December 22, 2020

Blockparty crypto: Information about a perspective token for entertainment

Blockparty crypto: Information about a perspective token for entertainment

Blockparty is a kind of very interesting token that is implemented in the everyday life of people. It shows us that it is easy to solve problems in different spheres of human life, including entertainment. The short abbreviation of this cryptocurrency is BOXX, which we are going to use in our review.

Blockparty crypto: Information about a perspective token for entertainment

BOXX is a very successful project in the music ticketing industry. There are a lot of problems in this sphere: fake tickets, dishonest prices, etc. A very ambitious and enthusiastic team of developers and people from this sphere decided to correct this shortcoming and managed to hit 2018 year by storm.

There were four ambitious goals set by this team:

  1. Develop a protocol of cryptocurrency, web and mobile application in 5 months.
  2. Create a complete token that can be used for payments.
  3. Execute usage of this token for selling music tickets.
  4. Launch an exponential growth.

Main achievements of this team

In 2018 the team of token creators was able to achieve these goals:

  1. They launched an alpha version of the token application for iOS. It was a very successful execution.
  2. In May, they launched a party for 500 people using the web application and finished creating the consensus algorithm. They created a complete token this month and used it for Elements Lakewood Music Festival execution.
  3. In September, they were able to engage more than 4,000 people for the Best Life music festival.

Also, they launched many other parties in 2018.

Results

Blockparty crypto: Information about a perspective token for entertainment

Blockparty cryptocurrency developers managed to achieve their ambitious goal thanks to all the advantages of Blockchain technologies. However, we need additional time for people to adapt to new methods of ticketing. In the future, it is going to be a very effective, secure, and fair method of making payments for the tickets. Let’s describe the main features of this token.

  1. Digital identity. Every person uses their fingerprint or face to buy tickets. At the same time, this system is totally anonymous. It is used as a key and tickets are stored on mobile phones.
  2. Very often tickets aren’t interchangeable. For example, there are several types of tickets: VIP, different kinds of seats. However, Blockparty is compatible with the NFT token. It allows users to perform operations easily.
  3. Fast transactions. The speed of transactions using Blockparty is 400 operations per second. It is very fast. To compare, PayPal’s speed is two times lower. It is a reason why tickets via BOXX protocol are sold like hotcakes.

To sum up, it is a very perspective cryptocurrency that shows results now.