Guaranteed Entrance Token

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Guaranteed Entrance Token?

The Guaranteed Entrance Token (GET) is a utility token built on the Ethereum blockchain, designed to facilitate secure and transparent ticketing for events. It powers the GET Protocol, which aims to eliminate ticket fraud and scalping by ensuring that tickets are authentic and fairly priced. The token is used to fuel the protocol's operations, and its supply is fixed, with no new tokens able to be minted.

How is Guaranteed Entrance Token used?

The Guaranteed Entrance Token (GET) is an ERC-20 token designed to facilitate the purchase of event tickets in a transparent and decentralized manner. It is the utility token that powers the GET Protocol, which enables the creation of NFT tickets for events worldwide. The GET token is used to fuel every NFT ticket, ensuring a seamless and secure ticketing experience for both buyers and organizers.

How do I store Guaranteed Entrance Token?

To store Guaranteed Entrance Token (GET) tokens securely, consider the following methods:

  1. In Memory:

    • Store the token in memory using a closure to prevent direct access. This method mitigates risks related to the file system on the device.
  2. Local Storage:

    • Store the token in local storage, but be aware that this method is vulnerable to attacks if not implemented correctly. Ensure proper encryption and secure handling of the token.
  3. Cookies:

  • Store the token as secure, HTTPOnly cookies with a SameSite value of Lax or Strict. This method is suitable for browser-based applications and ensures the token is sent only to the same domain.
  1. Server-side Storage:

    • Store the token on the server-side in a secure database or key-value store. This method is more secure as it keeps the token away from the client-side, reducing the risk of exposure.
  2. Native App Storage:

    • For native applications, store the token in a secure location such as the iOS Keychain or Android internal data. This protects the token from other applications running on the device.

Remember to always follow best practices for handling and storing sensitive tokens to ensure the security of your application and users.

How to buy Guaranteed Entrance Token?

To buy Guaranteed Entrance Token (GET) tokens, follow these steps:

  1. Choose a Crypto Exchange: Guaranteed Entrance Token (GET) is available on various crypto exchanges. Select a reliable exchange that supports GET trading. You can refer to the list of exchanges provided in the sources, which includes exchanges ranked by 24-hour trading volume and current price.

  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves providing personal details and verifying your identity.

  3. Deposit Funds: Deposit the required funds (e.g., Bitcoin, Ethereum, or fiat currencies) into your exchange account. The specific deposit methods may vary depending on the exchange.

  1. Search for GET: Navigate to the exchange's trading platform and search for Guaranteed Entrance Token (GET).

  2. Place an Order: Enter the amount of GET you want to purchase and set your desired price. You can choose between a market order (execute at the current market price) or a limit order (execute at a specific price you set).

  3. Execute the Trade: Confirm your order and execute the trade. Once the transaction is processed, the GET tokens will be credited to your exchange account.

  1. Store Your Tokens: For long-term storage, consider transferring your GET tokens to a secure wallet, such as a hardware wallet or a software wallet with robust security features.

Remember to always follow best practices for cryptocurrency trading and storage to ensure the security of your assets.

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History of Guaranteed Entrance Token

The Guaranteed Entrance Token (GET) was launched on October 13, 2017, by a team based in the Netherlands. The token aims to solve the problem of ticket fraud and scalping using blockchain technology. Since its inception, GET Protocol has issued over three million tickets across events large and small worldwide.

The GET Protocol is built on top of the Ethereum blockchain and is an ERC20 token. The token's role is to provide a secure and stress-free ticketing experience for users, prohibit commercial ticket resellers, and ensure that event organizers can manage ticket sales in a secure and controlled manner.

The GET Protocol has a fixed total supply, and no new GET can ever be minted. The token's supply is divided into different partitions, including public crowdsale, user growth fund, stability fund, team, and bounty. The total supply is 33,368,773 GET, with a circulating supply of 10,384,386 GET.

The GET Protocol has been used for various events, with thousands of NFT tickets processed daily. The protocol's products are designed to be user-friendly, allowing ticket buyers and event organizers to experience a seamless ticketing process without needing to know about GET, cryptocurrencies, or blockchain.

Today, the GET token is traded on various exchanges and has a market capitalization of around $16 million. The token's price has fluctuated over time, with an all-time high of $10.22 in April 2021 and an all-time low of $0.07661 in January 2019.

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How Guaranteed Entrance Token works

The Guaranteed Entrance Token (GET) is a utility token that powers the GET Protocol, a decentralized event-ticketing platform. Here's how it works:

Token Functionality
  • NFT Ticketing: GET is used to fuel the creation and management of NFT tickets for events. These tickets are stored and transferred on a blockchain, ensuring transparency and security.

  • Programmable: GET tokens are programmable, allowing them to execute specific actions automatically based on predefined conditions. This is achieved through smart contracts, which are self-executing contracts with terms written directly into code.

  • Supply and Demand: The total supply of GET tokens is fixed, and no new tokens can be minted. This creates a baseline demand for the token, which is influenced by ticketing activity on the platform.

Ticketing Process
  • Event Organizers: Event organizers use the GET Protocol to issue NFT tickets, which are then sold to ticket buyers. The protocol ensures that ticket sales are secure, transparent, and free from commercial resellers.

  • Ticket Buyers: Buyers purchase NFT tickets, which are stored in digital wallets. The GET token is used to facilitate the ticketing process, but buyers do not need to know about cryptocurrencies or blockchain technology.

  • Smart Contracts: Smart contracts automate various actions, such as ticket distribution, transfer, and pricing. They also ensure that the true value and cost of transactions are transparent and accounted for.

Key Features
  • Transparency: All transactions and activity are visible on-chain, providing a transparent and open ticketing experience.

  • Security: The use of blockchain technology and smart contracts ensures that tickets are secure and cannot be tampered with.

  • Flexibility: The GET Protocol allows for dynamic pricing and real-time accounting, making it a scalable solution for event organizers.

Overall, the GET token plays a crucial role in the GET Protocol by facilitating secure, transparent, and efficient event ticketing.

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Guaranteed Entrance Token's strengths

The Guaranteed Entrance Token (GET) has several strengths that make it a valuable asset in the ticketing industry:

  1. Security and Transparency: GET ensures a secure and stress-free ticketing experience by utilizing blockchain technology, which provides transparency in the true price and properties of the tickets sold. This transparency aims to eliminate middlemen from the value chain, increasing market efficiency and margins for stakeholders delivering actual value.

  2. Event Organizer Benefits: GET provides event organizers with a scalable ticketing protocol to manage ticket sales for any size events in a secure and controlled manner. It also allows for dynamic pricing of tickets, maximizing attendance and providing accurate re-marketing opportunities.

  3. User Experience: GET ensures that event participants enjoy a secure and stress-free ticketing experience. It also provides a simple and inexpensive way for ticket holders who cannot attend the event to securely sell their tickets to other consumers/users.

  1. Content Creator Benefits: GET prohibits commercial ticket resellers from disturbing the value chain, ensuring that artists can be certain that their fans pay a fair price for a guaranteed, authentic ticket.

  2. Venue Benefits: GET promotes a higher occupancy rate of the venue by providing users with an honest and fraud-free experience. It also allows venues to offer dynamic pricing of their tickets and accurate re-marketing to their loyal and non-scalping customers.

  3. Token Gating: GET can be used for token gating, which offers exclusive experiences or content to token holders, enhancing their engagement and providing a clear value proposition.

  1. NFT Ticketing: GET is the fuel that powers NFT ticketing, allowing for transparent and secure ticketing experiences. It has been used in various events, such as concerts and festivals, and has a fixed total supply, ensuring no new GET can be minted.

These strengths make GET a robust and versatile token that can significantly improve the ticketing industry.

Guaranteed Entrance Token's risks

Guaranteed Entrance Token (GET) carries several financial risks that investors should be aware of. These include:

  1. Regulatory Uncertainty: The regulatory landscape for tokenized assets is still evolving and lacks clear frameworks in many jurisdictions. This uncertainty can pose significant risks for investors, as the legality and recognition of their token ownership could be challenged.

  2. Technological Risks: Despite blockchain being secure, it is not completely immune to cyber-attacks, system failures, and other technological glitches. These risks can lead to the loss of investments.

  3. Market Volatility: The value of tokenized assets is heavily reliant on supply and demand dynamics in niche markets, which can be unpredictable and highly volatile. Market fluctuations can result in significant losses for investors.

  1. Illiquidity: While tokenization aims to enhance liquidity, this isn’t always the case for all tokenized assets. If there isn’t enough interest or active trading in a particular tokenized asset, it could end up being just as illiquid as its traditional counterpart.

  2. Token Price Fluctuations: The price of GET can fluctuate significantly, as seen in its historical price performance. For instance, its all-time high was $10.12 on April 1, 2021, but its current price is significantly lower.

  3. Trading Losses: The Smart Fund (SF) in the GET Protocol can make trading losses due to price bull runs on the open market after the purchase of event organizers. These losses are replenished by the User Growth Fund (UGF).

  1. Dependence on Event Ticketing: The value of GET is closely tied to the demand for event tickets and the adoption of the GET Protocol by event organizers. Any decline in the event ticketing industry or a failure to gain widespread adoption could negatively impact the token's value.

These risks highlight the importance of thorough due diligence and risk assessment for investors considering GET as an investment opportunity.

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Did Guaranteed Entrance Token raise funds?

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Guaranteed Entrance Token’s team

  • GUTS Tickets: The Guaranteed Entrance Token (GET) Protocol was initiated by GUTS Tickets, a team based in the Netherlands, aiming to solve the problem of ticket fraud and scalping using blockchain technology.

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