GET Protocol has just announced that a new ticketing company will make use of its blockchain-based ticketing solution. ITIX is the name of the company, and they sell 2 million tickets every year. It is the second company to make use of the protocol.GET in a nutshell'GET Protocol' is a backbone that can be used by any ticketing company worldwide to instantly issue safe tickets that can not be resold by scalpers or unwanted third parties. It doesn't require any knowledge of blockchain or cryptocurrency for its users. So far, over 200.000 tickets have been sold to people who have no idea that they were made wallet holders in the process.Also, just today, another user of the protocol, GUTS Tickets, is having a sale for several stadium shows in 2020 for a Dutch pop star, which is being called the biggest blockchain-ticketed event to date:https://www.iq-mag.net/2019/06/guts-guus-meeuwis-biggest-blockchain-show/#.XPoVkZ8a9TYToken usageThe protocol requires the 'GET' utility token from the ticketing company that uses it, serving as a transaction cost and fuel for every ticket that is sold. These tokens are then bought from holders in the open market.For the full announcement and more GET Protocol news, check out the new update blog:https://medium.com/get-protocol/update-may-19-6b2053098d8cYou can ask any questions you may have about GET Protocol below and I'll try to answer all of them!
Submitted June 07, 2019 at 03:12PM
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