We are at least partly to blame here, partly for not fully playing the crypto hype-game and partly for making our token economics somewhat complex, with certain unclear variables and cycles.

The current economic model has lead us to the point where the value of GET does not reflect the true value of the protocol. That is going to change.

What’s going to happen?

In the upcoming period, we will be releasing a new and improved token economics model, which will contain some significant changes. We believe these will benefit both traders of the GET token as well as the protocol itself.

The exact figures and calculations will be provided before long, but there are already two things that we can share:

-> There is going to be significant increase in the burning of GET

For every ticket sold using the Protocol, GET is going to be burned. This will lead to substantial burning and will make GET much more scarce. In fact:

Before the end of 2022, at least 50% of the total supply of GET is going to be burned and will disappear from the face of the earth.

It will also lead to a situation where ticketing companies will have to buy their GET directly from the open market. More about the timing, process and potential value as connected to this new scarcity will be provided in full at a later point.

-> Liquidity will happen

Not only does liquidity facilitate a more comfortable position for traders (as it decreases the chance of slippage when buying or selling significant amounts of GET), it is also an essential component of our business plan. The process of creating and sustaining more liquidity will be rolled out in steps over the upcoming period.

That will have to be all for now- but rest assured that all of this will be fleshed out further upon the release of the updated tokenomics. We can’t wait to bring it to you in all its glory, along with the relevant tools for (potential) traders to make their own calculations and projections on the future of GET.

3.) Around the office

We’ve got two things we’d like to show you; one is our latest addition to the team, and the other is a Pimp My Ride-like make-over.

Let’s GET to know Joris, our new business developer.

Hi Joris! Welcome! Introduce yourself will you?

Thanks Olivier, that’s not an easy question. I am Joris, 38 years and in a couple of weeks from now I will be living in Amsterdam again. Despite of the fact that I am a sales person I am a very social, people-oriented and friendly guy. I love people, traveling and nature.

It’s Joris!

What have you done prior to joining GUTS?

For the last 10 years I’ve worked as a freelance sales consultant/ interim sales manager. In this role I’ve helped out several companies with various commercial challenges. Two years ago I decided to realise my dream together with a good friend of mine. I sold my house, bought a sailboat and sailed from Amsterdam via Africa and south America to the Caribbean.

What are you going to do at GUTS?

I am going to do everything needed to expand the client portfolio of GUTS. The goal for now is to make GUTS one of the leading ticketing providers in the Netherlands.

‘The goal for now is to make GUTS one of the leading ticketing providers in the Netherlands.’

How do you think GUTS is going to take over the ticketing world?

Good question. Not every event organiser is ready for innovation. Clients are also people and people tend to stick to what they know. The way to get them to change is to create rapport and trust. Create relationships and present GUTS as a solid partner who can help them out. Show them the unique solutions we offer and convince them of our stability. This is a lot of effort until we come to a tipping point. At a certain moment GUTS will be a new standard. From thereon it will be a lot easier!

Anything else you’d like to share?

Yes: love. There is alway love to share, there is never enough. Other than that, I like to express my gratitude for being a part of this adventure with this great group of professionals!

Say hello to the new and improved GUTS Mobile!

The car we use for both our sales- and scansupport teams has gotten a flashy new look. Check it out: