[PRESS RELEASE – Birkirkara, Malta, October 24th, 2023]

UTIX, the blockchain-based e-ticketing platform that provides event organizers across the globe with the ability to sell online tickets, has announced its native $UTIX cryptocurrency reward token will be available to buy and sell on the BitMart exchange from October 31.

The UTIX platform is a software-as-a-service offering that provides comprehensive and highly customizable e-ticketing solutions to event organizers. It’s built atop of the Ethereum blockchain network, which enables it to utilize smart contracts to monitor and control the sale of tickets via its e-ticketing ecosystem. UTIX generates revenue by charging small fees on each ticket sold, meaning its platform is completely free for event organizers to use.

The main purpose of the $UTX ERC-20 loyalty token is to reward consumers for their continuous use of the UTIX platform and encourage them to come back again and again. By earning $UTX every time they purchase e-tickets via UTIX, users can obtain discounts on future events listed on the platform. In this way, $UTX loyalty rewards give event organizers a compelling incentive that entices users to purchase tickets for their events. UTIX has also registered its Whitepaper with the MFSA (Malta Financial Services Authority) and became one of only 3 digital assets in the world with this level of regulation.

With the UTIX platform, event organizers have a seamless way to implement smart contracts that control numerous variables pertaining to each ticket sold. In addition to its ease of use, the UTIX platform allows sellers to control the secondary market price for e-ticket sales, preventing touts from buying up multiple tickets and passing them on at a huge markup. And because it leverages blockchain’s immutability, UTIX helps to combat fraud by minimizing the possibility of counterfeit tickets being sold.

Most importantly, the capabilities of UTIX are wrapped around a simple user interface, meaning that neither the event organizers nor end users will be aware they’re interacting with a blockchain platform. In this way, it provides all of the benefits of a blockchain-based ticketing platform, without any