Ticket sales via block chain: Ajax Amsterdam has new partners

Ajax Amsterdam appoints SecuTix and TIXnGO as new technology partners and will in future rely on Blockchain for ticket sales.

The sale of tickets on the black market has always been a thorn in the side of the organisers. In the meantime, a procedure has been implemented using block chain technology to prevent such activities. Also the illegal forgery of tickets has become virtually impossible thanks to Blockchain. One of the major events that will rely on block chain ticketing is the European Football Championship 2020, which, as we all know, has now been postponed by one year to 2021. Before that, there had already been a successful test of ticket sales by the Dutch Football Association.

In this context, a report by the Dutch football club Ajax Amsterdam fits the bill. The club has appointed the cloud-based ticket solution SecuTix and its brand TIXnGO, the secure mobile ticket exchange, as new technology partners of the club. Under the agreement, Ajax will also become a development partner for the SecuTix 360° SaaS ticketing platform and will work on new features specifically for the sports sector.

The Dutch professional football club already started selling tickets via TIXnGO in summer 2020. In a series of pilot events a limited number of local fans were let back into the Johan Cruyff Arena. The test was quite promising. As a result, 10,000 fans were able to purchase their tickets at the match on 20 September using the mobile TIXnGO ticket exchange.

Use of the Blockchain also in the health sector
TIXnGO has already been used for ticket sales at other sports events. For example in England, where in January this year the Lancashire County Cricket Club announced a use of the Blockchain app. This will allow fans to purchase mobile phone tickets for all national and international matches in 2020 on his home ground Emirates Old Trafford. The club successfully tested the platform in the 2019 season.

While sports and other organisers worldwide suffer from the ongoing COVID-19 pandemic, TIXnGO has recognised the potential of the Blockchain for the health care sector. Health n Go was launched in May 2020. This is an app for mobile health certificates that enables the identification of persons who have become immune through digital certificates. Instead of storing the sensitive test results in a block chain, they are encrypted and stored on the user’s smartphone. The block chain is only used to verify the results.

The results of the Health n Go test phase were carried out together with the Swiss laboratory network Medisupport and the railway equipment supplier Mitisa. According to media reports, the first test phase was recently concluded with apparently encouraging results.

Translated with www.DeepL.com/Translator (free version)

On-chain data shows: Bitcoin sees capital inflows at a record-breaking pace

Bitcoin has exploded higher and higher in the past few weeks.

In the last five weeks alone, the coin has risen by around 50%

According to Willy Woo, the capital is pouring into the Bitcoin market almost at record speed.

In particular, Woo points out the realized price metric, which depicts the estimated cost base of the average Bitcoin investor.

Bitcoin has exploded higher in the past few weeks. In the past five weeks alone, the leading cryptocurrency has gained 50% against the US dollar, essentially outperforming all other assets.

Bitcoin is currently trading for $ 16,200 (buy Bitcoin now? Click here for instructions!) – well above the September lows of $ 9,800, but slightly below the local highs of $ 16,500.

According to Willy Woo, the capital is pouring into the Bitcoin market at almost record speed. The prominent on-chain analyst comments that, according to his data, there is clearly an inflow of capital into the Bitcoin market that is driving prices up.

He points to the realized price metric, which tracks the estimated average cost base that Bitcoin investors have paid. Referring to the chart below, he writes:

“The realized price estimates the average price that the market paid for BTC. It is now at the steepest rise in this cycle, meaning that the inflow of capital into #Bitcoin has reached its highest rate since the last bull market. (Higher than last year’s $ 4k- $ 14k move; current move is more organic). For the sake of this comment, I’ll define „organic“. Organic price movements occur when BTC price is closely related to investors‘ capital that enters and exits the market. If it is an inorganic BTC price, it will be dominated by short-term derivatives traders. “

Far from the only good sign

The growing strength in the realized Bitcoin price isn’t the only good sign the analyst has seen recently. He also notes that the ongoing rally appears to have been catalyzed by large investors – suggesting that this rally is being influenced by institutional money:

“Who bought this rally? It’s smart money … high net worth individuals. You can see the average transaction value between investors making a big leap up. The OTC desks see that too. Bitcoin is still in the stealth phase of its bull run. „

Notably, Woo recently stated that Bitcoin’s recent price action could be viewed as bearish from a technical perspective, suggesting bearish RSI divergence and other unfortunate signs.

However, Woo has limited this point and emphasized that what really counts is the on-chain functionalities – and they remain bullish for the cryptocurrency.

Game Over? Atari token drops 70 percent a few days after token sale

Game developer Atari’s foray into crypto-verse does not seem to be a success. Numerous breakdowns, latency times and user complaints caused the ATRI price to dash down within 36 hours of the token sale.

The video game pioneer Atari has been working on a decentralized platform for all kinds of entertainment offers since 2018, in which the in-house crypto currency, the Atari token, acts as a means of payment. The public launch of the Atari Token (ATRI) started via an Initial Exchange Offering (IEO) on Bitcoin.com on November 2nd. However, the well-known video game developer did not seem to have had a particularly successful first foray into the crypto space. Within a few days, the ATRI rate fell by 70 percent. It is currently trading well below the original sales price and even below the price that was reduced in the pre-sales rounds.

Atari’s token sale mishaps

Some mishaps had seriously affected the token sale. These included, on the one hand, the problems with the order processing, the insufficient crediting of funds to the accounts and payment delays of up to 16 hours. A Reddit user writes:

The orders didn’t come in and the support didn’t respond. Somehow things were sorted out and the CEO apologized.

So far, the team behind the Atari token has not commented on the bumpy processes. Meanwhile, the provider’s Twitter account has also appeared comparatively quiet in the last few days.

Users lodge a complaint

Users complained about the awkward process of token sales. According to the Reddit user, Atari allegedly told presale buyers that they would be able to transfer their tokens to the exchange five minutes before the official listing on Bitcoin.com. At the time of the listing, however, this option did not work. Instead, pump-and-dump transactions by public buyers and Atari itself took place shortly after the listing, according to the user.