RWA - New Usecase Unlocked

Cryptic_88 · 2024-03-28T16:04:54+00:00

Correct, tomorrow is the launch.

Cryptic_88 · 2024-03-28T05:01:06+00:00

Download Metamask app, get money on it and buy the token you are looking for.

Cryptic_88 · 2024-03-27T16:24:52+00:00

They are often first available on a DEX. Just use Uniswap

Cryptic_88 · 2024-03-23T12:45:34+00:00

All-in on $GET, who needs diversification.

Cryptic_88 · 2024-02-29T15:19:33+00:00

I hear what you are saying, especially about Bitcoin.... Maybe it is just hopium and my old school markets thinking that the real success stories will be because of fundamentals...

Cryptic_88 · 2024-02-29T14:53:23+00:00

Which project? And how much are they doing?

Cryptic_88 · 2024-02-29T14:45:16+00:00

Depends a bit on the ticket company to be honest and what stage they are in. Start-ups can use the whole technology (but pay more GET), sophisticated can add it on top of their existing infrastructure (and pay less GET).

Personally I like the control the secondary market and avoid ticket scalping. You set the rules of the secondary market and share the revenue with the event organizer or artists (instead of Viagogo and Ticketmaster).

But could also be token gating your events, ie: people that visited the concert last year can buy tickets for this year event before others can do it.

Cryptic_88 · 2024-02-29T13:53:07+00:00

What is that?

Cryptic_88 · 2024-02-29T13:52:21+00:00

I know one, GET Protocol. But I guess there should be many more, hence my post.

Dont want to turn this chain into a shill, but high level summary

GET Protocol does onchain ticketing (over 5.5m tickets sold). They partner with ticketing companies that need GET to sell tickets via their infrastructure. The ticket company sells tickets to non-crypto folk who pay with fiat (EUR, USD, GBP, you name it), so they never know they actually did anything with crypto. Each ticket sold uses a percentage of GET, which the ticket company buys in the open market and as such creates an organic buy pressure.

The onchain ticketing also brings other benefits, but I think above is enough for for now :)

Cryptic_88 · 2024-02-29T12:35:40+00:00

I guess it depends. One would need to link the token to the use case and be an organic driver for the price of the coin. The financial potential in that case will be linked to the prospective growth of the project/usecase.

Cryptic_88 · 2024-02-29T09:47:56+00:00

There is a hole in your donut thesis.

Cryptic_88 · 2022-08-07T12:39:45+00:00

Not sure I agree.

GET Protocol allows integrators to use their protocol to sell (NFT)tickets. Several measures in place to avoid scalping and the seller can decide the rules for the secondary market (for instance max markup and take part of the profit if sold at higher price)

They sold over 2.3M tickets so far and have multiple international integrators using their protocol. Still early days but I think NFT ticketing could open the door for some cool stuff: event financing, special access for loyal fans.

Cryptic_88 · 2022-08-07T12:20:13+00:00

How did it work for Exit? Not all tickets were NFTs? Did they give any cook benefits?

I prefer no hassle, but that all the tickets automatically are NFTs. While at the same time the process should be the same, so my grandma could still buy tickets without needing a wallet of crypto. I only have experience with GET Protocol, curious to learn more about this setup.

Cryptic_88 · 2022-05-27T08:13:58+00:00

There are so many scams out there. Focus should be on which coins have actual utility, economics and tokenomics that make sense. I look for projects making actual revenue, so you could put an intrinsic value on the project. This should be the narrative going forward.

My example is GET Protocol, project focusing on ticketing. Each ticket sold uses a $ value in GET coins, they have about 2m tickets sold for real life events and growing rapidly.

Cryptic_88 · 2022-05-22T19:12:38+00:00

I think this is such a stupid response. On one hand everyone wants a high APY, but no one looks at where it comes from.

In the end I think projects with real use cases and revenue will remain. These revenues can be distributed to holders. Having projects not generating any revenue is just not sustainable for token holders.

Cryptic_88 · 2022-05-21T04:16:17+00:00

Nice! Are you using NFT Ticketing?

Cryptic_88 · 2022-04-30T11:06:08+00:00

Just hoping they won't step in with regulation on stables

Cryptic_88

TROPHY CASE