should remember everyone who hold ETH based token they have to do swap once mainnet will get launched.
When maiinet will be launched? And how I can swap tokens if Ill buy tokens on cobinhood? Where I must keep tokens?
You can keep them wherever you want (Cobinhood exchange, metamask, myetherwallet, ... the best way would be to use myetherwallet and secure it with a ledger nano s).
You will be able to swap your tokens 1:1 once the mainnet is launched.
With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?
Re: [ANN][ICO] !!! ICO LIVE !!! | GET-Protocol | GUTS.tickets | Live Product
This is the most undervalued coin on the market today. With all those overvalued coins (without a working product but just promises) reaching marketcaps of billions, GUTS with an actual WORKING PRODUCT has a marketcap of 20-30m
It was even mentioned by the UK government as a solution to the ticketing problems:
https://www.gov.uk/government/news/2018-to-be-a-great-year-for-music-and-sport-fans-as-government-bans-the-ticket-tout-bots
Imagine the UK government starting to work with GUTS
This has a HUGE potential.
It was even mentioned by the UK government as a solution to the ticketing problems:
https://www.gov.uk/government/news/2018-to-be-a-great-year-for-music-and-sport-fans-as-government-bans-the-ticket-tout-bots
Imagine the UK government starting to work with GUTS
This has a HUGE potential.
txid: 2670f330b81947af83adfdfc3be0ae9c9941e1923a38f635424f740dd3cd7407
if anyone can get this confirmed I will transfer him $100
More info here: https://bitcointalk.org/index.php?topic=2591165.0
if anyone can get this confirmed I will transfer him $100
More info here: https://bitcointalk.org/index.php?topic=2591165.0