Review on Blocktix by Kenan Chalabi

# 1 Blocktix: The Basics

Blocktix is ​​one of the youngest cryptocurrency categories and has seen fairly rapid commercial adoption. It is gaining traction due to its wide availability that allows hosting, transferring and payment of fees to participants participating in the event / announcement verification process on a single platform. What is

Blocktix

Blocktix is ​​a platform that connects event organizers with the financial incentives community that supports event advertising, review events, etc. At the same time, you can also reduce the cost of running events by up to 90%.

Blocktix cryptocurrency is represented by the symbol TIX and uses a blockchain based on Ethereum. Its total supply is 62.5 million TIX tokens. It was used for the

TIX ICO that started on July 7, 2017 and ended on July 25, 2017. The

Blocktix system is used to increase event awareness, ticket distribution, ticket transfer and promotion events through a single system that provides all these services. Low expenses for distributors and promoters.

Development The

development team is led by CEO Rob Schins, Rynao Mathee, CTO, and Bojan Malesevic, Project Consultant. The platform is promoted and supported by Randy Jackson (famous for serving as an American Idol judge) and Everette Harp. The

team plans to implement a long-term voting mechanism to standardize and update the system, which will be accomplished by approving or rejecting proposed changes to the contract.

Blocktix technology

event summary user interface adopts HTML and JavaScript format, and its smart contract programming language is Solidity.

large files are uploaded and stored for free on a public point-to-point distributed file system called InterPlanetary File System, which uses a decentralized network topology.

How does it work?

events were first verified and approved by Blocktix token holders. Invalid / False events will be removed from the system immediately after rejection.

The last addresses of the Blocktix and BlocktixEvent contracts are stored in the registry contract. These contracts can only be updated or modified by their respective administrators or by voting by the token holders.

After an event is created, your administrator will have the authority to change the name, location, description, photo, and other settings.

Anyone can buy the right to advertise at Blocktrix-supported events. The resulting funds are distributed in part to "Blocktix Sales B.V." and in part to system users who see these advertisements. All event sources start with two "promo events." The ad has a random chance to appear in either of these two promotional spaces.

When users sign up to the platform, they will see a list of events near them in the event feed. The order in which events appear in the feed depends on variables such as the distance between the event and the user (most likely to participate), start date, multi-category tags, and advertising costs.

can also track users' offline behavior to create category lists without actually using user input.

The host of the event or someone else on their behalf (for a charity) must pay 1000 TIX (or more) to include their event in the source of the event. This fee prevents spammers from exceeding the source of the event. The fee may change in the future based on the vote of the token holders, which will take place every three months.

Feature

Blocktix uses its decentralized platform to use the power of the crowd to reduce promotional costs by up to 90%.

Blocktix users earn points by browsing and participating in events, writing reviews of events they have participated in, and viewing announcements of events they might want to participate in in the future. These points can be exchanged for them to participate in more activities.

Blocktix collects fees to compensate its token holders when verifying events or announcements. This prevents spam and exchange of tickets for profit (scalping).

TIX tokens are used to pay fees, publish new events in the event feed, and place ads on the app.

# 3 How to buy and store Blocktix?

How to buy Blocktix / How to buy TIX

Blocktix coins are used to facilitate ticket purchases and transfers between pairs. It can be purchased on cryptopia, HitBTC, Bittrex, EtherDelta, and other exchanges.

Although cryptocurrency exchanges provide you with a platform to buy and sell Blocktix cryptocurrencies, CoinSwitch, the largest cryptocurrency conversion platform, can help you make the right choice by providing TIX pricing. So that you can choose the best deal for you!

You can also buy, sell and trade more than 300 cryptocurrencies for TIX crypto. It provides interchangeability and a unified experience for all cryptocurrencies through a wide range of products on all major exchanges.

Blocktix Storage

Blocktix can be stored in the following wallets:

Trezor

Ledger

MetaMask, etc.

# 4 What is the future of Blocktix?

Read Also: Complete Analysis of Blocktix | Blocktix (TIX) Real-Time Price Charts and Forecasts

As of July 2018, its market value is $ 9 million.

With the widespread use of event organizers and more and more hosts joining, Blocktix appears to have a solid, long-term advantage in the marketplace. The team behind Blocktix Coin.

The Blocktix team seems to be people really involved in the project. Both the CEO and the CTO are active members of the community. The only problem is that they state on the website that they have experience in the event planning and marketing industry.

Industry experts were unable to confirm this experience with any member of the team. They all appear to be reliable cryptocurrency investors and community members, but not event hosts, distributors, etc.

A member of the Blocktix team reached out to the public to let them know that a native credit card gateway has been launched on the platform, which certainly adds value to the project. It also shows that the team is interacting with the community, which is highly desirable for any distributed project.

In any case, token holders are not shareholders, but depend on the success of the company. In general, many people think that Blocktix is ​​worth it because the company has a reasonable user generation plan.