UTIX is a decentralized blockchain e-ticketing and event hosting platform. The UTIX protocol removes the chances of selling counterfeit tickets as well as guarantees that secondary pricing is controllable. Smart contracts facilitate the transfers between the user, event organizer, secondary ticket purchaser, and the UTIX Reserve Fund (RF). UTIX enables event organizers to reap the benefits of leveraging a blockchain system without the associated complexities.
The UTIX online platform utilizes smart contracts to minimize market inefficiencies. Event organizers and users can purchase or sell tickets through immutable cryptographic signatures recorded on a blockchain, eliminating the need for centralized servers, over-reliance on expensive third parties, and other negative externalities. UTIX can lend tokens to event organizers which will be given to users when a ticket to their event is sold. With its user-friendly interface, users and event organizers can enjoy the functionality of a blockchain less the usual complexities involved. By leveraging smart contracts, UTIX reduces the threat of fraud, complication, and cost.
UTIX allows event organizers and users to seamlessly utilize Ethereum smart contracts to control every variable that causes market inefficiency. The UTIX Protocol is unlike any other existing alternative blockchain-powered event systems. The blockchain will be based on Ethereum, a system that enables for effective and practical smart contracts usage.
|Pre-Sale||2018-10-01 – 2018-10-31|
|Token Sale||2018-11-01 – 2019-01-31|
|Price||1 UTX = 0.1 USD|
|Minimum Investment||1 ETH|
|Soft Cap||1,500,000 USD|
|Hard Cap||18,000,000 USD|
|Country||British Virgin Islands|
|Whitelist/KYC||KYC & Whitelist|
|Restricted areas||USA, North Korea, Syria, Iran, Sudan, Bangladesh, Bolivia, Kyrgyzstan, Canada, China|