This Alt-coin may be about to do 1000x (GET Protocol)
Get Protocol - a crypto currency which might do 1000x
GET Protocol is a crypto currency with a very small market cap (less than $20 million). When it did its ICO a few years ago investors paid $7 per GET. Today, the price sits at one-tenth of the ICO price. However, a lot has changed for GET since 2017, and the project is stampeding forward with new ideas and fast growing sales.
How is GET Protocol used?
GET is a ticketing solution which is in daily use to stop two of the biggest problems plaguing the entertainment and events industry.
1) Ticket fraud. - The practice by fraudsters to sell fake tickets, copied tickets, duplicate tickets, or stolen tickets.
2) Scalping - The use of bots to buy up 100s of tickets to popular events which are then re-sold on the secondary market at 2x to 10x the original price. Scalpers put-off fans and upset performers who don't see their tickets being distributed at a fair price.
Users receive their tickets on their mobile phones through an app. The ticket issuer can set limits on resale and on how many tickets per mobile phone can be issued. These rules are set and controlled by a small amount of GET incorporated into each ticket. The user has the absolute certainty that his phone contains a genuine ticket. In reality, the ticket thanks to the GET token, can only exist in one place on the blockchain. The ticket holder is oblivious to all this. She just holds a ticket on her phone, which she knows is the genuine one, and which can't be hacked, stolen or copied.
The issuer has real time information about every interaction with the ticket. It's very valuable information for ticketing and marketing companies.
Tokenomics - Demand comes from ticket issuers who buy GEt which is then burned after use
Get Protocol is a deflationary token. The supply falls while demand increases. The demand comes from ticket issuers. This is because ticket issuers have to purchase GET Protocol tokens to attach to each ticket they sell. About €0.28 to GET protocol tokens are attached to each ticket.
The number of tickets being sold is increasing all the time. In 2020 around 260'000 GET powered tickets were sold. That was in a year when everything was closed due to the pandemic. 2021 could easily see 10x that number sold.
The supply of GET decreases. This is because after the event has been held, the GET relating to the tickets is burned.
Rising demand and decreasing supply are the perfect recipe to squeeze the price of GET Protocol higher.
Price potential - Enormous gains!
This is not financial advice. I personally expect to see enormous gains. GET Protocol has a very small market cap coin (around $12 million). As we all know the small caps can move far and fast. Almost every week 10% of the small-cap coins blast up by more than 100%. A similar percentage can fall 30%. Give it a month and you are look at 1000% gains on some. Why do coins move like this? Well it is just a question of attention. Sooner or later, someone influential notices some news, and starts to talk about it.
Now, take a look at the chart of GET protocol. It looks like someone is already noticing it. The price has been stuck below $0.60 for a year now, but in the last few days the price has been increasing sharply. Someone knows something. You can see what is moving the price by visiting GET protocol's website, or by joining their Telegram channel and asking. Yes! It's really big news!
At the time of writing this the price just passed $0.74. In crypto terms the rise is nothing. But it is important because it has just broken out of its trading range below $0.60. I think this means the coin is set to blast massively higher.
GET Protocol trades on Uniswap with good liquidity in the ETH-GET pair.
GET Protocol is a crypto currency with a very small market cap (less than $20 million). When it did its ICO a few years ago investors paid $7 per GET. Today, the price sits at one-tenth of the ICO price. However, a lot has changed for GET since 2017, and the project is stampeding forward with new ideas and fast growing sales.
How is GET Protocol used?
GET is a ticketing solution which is in daily use to stop two of the biggest problems plaguing the entertainment and events industry.
1) Ticket fraud. - The practice by fraudsters to sell fake tickets, copied tickets, duplicate tickets, or stolen tickets.
2) Scalping - The use of bots to buy up 100s of tickets to popular events which are then re-sold on the secondary market at 2x to 10x the original price. Scalpers put-off fans and upset performers who don't see their tickets being distributed at a fair price.
Users receive their tickets on their mobile phones through an app. The ticket issuer can set limits on resale and on how many tickets per mobile phone can be issued. These rules are set and controlled by a small amount of GET incorporated into each ticket. The user has the absolute certainty that his phone contains a genuine ticket. In reality, the ticket thanks to the GET token, can only exist in one place on the blockchain. The ticket holder is oblivious to all this. She just holds a ticket on her phone, which she knows is the genuine one, and which can't be hacked, stolen or copied.
The issuer has real time information about every interaction with the ticket. It's very valuable information for ticketing and marketing companies.
Tokenomics - Demand comes from ticket issuers who buy GEt which is then burned after use
Get Protocol is a deflationary token. The supply falls while demand increases. The demand comes from ticket issuers. This is because ticket issuers have to purchase GET Protocol tokens to attach to each ticket they sell. About €0.28 to GET protocol tokens are attached to each ticket.
The number of tickets being sold is increasing all the time. In 2020 around 260'000 GET powered tickets were sold. That was in a year when everything was closed due to the pandemic. 2021 could easily see 10x that number sold.
The supply of GET decreases. This is because after the event has been held, the GET relating to the tickets is burned.
Rising demand and decreasing supply are the perfect recipe to squeeze the price of GET Protocol higher.
Price potential - Enormous gains!
This is not financial advice. I personally expect to see enormous gains. GET Protocol has a very small market cap coin (around $12 million). As we all know the small caps can move far and fast. Almost every week 10% of the small-cap coins blast up by more than 100%. A similar percentage can fall 30%. Give it a month and you are look at 1000% gains on some. Why do coins move like this? Well it is just a question of attention. Sooner or later, someone influential notices some news, and starts to talk about it.
Now, take a look at the chart of GET protocol. It looks like someone is already noticing it. The price has been stuck below $0.60 for a year now, but in the last few days the price has been increasing sharply. Someone knows something. You can see what is moving the price by visiting GET protocol's website, or by joining their Telegram channel and asking. Yes! It's really big news!
At the time of writing this the price just passed $0.74. In crypto terms the rise is nothing. But it is important because it has just broken out of its trading range below $0.60. I think this means the coin is set to blast massively higher.
GET Protocol trades on Uniswap with good liquidity in the ETH-GET pair.
Comment:
Correction: The all-time high was $7
Comment:
Correction: The ICO price was €0.35