UTIX

UTIX

Created using Figma
Created using Figma
Online E-Ticketing Platform. Decentralized event hosting and e-ticketing via smart contracts to provide more security, transparency and control. The UTIX Protocol is significantly different to alternative blockchain based event systems currently available on the market. Users enjoy all the benefits of using a blockchain system, without the complexities involved. The UTIX protocol ensures it always remains free for event organisers to use, through the use of our reserve fund lending mechanism. The practical and effective uses of Ethereum smart contracts ensure Event Organisers and Artists maintain control of their brand. The UTIX protocol can facilitate this cost-free mechanism by introducing the Reserve Fund; a wallet containing an amount of tokens that are distributed and redeemed following an event, enabling a cost free blockchain solution for event organisers.
ICO
Nov 1, 2018
Jan 31, 2019
47% completed
Raised funds - no Data
Cap 1 500 000 USD
Hard cap 18 000 000 USD
ongoing
Token Details
Ticker
UTX
Accepted Currencies
ETH, BTC
Company Details
Registered Country
British Virgin Islands
Additional Details
KYC
Yes
Categories
Platform

About UTIX

UTIX is an online, decentralised event hosting and e-ticketing platform that utilises smart contracts to reduce market inefficiencies and provide event organisers (EO) with variables they conventionally would not be able to control. Users and event organisers can buy or sell tickets through cryptographic signatures stored on a blockchain that cannot be altered or destroyed, removing the requirement of centralized servers, over-reliance on costly third parties and other negative externalities that arise through an unregulated free market mechanism.

UTIX, through our own protocol, can lend tokens to an event organiser to be distributed to a user when a ticket to their event is purchased. Through our user-friendly interface, an event organiser/user will have all the functionality of a blockchain, without the added complexities typically involved. By utilising smart contracts, we can reduce complication, cost, and minimize the threat of fraud.

UTIX is a BVI based entity, our mission is to develop and market the open-source UTIX protocol and disrupt the inefficient e-ticketing industry. The UTIX solution is to enable users and event organisers to seamlessly use smart contracts on the Ethereum network to control each of the variables that ultimately lead to market inefficiency. Fully develop and maintain the UTIX protocol, actively reducing recurring market failure. Protect the rights and value of Native UTIX token-holders. Work with and identify talent that can take the open-source UTIX protocol past just events, disrupting the entire ticketing industry.

The UTIX token is essential for the UTIX protocol to function, allowing the flow of tokens through our eco-system from Event organiser to user, almost entirely cost free. To allow event organisers to utilise the benefits of blockchain technology, they require a diverse utility token.

Features

To reduce the cost to Event organisers and ensure for them, UTIX remains completely free, we must have the ability to lend these tokens for distribution, allowing them to control secondary pricing, track legitimate tickets and combat against increasingly sophisticated algorithmic purchasing software.

It is here that most of the inefficiencies, failures and fraud occurs. Demand is treated as ‘inelastic’, regardless of price. However; tickets sold on the secondary market through the UTIX protocol are closely controlled by the event organiser using the token.

We feel users should be rewarded for their brand loyalty. Our aim is to maintain users, allowing them to accumulate their tokens as they purchase tickets for more events and use these tokens for future discounts and other offers.

 

UTIX Roadmap

  • 2013

  • Developing first model for a next generation e-ticketing platform. ClubCo.
  • 2015

  • Transitioned into cryptography.
  • Q3 2017

  • Drafted the concept of combining the software of ClibCo, blockchain software and mining.
  • Q1 2018

  • The initial beta of the protocol was built to test the viability of our idea. An immense success, the whitepaper was then drafted and UTIX was born.
  • Read More
  • July 2018

  • Following the sales implementation teams will spread over 67 countries.
  • 2019

  • The team will manage the adaptation of the project to the requirements of national regulators.

Activity

Posts:
27
VERY LOW
Followers:
29
VERY LOW
Likes:
26
VERY LOW
Followers:
1 737
LOW
Tweets:
1 847
VERY HIGH
30 Days Growth:
527
Members:
79
VERY LOW
30 Days Growth:
24
Alexa

Rank:
3 957 208
VERY LOW
Delta:
-10 087 903
Year commits:
11
Watchers:
1
Stars:
0
Forks:
1
Open issues:
2

Team

Verified 0%

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

Max Mayhew
Founder
unverified
Dylan Haupert
Founder
unverified
Mihkel Tali
Head of Back-End Development
unverified
Kris Pakala
Head of Front-End Development
unverified
Jerome Robinson
Community Specialist Manager
unverified
Jorge Otero
Blockchain Developer
unverified
Charles Levis
PR and Marketing
unverified

Advisors

Verified 0%

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

Nathan Howat
Advisor
unverified
John Bubalo
Advisor
unverified

Last News

N/A
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