GET Protocol
Crypto Overview
Overview
GET Protocol is a blockchain-based smart ticketing solution that aims to bring transparency and eliminate ticket scalping in the event ticketing industry. The GET token serves as the fuel for all ticketing transactions on the protocol.
Intended Utility
The GET token is designed to serve as a utility token within the GET Protocol ecosystem. Every ticket issued through the protocol requires GET tokens to be processed, creating genuine utility. The protocol aims to solve real problems in the ticketing industry including scalping, fraud, and lack of transparency.
Actual Utility & Adoption
The protocol has demonstrated significant real-world adoption with over 2 million tickets processed through various ticketing companies including GUTS Tickets, getTicket, and integrators across multiple countries. On-chain data shows consistent token usage for ticket processing, aligning with its intended purpose.
Token Distribution & Governance
The token distribution appears fair with no excessive concentration among founders. There are documented vesting periods for team tokens and early investors. The project maintains transparent financial reporting and development updates through quarterly reports.
Technology & Revenue Model
The protocol generates revenue through ticket processing fees, not through interest or gambling mechanisms. The technology focuses on providing verifiable ticket ownership and preventing unauthorized resales, which aligns with Islamic principles of fair trade and transparency.
Development Activity
There is consistent development activity visible on GitHub, regular protocol updates, and continuous integration of new features and ticketing partners. The team prioritizes development over marketing, indicating genuine intention to build useful technology.
Crypto Impact
To assign a comfort level investing in GET Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to GET Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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