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Author Topic: [ANN] | GET Protocol | GUTS.tickets | Live Product  (Read 15944 times)
Use.Your.Brain
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October 07, 2017, 03:57:47 PM
 #141

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?
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October 08, 2017, 08:02:22 AM
 #142

Nice project, how can I get more information?
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October 08, 2017, 02:05:53 PM
 #143

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 Smiley ) 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 Wink

Let me know if this explanation clears it up!

Read more about our ICO: https://guts.tickets/ico
Use.Your.Brain
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October 08, 2017, 02:24:41 PM
 #144

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 Smiley ) 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 Wink

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) ?
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October 08, 2017, 03:40:42 PM
 #145

Nice project, how can I get more information?

https://guts.tickets/ico and here https://blog.guts.tickets/

Read more about our ICO: https://guts.tickets/ico
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October 10, 2017, 06:43:28 AM
 #146

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 Smiley ) 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 Wink

Let me know if this explanation clears it up!

Is this buyback guarantee is for ico buyers? or bounty hunters and market buyers can also under this guarantee with some limited quantity?

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October 10, 2017, 07:34:59 AM
 #147

I guess the buyback guarantee is a global protocol on GET software so it includes basically every token holder. Wink At least thats what I got from the whitepaper.

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October 10, 2017, 03:46:40 PM
 #148

I guess the buyback guarantee is a global protocol on GET software so it includes basically every token holder. Wink At least thats what I got from the whitepaper.

You are right!

Read more about our ICO: https://guts.tickets/ico
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October 10, 2017, 04:02:15 PM
 #149

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 Smiley ) 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 Wink

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!

Read more about our ICO: https://guts.tickets/ico
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October 10, 2017, 04:55:09 PM
 #150

Hi everyone! You are invited to meet the team in person! From the 18th until the 22nd of October, Amsterdam will be the place where the world-wide electronic music industry gathers during Amsterdam Dance Event (ADE). Besides an incredible amount of concerts there will be many masterclasses and conference style meetings too. ADE is organized by Buma/Stemra and their initiative Buma Music meets Tech invites GUTS Tickets for drinks and networking at a beautiful location in the center of the city. Best of all: you are invited to join us and meet the team on October 19th 4:45PM local time! Get yourself a free ticket here: Meet the team! We are looking forward to meet you!

Read more about our ICO: https://ico.guts.tickets/
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October 10, 2017, 07:52:04 PM
 #151

Im really wondering the ico for guts. Guts has Working product and similar project hit hardcap with just alpha release.

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October 10, 2017, 08:31:52 PM
 #152

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 Smiley ) 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 Wink

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!

No problem, thanks for the answer.
This ICO looks very interesting...
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October 11, 2017, 01:33:27 AM
 #153

Hi everyone! You are invited to meet the team in person!

Hey sander, do you consider raising hardcap amount? I think it's very low, you can collect more than that. Anyways good luck for the project. If I was near Netherlands I'd like to meet you in person.

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kslavik
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October 11, 2017, 09:20:00 AM
 #154

Wish I was in NL to meet with the team. Unfortunetly I'm traviling at the moment.

I have a question. Do you guys have a recording of Maarten's speach at Wolves Summit? I'd really like to see it. How was the crowd reaction?


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GUTS
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smart-ticket protocol for events
live product with market traction!
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gangnam2016
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October 11, 2017, 07:02:02 PM
 #155

Just saw the promotion video on slack. The app and real world usage seems very good. Are you guys planning to showcase your video here?

GUTS | GET-Protocol ICO
smart-ticket protocol for events | live product with market traction!
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October 12, 2017, 01:20:25 PM
 #156

I can see there are a lot of members join in the signature bounty, about 100, that means this project is very hot in this forum, I will keep an eye on this project.

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October 13, 2017, 07:37:27 AM
 #157

I think this one might be a nice competitor to eventchain - let's have a look, who will be the better solution

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October 13, 2017, 08:21:57 AM
 #158

I think this one might be a nice competitor to eventchain - let's have a look, who will be the better solution

Eventchain? LOL.
ICO ends tomorrow and they raised only 1650 ETH out of the 65,000 ETH they wanted to raise.
That's 2.5% !!! They might not even make the (adjusted) soft cap.
How will they develop a product with that kind of money?
How will they do marketing in such a competetive market with that kind of money?
Who will want to partner with a company that has no experience, such low capital and therefore might have to close any time?

GUTS/GET on the other hand already has a WORKING product.
They are selling REAL tickets on the ETH blockchain.
They have the manager of Martin Garrix (https://www.youtube.com/user/MartinGarrix, 7.1 million subscribers) on their advisory board. Maybe his tickets will be next???

They will have competition.
But it won't be the likes of Aventus, Blocktix or Eventchain who only have whitepapers or alpha demos.

GUTS | GET-Protocol ICO
smart-ticket protocol for events | live product with market traction!
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needmoney
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October 13, 2017, 10:43:05 AM
 #159

I think this one might be a nice competitor to eventchain - let's have a look, who will be the better solution

Eventchain? LOL.
ICO ends tomorrow and they raised only 1650 ETH out of the 65,000 ETH they wanted to raise.
That's 2.5% !!! They might not even make the (adjusted) soft cap.
How will they develop a product with that kind of money?
How will they do marketing in such a competetive market with that kind of money?
Who will want to partner with a company that has no experience, such low capital and therefore might have to close any time?

GUTS/GET on the other hand already has a WORKING product.
They are selling REAL tickets on the ETH blockchain.
They have the manager of Martin Garrix (https://www.youtube.com/user/MartinGarrix, 7.1 million subscribers) on their advisory board. Maybe his tickets will be next???

They will have competition.
But it won't be the likes of Aventus, Blocktix or Eventchain who only have whitepapers or alpha demos.

Well put EDisney. Nice to have you as a part of the GUTS / GET Protocol community. Wink

sander-guts
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October 13, 2017, 12:55:39 PM
 #160

Hi everyone! Find us on Telegram too! Please join the group here and receive news and discuss the GET-protocol right in our chat. Today we will publish some great news (we have a deal), and we will publish it on Telegram first. In the meantime, don’t wait too long to subscribe yourself for the whitelist: https://guts.tickets/ico.

Want to know more about how our ticketing solution works, buy a free fake ticket here: http://sandbox.guts.tickets/ and check this video showcasing how we facilitated the sale of tickets of a show of a Dutch comedian in the Netherlands. Enjoy!

Read more about our ICO: https://ico.guts.tickets/
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