FAQs for Backers
FAQs for Backers
What is Blocktickets?
Blocktickets is a ticketing platform that allows you to back live events and help you to earn returns from the events you back.
How does Blocktickets work?
Blocktickets works by allowing you to partner in the event through ownership of tickets in advance at a discounted rate. You receive a return on your backing once the tickets are sold at retail value in the primary market.
What types of events can I back?
Blocktickets offers a variety of events, including music concerts, festivals and theatrical performances. The platform offers something for everyone and provides backers with the opportunity to back events they are passionate about.
What is the minimum backing amount?
The minimum backing amount varies depending on the event. However, the platform offers a low minimum backing amount to make it accessible to a wider range of backers.
How long is the tenure?
The tenure varies depending on the event, but it typically ranges from a few weeks to a few months. The average tenure of backing is around 2 months.
How do I get rewarded?
Backers are allocated the tickets at discounted value before the tickets are sold at the retail value. Once the tickets are sold to retail customers of the event, backers receive a payout that reflects their portion of the pre-sold tickets.
Are these backing compliant with the local law?
All backings complies with securities laws and regulations by adapting advanced security measures, which include working with large ticketing companies and ensuring that all backings are made in accordance with securities laws and regulations.
How safe is my backing?
Blocktickets provides transparency to backers by keeping them informed throughout the process. This includes providing updates on the event, answering questions promptly, and providing a detailed breakdown of the rewards once the event is concluded.
How much reward can I expect?
Depending on the event, you can expect a reward anywhere between 5% to 10% of the backed amount.
How is the expected reward determined?
The expected reward is determined based on several factors, including the popularity of the artist, the experience & reputation of the organizers & the overall success of the event.
What are the risks associated with the backing?
Risks associated with backing of event includes lower than anticipated ticket sales, changes in the economic or political climate that could impact attendance & force majuere conditions.
How does Blocktickets mitigate these risks?
Blocktickets mitigates these risks by: Blocktickest thoroughly vets the organizers and events listed on the platform. Blocktickets leverages the tickets as collateral and funds anywhere from 25% - 50% of the total projected tickets sales. The amount collected from backers will be only disbursed to the vendors on behalf of the organiser to make sure the funds are being properly utilized. Blocktickets is the sole custodian of the funds received from the sales of tickets. Blocktickets disburses the backer's funds along with the expected rewards before the organiser can utilize the funds from sale of tickets.
How do I evaluate the potential reward?
Evaluating the potential rewards requires research into the event, artist & the organizers, as well as anticipating the demand for tickets. Blocktickets provides backers with detailed information on each event, as well as insights into the event potential.
What is Blocktickets?
Blocktickets is a ticketing platform that allows you to back live events and help you to earn returns from the events you back.
How does Blocktickets work?
Blocktickets works by allowing you to partner in the event through ownership of tickets in advance at a discounted rate. You receive a return on your backing once the tickets are sold at retail value in the primary market.
What types of events can I back?
Blocktickets offers a variety of events, including music concerts, festivals and theatrical performances. The platform offers something for everyone and provides backers with the opportunity to back events they are passionate about.
What is the minimum backing amount?
The minimum backing amount varies depending on the event. However, the platform offers a low minimum backing amount to make it accessible to a wider range of backers.
How long is the tenure?
The tenure varies depending on the event, but it typically ranges from a few weeks to a few months. The average tenure of backing is around 2 months.
How do I get rewarded?
Backers are allocated the tickets at discounted value before the tickets are sold at the retail value. Once the tickets are sold to retail customers of the event, backers receive a payout that reflects their portion of the pre-sold tickets.
Are these backing compliant with the local law?
All backings complies with securities laws and regulations by adapting advanced security measures, which include working with large ticketing companies and ensuring that all backings are made in accordance with securities laws and regulations.
How safe is my backing?
Blocktickets provides transparency to backers by keeping them informed throughout the process. This includes providing updates on the event, answering questions promptly, and providing a detailed breakdown of the rewards once the event is concluded.
How much reward can I expect?
Depending on the event, you can expect a reward anywhere between 5% to 10% of the backed amount.
How is the expected reward determined?
The expected reward is determined based on several factors, including the popularity of the artist, the experience & reputation of the organizers & the overall success of the event.
What are the risks associated with the backing?
Risks associated with backing of event includes lower than anticipated ticket sales, changes in the economic or political climate that could impact attendance & force majuere conditions.
How does Blocktickets mitigate these risks?
Blocktickets mitigates these risks by: Blocktickest thoroughly vets the organizers and events listed on the platform. Blocktickets leverages the tickets as collateral and funds anywhere from 25% - 50% of the total projected tickets sales. The amount collected from backers will be only disbursed to the vendors on behalf of the organiser to make sure the funds are being properly utilized. Blocktickets is the sole custodian of the funds received from the sales of tickets. Blocktickets disburses the backer's funds along with the expected rewards before the organiser can utilize the funds from sale of tickets.
How do I evaluate the potential reward?
Evaluating the potential rewards requires research into the event, artist & the organizers, as well as anticipating the demand for tickets. Blocktickets provides backers with detailed information on each event, as well as insights into the event potential.
What is Blocktickets?
Blocktickets is a ticketing platform that allows you to back live events and help you to earn returns from the events you back.
How does Blocktickets work?
Blocktickets works by allowing you to partner in the event through ownership of tickets in advance at a discounted rate. You receive a return on your backing once the tickets are sold at retail value in the primary market.
What types of events can I back?
Blocktickets offers a variety of events, including music concerts, festivals and theatrical performances. The platform offers something for everyone and provides backers with the opportunity to back events they are passionate about.
What is the minimum backing amount?
The minimum backing amount varies depending on the event. However, the platform offers a low minimum backing amount to make it accessible to a wider range of backers.
How long is the tenure?
The tenure varies depending on the event, but it typically ranges from a few weeks to a few months. The average tenure of backing is around 2 months.
How do I get rewarded?
Backers are allocated the tickets at discounted value before the tickets are sold at the retail value. Once the tickets are sold to retail customers of the event, backers receive a payout that reflects their portion of the pre-sold tickets.
Are these backing compliant with the local law?
All backings complies with securities laws and regulations by adapting advanced security measures, which include working with large ticketing companies and ensuring that all backings are made in accordance with securities laws and regulations.
How safe is my backing?
Blocktickets provides transparency to backers by keeping them informed throughout the process. This includes providing updates on the event, answering questions promptly, and providing a detailed breakdown of the rewards once the event is concluded.
How much reward can I expect?
Depending on the event, you can expect a reward anywhere between 5% to 10% of the backed amount.
How is the expected reward determined?
The expected reward is determined based on several factors, including the popularity of the artist, the experience & reputation of the organizers & the overall success of the event.
What are the risks associated with the backing?
Risks associated with backing of event includes lower than anticipated ticket sales, changes in the economic or political climate that could impact attendance & force majuere conditions.
How does Blocktickets mitigate these risks?
Blocktickets mitigates these risks by: Blocktickest thoroughly vets the organizers and events listed on the platform. Blocktickets leverages the tickets as collateral and funds anywhere from 25% - 50% of the total projected tickets sales. The amount collected from backers will be only disbursed to the vendors on behalf of the organiser to make sure the funds are being properly utilized. Blocktickets is the sole custodian of the funds received from the sales of tickets. Blocktickets disburses the backer's funds along with the expected rewards before the organiser can utilize the funds from sale of tickets.
How do I evaluate the potential reward?
Evaluating the potential rewards requires research into the event, artist & the organizers, as well as anticipating the demand for tickets. Blocktickets provides backers with detailed information on each event, as well as insights into the event potential.