Product Vision
TIX Protocol creates a transparent, programmable ticketing infrastructure where:
Every ticket is unique and verifiable — Each ticket has a permanent, tamper-proof record of ownership
Artists and venues earn from resales — Royalties are automatically distributed on every secondary sale
Scalpers are deterred — Price caps, transfer controls, and transparent history reduce speculation
Settlement is instant — All transactions settle in real-time using USDC stablecoin
Core Capabilities
Ticket Lifecycle
Each ticket progresses through a clear lifecycle:
Active
Ticket is valid and can be transferred or sold
Used
Ticket has been scanned/redeemed at the venue
Void
Ticket has been cancelled (e.g., refund, fraud)
Primary Ticket Sales
Create events with configurable supply and royalty settings
Issue verifiable tickets directly to buyer wallets
Collect permit fees to cover protocol costs
Each ticket has a unique ID and belongs to a specific event
Secondary Marketplace
Direct Transfers — Send tickets peer-to-peer or via integrator facilitation
Resale Listings — Set ask prices, optional buyer allowlists, and expiration times
Automatic Royalties — On every resale, royalties flow to configured recipients
Instant Settlement — All payments processed in USDC
Event Organizer Controls
Transfer Controls
Enable/disable peer-to-peer transfers
Resale Controls
Enable/disable secondary marketplace listings
Price Caps
Set maximum resale prices per ticket type
Royalty Configuration
Define percentage and recipients for resale royalties
Why Solana?
TIX Protocol is built on Solana for several key reasons:
Speed — Sub-second transaction finality for real-time ticket operations
Cost — Minimal transaction fees make per-ticket operations economical
Scalability — Handle thousands of ticket issuances and transfers per second
Ecosystem — Rich SPL token infrastructure for USDC payments
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