UTIX Blockchain Ticketing Platform Makes Uniswap Debut with UTX Token

• UTIX Integrates Its UTX Token into Uniswap, Enabling Users to Purchase UTX with ETH and Other Popular Tokens in a Decentralized Environment
• UTIX, an Ethereum-based ticketing platform, employs smart contracts to revolutionize the ticket sales industry, offering transparency and preventing forgeries.

According to a press release shared with ETHnews.com UTIX, a Malta-based ticketing platform, is paving the way for greater accessibility and transparency in the event ticketing market. On December 19th, 2023, UTIX announced the addition of its native token, UTX, to Uniswap, the prominent Ethereum-based decentralized exchange platform. This pivotal move underscores UTIX’s commitment to innovation and marks a new direction in the fusion of blockchain technology with the entertainment industry.

A New Standard in Ticket Sales

UTIX has taken a bold stance in redefining the ticket sales industry. Its proposition is straightforward: tackle the endemic problems that have long plagued the event ticket market, such as excessive reselling and the exclusion of true fans.

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Built on the Ethereum network, the platform uses smart contracts to regulate ticket sales, ensuring a fair market that doesn’t price fans out of attending events they wish to see.

On December 21st, UTX will be added to Uniswap, facilitating the purchase of UTX with ETH and other popular tokens. As an ERC20 token, UTX will be traded non-custodially on Uniswap and through aggregators like 1inch and DefiLlama Swap.

This integration with Uniswap represents the first decentralized exchange where UTX can be swapped, following a recent listing on BitMart. UTX holders now have the choice of trading on both centralized and decentralized platforms.

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UTX in the UTIX Ecosystem

The UTX token is pivotal in the digital ticketing ecosystem of UTIX. It not only incentivizes the adoption of the UTIX platform but also rewards positive behaviors. Users who purchase tickets on UTIX are rewarded with UTX, which can also be used to earn discounts on future purchases.

From the perspective of event organizers, UTIX allows control over the secondary market, preventing scalpers from reselling tickets at exorbitant prices. The use of blockchain also prevents forgeries by providing an immutable ledger that tracks legitimate tickets.

A Focus on Transparency and Accessibility

One of UTIX’s most notable features is its ability to abstract blockchain components and deliver a web3 platform that feels like a web2 application.

This ensures no prior learning is needed to access its e-ticketing solution and interact with the smart contracts powering it.

The addition of UTX to Uniswap maintains UTIX’s strong ties to the Ethereum ecosystem while onboarding new users to its e-ticketing platform.

UTIX and UTX Hand in Hand with Uniswap

UTIX’s initiative to list UTX on Uniswap is more than a step towards accessibility; it reflects UTIX’s desire to lead at the intersection of blockchain technology and entertainment.

With its focus on event organizers’ control and protection against forgeries, UTIX aims not only to revamp the ticketing system but also how the entertainment industry is experienced.

As UTIX continues to develop its technology and expand its reach, the addition of UTX to Uniswap is just the beginning of an exciting journey towards a digitized and secure future in event ticketing.

Learn more: https://www.utix.us/

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