SeatlabNFT is launching its token $SEAT by way of IDO. Its upcoming IDO is scheduled to start out on Could 24, 2022. SeatlabNFT has allotted a cap of two,535,000 $SEAT tokens for the primary stage of the IDO.

members must register for the IDO on SeatlabNFT’s official web site. To take part within the IDO, customers can deposit $NEAR tokens into the IDO contract to ensure their allocation of $SEAT.

The SeatlabNFT group states that the token might be out there by way of main exchanges afterward, however the IDO is working as value discovery. Which means the customers collaborating are more likely to obtain a greater value for the $SEAT token than might be out there by way of exchanges.

SeatlabNFT has been actively participating within the ticketing business, fixing the ticketing disaster. One of many greatest issues within the ticketing business is ticket scalping and fraud. Ticket scalpers benefit from loopholes inside on-line ticketing platforms to buy giant numbers of tickets to resell them for increased costs on the secondary market, whereas fraudulent tickets are a well-documented concern.

To unravel these points, SeatlabNFT developed an NFT ticketing system that advantages followers, artists, and occasion organizers. Tickets are issued as NFTs on the NEAR Protocol blockchain offering full proof of possession and traceability.

This manner, occasion organizers profit by monitoring the variety of tickets issued and controlling the secondary market by together with options like royalty splits outlined on the time of minting. Inbuilt rewards and ceiling costs additionally present fairer entry for followers.

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The SeatlabNFT platform is constructed round a tiered utility for his or her native token, $SEAT. Proudly owning $SEAT reduces the default consumers charge of 5%, whereas house owners even have the choice of staking their tokens in trade for a share of collected platform charges.

In a nutshell, SeatlabNFT goals to eradicate fraud and considerably scale back the influence of scalping whereas making a heightened expertise for followers, artists, and occasion creators.

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