TokenStub - Event ticketing marketplace
TokenStub is a decentralized infrastructure for event ticket sales, which aims to disrupt the $33 billion event ticketing industry. The ticketing industry is plagued with problems. Consumers are blocked from the primary market due to the proliferation of sophisticated resellers who use bots to buy up the majority of tickets. When consumers are able to access the primary market, typically only subpar seats are available – and customers must pay exorbitant fees to secure those seats. If tickets to an event are sold out, consumers typically turn to the secondary market to source their tickets. On the secondary market, they also pay high fees and risk fraud due to the lack of transparency.
STO/ICO Status
Claim this listing and publish updates.
Basics
| Platform | N/A |
|---|---|
| Type | N/A |
| Accepting | BTC, ETH |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
TokenStub’s blockchain-based decentralized ticketing platform provides natural solutions to many of these challenges and promises a fair, efficient and secure marketplace for both buyers and sellers.
Greater access
The TokenStub platform utilizes a unique profiling and queueing system to ensure that real customers are able to access the primary ticket sales market rather than bulk ticket buyers. This ensures that individual customers have greater opportunity than the scalpers to purchase front row seats.
Lower fees
TokenStub has fewer overheads than a centralized ticketing marketplace and is able to distribute those savings to both the buyers and sellers. TokenStub only charges the seller a low 1% service fee on the price of each ticket sold in the marketplace. Service fees are used to cover TokenStub’s operational expenses. Resold tickets incur a 5% fee passed on to the previous holders of that ticket. Buyers do not pay any fee.
Transparency
Unlike traditional sales channels, all transactions occurring on the blockchain can be viewed by the entire community. In the current market, there is no way to determine if a primary ticket seller has released a small portion of their tickets on the primary market and subsequently dumped the rest on secondary markets with a massive markup, which seems to be a common technique in the industry.
Seller incentives
With traditional ticket sales, after a transaction is complete, the seller no longer has any ties to that ticket. With TokenStub, upstream sellers of the tickets continue to collect revenue each time the ticket is resold. Whenever a ticket is resold, 5% of the profit over the previous sale is charged as a fee and distributed evenly between all previous sellers of the ticket.
Team
