Event Ticketing is one of the most centralized industries to date. Unfortunately, due to the many restrictions and frauds in place, consumers, especially those seeking tickets for events start off at a disadvantage. Did you ever have to wait for tickets to go online only to find yourself unlucky due to instant sales? Are you tired of having to pay double and even triple the original price when you should have had the access for purchase in the first place?
What Is Lamoneda?
These are just some of many concerns within the ticketing industry, and Lamoneda could be a possible solution. According to the claims made, Lamoneda, is a blockchain-based decentralized system that will be working towards creating a platform in which transparency of transactions is highlighted. Their main goal is to eliminate frauds once and for all.
Lamoneda Blockchain SmartTickets To Avoid Fraud Solutions
Lamoneda’s first solution is called the SmartTickets, which is a ticketing system that uses smart contracts. In addition, its native tokens, LMDA, will also be made available for those using the Lamoneda platform.
Companies and individuals looking to sell or buy tickets for an upcoming event will be able to execute the entire process through SmartTickets, where LMDA tokens will be used as a medium of payment. Cryptographic signatures are a factor that Lamoneda will be implementing to ensure that that the selling and buying of tickets were successful, which will then be stored onto the Ethereum blockchain.
Using SmartTickets as a way to create individual sequence numbers eliminates scams or selling tickets to more than one person. This also helps to stabilize the price, ensuring that all consumers get value for their money, as opposed to ridiculous price hikes.
Lamoneda LMDA Token ICO Details
Lamoneda is currently holding a pre-ICO for its LMDA. It will be running between June 15th and July 6th, where each LMDA is equivalent to 0.00005 ETH. Users who onboard the project during Lamoneda’s pre-sale will be getting 20% off.
For more information, check out the Lamoneda Whitepaper at: lamoneda.co