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Lean Canvas for TicketMint

Problem

  • Ticket Fraud and Counterfeiting: Traditional ticketing systems suffer from fake tickets, causing financial losses and attendee frustration.
  • Scalping and Unauthorized Resales: Scalpers inflate ticket prices, limiting accessibility for genuine fans.
  • Lack of Post-Event Value: Traditional tickets become worthless after events, missing opportunities for collectible or engagement potential.
  • Opaque Revenue Distribution: Event organizers lose control over secondary sales and associated profits.
  • Crypto Accessibility: Cryptocurrency-based ticketing is often complex for non-crypto users, limiting adoption.

Customer Segments

  • Event Organizers: Concert promoters, festival planners, sports event managers, and conference hosts needing secure ticketing.
  • Event Attendees: Fans seeking authentic, fraud-proof tickets with added value (e.g., collectibles).
  • NFT Collectors: Users interested in owning and trading event-based digital assets.
  • QUBIC Ecosystem Users: Crypto enthusiasts and investors using QUBIC tokens for practical applications.
  • Secondary Market Traders: Individuals or platforms reselling tickets under controlled conditions.

Unique Value Proposition

TicketMint delivers secure, transparent NFT-based event ticketing on the QUBIC blockchain, enabling QUBIC or bank card payments, controlled ticket transfers, single-use verification, and automated revenue sharing for organizers and token holders, all powered by QUBIC’s scalable UPoW consensus.

Solution

  • NFT Ticket Minting: Organizers create events on TicketMint and mint tickets as NFTs on QUBIC’s blockchain, ensuring authenticity.
  • Flexible Payments: Users pay with QUBIC tokens or bank cards (via third-party gateways like MoonPay), converted to QUBIC for NFT minting.
  • Wallet Integration: Tickets are minted as NFTs and sent to a user’s QUBIC-compatible wallet (e.g., TicketMint’s custodial wallet or external wallets like MetaMask).
  • Single-Use Verification: At events, tickets are scanned via QR codes or NFC, verified on the blockchain, and marked as used to prevent reuse.
  • Smart Contract Revenue Sharing: QUBIC smart contracts distribute a percentage of ticket sale proceeds (primary and secondary) to organizers and TicketMint token holders.
  • Anti-Scalping Controls: Organizers set resale rules (e.g., price caps, royalty percentages) via smart contracts to curb scalping and retain profits.

Channels

  • TicketMint Website: Core platform for event creation, ticket minting, and purchases.
  • QUBIC Ecosystem: Promotion via QUBIC community channels, wallets, and partnerships.
  • Social Media: Campaigns on platforms like X targeting event-goers and crypto users.
  • Event Organizer Networks: Partnerships with promoters, venues, and ticketing agencies.
  • NFT Marketplaces: Listing collectible tickets on platforms like OpenSea for secondary trading.
  • Mobile Apps: iOS/Android apps for wallet management, ticket scanning, and event discovery.

Revenue Streams

  • Minting Fees: Small fee per NFT ticket minted on QUBIC’s blockchain.
  • Transaction Fees: Percentage of primary and secondary ticket sales.
  • Royalty Shares: Percentage of secondary market resales distributed to organizers and token holders.
  • Premium Features: Fees for organizer tools like analytics or fan engagement features.
  • Sponsorships: Revenue from branded event promotions or sponsored NFT collectibles.

Cost Structure

  • Development Costs: Building and maintaining the TicketMint platform, smart contracts, and QUBIC integration.
  • Payment Gateway Fees: Costs for bank card processing via third-party gateways (e.g., MoonPay, Stripe).
  • Blockchain Transaction Fees: Minimal UPoW-based fees for minting and transferring NFTs on QUBIC.
  • Marketing: Expenses for social media, influencer partnerships, and event organizer outreach.
  • Customer Support: Staff and tools for user assistance (e.g., wallet recovery, event support).
  • Infrastructure: Server and hosting costs for scalable transaction handling.

Key Metrics

  • Events Hosted: Number of events created on TicketMint.
  • Tickets Minted/Sold: Volume of NFT tickets issued and purchased.
  • Secondary Market Activity: Number and value of ticket resales.
  • Revenue Distributed: Proceeds shared with organizers and token holders.
  • User Retention: Percentage of returning organizers and attendees.
  • Fraud Reduction: Decrease in counterfeit or scalped tickets compared to industry norms.

Unfair Advantage

  • QUBIC’s UPoW Blockchain: Scalable, low-cost transactions via Useful Proof of Work, ideal for high-volume NFT ticketing.
  • Hybrid Payments: Seamless QUBIC and bank card integration, broadening accessibility.
  • Revenue Sharing Model: Incentivizes token holders with proceeds, driving platform loyalty.
  • Anti-Scalping Controls: Smart contract rules ensure fair pricing and organizer profits.
  • Collectible NFTs: Tickets double as digital keepsakes, boosting fan engagement.

Notes

  • Bank Card Logistics: Third-party gateways (e.g., MoonPay) convert fiat to QUBIC for NFT minting, requiring KYC/AML compliance and incurring fees.
  • UPoW Scalability: QUBIC’s UPoW ensures low-cost, high-throughput transactions, suitable for large-scale ticketing.
  • Security: Smart contracts must be audited to prevent exploits. QR/NFC scanning ensures secure, blockchain-verified ticket validation.
  • Regulatory Compliance: Adhere to local laws for ticket sales, NFT trading, and crypto payments.
  • Future Features: Airdrop perks (e.g., merchandise, VIP access) to NFT ticket holders to enhance engagement.