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That's bad news. We expect ICO to make hardcap in first few days, the more ICO phase the worse the situation goes for previous examples. I hope this won't affect the money raised for GUTS.
Hi oturanbilboa! While hitting the hard cap in a few days would be great I wouldn't expect as default it or be really disappointed when this doesn't happen within the first few days of the sale. The point you should understand is that the GUTS proposition is quite solid and we already have an operational ticketing business which already guarantees token usage and thus a solid token evaluation. We have really solid proposition/proven use case with a guaranteed exchange rate mechanism which will act as a price bottom on exchanges(€0.50). Long story short (I'll do a blog on this) - the way we see it is that our token and the mechanism of the protocol (so recycling and burning per event cycle) will guarantee a sustainable value utility/value. As we have hit our soft-cap we already have funds to build the protocol, more funds will only give us the possibility to build it quicker and do more marketing/acquisition. The only thing you'll have to trust us on is if we'll do ticketing on the protocol, and the great thing is. We are already doing that. Check out the events we have plannend here: https://events.guts.tickets/events. |
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I wish it will make hardcap faster. We won't wait for 14 days, people will buy this token very fast.
This is one of the most important projects coming out this year. Investors are ready to put some money.
But why pre-sales tier not sold out in the first day? I feel that Guts ads other than signatures are never seen. Simple, you could only buy for 6 ETH per person. Correct!  |
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I wish it will make hardcap faster. We won't wait for 14 days, people will buy this token very fast.
This is one of the most important projects coming out this year. Investors are ready to put some money.
But why pre-sales tier not sold out in the first day? I feel that Guts ads other than signatures are never seen. The short answer the sale was capped at 6 ETH per registered contributor, this as to ensure we had a broad base of GET holders towards the general sale. For the long answer, I would refer you to what I wrote on this subject on our blog https://blog.guts.tickets and in particular in this article of our blog: https://blog.guts.tickets/reflecting-on-the-pre-sale-its-on-d08609239e37 . |
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What is the minimum investment? Thank you
There is no minimum participation for the general sale! |
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Hi there! My apologies for not getting back to you immediately. We have quite some channels that need to be monitored and as we are an actual operational ticketing company, see all the events we allready ticket with our blockchain based ticketing application here. You can see all events we sell tickets for here https://events.guts.tickets/events. Tonight we have a theater show in Doetichem that we'll ticket, ownership changes are registered here: https://kovan.etherscan.io/address/0x327921c956f3db3a0920a0f79f32adc0a6f27237. So enough info, I presume you have checked out our website so you'll already know most of what I just said. it is true that there are some initiatives like the one you linked to that on the surface look like they are efforts to really 'help the fan'. But if you research Live Nation a bit you'll know they are playing all sides of this market at the same time. I also mention this in our blogpost about our short-term roadmap and will go into more depth on this in my next blog. If these companies would really want to eliminate ticket fraud and scalping they already could have done so allready, but they don't because it will hurt their bottom line. Thanks for the answer and elaboration kasper, good to see the activities and great to hear your view on the industry. Looking forward to your next blog post. Will you share it here when it's published? Sure thing! |
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I hope ICO sale will be better than pre-ICO. I was expecting faster pre-ICO but you haven't sold out yet.
I still believe in this project but hardcap at first day is hard.
I'm sure they would have sold out already without the 6 ETH contribution cap. This is true, the whole point of capping at 6 ETH was to maximize the base. We're almost there though! We are really happy with the reactions and general feedback we received from the ICO application that we used during the sale. With this broad base of advocates we can really start marketing and building up to the general sale! |
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Pre ico didnt finished yet. I think team needs more advertisement. It should already finish in day 1
The pre-ico is almost filled (at 90% now) please note that we put the 6 ETH max cap per white lister there for a reason! We are pretty much pre-marketing at this point and the goal here was to build a base of advocates. And with +600 people contributing to the pre-sale I can safely say we have a base allright!  Great news Kasper! Can you maybe elaborate on my questions I asked earlier? See here: Some things I can't figure out from your whitepaper and your posts in this thread is; How big is the actual problem in the secondary market? Do you have any data around the amount of 'honest people' want to sell their ticket on the secondary market? Are you really taking away the problem with this new tech? And is it even a problem, with services like Ticketswap already in place? Another point I want to raise is that the NBA in the US uses https://www.ticketexchangebyticketmaster.com/ to resell tickets. Resold tickets are issued on the new buyers name. How do you plan to beat this big player with a huge market share and already available technology? Curious to hear the answers! Don't want to be complaining, but it seem that my questions are ignored. Any specific reason? If you don't or can't answer, that's also fine of course. Just trying to explore opportunities Hi there! My apologies for not getting back to you immediately. We have quite some channels that need to be monitored and as we are an actual operational ticketing company, see all the events we allready ticket with our blockchain based ticketing application here. You can see all events we sell tickets for here https://events.guts.tickets/events. Tonight we have a theater show in Doetichem that we'll ticket, ownership changes are registered here: https://kovan.etherscan.io/address/0x327921c956f3db3a0920a0f79f32adc0a6f27237. So enough info, I presume you have checked out our website so you'll already know most of what I just said. it is true that there are some initiatives like the one you linked to that on the surface look like they are efforts to really 'help the fan'. But if you research Live Nation a bit you'll know they are playing all sides of this market at the same time. I also mention this in our blogpost about our short-term roadmap and will go into more depth on this in my next blog. If these companies would really want to eliminate ticket fraud and scalping they already could have done so allready, but they don't because it will hurt their bottom line. |
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why in guts smartcontract address just receive 1,420 eth while in the web say that raised about 8395 eth??? can someone explain this?
My apologies, I didn't see this question earlier. The additional funds were raised during the private pre-sale. I blogged about this earlier here https://etherscan.io/address/0x9cb187eda568e5d4db735308c407edfcbbeab4e4. We'll share the wallets holding these funds in upcoming days! Let me know if there is anything else that is unclear. |
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Pre ico didnt finished yet. I think team needs more advertisement. It should already finish in day 1
The pre-ico is almost filled (at 90% now) please note that we put the 6 ETH max cap per white lister there for a reason! We are pretty much pre-marketing at this point and the goal here was to build a base of advocates. And with +600 people contributing to the pre-sale I can safely say we have a base allright! |
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I have a question concerning the buyback guarantee:
Let's say I buy 1000 GET in the ICO.
1 month later the price per GET is at 0.40 Euro.
I have to sell because I need the money.
Can I then sell my GET to the contract / stability fund at 0.50 Euro per GET?
Would I then get back ETH equal to 0.50 Euro per GET?
Good question! So the buy-back guarantee is funded by event organizers using the protocol (and a few of them are already doing so ) These event organizers need GET in order to create smart tickets and run events on the protocol and so buy these GETs from the Stability Fund. After this ETH transaction, the Stability Fund will buy back the GET that was transferred to the Event Organizer from the open market. Please note that EOs can't directly buy GET from the open market, the only way to acquire GET is with the stability fund mechanism. This means that the stability fund will set the price the EO pays per GET. The price is the SF charges the EO is based on the averaging of the GET price on exchanges for a certain time span. There is a 'hard coded' minimum price per GET that the stability will always have the event organizer pay and that minimum price is €0.50 per GET. So that is a general explanation, now for your specific question. If the price average price per GET is €0.40 then the EO that needs a certain amount of value covered for the event in GET will pay €0.50 per GET as this is the minimum set by the stability fund. TLDR to your question: Yes, you would still receive €0.50 per GET, taken that at the moment you want to exchange GET for ETH the stability fund is in the process of buying back GET. The stability fund will only need to do so if there are event organizers that on their part are buying GET from the SF on the 'protocol side'. In the end €0.50 is the minimal/gauranteed amount you will receive at leatst for your GET, assuming GUTS Tickets will be able to onboard event organizers to use the protocol for their ticketing. And we got that covered  Let me know if this explanation clears it up! Thanks for clarifying. So the SF would automatically send me back ETH (equal to at least 0.50 Euro/GET) ? Apologies for my late reply, probably bitcointalk bugged out or something. Whatever happend, you are completely right. That is exactly how the mechanism works! |
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I guess the buyback guarantee is a global protocol on GET software so it includes basically every token holder. At least thats what I got from the whitepaper. You are right! |
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I have a question concerning the buyback guarantee:
Let's say I buy 1000 GET in the ICO.
1 month later the price per GET is at 0.40 Euro.
I have to sell because I need the money.
Can I then sell my GET to the contract / stability fund at 0.50 Euro per GET?
Would I then get back ETH equal to 0.50 Euro per GET?
Good question! So the buy-back guarantee is funded by event organizers using the protocol (and a few of them are already doing so ) These event organizers need GET in order to create smart tickets and run events on the protocol and so buy these GETs from the Stability Fund. After this ETH transaction, the Stability Fund will buy back the GET that was transferred to the Event Organizer from the open market. Please note that EOs can't directly buy GET from the open market, the only way to acquire GET is with the stability fund mechanism. This means that the stability fund will set the price the EO pays per GET. The price is the SF charges the EO is based on the averaging of the GET price on exchanges for a certain time span. There is a 'hard coded' minimum price per GET that the stability will always have the event organizer pay and that minimum price is €0.50 per GET. So that is a general explanation, now for your specific question. If the price average price per GET is €0.40 then the EO that needs a certain amount of value covered for the event in GET will pay €0.50 per GET as this is the minimum set by the stability fund. TLDR to your question: Yes, you would still receive €0.50 per GET, taken that at the moment you want to exchange GET for ETH the stability fund is in the process of buying back GET. The stability fund will only need to do so if there are event organizers that on their part are buying GET from the SF on the 'protocol side'. In the end €0.50 is the minimal/gauranteed amount you will receive at leatst for your GET, assuming GUTS Tickets will be able to onboard event organizers to use the protocol for their ticketing. And we got that covered Let me know if this explanation clears it up! |
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Hi dev, why it is using ark.io slack why don't just create own GUTS slack channel? or Ark.io is a partner of GUTs that why how it is. I'll wait for the answers thank you.
Hi DarkSecrets! We now also have a Rocket Chat channel! Sign up and interact with the GUTS Tickets team: https://chat.guts.tickets/ |
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ICO date its delayed ? last week i know GUTS will open ico in oct and now on first page i see ico moved to mid oct/november ?
I hope it's right to be a good decision actualy im ready for GUTS token .
Yes we have delayed the ICO due to giving us some time to react to some regulatory changes that have been occurring. Both in Amsterdam/Europe as for our foreign investors. As allready stated we are in this for the long game and really care about having a solid foundation both legally as community wise. Let me know if there are any questions I can help you with! |
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Now there are a lof new projects in this industry  You have many competitors, what are your advantages among others? Now there is also one good project https://bitcointalk.org/index.php?topic=2155368.0 , team is very experienced and they have good bounty program which I have already joined Hi eneyardi! If you would read back a bit you would see a lot of explanations of how we are differentiating from both blockchain as non-blockchain competition. As I don't want to spam this thread with some reiterated answer I would advise scrolling back and study some of the responses. So apart from that I believe that GUTS Tickets has a bit more established company and a more experienced founding team there are of course quite some similarities in the white paper (must be a coincidence right  ) Anyways I don't really like to criticize other projects and as such I would just encourage to do your due-diligence on every product you consider investing in. I personally believe that rushing an ICO can be an indicator of not wanting long-term attention on the project you are proposing in the hope to just build a short-term hype train and attain funding. This is a valid strategy of course, I am not implying any malicious intent here on the side of crypto.tickets all I am saying is that the angle we have chosen at GUTS is to really build a community around our porject. That is why we have been active here for quite a few months now and have our ICO planned in November as we really want to take the time to inform the contributors and show them what we are capable of. I hope I have answered your question fully, good luck with your endeavors and stay safe. |
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