What is UTIX about?
UTIX is an online, decentralised event hosting and e-ticketing platform that utilises smart contracts to reduce market inefficiencies and provide event organisers (EO) with variables they conventionally would not be able to control. Users and event organisers can buy or sell tickets through cryptographic signatures stored on a blockchain that cannot be altered or destroyed, removing the requirement of centralised servers, over-reliance on costly third parties and other negative externalities that arise through an unregulated free market mechanism.
UTIX, through their own protocol, can lend tokens to an event organiser to be distributed to a user when a ticket to their event is purchased. Through their user-friendly interface, an event organiser/user will have all the functionality of a blockchain, without the added complexities typically involved. By utilising smart contracts, they can reduce complication, cost, and minimize the threat of fraud.
What are the value drivers behind UTIX token price?
The value of UTIX in the long run will be brought upon with the addition of events and users referencing the protocol for the tools it will provide. Therefore the main value driver behind UTIX token price is the demand of for the protocol and the tool it provides for users. UTIX creates value by directly overcoming inefficiencies that lead to economic market failure and negative externalities.
UTIX ICO Roadmap
Step 1: Idea Generation2013
In 2013, Dylan Hauper & Max Mayhew develop first model for a next generation e-ticketing platform, ClubCo.
Step 2: Mutual Collaboration2015-2017
In 2015, Dylan and Max transitioned into blockchain. In Q3 of 2017, they drafted the concept of combining the software of ClubCo. blockchain software and mining.
Step 3: Initial BetaQ1 2018
In Q1 of 2018, the initial beta of the protocol was built to test the viability of our idea. An immense success, the whitepaper was then drafted and UTIX was born!
Step 4: Token OfferingQ4 2018
The UTIX offering commences October first of 2018. Following, the sales implementation teams will spread over 67 countries. In 2019, the team will manage the adaptation of the project to the requirements of national regulators.