An overview of answers to frequently asked questions.
GET stands for ‘Guaranteed Entrance Token’. This is an ERC20 token, and it’s a crucial component of the GET Protocol. It’s a utility token, which means that it serves a specific goal within our ticketing solution. More about this below.
Yes, GET is a utility token. Three independent legal assessments where coducted in three jurisdicitons to confirm this under several local laws: Howey test under US law. EU Legal review. Singapore Legal review.
Yes it is possible to buy and sell GET directly using Octo.fi!
The GET token is a crucial part of the GET protocol. The token fuels all the blockchain related transactions. The properties of the GET token allows for a transparent and stable value equivalence as utlity on a ticket this is locked in every event cycle. Ensuring that the protocol remain usable regardless of swings in price on the open market.
At the beginning of every event cycle, GETs are distributed to the event organizer to ‘fuel’ the necessary transactions. They function as the fuel to sustain the distribution and any potential changes (such as change of ownership in case of resale) of the smart tickets.
If you have transferred GET from an exchange to your wallet, or received them directly in a wallet, your tokens may not be visible in your wallet immediately as you still have to add the GET-token to your wallet in order to make it visible. In this blog we explain how you can add the GET ERC20 token to your wallet in a few simple steps.
As GET is an ERC20 token, it can be stored in compatible hardware wallets (such as the Ledger Nano S or Trezor) and web wallets (such as MyEtherWallet or MetaMask). See here for some pretty straightforward tutorials on each option. Please note that you should always be extra cautious and skeptical when using a new wallet. Make sure you understand every step and carefully check whether you are in the right place.
You can check out the roadmap for GET right here.
You can track the ownership of all GET tokens live on the blockchain by checking the GET token distribution on etherscan. For a more elaborate explanation about the circulating supply and the protocols funds read this blog.
The GET smart contract address 0x8a854288a5976036a725879164ca3e91d30c6a1b can be found on etherscan.
Yes. Drop us a line.
The GET Protocol is a systematically applicable routine through which the ticketing for an event is done from beginning to end. This includes the assessment for the amount of GET tokens necessary to match the FIAT price of every ticket, and the distribution of tickets to the end consumers. The GET token works as a type of GAS or fuel, to make the distribution and potential changes to details or ownership of tickets possible on the blockchain. Still don’t get it? No worries, check out the video for more information, our complete whitepaper can be found here for a full description of the Protocol, or you can ask specific questions in our Telegram channel.
It's very easy for ticketing companies of any kind and size to implement the GET Protocol. The great thing is that the paying customer won’t know the difference; they just pay in fiat money (Euro, Dollar, Yen, Etcetera) as always, only now, the artists, venues, ticketing companies and fans are all protected from unreasonable secondary markets and greedy third parties by the underlying protocol. Feel free to get in touch with our business developer Sander for further inquiries. He can be reached by contacting us.
To report any technical or security issues you can contact us.
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