And that’s not the only news!

New country

Get in the Ring Chain Reaction is the first event GUTS will be ticketing abroad! It will take place in May of this year in Cyprus. Tickets are available here:

Get in the Ring have previously ticketed events in Holland with GUTS, but this will be the first time we take the system across the borders.

“Get in the Ring is a global network of organizations that collaborate to tackle challenges faster. Together with partners in more than 100 countries we unlock opportunities for innovators like you. We connect and support you to grow faster and increase your global impact.”

After conducting several pilots with Get in the Ring and extensive testing of all facets of our system, we are excited to start getting more international experience under our belt.

It has already been a great and productive partnership, and we look forward to an even brighter future!

New band

This month another new artist joined the fight against dishonest ticketing. Popular Dutch band De Staat announced a new set of dates for their tour, one show of which is going to be ticketed by GUTS!

A popular song and video from De Staat, which you may have seen:

You can get fair tickets for De Staat here.

New shows

The Australian-British band Dead Can Dance is coming back to Utrecht for two shows in May. Both shows are sold by GUTS Tickets.

Monday May 13th:

Tuesday, May 14th:

New sector

Podcasts and everything related to them are growing in every direction, including the event sector. For us this is means that we will be ticketing our first live podcast recording, for the last episode of this season for the ‘Man man man’ podcast. For tickets, check out the link below.

For more information about the Ethos Universal Wallet, click on the image!

New wallet

The GET token is now supported by the Ethos Universal Wallet. About the wallet: ‘Store all of your tokens, coins and digital assets safely and securely on your mobile device. Track assets you have stored elsewhere — such as a hardware wallet or an exchange. Ethos Universal Cryptocurrency Wallet gives you a complete view of your entire portfolio in one place, with rich analytics to show your performance.’

New video

We are continuously producing and releasing more videos on the GET Protocol Youtube channel. Check out the latest video, titled ‘What is the use case of GET Protocol?’ below:

[Vlogger voice:] Make sure to like & subscribe! Gucci!

Reviewing the Q1 2019 buyback

From blockchain developer Kasper Keunen.

On Wednesday March 27th, the first buyback of 2019 occurred. At exactly 14:00 local time the largest buyback to date for the GET Protocol opened. Just a few seconds later the demand for GET by GUTS Tickets’ 132 events ticketed in Q1 of 2019 was filled. In total, more than 72 000 GET was bought back from the open market.

The buyback -totalling €36 055 worth of ETH- was the biggest in size to date and attracted a large number of participants. The difference between the auction’s minimum buyback price (€0.50/GET or 0.00418 ETH/GET) and the open market prise posed a huge arbitrage opportunity for those able to participate.

First come, first serve?

The buyback’s quick ending sparked a lot of community discussion on the rules of the auction. With the main reason being that the participating sender that came in first paid more than $1300 in transaction fees. This type of participation is completely legitimate by current buyback rules. If you are interested in why we have taken this ‘less is more’ approach to rules surrounding the buyback, this is best explained in the following blog:

Improving the buyback mechanism

We do think there is some room for improvement when it comes to making the buyback more accessible. In the upcoming weeks you can expect a review on the buybacks rules and overall mechanism. This review will possibly lead to a set of new rules that will make future buybacks economically more efficient and generally more inclusive.

Count down with us! https://get-protocol.io/buyback/

We love it when the community helps us in improving the protocol. If you have ideas or general feedback about the buyback we’d love to hear it on the GET Protocol subreddit!

Those that participated in the buyback can expect to receive either GET or ETH on the address they participated with before Saturday.