A tokenized music fest — Thai Mystic Valley Festival starts today!
COVID pandemic has propelled organizers of Thailand’s Mystic Valley Festival to adopt blockchain technology — an innovative approach to make Thailand’s biggest music festival safer for its participants.
COVID pandemic caused by the SARS-CoV-2 virus can survive on common surfaces like banknotes for up to 28 days! This makes cash to cash transaction pretty risky for everyone. Since the onset of the pandemic Governments across borders are encouraging people to make cashless transactions. Organizers of the Thai Mystic Valley Festival recognize the need and have hence partnered with local cryptocurrency exchange Bitazza and blockchain start-up Fuse.io to mint its own token- MYST!
The two days long musical festival which is starting from today 27th November will be running till 29th November. MYST is going to be the token of choice for this two-day long event. Participants will be able to carry out all transactions across vendors using the MYST token. MYST intends to eliminate the need for paper money and make this event a safer affair for everyone. Apart, from this, attendees may even use other cryptocurrencies like Bitcoin, Ethereum, and USDT to make a cashless payment while at the festival.
Furthermore, for tokens that go unused, attendees will receive a refund in Fiat, as reported by the spokesperson of the event to Cointelegraph.
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