Links
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Overview
ICO Opening Date
Jul 7th, 2017
ICO Closing Date
Jul 28th, 2017
Description
Event hosting is an expansive and growing market, yet much like the financial industry, it suffers from constant, systemic challenges regarding fraud prevention, transfers of ownership and intermediary cost. Event hosts use a series of costly, legacy services to provide a solution for these challenges.
Ticket distribution services (Ticketmaster, Eventbrite) are used to simplify the ticketing process and to protect against fraud. The associated surcharge for these distribution services can be up to 15% of the ticket's value.
Intermediary services such as Stubhub are used in the p2p secondary market to combat fraud and counterfeiting losses. Industry wide, fraud losses exceed $1 billion annually. Many P2P transfer intermediaries charge excessive fees to both buyers and sellers.
A variety of advertising mediums and services are used to sell available tickets to an event. Advertising costs for an event regularly exceeds 20% of the event's overall budget.
Utilizing Ethereum smart contracts, Blocktix offers a near perfect solution to many of the current challenges facing event hosting businesses.
Technology
Blockchain Platform
Ethereum
Team
Members
Ryno Mathee - Architect
Rob Schins - Project Manager
Bojan Malešević - Project Assistant
James Campbell - Developer
Gerlof van Ek - Designer
Florian Mathieu - External Consultant
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
By Bhushan Akolkar on December 11th, 2018 Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
December 10th, 2018
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.
The U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.
The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.
The updated guide clarifies the Singapore central bank’s stance on how certain intermediaries should observe the rules determined by Anti-Money Laundering and Countering Financing of Terrorism policies.
In its first cases, the SEC has brought violations against Floyd Mayweather Jr. and music producer DJ Khaled involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy.
Maybe XRP cannot be classified as a security anymore. Max Rich, deputy counsel at the crowdfunding platform Republic says the SEC will use the DAO debacle that happened in the summer of 2016, as the cut-off point.
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