GET Protocol

Halal Rating :
Comfortable
Last Price $1.1 Last updated:
Rank 1155
1D Change 1.35 %
Market Cap $12.74m
Circulating supply 11,388,258
Maximum supply None

Crypto Overview

Categories
  • Events
  • Collectibles & NFTs

Purpose and Utility

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.

The protocol provides a complete infrastructure for ticket issuance, including QR-code based digital tickets that are unique and traceable. Event organizers can control ticket resale prices and receive royalties from secondary market sales.

Business Model Evaluation

The business model is straightforward and transparent: GET tokens are required for every ticket issued through the protocol. When a ticket is purchased, GET tokens are bought from the market and used to fuel the transaction. This creates genuine utility and demand for the token.

Real-World Adoption

The protocol has demonstrated significant real-world usage. As of 2023, over 2 million tickets have been processed through various ticketing companies using GET Protocol. Notable partnerships include GUTS Tickets in the Netherlands and integrations with several other ticketing companies globally.

Platform Development

The development team maintains regular updates and improvements to the protocol. The project has a clear roadmap and consistently delivers technical updates. The GET Foundation oversees the protocol's development and ensures its continued evolution.

Token Distribution

The token distribution appears reasonable with no excessive concentration among founders or early investors. The project maintains transparency regarding token allocations and usage.

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