The company seeks to become the most secure blockchain-based P2P event ticket distribution and exchange platform with powerful analytical tools and an automated flexible loyalty program. A token holder, be it a loyal customer or a crypto investor or both, may cover up to 100% of the order total. (ii) Tokens can also be used by a re-seller to gain access to advanced analytical tools for better trading. (iii) Comission is 15 times lower for payments in ET4.
Buyers can cover up to 100% of the ticket price with tokens. Eticket4 platform requires commission of 2% when using tokens as opposed to 30% when using fiat. From each transaction 1% will be charged to pay the miners for the transaction and another 1% will go to either the Platform Development or the Lottery fund. Customers will be rewarded with ET4 tokens for the best match results prediction. Once tickets are successfully used the buyer receives 10% cashback in tokens. For World Cup tickets the token cashback volume is 20%.
With a balance of more than 1,000 tokens, the ticket broker gets access to advanced analytical tools and ticket price forecasting features. Ticket brokers that receive ET4 tokens as payment can at any time exchange tokens for fiat money by selling ET4 on crypto exchange or on the internal Eticket4 exchange with 20% commission.
With a balance of more than 10,000 ET4 the event organizer can regulate the secondary ticket market through smart contracts, e.g. set price and volume limits on the tickets issued via Eticket4 platform, receive commission from secondary market transactions. To launch the reward campaign for social media activity, check-ins at the event venue and reviews, the organizer must have a reserve of tokens to guarantee the fulfillment of obligations.