Eticket 4 - an international blockchain-based event tickets exchange.
Economics behind ET4 token
In the Eticket4 ecosystem a token holder can act as a platform participant, e.g. the event organizer, the ticket broker or the ticket buyer.
Buyers can cover up to 100% of the ticket price with tokens. When buyers use ET4 tokens to pay for the tickets, the Eticket4 platform requires commission of 2% instead of 30%. From each transaction 1% will be charged to pay the miners for the transaction and another 1% will go to either the Platform Development or the Lottery fund.
With a balance of more than 1,000 tokens, the ticket broker gets access to advanced analytical tools and ticket price forecasting features. Ticket brokers that receive ET4 tokens as payment can at any time exchange tokens for fiat money by selling ET4 on crypto exchange or on the internal Eticket4 exchange with 20% commission.
With a balance of more than 10,000 ET4 the event organizer can regulate the secondary ticket market through smart contracts, e.g. set price and volume limits on the tickets issued via Eticket4 platform, receive commission from secondary market transactions.
Eticket4 Platform at the moment
Eticket4 is an international secondary ticketing platform developed by Israeli entrepreneurs in 2015. Being an intermediary between various entities involved in the ticket re-selling process, the platform serves as a guarantor of transaction security, tickets’ validity, timely payment and delivery.
Token Sale Bonus Premiums
5% (1,000 - 2,000 ET4)
10% (5,001 - 10,000 ET4)
15% (10,001 - 15,000 ET4)
20% (15,001 - 20,000 ET4)
25% (20,001+ ET4)
6% (5 Days)
4% (6 - 10 Days)
3% (11- 20 Days)
1% (21+ Days)