• SeatlabNFT has released its token $SEAT via IDO
• The IDO is expected to start on May 24, 2022.
• SeatlabNFT is committed to fighting fraud in the ticketing business.

SeatlabNFT will launch its token $SEAT via IDO. The upcoming IDO will begin on May 24, 2022. SeatlabNFT allocated 2,535,000 $SEAT tokens as a limit for the initial stage of its IDO.

Interested participants will have to register for the IDO on SeatlabNFT’s official website. Users can use $NEAR tokens to deposit into the IDO contract in order to secure their $SEAT allocation.

SeatlabNFT claims that the token will soon be accessible on major exchanges, however the IDO acts as price discovery. Participants will probably receive $SEAT tokens at a higher price than they would on the exchanges.

SeatlabNFT is actively involved in solving the problem of ticketing. Fraud and ticket scalping are two of the most serious problems facing the ticketing business. Skaper use loopholes on online ticketing sites to buy large quantities of tickets and resell them at higher prices. Fraudulent tickets are well-documented.

SeatlabNFT has developed a NFT ticketing system to solve these problems. It benefits artists as well as fans and organizers. NFTs, which are digital certificates of ownership on NEAR Protocol’s blockchain provide complete traceability and evidence that tickets have been issued.

Event organizers can track the tickets sold and control the secondary market through features such as royalty splits, which are defined at the point of minting. Fan access is also made easier by ceiling prices and rewards.

SeatlabNFT’s platform uses $SEAT as its native token to tiered the utility. Owners of $SEAT can reduce the default buyer fee by 5% and have the option to stake their tokens for a portion of the platform fees.

SeatlabNFT is a company that aims to reduce fraud and drastically decrease scalping. It also creates a more enjoyable experience for event organizers, fans and artists.

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