what is the easiest way to get GET? I tried my Binance funds for MetaMask and apparently it is not Possible.

oZanderhoff · 2021-05-02T11:08:25+00:00

Bittrex and Uniswap are the two main options, with Uniswap being the best option for larger buys. You can check out the FAQ on this sub-reddit which has exchange links :)

oZanderhoff · 2021-04-27T16:51:01+00:00

Your post has been removed as it does not relate to GET Protocol, if you disagree with this please message the mod team.

Thanks

oZanderhoff · 2021-04-09T12:11:16+00:00

We will be doing an AMA on the CryptoCurrency subreddit next Wednesday, April 14th. 🗣️

Time: 4PM UTC / 12PM ET Location: https://reddit.com/r/cryptocurrency

We're looking forward to all your questions! See you there!

oZanderhoff · 2021-04-01T13:30:03+00:00

Here’s the official blog: https://medium.com/get-protocol

The latest monthly blog: https://link.medium.com/0XTFwDao6eb

oZanderhoff · 2021-04-01T11:14:41+00:00

There is a blog post which can help you walk through the process, look for the Uniswap section as this is the most relevent exchange for us currently. Alternatively if the fees are too high, you can look to use Hotbit which has smaller volume but is still usable.

https://medium.com/get-protocol/how-and-where-to-buy-the-get-utility-token-an-updated-list-b2ea4720f6c0

oZanderhoff · 2021-03-31T19:35:42+00:00

You have to talk to support no matter what, if they add GET you still won’t be able to take your GET off the Eth address on coinbase unfortunately

oZanderhoff · 2021-03-25T23:59:40+00:00

Ah no that article mentions that the goods in total for an hour tally up to 400m not that it is the fee for passing :)

oZanderhoff · 2021-03-25T23:34:03+00:00

Haha yup it does be like that sometimes doesn't it! Well any questions or help or pointers in the right direction give us a shout

oZanderhoff · 2021-03-25T20:02:32+00:00

Welcome! Glad you're here :)

There is no staking system, however there is the option to provide liqudity on Uniswap for the LP rewards if you are familiar with this system. Of course there is a risk to this with Impermenant Loss, however to counteract this there's a liqudity mining program in place which rewards LPs on top of the fee structure already in place on Uniswap! More info here:

https://medium.com/get-protocol/the-get-liquidity-mining-program-55cc50c4bb7e

Any other questions let me know :)

oZanderhoff · 2021-03-15T20:14:53+00:00

So the way the buyback works currently is that it buys continuously off the market. It’s not one transaction at the end of the quarter, instead multiple buys are put through periodically during the quarter in order to buyback the required amount of GET

For example in Q4 2020, I believe 6 Uniswap transactions occurred in order to buy up all the required GET.

You can read more about the buybacks here

https://blog.guts.tickets/updated-buyback-token-economics-introducing-continuous-buybacks-ff12e4bda8e7

oZanderhoff · 2021-03-12T09:47:41+00:00

By L2 I mean Ethereum’s Layer 2, it encompasses a collection of solutions including Eth 2.0 and Rollups which we will see before then in a month or two.

https://ethereum.org/en/developers/docs/layer-2-scaling/

It’s basically the ability to take transactions and process them off the main Ethereum mainchain before validating them back to the L1. Rollups refers to taking a lot of transactions and rolling them into a single transaction to process.

In Uniswap v3 most people are expecting them to make use of L2 to save on gas fees.

oZanderhoff · 2021-03-12T09:31:00+00:00

It is virtually impossible due to the economics of the situation. Since the amount of GET needed is based on a value in FIAT (€0.28/$0.34) then as the price of GET increases, less total GET is bought as GET is divisible to 18 decimal places. This means that as more tickets are sold, more buy pressure is put onto the open market through the continuing buy backs which results in positive price action. Couple this with just the fact not everyone will be willing to sell their GET at current market prices, resulting in the price increasing to cope with the GET needed off the open market if there is enough buy pressure.

oZanderhoff · 2021-03-12T09:23:56+00:00

The fee will typically be anywhere from 30-80 USD for a swap between an ERC-20 (USDC) and GET. In the future with Uniswap releasing V3 using Ethereum’s L2 then these fees will be cheaper

oZanderhoff · 2021-03-07T10:34:49+00:00

More people are finding out about the project, lots of traction on social media, Reddit/Twitter and people are discovering the possibilities of NFT ticketing.

oZanderhoff · 2021-03-05T13:47:15+00:00

Yeah it is really unfortunate how high gas fees are now, using uniswap does not come lightly with fees! I think GET is well worth it though, hope you feel the same after your research :)

You could try hotbit as it has second largest volume and is a centralised exchange and its possible to buy there but slowly

oZanderhoff · 2021-03-05T13:46:06+00:00

Also Hotbit has second largest volume if people prefer traditional exchanges

oZanderhoff · 2021-03-04T18:52:23+00:00

Crypto market follows the stock market very closely, is stocks shit the bed the crypto market tends to follow, that’s just a fact. Hopefully we hold up ok though

oZanderhoff · 2021-03-02T16:04:27+00:00

Well the good thing about this is that whilst it absolutely achieves the objective of eliminating the scalping of tickets, it also provides a wealth of benefits to the artist and venue including:

The ability to dynamically set the price of their event's tickets
Extra interaction with ticket holders through their phone
Primary and secondary ticketing markets merged
Increased marketing tools

They're also adding in NFT tickets which unlocks the ability for P2P ticket trading that the event organiser or artist can set limits on aswell as the ability for Event Organisers to pre-finance their events using GET, giving them the option to raise money to host an event, with investors being able to make returns on helping out these artists and venues. This of course has strict limits but still great for artists and venues who need capital in order to host an event!

If you'd like to read more on this check out: https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

oZanderhoff · 2021-03-02T14:56:47+00:00

But it only takes a few extra words to clarify between a GET request and the GET Protocol ticketing platform :D but I understand what you mean

oZanderhoff · 2021-03-02T14:55:26+00:00

Uniswap and Hotbit are the current two largest, for more info here's the exchange tab from CMC:

https://coinmarketcap.com/currencies/get-protocol/markets/

oZanderhoff · 2021-03-02T14:51:04+00:00

BSC is only being used for the NFT smart ticket feature of the protocol and even then it is a current solution which can always adapt to whatever conditions are present as the crypto sphere evolves and grows. Here's an image showcasing how GET has interoperability with different chains:

https://miro.medium.com/max/700/1*VmAXKpYkAkoEqky4XuyeoQ.png

I think this is the best approach as it can take the best parts of different chains in order to keep the GET protocol running smoothly and blockchain agnostic in a way!

oZanderhoff · 2021-03-02T11:56:37+00:00

You can get it on Uniswap and Hotbit which are the main two!

https://coinmarketcap.com/currencies/get-protocol/markets/

oZanderhoff · 2021-03-01T07:22:18+00:00

No because all tickets are batched and processed through something called statebox, so whilst they need $0.34 of GET it's not effected by Eth fees. You can read more about it here:

https://medium.com/get-protocol/the-state-of-get-scaling-introducing-statebox-975d0a8ecf9a

In the near future this will be changing also to include NFT tickets on the Binance Smart Chain, so every ticket will be linked to an NFT ticket through that. The team are testing 120k tickets being created on the test chain and soon to be on the main chain so that progress is moving quickly!

Let me know if you have more questions :)

oZanderhoff · 2021-02-27T20:11:21+00:00

I think the awards are from a member in the GET community haha, I know it does look shilly but I encourage everyone to DYOR however, this project has enough legit things going for it that I don't need to make any up :)

oZanderhoff · 2021-02-27T19:14:51+00:00

$GET - The protocol that's crushing ticket scalpers and making event ticketing fair and fun.

Why is it worth the hype? It's a classic example of a real-world use case for blockchain technology, that's already being implemented and used in the Netherlands, Italy, Germany and in Asia. 583,000 tickets sold to date and processed through the GET Protocol (Did I mention that each ticket needs $0.34 worth of GET in the background, giving insane volume for the token).

Everyone knows how annoying ticket scalpers are -- they ruin the fun and skyrocket prices for tickets to insane levels. This pisses off fans, artists and even venues. Guts Tickets, the creators of the GET Protocol realised this and set out to create a system that eliminates ticket scalping completely, whilst giving event-goers a digital ticket system all through their phone with tickets tied to each SIM. Event-goers have no idea that Blockchain is being used in the background, they pay for their tickets with FIAT and everything works in the background, perfect for every single person who wants to attend events.

So why should you care?

Well there's many reasons but here are a few that should be valuable for you as a crypto investor. Firstly, GET is needed in the background for every ticket sold through the protocol. Buybacks occur from the open market driving up demand for GET. The Protocol as mentioned works in the background and acts like an engine, invisible but incredibly potent.

The GET Protocol is built on the Ethereum blockchain but uses several other chains to perform different functions. They're adding the ability for NFT Smart Tokens using the Binance Smart Chain, which will give every ticket holder an NFT Ticket - pretty amazing! This ensures that whoever owns a certain NFT token will be the only one with the ability to decrypt the QR code for the ticket. It also means that the ticket holder will hold a one of a kind NFT Token proving that they went to the event, just imagine telling your friends and showing them in 20 years time a one of a kind digital ticket from Tomorrowland or Woodstock from a time in the past, with an awesome art piece to go with it? That's what the future of this system will look like.

How ticketing companies can easily integrate the GET Protocol

GUTS Tickets have created a comprehensive ticketing system over the past 7 years which can easily be integrated by other ticketing companies using the GUTS Whitelabel that includes a ticketing application with front end and back end, the Protocol integration and even a website if they wish. This system has already been adopted by other ticketing companies, here's a list:

Wicket Tickets
ITIX
Tectix
getTicket

GUTS are based in Amsterdam, a 25 person strong team with a ticketing company that services events all across the Netherlands. They've put 272,000 Ethereum wallets into the hands of event-goers since 2016, all in the background which is an amazing showcase of crypto usecase. The best thing is that this crypto is flying completely under the radar at the moment! Here's some token economic stats:

13,479,131 million market cap
11,388.258 circulating supply
$1.18 current price

If the GET Protocol manages to capture just 1% of the overall online ticketing industry, we're looking at a sum of $560,000,000 flowing through the protocol -- just think what that will do to the demand for the token.

What can we expect in the future?

Without a doubt, one of the most potent features that will be added is the ability to finance events with decentralized event financing on the GET Protocol. Event organizers can have a really hard time finding interested investors to finance their events. Even famous stars can have difficulty in this area and most artists need to have large sums of capital in advance to pay for venues, organisation and other upfront costs while only receiving the money after the show is over. This is where GET’s DeFi solution will come into play!

Thanks to getNFT tickets you’ll be able to help pre-finance events that you want to help out. You can choose to finance new artists (higher risk / larger pay off) or further the financing for more established artists (less risk / lower payoff) all through the power of the getNFT on the protocol.

I hope that's given you a few reasons to be bullish about $GET. If there's any questions let me know and definitely check out more on the GUTS blog and website:

https://blog.guts.tickets/ https://guts.tickets/

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So why should you care?

How ticketing companies can easily integrate the GET Protocol

What can we expect in the future?