Update March ’19
Klaytn, a record breaking sale, the biggest buyback to date, and international progress: it’s been a newsworthy month to say the least! Catch up on everything going on with GET Protocol right here.
There are a lot of developments to dive into, so grab a snack and a drink and settle in!
For the record!
It already seems like ages ago, but we started off this month with a huge sale and a notable new record. On March 2nd, roughly 50.000 tickets were sold by GUTS Tickets in approximately 2 hours. This was a 33% improvement in speed over the September ’18 sale of a similar amount of tickets. A pretty decent step forward!
The sale was for tickets to Holland’s insanely poplar comedian Jochem Myjer, and it included several venues, spread out over the country. All consumers in the waiting line were given the possibility to highlight their preferred venue, and shown the likelihood of getting tickets for the venue of their choosing. If, during the time spent waiting, the tickets for that specific venue sold out, the consumer was given the choice of other venues where tickets were still available.
The sale resulted in 118.000 unique users visiting the GUTS website, and causing the GUTS Tickets app to trend on the Google Play store and top the charts as the most popular free app in the ‘Amusement’ chart in the Dutch iOS App Store. Due to Jochem Myjer’s unbelievable popularity, there were still people who had to be disappointed.
On the day of the sale, the GUTS Tickets app was downloaded over 2000 times. As per this writing, the total amount of app downloads is:
Android: 11,875 active installs.
iOS: 16,945 App Units.
The sale and the update record also captured the attention of local and international press outlets, resulting in some cool publications.
Some international attention for GUTS Tickets and the new record:
GUTS beats biggest blockchain ticket sale record | IQ Magazine
Amsterdam-based blockchain ticketer GUTS Tickets has improved on its previous record for the largest-ever blockchain…
GUTS smashes own blockchain sales record
Dutch blockchain ticketing company GUTS Tickets has broken its own 2018 record by selling 50,000 tickets in two hours…
Dutch Blockchain ticketing service breaks own sales record
Blockchain ticketing services have been around since 2017, although not many have proved their worth or value. However…
MGB mag (French article, requires a subscription)
File d'attente : GUTS favorise l'expérience client lors des mises en vente - MGB Mag
GUTS continue sa croissance avec de nouveaux chiffres records : la plateforme de billetterie, basée sur la blockchain…
Mainstream news in Holland covering the sale:
Ook laatste voorstellingen show Jochem Myjer snel uitverkocht
De laatste shows van Jochem Myjers voorstelling Adem in, adem uit zijn wederom binnen korte tijd uitverkocht. Zaterdag…
Laatste shows van Jochem Myjer in mum van tijd uitverkocht
De laatste shows van de voorstelling Adem in, adem uit van cabaretier Jochem Myjer zijn in sneltreinvaart uitverkocht…
This newly successful stress test proves that GUTS Tickets and GET Protocol are both ready for big(ger) things. The doors are now open for more large-scale and international events, which will be the focus for the time to come.
Time to come? As in now?
Yes, now! If you were on some sort of tech-free ayahuasca retreat for the past week you may have missed the big news. If so, hope you had a great time, and also: GET Protocol will join the Korean ‘Klaytn’ blockchain platform as an initial service partner.
This is exciting news, as we believe to have found a partner in Klaytn with a similar vision on mainstream blockchain adoption with a significant and reliable backer: Kakao, Korea’s largest mobile platform, with over 50 million monthly users.
“Klaytn is a service-centric blockchain platform that provides easy development environment and friendly end-user experience. It is an advanced hybrid platform, combining an enterprise-grade performance based on solid reliability and significant stability with an open access in a decentralized trust system. The platform allows real world applications of large scale to be produced right away.”
The Klaytn blockchain is being developed by the blockchain subsidiary of Kakao: Ground X.
In the coming months, we will actively be exploring and testing the technical capabilities of Klaytn, with every intention of joining their blockchain when it goes live and the Ground X team delivers on their goal of developing a scalable blockchain platform.
Ground X recently raised 90 million in a private coin offering for Klaytn, and plans to raise more in the time to come.
South Korean Kakao Corp's Ground X Plans to Extend ICO After Raising $90 Million
The next phase of the fundraising could occur this week, an executive told Bloomberg, on behalf of the company's…
Of course it is still early days, as the Klaytn mainnet is scheduled to go live in June of this year. Thus it is important to note that the time to come is meant to further examine whether the partnership can lead to the expected and desired results, on the areas of business development as well as the technical side.
If this proves to be the case and we find that a move to the Klaytn blockchain will be beneficial to GET Protocol, its users and its community, we will make the switch. This will not be in the near future, so no action needs to be taken with regards to your tokens. As we have stated before, GET Protocol has always remained blockchain agnostic, hence a move like this would have little to no impact on current and new business.
If indeed a token swap will take place, we will announce this way ahead of time, along with a summary of our findings and motivation for the switch. Either way, we will of course not be diluting the value of the token.
We are very excited about the vast array of new possibilities already emerging from this partnership, and we will keep you updated on relevant developments as they move along.
“GET Protocol will be the first BApp in the ticketing vertical to partner with Klaytn. With Kakao’s market influence at large throughout various life-style services in Korea, the partnership is expected to cause much synergy in bringing real-life blockchain use cases to the market…”
The news was picked up by outlets from across the world, here’s a quick overview:
카카오 그라운드X, 추가 파트너사 9개 공개...6월 말 메인넷 출시
키뉴스 유다정 기자] 카카오의 블록체인 기술 계열사 '그라운드X'가 서비스 파트너 9곳을 추가로 공개했다. 일본∙네덜란드∙아르헨티나 등 해외 기업이 다수 포함됐다. 총 26개의 파트너를 확보한…
카카오 블록체인 플랫폼 '클레이튼(klaytn)'...6월말 메인넷 출시
일요서울 ㅣ이범희 기자] 카카오의 블록체인 기술 계열사 '그라운드X'가 19일 카카오 판교오피스에서 '클레이튼 파트너스데이'를 열었다.이날 행사에서 그라운드X는 현재 개발 중인 글로벌…
[데일리 블록체인] 카카오 블록체인 '클레이트(Klaytn)' 파트너스 데이 개최
카카오 블록체인 클레이튼 개발사 그라운드X가 19일 클레이튼 파트너스 데이를 진행했다. 그라운드X는 글로벌 블록체인 플랫폼 클레이튼의 향후 계획과 신규 파트너사를 추가 공개했다. 발표자로 나선 그라운드X 한재선…
카카오 블록체인 계열사 '그라운드X', 6월말 메인넷 출시
카카오의 블록체인 기술 계열사 '그라운드X'가 19일 오후 카카오 판교오피스에서 '클레이튼 파트너스데이((Klaytn Partners Day)'를 열었다. 이 날 행사에서 그라운드X는 현재 개발 중인 글로벌 퍼블릭…
Other parts of the world:
GET partners with Korean blockchain platform Klaytn
GUTS Ticketing's GET Protocol has linked up with Korean blockchain platform Klaytn as one of its initial service…
PR Newswire - Project & Infrastructure Finance | LatinFinance.com
Kakao's blockchain project Klaytn lists 3rd batch of initial service partners
Klaytyn, a public blockchain platform of the leading South Korean mobile platform Kakao reported today that its…
Kakao's Blockchain Project 'Klaytn' to Lead Mainstream Adoption of Blockchain: Announcing the 3rd…
Klaytn mainnet to be released at the end of June Service providers with massive user base join Klaytn for scaling the…
And that’s not the only news!
Get in the Ring Chain Reaction is the first event GUTS will be ticketing abroad! It will take place in May of this year in Cyprus. Tickets are available here:
GUTS Tickets | Get in the Ring Chain Reaction — Bigger. Better. Bolder!
Bestel tickets voor Get in the Ring Chain Reaction — Bigger. Better. Bolder! op zaterdag 4 mei 2019 in Radisson Blu via…
Get in the Ring have previously ticketed events in Holland with GUTS, but this will be the first time we take the system across the borders.
“Get in the Ring is a global network of organizations that collaborate to tackle challenges faster. Together with partners in more than 100 countries we unlock opportunities for innovators like you. We connect and support you to grow faster and increase your global impact.”
After conducting several pilots with Get in the Ring and extensive testing of all facets of our system, we are excited to start getting more international experience under our belt.
It has already been a great and productive partnership, and we look forward to an even brighter future!
This month another new artist joined the fight against dishonest ticketing. Popular Dutch band De Staat announced a new set of dates for their tour, one show of which is going to be ticketed by GUTS!
A popular song and video from De Staat, which you may have seen:
You can get fair tickets for De Staat here.
The Australian-British band Dead Can Dance is coming back to Utrecht for two shows in May. Both shows are sold by GUTS Tickets.
Monday May 13th:
GUTS Tickets | Dead Can Dance -
Bestel tickets voor Dead Can Dance - op maandag 13 mei 2019 in TivoliVredenburg via GUTS Tickets
Tuesday, May 14th:
GUTS Tickets | Dead Can Dance -
Bestel tickets voor Dead Can Dance - op dinsdag 14 mei 2019 in TivoliVredenburg via GUTS Tickets
Podcasts and everything related to them are growing in every direction, including the event sector. For us this is means that we will be ticketing our first live podcast recording, for the last episode of this season for the ‘Man man man’ podcast. For tickets, check out the link below.
GUTS Tickets | Man Man Man, de Podcast - Live opnamen van de laatste aflevering van het seizoen
Bestel tickets voor Man Man Man, de Podcast - Live opnamen van de laatste aflevering van het seizoen op zaterdag 22…
The GET token is now supported by the Ethos Universal Wallet. About the wallet: ‘Store all of your tokens, coins and digital assets safely and securely on your mobile device. Track assets you have stored elsewhere — such as a hardware wallet or an exchange. Ethos Universal Cryptocurrency Wallet gives you a complete view of your entire portfolio in one place, with rich analytics to show your performance.’
We are continuously producing and releasing more videos on the GET Protocol Youtube channel. Check out the latest video, titled ‘What is the use case of GET Protocol?’ below:
[Vlogger voice:] Make sure to like & subscribe! Gucci!
Reviewing the Q1 2019 buyback
From blockchain developer Kasper Keunen.
On Wednesday March 27th, the first buyback of 2019 occurred. At exactly 14:00 local time the largest buyback to date for the GET Protocol opened. Just a few seconds later the demand for GET by GUTS Tickets’ 132 events ticketed in Q1 of 2019 was filled. In total, more than 72 000 GET was bought back from the open market.
The buyback -totalling €36 055 worth of ETH- was the biggest in size to date and attracted a large number of participants. The difference between the auction’s minimum buyback price (€0.50/GET or 0.00418 ETH/GET) and the open market prise posed a huge arbitrage opportunity for those able to participate.
First come, first serve?
The buyback’s quick ending sparked a lot of community discussion on the rules of the auction. With the main reason being that the participating sender that came in first paid more than $1300 in transaction fees. This type of participation is completely legitimate by current buyback rules. If you are interested in why we have taken this ‘less is more’ approach to rules surrounding the buyback, this is best explained in the following blog:
GET Protocol: First come, first serve rules
In this blog, the rules will be detailed of the factors that will determine when a buyback participation transaction is…
Improving the buyback mechanism
We do think there is some room for improvement when it comes to making the buyback more accessible. In the upcoming weeks you can expect a review on the buybacks rules and overall mechanism. This review will possibly lead to a set of new rules that will make future buybacks economically more efficient and generally more inclusive.
We love it when the community helps us in improving the protocol. If you have ideas or general feedback about the buyback we’d love to hear it on the GET Protocol subreddit!
Those that participated in the buyback can expect to receive either GET or ETH on the address they participated with before Saturday.
See you at the next one!
The GUTS ticketshop is now easily integrated as an iframe embed on the websites of artists, theaters and festivals. In order to optimize its effect, we made a new design that is even more user friendly and aimed at creating maximum sales conversion.
To create a seamless integration, the look and feel of the ticketshop can be completely customized to match the branding and style of the hosting website.
The integration of the ticketshop is as easy as adding some simple code to the host’s website. The new design will soon become the standard for the GUTS website as well.
And that concludes this month’s update blog! We are very excited about the recent developments in our quest for worldwide honest tickets, and hope you are too.
More news next time!
More about the GET Protocol
Any questions or want to know more about what we do? Join our active Telegram community for any questions you might have, read our whitepaper, visit the website, join the discussion on the GET Protocol Reddit. Or get yourself a smart event ticket in our sandbox environment. Download the GUTS Tickets app on iOS or Android.