Token Stub

Token Stub

Created using Figma
Created using Figma
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. 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.
Risk: High
Sep 21, 2017
Jan 1, 2019
71% completed
Raised funds - no Data
Cap 15 000 000 USD
ongoing
  • 1 STUB
    =
    0.1 USD
Token Details
Ticker
STUB
Accepted Currencies
ETH, BTC
Company Details
Registered Country
USA

About Token Stub

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.

Features

TokenStub provides an alternative platform for buying and selling tickets, which promotes transparency while ensuring safety and security. The STUB platform boasts a profiling and staggered ticket release algorithm, which limits bulk purchases and promotes a level playing field. Ultimately, this ensures individual customers have a greater opportunity to purchase front row seats than the scalpers.

Technical Info

Technical details:  The TokenStub network relies entirely on Proof of Stake (PoS) to ensure network security and reliability. The source code:  The code is not available. Proof of developer:  Public team

Roadmap

  • Aug 6

  • ICO announced
  • Aug 18

  • Presale starts
  • Aug 23

  • ICO starts
  • Q4 2017

  • Wallets launch - allowing users to send and receive tokens, stake and host masternodes. Commence efforts to create STUB community governance. Trading STUB on public cryptocurrency exchanges. Money management consultants engaged for treasury.
  • Read More
  • Q1 2018

  • TokenStub platform on Testweb. Ongoing marketing efforts with venues and performers. Aggressive mid-tier and top-tier influencer marketing campaigns.
  • Q2 2018

  • Android and iOS STUB wallets release. TokenStub platform public beta release. API development. Partnerships with independent ticketing brokers, venues and entertainers.
  • Q3 2018

  • Android and iOS apps for ticket exchange platform. Mass marketing efforts to promote awareness, increase market share and exert influence on the ticketing industry. Negotiations with Ticketmaster's former exclusive partners. Release of decentralized governance to the TokenStub community.
  • Q4 2018

  • Continue mass marketing efforts for awareness and penetration into foreign markets. STUB Platform upgrades, wallet upgrades, IOS & Android application upgrades.
  • Q1 2019

  • Aggressive growth in market share along with platform add-ons for fan clubs. Additional APIs for 3rd party software developers. Initiatives for worldwide education and marketing.

Activity

Status:
Full Member
MEDIUM
Activity:
153
MEDIUM
Merit:
100
MEDIUM
Posts:
73
VERY LOW
Views:
4 171
MEDIUM
Followers:
753
LOW
Tweets:
3
VERY LOW
Members:
6
VERY LOW
Alexa
Rank:
18 816 615
VERY LOW
Delta:
12 264 370

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Sean McHale
CEO
unverified
Erik Velie
COO
unverified
Dr Philip Fernbach
CSO
unverified
Brandon Stuart
CMO
unverified

Last News

2.74

risky
5.0 2
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