What is TokenStub?
TokenStub is a decentralized infrastructure for event ticket sales, which aims to disrupt the $ 33 billion event ticket industry. The ticket industry is plagued with problems. Consumers are blocked from the primary market due to the proliferation of sophisticated resellers who use bots to buy most of the tickets. When consumers can access the primary market, usually only mediocre seats are available - and customers must pay exorbitant fees to secure those seats. If tickets for an event are sold out, consumers usually turn to the secondary market to get their tickets. In the secondary market, they pay high fees and are at risk of fraud due to lack of transparency.
TokenStub's decentralized ticket chain platform provides natural solutions to many of these challenges and promises a fair, efficient and secure market for buyers and sellers.
Greater access
- The TokenStub platform uses a unique system of profiles and queues to ensure that real customers can access the primary ticket market rather than buyers who buy in bulk. This ensures that individual customers have more opportunities than resellers to buy front-row seats.
Lower rates
- TokenStub has less overhead than a centralized ticketing market and is able to distribute those savings to both buyers and sellers. TokenStub only charges the seller a service fee of 1% for the price of each ticket sold in the market. Service fees are used to cover the operating expenses of TokenStub. Re-sold tickets incur a 5% charge to the previous holders of that ticket. Buyers do not pay any commission.
Transparency
- Unlike traditional sales channels, all transactions that occur in the block chain can be seen throughout the community. In the current market, there is no way to determine whether a primary ticket seller has released a small portion of its tickets in the primary market and then deposited rest in secondary markets with a massive margin, which seems to be a common technique in industry.
Seller Rewards
- With the sale of traditional tickets, after a transaction is complete, the seller will no longer have any link with that ticket. With TokenStub, ticket sellers continue to make a profit every time a ticket resells. Each time a ticket is resold, 5% of the gain from the previous sale is charged as a commission and distributed evenly among all previous ticket sellers.
By creating the STUB token, which will be used as the currency in the TokenStub network, the platform has much greater control over fraud and can ensure that fees are kept to a minimum.
Token Sale Terms
- 200 Million Tokens Issued
- Maximum limit on crowdsale: $ 15 million
- Total token supply: 200 million (200,000,000) STUB, of which:
- 75% sold on the sale of tokens
- 4% reserved for tokens sales bonuses
- 6% guarantee for developers
- 5% assigned to the founders
- 4% assigned to consultants
- 3% assigned to marketing
- 3% assigned to legal matters
Accepted purchase methods: BTC and ETH.
For more information go to this link.