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INTRODUCING TIXICO
Tixico is a blockchain-based ticketing service that both prevents counterfeiting and is cost-effective. Already seven companies (SynotTip Virslīga, FK Liepāja, Passport Productions, Austras balva, Tims Mints, ParaPops and Fuckup Nights Riga) have signed up to use Tixico once it's fully released in 2019. You can learn more about each of them here. Among them are organizers of concerts of Grammy-nominated and 150 million record-selling artists, hosts of charity sports events where NBA superstars participate, top-tier club football league in Europe and many more.
There will be a demo release of the platform in May 2018 and a pilot project launched in the summer of 2018. It's also worth noting that 70% of Tixico tokens will be available at the token sale and the hard cap of the project is set at 4.2 M USD.
TIXICO EXPLAINED
Tixico is a blockchain-based event management platform, which turns tickets into a virtual asset and offers support to event organizers to fund their events. It reduces counterfeit risk and ensures that resellers can potentially earn money by selling timely purchased tickets to highly-requested events in a managed, safe and controllable way. Furthermore, the power over this virtual asset ensures that the event organizer can set up a fee for each subsequent ticket sale in the secondary market and control the minimum and maximum trading price.
Additionally, Tixico offers crowdfunding functionality for events. Registered users can allocate funds for a profit share or buy discounted pre-sale tickets to events announced on the protocol. This functionality can lead to risk reduction and better planning for organizers of specialized or local events where the real demand can hardly be identified.
FUNCTIONALITY
The Tixico basic protocol consists of a primary and secondary ticketing market as well as a specific crowdfunding layer.
TICKETING
When purchasing a ticket, the user buys a virtual asset that represents the ticket on the blockchain. This has two benefits. First, this type of ticket is protected by the blockchain mechanism, which ensures the continuity of information and eliminates duplicates, offering a higher level of protection against ticket counterfeiting. Second, this unit can be resold on the secondary market. When the user attends the event, there are several entrance methods that he or she can use but all of them involve burning the ticket on the blockchain meaning there are no duplicates left.
Tixico provides the users and organizers with a safe, counterfeit-free secondary market that benefits both sides. The main advantage for the organizer is the fact that they can generate additional income from each sale of the ticket on a secondary market. This functionality also ensures that ticket scalpers will not be able to gain up to 1000% profit from each ticket because now secondary market ticket prices will be limited by predetermined limits set by event organizers.
CROWDFUNDING
To deal with today's problems on the ticketing market, Tixico will host a complete environment for event organizers, location owners, and sponsors. Most notably, the crowdfunding functionality. This allows for smaller or local events to attract much-needed funds before announcing the event to the public. It allows organizers to gain traction to their events and validate their assumptions before going further with planning the event. To reduce the risks for our users we will require the organizers to provide additional identification and a deposit to make sure the event is legitimate.
VIDEO
A picture tells more than a thousand words. Well, imagine how much a video could tell. Check it out here
TECHNOLOGY
The protocol layer is based on Ethereum smart contracts. The organizers and other users can interact with these contracts using a front-end web application provided by us or by our partners. The information is cached for reliability in a separate service layer.
MARKET
Nowadays almost no events are imaginable without an organizer's cooperation with the ticketing services, thus allowing this industry to become an important and lucrative part of the entertainment industry. It's estimated that in 2018 ticketing market in the EU amounts to approximately EUR 10.5 billion. This is a rapidly growing industry with expectations of the annual growth rate around 9.8% until 2022, resulting in a market value of EUR 15.3 billion. The largest market for entertainment, cultural and sporting event ticketing in Europe is the UK. It accounts for almost a third of the total sales volume in the European Union as in 2015 it was nearly EUR 3.3 billion in 2015, with forecasts to grow to EUR 3.8 billion by 2020.
Already SEVEN organizations have become Tixico partners and will be the first to adopt the technology, ensuring that within the first year of operations more than 100,000 tickets will be sold using the platform. These companies are: SynotTip Virslīga, FK Liepāja, Passport Productions, Austras balva, Tims Mints, ParaPops and Fuckup Nights Riga. You can learn more about each of them here.
TEAM
The team consists of seven professionals that are working round the clock to make this idea a reality – a smart contract developer, blockchain expert, developer and data scientist, legal expert, head of sales, head of marketing, and a graphic designer. Additionally, Tixico has a board of advisors – a selected group of experts from technology and event management industries.
CROWDSALE INFORMATION
Stay tuned for more information. For now – the bounty round is coming soon! Demo will be available this May, preivate sale will go live on June and this summer the first pilot project will be launched!
INTRODUCING TIXICO
Tixico is a blockchain-based ticketing service that both prevents counterfeiting and is cost-effective. Already seven companies (SynotTip Virslīga, FK Liepāja, Passport Productions, Austras balva, Tims Mints, ParaPops and Fuckup Nights Riga) have signed up to use Tixico once it's fully released in 2019. You can learn more about each of them here. Among them are organizers of concerts of Grammy-nominated and 150 million record-selling artists, hosts of charity sports events where NBA superstars participate, top-tier club football league in Europe and many more.
There will be a demo release of the platform in May 2018 and a pilot project launched in the summer of 2018. It's also worth noting that 70% of Tixico tokens will be available at the token sale and the hard cap of the project is set at 4.2 M USD.
TIXICO EXPLAINED
Tixico is a blockchain-based event management platform, which turns tickets into a virtual asset and offers support to event organizers to fund their events. It reduces counterfeit risk and ensures that resellers can potentially earn money by selling timely purchased tickets to highly-requested events in a managed, safe and controllable way. Furthermore, the power over this virtual asset ensures that the event organizer can set up a fee for each subsequent ticket sale in the secondary market and control the minimum and maximum trading price.
Additionally, Tixico offers crowdfunding functionality for events. Registered users can allocate funds for a profit share or buy discounted pre-sale tickets to events announced on the protocol. This functionality can lead to risk reduction and better planning for organizers of specialized or local events where the real demand can hardly be identified.
FUNCTIONALITY
The Tixico basic protocol consists of a primary and secondary ticketing market as well as a specific crowdfunding layer.
TICKETING
When purchasing a ticket, the user buys a virtual asset that represents the ticket on the blockchain. This has two benefits. First, this type of ticket is protected by the blockchain mechanism, which ensures the continuity of information and eliminates duplicates, offering a higher level of protection against ticket counterfeiting. Second, this unit can be resold on the secondary market. When the user attends the event, there are several entrance methods that he or she can use but all of them involve burning the ticket on the blockchain meaning there are no duplicates left.
Tixico provides the users and organizers with a safe, counterfeit-free secondary market that benefits both sides. The main advantage for the organizer is the fact that they can generate additional income from each sale of the ticket on a secondary market. This functionality also ensures that ticket scalpers will not be able to gain up to 1000% profit from each ticket because now secondary market ticket prices will be limited by predetermined limits set by event organizers.
CROWDFUNDING
To deal with today's problems on the ticketing market, Tixico will host a complete environment for event organizers, location owners, and sponsors. Most notably, the crowdfunding functionality. This allows for smaller or local events to attract much-needed funds before announcing the event to the public. It allows organizers to gain traction to their events and validate their assumptions before going further with planning the event. To reduce the risks for our users we will require the organizers to provide additional identification and a deposit to make sure the event is legitimate.
VIDEO
A picture tells more than a thousand words. Well, imagine how much a video could tell. Check it out here
TECHNOLOGY
The protocol layer is based on Ethereum smart contracts. The organizers and other users can interact with these contracts using a front-end web application provided by us or by our partners. The information is cached for reliability in a separate service layer.
MARKET
Nowadays almost no events are imaginable without an organizer's cooperation with the ticketing services, thus allowing this industry to become an important and lucrative part of the entertainment industry. It's estimated that in 2018 ticketing market in the EU amounts to approximately EUR 10.5 billion. This is a rapidly growing industry with expectations of the annual growth rate around 9.8% until 2022, resulting in a market value of EUR 15.3 billion. The largest market for entertainment, cultural and sporting event ticketing in Europe is the UK. It accounts for almost a third of the total sales volume in the European Union as in 2015 it was nearly EUR 3.3 billion in 2015, with forecasts to grow to EUR 3.8 billion by 2020.
Already SEVEN organizations have become Tixico partners and will be the first to adopt the technology, ensuring that within the first year of operations more than 100,000 tickets will be sold using the platform. These companies are: SynotTip Virslīga, FK Liepāja, Passport Productions, Austras balva, Tims Mints, ParaPops and Fuckup Nights Riga. You can learn more about each of them here.
TEAM
The team consists of seven professionals that are working round the clock to make this idea a reality – a smart contract developer, blockchain expert, developer and data scientist, legal expert, head of sales, head of marketing, and a graphic designer. Additionally, Tixico has a board of advisors – a selected group of experts from technology and event management industries.
CROWDSALE INFORMATION
Stay tuned for more information. For now – the bounty round is coming soon! Demo will be available this May, preivate sale will go live on June and this summer the first pilot project will be launched!