GET Protocol
Crypto Overview
Purpose and Utility
GET Protocol is a blockchain-based smart ticketing solution that aims to eliminate ticket scalping and provide transparency in the event ticketing industry. The GET token is used as the fuel for all ticketing transactions on the protocol.
Business Model
The protocol generates revenue through small fees on each ticket transaction. These fees are collected in GET tokens, which must be purchased from the open market. Event organizers use the protocol to issue NFT-based tickets, while consumers receive mobile-first digital tickets that cannot be resold above face value.
Real-World Adoption
GET Protocol has demonstrated significant real-world adoption. As of 2023, the protocol has processed over 2 million tickets across various events. Multiple ticketing companies integrate GET Protocol, including GUTS Tickets, getTicket, and Deutsche Digital Tickets.
Platform Development
The project maintains active development with regular updates to its protocol. The team consistently releases new features and improvements, as evidenced by their public GitHub repository and quarterly reports.
Token Distribution
The GET token has a fixed supply of 23,368,773 tokens. The distribution includes allocations for the team and early investors with appropriate vesting schedules to prevent dump scenarios. The majority of tokens are in circulation and actively used within the ecosystem.
Revenue Model Analysis
The protocol's revenue model is based on legitimate business activities, primarily facilitating ticket sales and preventing fraud. There is no lending, interest, or gambling components in the core protocol.
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”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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