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OPEN Ticketing EcosystemKeeping it real was our biggest mistake
The 8-year story of OPENHow a ticketing protocol with real-world traction, real clients, and real volume is now facing its toughest battle yet: surviving the crypto industry.Is this the final chapter?If you're reading this, you probably already know us, or you're about to meet the most stubborn builders in Web3. This is not a goodbye. This is a reckoning. After eight years of non-stop building, we’ve hit the wall: no more runway. And yet, ironically, we’re seeing more traction than ...
OPEN Ticketing EcosystemOPNs revised token economics - taxing the scalpers
Monetising the secondary marketOPEN Ticketing has pivoted to a more efficient, secondary-market-driven approach. Despite high paper fees previously, our old model wasn't delivering the value we envisioned. Now, by focusing on the secondary market—where approximately 8% of all tickets are naturally resold—we've created a model that slashes overhead, scales effortlessly, and channels far more value directly to OPN token holders through token burns and staking rewards. Major partners l...
OPEN Ticketing EcosystemEmpowering ticketing companies to challenge the cartel—the right way
How OPEN is providing decentralized tools to liberate the ticketing industryThe stranglehold of Live NationFor years, Live Nation and Ticketmaster have dominated the live event industry, controlling nearly every aspect of ticketing, venues, and promotion. Their monopoly has resulted in inflated ticket prices, exorbitant fees, and restrictive contracts that squeeze out competition. Fans, artists, and venues alike suffer under this exploitative model, and breaking free has seemed impossible—unt...
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OPEN Ticketing EcosystemKeeping it real was our biggest mistake
The 8-year story of OPENHow a ticketing protocol with real-world traction, real clients, and real volume is now facing its toughest battle yet: surviving the crypto industry.Is this the final chapter?If you're reading this, you probably already know us, or you're about to meet the most stubborn builders in Web3. This is not a goodbye. This is a reckoning. After eight years of non-stop building, we’ve hit the wall: no more runway. And yet, ironically, we’re seeing more traction than ...
OPEN Ticketing EcosystemOPNs revised token economics - taxing the scalpers
Monetising the secondary marketOPEN Ticketing has pivoted to a more efficient, secondary-market-driven approach. Despite high paper fees previously, our old model wasn't delivering the value we envisioned. Now, by focusing on the secondary market—where approximately 8% of all tickets are naturally resold—we've created a model that slashes overhead, scales effortlessly, and channels far more value directly to OPN token holders through token burns and staking rewards. Major partners l...
OPEN Ticketing EcosystemEmpowering ticketing companies to challenge the cartel—the right way
How OPEN is providing decentralized tools to liberate the ticketing industryThe stranglehold of Live NationFor years, Live Nation and Ticketmaster have dominated the live event industry, controlling nearly every aspect of ticketing, venues, and promotion. Their monopoly has resulted in inflated ticket prices, exorbitant fees, and restrictive contracts that squeeze out competition. Fans, artists, and venues alike suffer under this exploitative model, and breaking free has seemed impossible—unt...
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On the 28th March we're launching $OPN, our utility token that fuels global tickets and provides governance in the OPEN Ticketing Ecosystem. Here's how $OPN is at the core of bringing the $86 Billion ticketing industry onchain and how you can get involved..
Ticketing integrators that use OPEN’s ticketing infrastructure are required to top up $OPN from the open market to pay and fuel the tickets they sell for their events. Attendees don't need to know about crypto, they pay in their local FIAT currency & $OPN fuel flows behind the scenes - just like magic.
You can view all activity through OPEN in real-time: http://explore.onopen.xyz
When attendees scan their tickets, $OPN flows to the DAO, ecosystem treasury & token holders through our staking system. By staking $OPN, you’ll receive real world yield with zero inflation, the more tickets sold, the more yield for stakers, its juicy.
The total and circulating supply of OPN is 22,926,928,000.
Along with fuelling tickets, $OPN is a governance token with the power to make meaningful change in the global ticketing industry. With a DAO warchest now over $5 Million, anyone that holds OPN can propose ideas & vote on new proposals.
We believe in the power of onchain flywheels where any participant around the world, whether builder, organiser, big thinker or degen can participate and earn from tickets issued through OPEN. With the power to bring the $86 billion ticketing industry onchain, and issue millions of tickets around the world each year, $OPN is at the core of all activity.
Set your reminders for the 28th as we begin trading of the $OPN token on Ethereum, Solana, Base and Polygon. Watch for the official communication of the contract address and we look forward to inviting you into the OPEN Ticketing Ecosystem with us
On the 28th March we're launching $OPN, our utility token that fuels global tickets and provides governance in the OPEN Ticketing Ecosystem. Here's how $OPN is at the core of bringing the $86 Billion ticketing industry onchain and how you can get involved..
Ticketing integrators that use OPEN’s ticketing infrastructure are required to top up $OPN from the open market to pay and fuel the tickets they sell for their events. Attendees don't need to know about crypto, they pay in their local FIAT currency & $OPN fuel flows behind the scenes - just like magic.
You can view all activity through OPEN in real-time: http://explore.onopen.xyz
When attendees scan their tickets, $OPN flows to the DAO, ecosystem treasury & token holders through our staking system. By staking $OPN, you’ll receive real world yield with zero inflation, the more tickets sold, the more yield for stakers, its juicy.
The total and circulating supply of OPN is 22,926,928,000.
Along with fuelling tickets, $OPN is a governance token with the power to make meaningful change in the global ticketing industry. With a DAO warchest now over $5 Million, anyone that holds OPN can propose ideas & vote on new proposals.
We believe in the power of onchain flywheels where any participant around the world, whether builder, organiser, big thinker or degen can participate and earn from tickets issued through OPEN. With the power to bring the $86 billion ticketing industry onchain, and issue millions of tickets around the world each year, $OPN is at the core of all activity.
Set your reminders for the 28th as we begin trading of the $OPN token on Ethereum, Solana, Base and Polygon. Watch for the official communication of the contract address and we look forward to inviting you into the OPEN Ticketing Ecosystem with us
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