Noémi Melcher

Issuing a token in the crypto-world is like going public at the stock market. A company issues tokens (or shares). Balázs first met the concept of the reverse auction at Raiden Token auction. A simplified version of this became the basis for ReverseTicket's dynamic pricing.

Do you organize events, sell tickets? You probably pay three times the commission you think. Why? Ticketing companies usually live off their commissions. There are some facts that these companies are silent about.

A system, called Ticker, has boosted revenues through reverse auctions while gaining support from fans and the press.

Ticket sales for the System Of A Down 2020 concert held in Budapest caused a huge scandal. Servers were breaking down and fans couldn't buy their tickets safely. Over a thousand angry commentators attacked the organizer Live Nation on Facebook.

The short answer is: we don't, but it's everywhere. Why is this a problem?

The 'idea-stage' winner of Startup Live Budapest is ReverseTicket.

On 24th September 2019, we took part in the X.Be Smart event organized by BVK. A few days later we received an email saying that we were among the finalists of the Startup Europe Awards Hungary.

We have spent three months designing and developing. As a result, the first live version of ReverseTicket is out by now. If you want to try it out without consequences click and find out how!

Do you work with promoters or sell tickets at venue too? With ReverseTicket, you can make offline sales more convenient than ever.

ReverseTicket's dynamic pricing system is based on reverse auction. The name can be misleading. Unlike a traditional auction, ReverseTicket's dynamic pricing system it is fair and predictable.

Surely, you know from movies how a traditional auction works. When it comes to, lets say a famous painting, many people want to get it, but in the end, only one can buy it. When no higher bid is received, the auction ends and the highest bidder can buy the painting.

All organizers need an interface where they can keep track of their events' statistics. This is now possible with us, in real time.