VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.076USD
STEEM
0.000STEEM
SBD
0.085SBD
Effective Power
5.001SP
├── Own SP
0.636SP
└── Incoming DelegationsDeleg
+4.365SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.636SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 4.365SP | SP |
| Effective Power | 5.001SP | SP |
| Reward SP (pending) | 0.039SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.085SBD | SBD |
{
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "1035.952028 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7107.707778 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.085 SBD",
"conversions": []
}Account Info
| name | aventus |
| id | 175615 |
| rank | 1,029,836 |
| reputation | 903770759 |
| created | 2017-06-03T08:38:24 |
| recovery_account | steem |
| proxy | None |
| post_count | 2 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2017-06-12T09:38:06 |
| last_root_post | 2017-06-12T09:38:06 |
| last_vote_time | 2017-06-12T09:38:06 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 1035.952028 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 7107.707778 VESTS |
| reward_vesting_balance | 80.758897 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2017-06-03T09:08:54 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"id": 175615,
"name": "aventus",
"owner": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM5BCk67R6Vwgx7b1Kj1pvSNiFCTudpUzghZRqumsbgk5gejeZNR",
1
]
]
},
"active": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM6d2UGUZ9Cbyss7wgMNWnM4B1pP138xEbx1ejPcJkaeatkdxW2n",
1
]
]
},
"posting": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM85e5P2dsZijNx2QA9Mhwx2dkZrHTccszD8MiAJXVut8inWKzTE",
1
]
]
},
"memo_key": "STM5CAy3wAVNpWeovZdbH2GpZa6jCE8Y72VZBxXEYd2PAC7zwrjz2",
"json_metadata": "{\"profile\":{\"name\":\"Aventus\",\"about\":\"Blockchain-based event ticketing solution\",\"location\":\"United Kingdom\",\"website\":\"https://aventus.io/\",\"profile_image\":\"http://i67.tinypic.com/1j6tlk.png\"}}",
"posting_json_metadata": "{\"profile\":{\"name\":\"Aventus\",\"about\":\"Blockchain-based event ticketing solution\",\"location\":\"United Kingdom\",\"website\":\"https://aventus.io/\",\"profile_image\":\"http://i67.tinypic.com/1j6tlk.png\"}}",
"proxy": "",
"last_owner_update": "1970-01-01T00:00:00",
"last_account_update": "2017-06-03T09:08:54",
"created": "2017-06-03T08:38:24",
"mined": false,
"recovery_account": "steem",
"last_account_recovery": "1970-01-01T00:00:00",
"reset_account": "null",
"comment_count": 0,
"lifetime_vote_count": 0,
"post_count": 2,
"can_vote": true,
"voting_manabar": {
"current_mana": "8143659806",
"last_update_time": 1779054303
},
"downvote_manabar": {
"current_mana": 2035914951,
"last_update_time": 1779054303
},
"voting_power": 0,
"balance": "0.000 STEEM",
"savings_balance": "0.000 STEEM",
"sbd_balance": "0.000 SBD",
"sbd_seconds": "0",
"sbd_seconds_last_update": "1970-01-01T00:00:00",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"reward_sbd_balance": "0.085 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "80.758897 VESTS",
"reward_vesting_steem": "0.039 STEEM",
"vesting_shares": "1035.952028 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "7107.707778 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"withdrawn": 0,
"to_withdraw": 0,
"withdraw_routes": 0,
"curation_rewards": 0,
"posting_rewards": 77,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"witnesses_voted_for": 0,
"last_post": "2017-06-12T09:38:06",
"last_root_post": "2017-06-12T09:38:06",
"last_vote_time": "2017-06-12T09:38:06",
"post_bandwidth": 0,
"pending_claimed_accounts": 0,
"vesting_balance": "0.000 STEEM",
"reputation": 903770759,
"transfer_history": [],
"market_history": [],
"post_history": [],
"vote_history": [],
"other_history": [],
"witness_votes": [],
"tags_usage": [],
"guest_bloggers": [],
"rank": 1029836
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2026/05/17 21:45:03
2026/05/17 21:45:03
| delegator | steem |
| delegatee | aventus |
| vesting shares | 7107.707778 VESTS |
| Transaction Info | Block #106140457/Trx e692d044bf780014c46879a3113a7b62aa82859e |
View Raw JSON Data
{
"trx_id": "e692d044bf780014c46879a3113a7b62aa82859e",
"block": 106140457,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-05-17T21:45:03",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "7107.707778 VESTS"
}
]
}2026/05/11 18:39:24
2026/05/11 18:39:24
| delegator | steem |
| delegatee | aventus |
| vesting shares | 4395.497373 VESTS |
| Transaction Info | Block #105964724/Trx 2b9150b28d033710eaf1a5a9fe5cca9d6f887c6b |
View Raw JSON Data
{
"trx_id": "2b9150b28d033710eaf1a5a9fe5cca9d6f887c6b",
"block": 105964724,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-05-11T18:39:24",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "4395.497373 VESTS"
}
]
}2026/04/25 21:09:54
2026/04/25 21:09:54
| delegator | steem |
| delegatee | aventus |
| vesting shares | 7120.223534 VESTS |
| Transaction Info | Block #105508182/Trx 5e98385113c2b7270722d7d041bf9089dd5608a2 |
View Raw JSON Data
{
"trx_id": "5e98385113c2b7270722d7d041bf9089dd5608a2",
"block": 105508182,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-04-25T21:09:54",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "7120.223534 VESTS"
}
]
}2026/01/23 01:11:36
2026/01/23 01:11:36
| delegator | steem |
| delegatee | aventus |
| vesting shares | 4437.044192 VESTS |
| Transaction Info | Block #102843901/Trx 84b085bd3d48e6a6a1fd69178414ba384ce95aec |
View Raw JSON Data
{
"trx_id": "84b085bd3d48e6a6a1fd69178414ba384ce95aec",
"block": 102843901,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2026-01-23T01:11:36",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "4437.044192 VESTS"
}
]
}2024/12/16 20:31:27
2024/12/16 20:31:27
| delegator | steem |
| delegatee | aventus |
| vesting shares | 4601.263389 VESTS |
| Transaction Info | Block #91290319/Trx 255cf0215c151ec5a572a9a730c6f0604c6971d9 |
View Raw JSON Data
{
"trx_id": "255cf0215c151ec5a572a9a730c6f0604c6971d9",
"block": 91290319,
"trx_in_block": 1,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2024-12-16T20:31:27",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "4601.263389 VESTS"
}
]
}2023/11/13 12:17:18
2023/11/13 12:17:18
| delegator | steem |
| delegatee | aventus |
| vesting shares | 4770.396921 VESTS |
| Transaction Info | Block #79844596/Trx 5c4cc16cca518a84884a111118e059d83cde3bb8 |
View Raw JSON Data
{
"trx_id": "5c4cc16cca518a84884a111118e059d83cde3bb8",
"block": 79844596,
"trx_in_block": 5,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2023-11-13T12:17:18",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "4770.396921 VESTS"
}
]
}2023/09/21 18:55:03
2023/09/21 18:55:03
| delegator | steem |
| delegatee | aventus |
| vesting shares | 7707.675707 VESTS |
| Transaction Info | Block #78344349/Trx 3d90a4abcbd60423aed28013ff676ca8d022ed91 |
View Raw JSON Data
{
"trx_id": "3d90a4abcbd60423aed28013ff676ca8d022ed91",
"block": 78344349,
"trx_in_block": 6,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2023-09-21T18:55:03",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "7707.675707 VESTS"
}
]
}2022/11/03 09:02:24
2022/11/03 09:02:24
| delegator | steem |
| delegatee | aventus |
| vesting shares | 7929.357145 VESTS |
| Transaction Info | Block #69110078/Trx 7c78c19875afaf55d78a0d984600e79d27f80b64 |
View Raw JSON Data
{
"trx_id": "7c78c19875afaf55d78a0d984600e79d27f80b64",
"block": 69110078,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2022-11-03T09:02:24",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "7929.357145 VESTS"
}
]
}2022/01/17 08:31:30
2022/01/17 08:31:30
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8149.890376 VESTS |
| Transaction Info | Block #60806515/Trx 0c135b7e9897df0e81f71dc133a566c82bf5af7a |
View Raw JSON Data
{
"trx_id": "0c135b7e9897df0e81f71dc133a566c82bf5af7a",
"block": 60806515,
"trx_in_block": 8,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2022-01-17T08:31:30",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8149.890376 VESTS"
}
]
}2021/06/13 22:32:51
2021/06/13 22:32:51
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8333.659034 VESTS |
| Transaction Info | Block #54605025/Trx 35a0fd028cf6bc4ac6fd11824edcefc4205c63f5 |
View Raw JSON Data
{
"trx_id": "35a0fd028cf6bc4ac6fd11824edcefc4205c63f5",
"block": 54605025,
"trx_in_block": 24,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2021-06-13T22:32:51",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8333.659034 VESTS"
}
]
}2020/12/11 08:55:03
2020/12/11 08:55:03
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8521.081008 VESTS |
| Transaction Info | Block #49352580/Trx 7e18135b079a6267f5e7ec53325a90a953e80fb6 |
View Raw JSON Data
{
"trx_id": "7e18135b079a6267f5e7ec53325a90a953e80fb6",
"block": 49352580,
"trx_in_block": 2,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-12-11T08:55:03",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8521.081008 VESTS"
}
]
}2020/12/06 02:32:36
2020/12/06 02:32:36
| delegator | steem |
| delegatee | aventus |
| vesting shares | 1912.543513 VESTS |
| Transaction Info | Block #49204149/Trx d2e416c6faeead8ce22c4f2052f2e7a3dbe4cb9f |
View Raw JSON Data
{
"trx_id": "d2e416c6faeead8ce22c4f2052f2e7a3dbe4cb9f",
"block": 49204149,
"trx_in_block": 7,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-12-06T02:32:36",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "1912.543513 VESTS"
}
]
}2020/11/25 16:31:24
2020/11/25 16:31:24
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8538.207625 VESTS |
| Transaction Info | Block #48908544/Trx 61c9073a5c0fbfea9dfa1ecae6c019136b4fa650 |
View Raw JSON Data
{
"trx_id": "61c9073a5c0fbfea9dfa1ecae6c019136b4fa650",
"block": 48908544,
"trx_in_block": 0,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-11-25T16:31:24",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8538.207625 VESTS"
}
]
}2020/05/09 03:27:27
2020/05/09 03:27:27
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8730.094221 VESTS |
| Transaction Info | Block #43214360/Trx 40a92d8a737b534e34ea854d255f501f2abb0baa |
View Raw JSON Data
{
"trx_id": "40a92d8a737b534e34ea854d255f501f2abb0baa",
"block": 43214360,
"trx_in_block": 6,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-05-09T03:27:27",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8730.094221 VESTS"
}
]
}2020/05/08 06:43:12
2020/05/08 06:43:12
| delegator | steem |
| delegatee | aventus |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #43190059/Trx 7652f69a36d2070b995c057f4a7a08a55bf55099 |
View Raw JSON Data
{
"trx_id": "7652f69a36d2070b995c057f4a7a08a55bf55099",
"block": 43190059,
"trx_in_block": 26,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-05-08T06:43:12",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "1953.311140 VESTS"
}
]
}2020/04/15 20:09:57
2020/04/15 20:09:57
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8743.071640 VESTS |
| Transaction Info | Block #42560875/Trx 1220db39bd6474d4bc8206ac6e75b17b4f4a1b69 |
View Raw JSON Data
{
"trx_id": "1220db39bd6474d4bc8206ac6e75b17b4f4a1b69",
"block": 42560875,
"trx_in_block": 8,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2020-04-15T20:09:57",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8743.071640 VESTS"
}
]
}2019/06/03 10:11:18
2019/06/03 10:11:18
| parent author | aventus |
| parent permlink | aventus-white-paper-released |
| author | steemitboard |
| permlink | steemitboard-notify-aventus-20190603t101117000z |
| title | |
| body | Congratulations @aventus! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@aventus/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@aventus) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=aventus)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| Transaction Info | Block #33472932/Trx 43d9c595c95d35fb11ad2e3212a0f6eb7af62d45 |
View Raw JSON Data
{
"trx_id": "43d9c595c95d35fb11ad2e3212a0f6eb7af62d45",
"block": 33472932,
"trx_in_block": 5,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2019-06-03T10:11:18",
"op": [
"comment",
{
"parent_author": "aventus",
"parent_permlink": "aventus-white-paper-released",
"author": "steemitboard",
"permlink": "steemitboard-notify-aventus-20190603t101117000z",
"title": "",
"body": "Congratulations @aventus! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@aventus/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@aventus) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=aventus)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
}
]
}2019/05/12 13:24:36
2019/05/12 13:24:36
| delegator | steem |
| delegatee | aventus |
| vesting shares | 8938.694445 VESTS |
| Transaction Info | Block #32843695/Trx ac280655230535de5c8ca3d614e0ceef79478c2d |
View Raw JSON Data
{
"trx_id": "ac280655230535de5c8ca3d614e0ceef79478c2d",
"block": 32843695,
"trx_in_block": 21,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2019-05-12T13:24:36",
"op": [
"delegate_vesting_shares",
{
"delegator": "steem",
"delegatee": "aventus",
"vesting_shares": "8938.694445 VESTS"
}
]
}kda2018removed vote from (0.00%) @aventus / aventus-white-paper-released2018/06/22 06:41:27
kda2018removed vote from (0.00%) @aventus / aventus-white-paper-released
2018/06/22 06:41:27
| voter | kda2018 |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 0 (0.00%) |
| Transaction Info | Block #23537926/Trx f7fb77520ff3a33440c7a250b9649f1a27144aa0 |
View Raw JSON Data
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}2018/05/16 20:07:00
2018/05/16 20:07:00
| delegator | steem |
| delegatee | aventus |
| vesting shares | 9138.246880 VESTS |
| Transaction Info | Block #22489641/Trx 8e600bdcea60fc15888742c4814d13acbe9b2e90 |
View Raw JSON Data
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}2018/01/09 06:35:00
2018/01/09 06:35:00
| delegator | steem |
| delegatee | aventus |
| vesting shares | 29689.237264 VESTS |
| Transaction Info | Block #18819500/Trx 674f2a0badd49d8f130768bcd0b2248036c3414c |
View Raw JSON Data
{
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}2017/10/26 09:46:18
2017/10/26 09:46:18
| parent author | aventus |
| parent permlink | aventus-white-paper-released |
| author | kurencja.com |
| permlink | re-aventus-aventus-white-paper-released-20171026t094620918z |
| title | |
| body | Fine, we're looking forward to great price of AVT: http://aventusprice.com/ |
| json metadata | {"tags":["ico"],"links":["http://aventusprice.com/"],"app":"steemit/0.1"} |
| Transaction Info | Block #16664569/Trx 614277b6485d11476b037978de55882998260d7c |
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}j-bexupvoted (55.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/08/25 17:38:54
j-bexupvoted (55.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/08/25 17:38:54
| voter | j-bex |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| weight | 5500 (55.00%) |
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}j-bexupvoted (55.00%) @aventus / aventus-white-paper-released2017/08/25 17:38:48
j-bexupvoted (55.00%) @aventus / aventus-white-paper-released
2017/08/25 17:38:48
| voter | j-bex |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 5500 (55.00%) |
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View Raw JSON Data
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}hyudienupvoted (100.00%) @aventus / aventus-white-paper-released2017/07/24 12:33:45
hyudienupvoted (100.00%) @aventus / aventus-white-paper-released
2017/07/24 12:33:45
| voter | hyudien |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
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View Raw JSON Data
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}truncusupvoted (100.00%) @aventus / aventus-white-paper-released2017/07/04 21:00:39
truncusupvoted (100.00%) @aventus / aventus-white-paper-released
2017/07/04 21:00:39
| voter | truncus |
| author | aventus |
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| weight | 10000 (100.00%) |
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View Raw JSON Data
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}truncusupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/07/04 21:00:39
truncusupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/07/04 21:00:39
| voter | truncus |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| weight | 10000 (100.00%) |
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View Raw JSON Data
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}2017/06/21 16:50:33
2017/06/21 16:50:33
| parent author | aventus |
| parent permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| author | sashakon |
| permlink | re-aventus-the-event-ticketing-industry-is-broken-and-in-need-of-disruption-20170621t165034202z |
| title | |
| body | Project looks intresting. Good luck! |
| json metadata | {"tags":["music"],"app":"steemit/0.1"} |
| Transaction Info | Block #13019736/Trx 0a660a41454f506cbfeee49bcb59f27d7c5975cf |
View Raw JSON Data
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}aventusreceived 0.030 SBD, 0.019 SP author reward for @aventus / aventus-white-paper-released2017/06/19 09:38:06
aventusreceived 0.030 SBD, 0.019 SP author reward for @aventus / aventus-white-paper-released
2017/06/19 09:38:06
| author | aventus |
| permlink | aventus-white-paper-released |
| sbd payout | 0.030 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 31.051953 VESTS |
| Transaction Info | Block #12953767/Virtual Operation #3 |
View Raw JSON Data
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}sashakonupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/14 18:13:45
sashakonupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/14 18:13:45
| voter | sashakon |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| weight | 10000 (100.00%) |
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View Raw JSON Data
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}sashakonupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/14 18:13:03
sashakonupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/14 18:13:03
| voter | sashakon |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
| Transaction Info | Block #12820206/Trx cbebca831fe851c26bf9afffac9aad9ba9b46fdb |
View Raw JSON Data
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}kda2018upvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/14 06:21:42
kda2018upvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/14 06:21:42
| voter | kda2018 |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| weight | 10000 (100.00%) |
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View Raw JSON Data
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}spikykevinupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/13 17:18:48
spikykevinupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/13 17:18:48
| voter | spikykevin |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
| Transaction Info | Block #12790335/Trx 39cb422790e89fc032c3791e771ef21bcc68b14e |
View Raw JSON Data
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}2017/06/13 05:23:33
2017/06/13 05:23:33
| parent author | aventus |
| parent permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| author | imtiazmahmood |
| permlink | re-aventus-the-event-ticketing-industry-is-broken-and-in-need-of-disruption-20170613t052331290z |
| title | |
| body | great project. i liked this prokect |
| json metadata | {"tags":["music"],"app":"steemit/0.1"} |
| Transaction Info | Block #12776032/Trx 8fa9c0bd3fd1c11fdcb0fb27402050dd550cae3c |
View Raw JSON Data
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"title": "",
"body": "great project. i liked this prokect",
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}2017/06/13 05:23:00
2017/06/13 05:23:00
| voter | imtiazmahmood |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| weight | 10000 (100.00%) |
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View Raw JSON Data
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}2017/06/13 05:22:21
2017/06/13 05:22:21
| parent author | aventus |
| parent permlink | aventus-white-paper-released |
| author | imtiazmahmood |
| permlink | re-aventus-aventus-white-paper-released-20170613t052222403z |
| title | |
| body | great project. upvote |
| json metadata | {"tags":["ico"],"app":"steemit/0.1"} |
| Transaction Info | Block #12776008/Trx bc432c5d139335b2ca4b97f1ae6176d9e11ded61 |
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"body": "great project. upvote",
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}imtiazmahmoodupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/13 05:21:45
imtiazmahmoodupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/13 05:21:45
| voter | imtiazmahmood |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
| Transaction Info | Block #12775996/Trx 8649b44052c6b61f717946c5e841fa720f6bcf76 |
View Raw JSON Data
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}2017/06/12 22:22:39
2017/06/12 22:22:39
| parent author | aventus |
| parent permlink | aventus-white-paper-released |
| author | bb2ebb |
| permlink | re-aventus-aventus-white-paper-released-20170612t222239495z |
| title | |
| body | usually in this condition, I will be willing to helps in promoting don't hesitate if you need my help |
| json metadata | {"tags":["ico"],"app":"steemit/0.1"} |
| Transaction Info | Block #12767616/Trx b55024a7c9bd050ca44a4228050d3626ae90241c |
View Raw JSON Data
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"body": "usually in this condition, I will be willing to helps in promoting\ndon't hesitate if you need my help",
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}bb2ebbupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/12 22:18:48
bb2ebbupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/12 22:18:48
| voter | bb2ebb |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
| Transaction Info | Block #12767539/Trx 3afe5228ec9f52c1cd2e855fd15cdeefca466937 |
View Raw JSON Data
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}bobo012upvoted (100.00%) @aventus / aventus-white-paper-released2017/06/12 18:07:12
bobo012upvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/12 18:07:12
| voter | bobo012 |
| author | aventus |
| permlink | aventus-white-paper-released |
| weight | 10000 (100.00%) |
| Transaction Info | Block #12762511/Trx 91bfc9b4e3b3ffb22f9a3383c3998e2eaedca2e5 |
View Raw JSON Data
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"op": [
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}2017/06/12 16:23:15
2017/06/12 16:23:15
| delegator | steem |
| delegatee | aventus |
| vesting shares | 30031.047972 VESTS |
| Transaction Info | Block #12760432/Trx 91b11a164fa1cfa954da55f6951f14da97248376 |
View Raw JSON Data
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}kda2018upvoted (100.00%) @aventus / aventus-white-paper-released2017/06/12 13:03:12
kda2018upvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/12 13:03:12
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}steemitboardupvoted (5.00%) @aventus / aventus-white-paper-released2017/06/12 11:44:21
steemitboardupvoted (5.00%) @aventus / aventus-white-paper-released
2017/06/12 11:44:21
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}2017/06/12 11:44:15
2017/06/12 11:44:15
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| parent permlink | aventus-white-paper-released |
| author | steemitboard |
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| body | Congratulations @aventus! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@aventus) Award for the number of upvotes received Click on any badge to view your own Board of Honnor on SteemitBoard. For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard) If you no longer want to receive notifications, reply to this comment with the word `STOP` By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)! |
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}ktiupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/12 11:42:09
ktiupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/12 11:42:09
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}dimimpupvoted (1.00%) @aventus / aventus-white-paper-released2017/06/12 11:04:00
dimimpupvoted (1.00%) @aventus / aventus-white-paper-released
2017/06/12 11:04:00
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}nomadsteemupvoted (75.00%) @aventus / aventus-white-paper-released2017/06/12 09:49:48
nomadsteemupvoted (75.00%) @aventus / aventus-white-paper-released
2017/06/12 09:49:48
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}aventuspublished a new post: aventus-white-paper-released2017/06/12 09:44:36
aventuspublished a new post: aventus-white-paper-released
2017/06/12 09:44:36
| parent author | |
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| author | aventus |
| permlink | aventus-white-paper-released |
| title | Aventus White Paper Released! |
| body | You may have read about the problem we are solving, a brief explanation of our solution. Well…a full explanation of the problem and solution is here, in our white paper. Please note, it is a draft and the full audited version will be coming in the following weeks.  ## [Download The Aventus White Paper](https://aventus.io/doc/whitepaper.pdf) Aventus is a decentralised protocol that eliminates uncontrolled resale and counterfeit tickets. It allows event organisers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events and identifying fraudulent activity. Aventus ensures that you aren’t ripped off when buying tickets; that tickets are priced fairly, and that you are rewarded for providing value to events. With Aventus, most of the money you pay for your tickets actually benefits event organisers instead of helping resellers make profits. Please join our [Slack group](https://slack.aventus.io/) or follow us on [Twitter]( https://twitter.com/AventusSystems) to get more updates about Aventus! |
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}2017/06/12 09:42:48
2017/06/12 09:42:48
| parent author | aventus |
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| author | cheetah |
| permlink | cheetah-re-aventusaventus-white-paper-released |
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: http://www.the-blockchain.com/2017/06/01/aventus-launches-ethereum-based-event-ticketing-solution/ |
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}cheetahupvoted (1.00%) @aventus / aventus-white-paper-released2017/06/12 09:42:42
cheetahupvoted (1.00%) @aventus / aventus-white-paper-released
2017/06/12 09:42:42
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}aventusupvoted (100.00%) @aventus / aventus-white-paper-released2017/06/12 09:38:06
aventusupvoted (100.00%) @aventus / aventus-white-paper-released
2017/06/12 09:38:06
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}aventuspublished a new post: aventus-white-paper-released2017/06/12 09:38:06
aventuspublished a new post: aventus-white-paper-released
2017/06/12 09:38:06
| parent author | |
| parent permlink | ico |
| author | aventus |
| permlink | aventus-white-paper-released |
| title | Aventus White Paper Released! |
| body | You may have read about the problem we are solving, a brief explanation of our solution. Well…a full explanation of the problem and solution is here, in our white paper. Please note, it is a draft and the full audited version will be coming in the following weeks.  ## [Download The Aventus White Paper](https://aventus.io/doc/whitepaper.pdf) Aventus is a decentralised protocol that eliminates uncontrolled resale and counterfeit tickets. It allows event organisers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events and identifying fraudulent activity. Aventus ensures that you aren’t ripped off when buying tickets; that tickets are priced fairly, and that you are rewarded for providing value to events. With Aventus, most of the money you pay for your tickets actually benefits event organisers instead of helping resellers make profits. Please join our [Slack group](https://slack.aventus.io/) or follow us on [Twitter]( https://twitter.com/AventusSystems) to get more updates about Aventus! |
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}2017/06/12 04:42:18
2017/06/12 04:42:18
| parent author | aventus |
| parent permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
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| permlink | re-aventus-the-event-ticketing-industry-is-broken-and-in-need-of-disruption-20170612t044208849z |
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| body | hope this project never broken |
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}bb2ebbupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/12 04:39:45
bb2ebbupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/12 04:39:45
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}slmnupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/12 03:01:33
slmnupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/12 03:01:33
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}hyudienupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/11 21:59:36
hyudienupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/11 21:59:36
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}ringsekupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/11 19:30:51
ringsekupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/11 19:30:51
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}2017/06/11 00:04:51
2017/06/11 00:04:51
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2017/06/10 09:09:12
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2017/06/09 20:40:36
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2017/06/04 06:52:51
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| body | Congratulations @aventus! You have completed some achievement on Steemit and have been rewarded with new badge(s) : [](http://steemitboard.com/@aventus) You published your First Post [](http://steemitboard.com/@aventus) You made your First Vote [](http://steemitboard.com/@aventus) You got a First Vote Click on any badge to view your own Board of Honnor on SteemitBoard. For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard) If you no longer want to receive notifications, reply to this comment with the word `STOP` If you want to support the SteemitBoard project, your upvote for this notification is welcome! |
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}avariceupvoted (30.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/03 10:54:30
avariceupvoted (30.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/03 10:54:30
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}2017/06/03 10:38:12
2017/06/03 10:38:12
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/aventus/the-event-ticketing-industry-is-broken-and-in-need-of-disruption-a60781c3c699 |
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2017/06/03 10:38:06
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}2017/06/03 10:36:48
2017/06/03 10:36:48
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| parent permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| author | darkflame |
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| body | Very insightful thank you |
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}darkflameupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/03 10:36:00
darkflameupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/03 10:36:00
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}aventusupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/03 10:35:45
aventusupvoted (100.00%) @aventus / the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/03 10:35:45
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}aventuspublished a new post: the-event-ticketing-industry-is-broken-and-in-need-of-disruption2017/06/03 10:35:45
aventuspublished a new post: the-event-ticketing-industry-is-broken-and-in-need-of-disruption
2017/06/03 10:35:45
| parent author | |
| parent permlink | music |
| author | aventus |
| permlink | the-event-ticketing-industry-is-broken-and-in-need-of-disruption |
| title | The Event Ticketing Industry is Broken and in Need of Disruption |
| body |  ## The Event Ticketing Industry Generally speaking, the ticketing industry can be broken down into two main segments. The first is the primary market, where event organisers control the ticket price, revenue splits, and methods of ticket sale distribution (e.g. to select groups via third parties, with certain promoters, or through certain online hubs like [TicketMaster](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf)). Here, organisers price tickets in a variety of ways including at a fixed value, in an open auction, or using dynamic pricing per seat based on [demand](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). The pricing dynamics in the primary market heavily affect the volume and transactional value in the secondary market. In general, it is most common to find under-priced tickets — tickets that sell on the primary market with a face value that is below their market value — so that event organisers can maximise the attendance of their target audience, ultimately increasing customer loyalty and in-event advertising and [merchandise sales](http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.398.9979&%20rep=rep1&type=pdf). The second is the secondary market, where tickets purchased on the primary market are resold at [any price](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf) by touts and would-be attendees. Secondary markets are where the bulk of industry fraud arises, since these markets are unregulated and are ridden with counterfeits, tickets that have been already used or sold, or tickets that have been bulk-bought in primary markets and re-listed at sky-high prices in [secondary markets](https://www.theguardian.com/business/2016/nov/16/mps-call-for-inquiry-into-ticket-touts-and-resale-websites). It should be noted that event organisers currently have no control or right to revenue in the secondary markets, and that these secondary markets extend through to black markets at the door of events where touts re-sell printed tickets to hopeful attendees. ## The Current System is Broken In the existing industry, isolation of operations and misaligned incentives mean that primary and secondary market platforms benefit from some forms of fraudulent activity, gaining at the expense of fans and [event organisers](https://www.theguardian.com/money/2016/sep/10/pixies-lead-battle-against-ticket-touts). In general, event organisers under-price tickets to maximise fan attendance, increase customer loyalty, and earn more revenue from [in-event sales](http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.398.9979&rep=rep1&type=pdf), and thus large economic potential exists for secondary markets to form as resellers can make a profit by pricing tickets at their real [market value](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). Consequently, touts use software programmes known as “bots” to bulk buy tickets on primary markets, resulting in popular events selling out in minutes mostly to resellers who never intended to attend the show in the [first place](https://www.nytimes.com/2016/12/08/business/media/ticket-scalping-bots-act.html). Since primary market platforms such as TicketMaster earn a portion of revenue from each ticket sale and the ticket price in the primary market is fixed by the event organiser, these platforms maximise their revenue by maximising the number of tickets sold. Hence, they are dis-incentivised from stopping bulk bot-buying of tickets as according to TicketMaster, these purchases contribute to around 60% of sales to [popular shows](https://www.nytimes.com/2016/12/08/business/media/ticket-scalping-bots-act.html). Once touts manage to buy up tickets from primary markets, they place them onto secondary markets within [minutes](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf) at extortionate prices, averaging 49% above face value with margins often exceeding [1000%](http://www.consumerreports.org/money/why-ticket-prices-are-going-through-the-roof/). This blocks price-sensitive fans from attending an event and causes regular fans to pay higher-than-intended prices for tickets, causing customer dissatisfaction and bad brand publicity for [event organisers](https://www.forbes.com/sites/mikeozanian/2011/10/04/baseballs-best-and-worst-secondary-ticket-markets/#4a05c44f33ea). Since fees of secondary market platforms like Stubhub are a percentage of ticket resale price (typically 25–30%), such platforms have minimal incentive to stop the extortionate secondary market prices since the most unfair reseller behaviour contributes substantially to their [bottom lines](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). Furthermore, it should be noted that when resellers bulk buy tickets, they list the same ticket on multiple secondary [market platforms](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). Once the ticket is sold on one platform however, the reseller often does not remove it from the other platforms and therefore ends up selling it as a counterfeit on those [other outlets](http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=11833817). In fact, the Telegraph estimates that Brits wasted over £5m on counterfeit tickets in 2015 via from false social [media advertisements](http://www.telegraph.co.uk/news/2016/05/21/facebook-and-twitter-are-a-5m-hotbed-for-fake-ticket-sales/). Again, the secondary market platforms have a minimal economic incentive to stop this behaviour as they gain revenue from these sales. Finally, the siloed nature of these primary and secondary ticketing companies means that an event’s tickets are usually only sold by one platform and a set of authorised promoters. This puts the responsibility of promoting an event and generating ticket sales mainly into the hands of the ticketing platform (and the size of their relevant user base for the event) and the event organisers, making it difficult for awareness about the event to spread to its full target audience. In fact, according to TicketMaster’s CEO Sean Moriarty, “nearly 35% of ticket inventory goes unsold, and if you ask fans why they didn’t go to shows, one of the most popular reasons is ‘I didn’t know [about it](http://www.slideshare.net/InklingIntelligence/uk-live-music-industry-2011)’”. ## Existing Solutions Industry participants have tried to tackle this problem in two main ways — via technology, and legislation. ### Technology To date, there are two main types of solutions to some of these problems. The first are mechanisms that only allow resale/ticket transfer at face-value or less, used by primary markets such as [Resident Advisor](https://www.residentadvisor.net/news.aspx?id=25747) or fan-to-fan transfer marketplaces like [Twickets](https://www.twickets.co.uk/how-it-works). The second are data-driven techniques for identifying touts at point of purchase, and for identifying tickets on secondary market [websites](https://www.twickets.co.uk/how-it-works). Companies using the latter include [Songkick](http://www.songkick.com/info/about) and [Dice.fm](https://dice.fm/about) (who incidentally also prevents resale of their tickets altogether). Unfortunately, both of these methods fall short of solving the range of problems described above. Preventing resale altogether stops genuine fans who cannot attend from selling their tickets to other fans. Transfer at face-value or less creates incentives for black markets, where tickets are transferred at face value online along with an offline monetary transaction. Identifying touts using machine learning is an impossible problem to solve, as scalpers can create tools to learn these algorithms and change their own behaviour to avoid being caught. ### Legislation Many jurisdictions have identified the injustices in touting and have banned it all together: in France and Italy, ticket reselling is [illegal](http://www.cnbc.com/2015/03/04/online-ticket-resellers-the-surreptitious-rise-of-the-online-scalper.html), and in the U.K the re-selling football tickets is illegal without the [permission of the club](https://inews.co.uk/essentials/culture/music/secondary-ticketing-problems-solutions/). Unfortunately, legislation has been unsuccessful since it is very difficult to control black markets: despite some football clubs having long authorised reseller lists, tickets appear on sites outside of these sets; at sports matches and concerts globally, black market sales continue to occur [outside of the venue](http://www.cnbc.com/2015/03/04/%20online-ticket-resellers-the-surreptitious-rise-of-the-online-scalper.html). Further, in recent times bot software (the bulk buying computer software used by touts) has been increasingly banned globally, with both the U.S. and the U.K putting laws forward to make their use [illegal](https://www.theguardian.com/money/2016/oct/19/touts-using-bots-buy-tickets-face-jail). However, Annabella Coldrick, CEO of the Music Managers’ Forum stated that these penalties are unlikely to make a significant difference since there are various ways to circumvent these rules, e.g. by “paying people based abroad to buy tickets, or by using [multiple credit cards](https://www.theguardian.com/money/2016/oct/19/touts-using-bots-buy-tickets-face-jail)”. ## Conclusion Since the problems associated with ticket touting have not yet been solved by technology or new legislation, artists, organisers and fans have started losing hope that the market will ever change for [the better](http://musically.com/2016/10/05/analysis-whats-the-real-cost-of-secondary-ticketing/). The industry overview and its problems highlighted point to a need to re-build it from the bottom up, destroying the current siloed architecture and creating a new fair, secure, and transparent economic model where fans and event organisers have more control and touts and ticketing platforms are incentivised to behave in a way that solely produces positive externalities. Thankfully, the solution is around the corner —[Aventus](aventus.io). More details coming very soon. |
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"permlink": "the-event-ticketing-industry-is-broken-and-in-need-of-disruption",
"title": "The Event Ticketing Industry is Broken and in Need of Disruption",
"body": "\n\n## The Event Ticketing Industry\n\nGenerally speaking, the ticketing industry can be broken down into two main segments.\n\nThe first is the primary market, where event organisers control the ticket price, revenue splits, and methods of ticket sale distribution (e.g. to select groups via third parties, with certain promoters, or through certain online hubs like [TicketMaster](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf)). Here, organisers price tickets in a variety of ways including at a fixed value, in an open auction, or using dynamic pricing per seat based on [demand](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). The pricing dynamics in the primary market heavily affect the volume and transactional value in the secondary market. In general, it is most common to find under-priced tickets — tickets that sell on the primary market with a face value that is below their market value — so that event organisers can maximise the attendance of their target audience, ultimately increasing customer loyalty and in-event advertising and [merchandise sales](http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.398.9979&%20rep=rep1&type=pdf).\n\nThe second is the secondary market, where tickets purchased on the primary market are resold at [any price](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf) by touts and would-be attendees. Secondary markets are where the bulk of industry fraud arises, since these markets are unregulated and are ridden with counterfeits, tickets that have been already used or sold, or tickets that have been bulk-bought in primary markets and re-listed at sky-high prices in [secondary markets](https://www.theguardian.com/business/2016/nov/16/mps-call-for-inquiry-into-ticket-touts-and-resale-websites). It should be noted that event organisers currently have no control or right to revenue in the secondary markets, and that these secondary markets extend through to black markets at the door of events where touts re-sell printed tickets to hopeful attendees.\n\n## The Current System is Broken\n\nIn the existing industry, isolation of operations and misaligned incentives mean that primary and secondary market platforms benefit from some forms of fraudulent activity, gaining at the expense of fans and [event organisers](https://www.theguardian.com/money/2016/sep/10/pixies-lead-battle-against-ticket-touts).\n\nIn general, event organisers under-price tickets to maximise fan attendance, increase customer loyalty, and earn more revenue from [in-event sales](http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.398.9979&rep=rep1&type=pdf), and thus large economic potential exists for secondary markets to form as resellers can make a profit by pricing tickets at their real [market value](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). Consequently, touts use software programmes known as “bots” to bulk buy tickets on primary markets, resulting in popular events selling out in minutes mostly to resellers who never intended to attend the show in the [first place](https://www.nytimes.com/2016/12/08/business/media/ticket-scalping-bots-act.html). Since primary market platforms such as TicketMaster earn a portion of revenue from each ticket sale and the ticket price in the primary market is fixed by the event organiser, these platforms maximise their revenue by maximising the number of tickets sold. Hence, they are dis-incentivised from stopping bulk bot-buying of tickets as according to TicketMaster, these purchases contribute to around 60% of sales to [popular shows](https://www.nytimes.com/2016/12/08/business/media/ticket-scalping-bots-act.html).\n\nOnce touts manage to buy up tickets from primary markets, they place them onto secondary markets within [minutes](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf) at extortionate prices, averaging 49% above face value with margins often exceeding [1000%](http://www.consumerreports.org/money/why-ticket-prices-are-going-through-the-roof/). This blocks price-sensitive fans from attending an event and causes regular fans to pay higher-than-intended prices for tickets, causing customer dissatisfaction and bad brand publicity for [event organisers](https://www.forbes.com/sites/mikeozanian/2011/10/04/baseballs-best-and-worst-secondary-ticket-markets/#4a05c44f33ea). Since fees of secondary market platforms like Stubhub are a percentage of ticket resale price (typically 25–30%), such platforms have minimal incentive to stop the extortionate secondary market prices since the most unfair reseller behaviour contributes substantially to their [bottom lines](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf).\n\nFurthermore, it should be noted that when resellers bulk buy tickets, they list the same ticket on multiple secondary [market platforms](http://www2.warwick.ac.uk/fac/soc/economics/staff/mjwaterson/ind-16-7-independent-review-online-secondary-ticketing-facilities.pdf). Once the ticket is sold on one platform however, the reseller often does not remove it from the other platforms and therefore ends up selling it as a counterfeit on those [other outlets](http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=11833817). In fact, the Telegraph estimates that Brits wasted over £5m on counterfeit tickets in 2015 via from false social [media advertisements](http://www.telegraph.co.uk/news/2016/05/21/facebook-and-twitter-are-a-5m-hotbed-for-fake-ticket-sales/). Again, the secondary market platforms have a minimal economic incentive to stop this behaviour as they gain revenue from these sales.\n\nFinally, the siloed nature of these primary and secondary ticketing companies means that an event’s tickets are usually only sold by one platform and a set of authorised promoters. This puts the responsibility of promoting an event and generating ticket sales mainly into the hands of the ticketing platform (and the size of their relevant user base for the event) and the event organisers, making it difficult for awareness about the event to spread to its full target audience. In fact, according to TicketMaster’s CEO Sean Moriarty, “nearly 35% of ticket inventory goes unsold, and if you ask fans why they didn’t go to shows, one of the most popular reasons is ‘I didn’t know [about it](http://www.slideshare.net/InklingIntelligence/uk-live-music-industry-2011)’”.\n\n## Existing Solutions\nIndustry participants have tried to tackle this problem in two main ways — via technology, and legislation.\n\n### Technology\nTo date, there are two main types of solutions to some of these problems. The first are mechanisms that only allow resale/ticket transfer at face-value or less, used by primary markets such as [Resident Advisor](https://www.residentadvisor.net/news.aspx?id=25747) or fan-to-fan transfer marketplaces like [Twickets](https://www.twickets.co.uk/how-it-works). The second are data-driven techniques for identifying touts at point of purchase, and for identifying tickets on secondary market [websites](https://www.twickets.co.uk/how-it-works). Companies using the latter include [Songkick](http://www.songkick.com/info/about) and [Dice.fm](https://dice.fm/about) (who incidentally also prevents resale of their tickets altogether).\n\nUnfortunately, both of these methods fall short of solving the range of problems described above. Preventing resale altogether stops genuine fans who cannot attend from selling their tickets to other fans. Transfer at face-value or less creates incentives for black markets, where tickets are transferred at face value online along with an offline monetary transaction. Identifying touts using machine learning is an impossible problem to solve, as scalpers can create tools to learn these algorithms and change their own behaviour to avoid being caught.\n\n### Legislation\nMany jurisdictions have identified the injustices in touting and have banned it all together: in France and Italy, ticket reselling is [illegal](http://www.cnbc.com/2015/03/04/online-ticket-resellers-the-surreptitious-rise-of-the-online-scalper.html), and in the U.K the re-selling football tickets is illegal without the [permission of the club](https://inews.co.uk/essentials/culture/music/secondary-ticketing-problems-solutions/). Unfortunately, legislation has been unsuccessful since it is very difficult to control black markets: despite some football clubs having long authorised reseller lists, tickets appear on sites outside of these sets; at sports matches and concerts globally, black market sales continue to occur [outside of the venue](http://www.cnbc.com/2015/03/04/%20online-ticket-resellers-the-surreptitious-rise-of-the-online-scalper.html).\n\nFurther, in recent times bot software (the bulk buying computer software used by touts) has been increasingly banned globally, with both the U.S. and the U.K putting laws forward to make their use [illegal](https://www.theguardian.com/money/2016/oct/19/touts-using-bots-buy-tickets-face-jail). However, Annabella Coldrick, CEO of the Music Managers’ Forum stated that these penalties are unlikely to make a significant difference since there are various ways to circumvent these rules, e.g. by “paying people based abroad to buy tickets, or by using [multiple credit cards](https://www.theguardian.com/money/2016/oct/19/touts-using-bots-buy-tickets-face-jail)”.\n\n## Conclusion\n\nSince the problems associated with ticket touting have not yet been solved by technology or new legislation, artists, organisers and fans have started losing hope that the market will ever change for [the better](http://musically.com/2016/10/05/analysis-whats-the-real-cost-of-secondary-ticketing/). The industry overview and its problems highlighted point to a need to re-build it from the bottom up, destroying the current siloed architecture and creating a new fair, secure, and transparent economic model where fans and event organisers have more control and touts and ticketing platforms are incentivised to behave in a way that solely produces positive externalities.\n\nThankfully, the solution is around the corner —[Aventus](aventus.io). More details coming very soon.",
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2017/06/03 09:08:54
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