What is GET Protocol? GET Protocol is a project that offers tickets for various events such as concerts and theaters with Blockchain technology. In this article, you can find answers to questions that investors wonder, such as what is GET Protocol, what it offers, what is GET coin, how to get it. cryptocoin.com we have prepared for you. Let’s examine it together.
What is GET Protocol?
GET Protocol was launched on October 13, 2017 by a team based in the Netherlands. The project aims to solve the problem of ticket fraud and black market using Blockchain technology. For this, the company claims that hundreds of thousands of smart tickets have been sold using the protocol for events in Europe and Asia. Accordingly, within the GET Protocol, tickets for paid events such as concerts, theaters and conferences are sold in exchange for crypto money. Ownership of these tickets is recorded through Blockchain technology. In other words, when users buy a ticket, they get that ticket in NFT format. For those who don’t know, NFT refers to unique tokens built on digital asset ownership. Finally, the platform hosts a service token called GET coin.
What does the GET Protocol offer?
The GET Protocol provides clear and publicly verifiable data on ticket ownership. In this way, it greatly improves its marketing efforts. When tickets for any concert are made available on GET Protocol, all tickets go on sale as NFT collections. The person who buys the NFT, on the other hand, can safely access the concert without experiencing various problems such as theft of his ticket. In addition, all tickets can be stored digitally after the event. Users can purchase NFT tickets through GET Protocol’s applications. Additionally, the GET Protocol ensures the security of tickets in both the primary and secondary markets. In this way, it prevents tickets from being sold on the black market. In this way, it allows only ticket holders to sell in the secondary markets and distributes the profits to its customers.
What is GETcoin? What does it do?
GET coin is the native cryptocurrency of GET Protocol. Every ticket on the platform is bought and sold with the platform’s native token GET. Transactions with GET coin are completely transparent and recorded on the Blockchain. This altcoin, which makes it possible to perform extremely fast transactions, is located on the Ethereum and Polygon networks.
What are the advantages?
- GET Protocol validates event tickets with NFT technology. Thus, it avoids the problem of fake tickets.
- The project pushes black marketers out of the industry. In this way, it maximizes the profits of its users.
- It also increases its earnings by supporting its users to produce interesting NFTs.
What are the disadvantages?
- GET coin hit its all-time high at $9.1 at the beginning of March 2021. However, the altcoin has since entered a bearish trend. So much so that even at the end of 2021, when many altcoins made ATH, it could not approach their old levels.
- Despite its interesting features, GET is not traded on major exchanges such as Binance, Coinbase, Huobi Global, and Kraken. So, access to altcoin is pretty low.
- There is no predetermined maximum supply data for the cryptocurrency. This raises deflationary concerns.
What is GET Protocol? How to get GET coins?
The token is not listed on global and trading volume exchanges. Investors interested in the GET Protocol project need access to crypto exchanges such as HitBTC, Uniswap, Hotbit, and Bittrex. In order to buy, they need to become a member of one of these exchanges and verify their accounts. They can then purchase the token by depositing an asset in their wallet that matches their GET coin pair.
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