The DigRate team issues a Low Fraud Rate to the project crypto.tickets, which develops a blockchain-based ecosystem for the ticket industry and promises to solve some of the major market problems.
crypto.tickets is a universal blockchain platform for ticket systems, which combines three main products of the Company: Tickets Chain, Tickets Cloud and Tickets Wallet, one of which, Tickets Cloud, has been operating in the ticket market for over 3 years with monthly turnover of about $2 million, has already raised capital from some of the prominent investment funds and angel investors.
The project team sets ambitious but clear goals, which, according to the plans and facts that were presented, have all chances for being implemented, and that will likely to solve some of the current industry difficulties.
The distinctive feature of the project is a business strategy according to which the project will not become a competitor to current market players, but on the contrary, will help to solve their problems, thus becoming an intermediary between all industry players.
Due to the architecture of the project ecosystem, the internal tokens (TKT) have a good prospect for value appreciation, as every ticket purchased for the fiat currency via Tickets Cloud or any other ticket system, will be presented through back-end as a request for acquisition of a certain number of TKT from the public exchange market. However, the project did not provide clear details on some of the controversial issues related to this mechanism, which may raise some of the investors’ doubts about this idea.
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DigRate has assigned "A2" rating of investment attractiveness to crypto.tickets project. Medium-to-high probability of investment return, considerable sensitivity to market environment.
The crypto.tickets is a project building a blockchain ecosystem that will change the mass event ticket sales market. For the time being, the global ticket industry faces the everyday problems, such as: speculation on the secondary ticket market, fakes and fraud, incomplete sale of tickets and lack of a common standard for the return of tickets. These are the main topics of all industry conferences around the world.
As founders promise, the blockchain technology will solve these problems forever, simplify the market parties’ intercommunications and provide transparency of all ticket transactions. The company claims that it will solve the problem of the lack of mutual trust as all transactions are made in blockchain and all relations are controlled by smart contracts.
Tokens of the Project have the potential for significant growth due to the architecture of the ecosystem, in which each ticket purchased for fiat currency in the Tickets Cloud and other ticket systems. Through the back-end it will be organized as a request to purchase the required number of TKT tokens on the exchange. However, the motivation of companies selling tickets to receive payment in TKT tokens is not clear at the moment. Moreover, their motivation to instantly exchange TKT for fiat currency threatens the economic stability of the crypto.tickets system and the future value increase of tokens.
Read our recommendations on project improvement in the report.