FAQ’s

Who is our customer?

Anyone. Well, almost. Basically anyone wanting to host a real or online event. TKETS can be used for concerts, designer drops, sport events, museums, art exhibitions, theatre, transport, hospitality, retail, influencer events, or even personal events such as parties, weddings, personal education etc… The list goes on.

Is this a DAPP on theta network?

Yes indeed. This will be a DAPP built on Theta Network.

Why Theta Network?

There are many reasons why Theta, our main reasons are as follows. Firstly, Theta is a proof of stake blockchain network that is more environmentally sustainable and uses less energy compared to other PoW blockchains like Ethereum. Secondly, Theta network has over 3000 Guardian nodes and 130k Edge nodes securing the network, making it highly decentralised and available. Finally, the Theta network has a block time of 6 seconds and can handle TPS of over 10000, making transactions quicker.

Do you have an associated token coming?

There is no token right now, as our product is in its early stages and we feel there is no specific need for a TKET token. There may be a need for it in the future if we see a need or use for it, but we have no plans for this as of now.

When can we expect to buy the product/ mint our own tickets?

Our current aim is by the end of the Theta Network 2021 Hackathon Project. Sometime between now and, at the very latest, December 1st 2021.

How are you secure?

Firstly, each ticket purchase and transfer is secured by the THETA Blockchain, hence the ownership of each ticket is transparent and verifiable by all. This step inevitably eliminates any form of ticket fraud. Secondly, we provide secure verification. Each ticket generates a QR code, a securely signed signature that expires after 1 minute. This can only be generated by the person processing the private key to the wallet that holds each ticket, thus proving ownership at any event entry. Further, encrypted off- chain data. Any metadata stored off-chain is encrypted with AES-128, using the randomly generated 160-bit Event ID as the key. Only the hash of the Event ID is stored via a map onto the encrypted metadata. This means without knowing the Event ID, no one (not even the admins!) can see the contents of your event.

Source: https://medium.com/@admin_7026/faqs-97c9f1f8cfff?source=rss——cryptocurrency-5