Blocktix is a counterfeit-resistant solution designed and developed for both individuals and event hosting businesses. The Ethereum-powered platform can offer solutions related to distribution, advertising, and transfer ownership of event passes and tickets.
Event hosting is fast-becoming a growing market with major expansion clearly visible for the future. However, the industry has been long plagued by instances of fraud and other similar happenings. The Blocktix platform has the technology and the systems to help entrepreneurs deal with the problem by utilizing the power of Smart Contract of Ethereum. The Blocktix platform will make use of the command of decentralization to take care of these systemic issues that the event hosting industry has been facing for long.
The platform will make use of an on-chain ticket distribution and combine it with a P2P ticket exchange along with the advertising network duly incentivized. This will help them create an event hosting platform that’s single source that can easily replace the current fragmented legacy systems.
Experts are of the opinion that the Blocktix platform can dramatically change the way event hosting companies manage their key areas of operations. Blocktix can help in reducing distribution, transfer and promotion costs by as much as 90 per cent. They can also create real time accessibility for event program enthusiasts to sell or buy tickets instantly without any hassles. These improvements have the potential to enhance the experience of customers while improving the ability of the event host to earn profits.
All members who take part in the crowdfunding will be rewarded by Blocktix with TIX – the token associated with the platform. The reward will be commensurate with Ethereum quantum they provide to Blocktix. TIX will be tied to a prefixed USD rate. The platform will offer four tiers of varying values. Each tier will have a total of 10.000.000 TIX.
According to the company, a sum total of 62.500.000 TIX will be created during the sale event. Of this, 64 per cent will be sold publicly while of the rest, 10 per cent will be marked for investors who come in early and the founders, 24 per cent will be for Blocktix BV and 2 per cent will be reserved for promoters and promotions.
The chances of Blocktix succeeding are high according to industry experts. This is because the advanced crypto-based, decentralized systems have the potential to reduce cost drastically while ensuring that efficiency is improved when compared to the commonly used centralized company systems.
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