Our concepts, through varying degrees, gamify certain social situations by offering frequent yet unpredictable rewards to the user. This tension between variable feedback versus predictable feedback creates a fun, addictive, reusable, and rebrandable experience. We realize this section is skinny on details; however, to paraphrase SpongeBob: we don’t give away the special sauce before anyone tries the burger.
The activation and redemption of ‘goldentickets’ occurs on Ethereum’s blockchain. Goldenticket uses a blockchain in order to reinforce trust between the brand or sponsor, and the location without a third party vouching. In most cases, the consumer will be entirely unaware of this feature and will not need any special knowledge of cryptocurrency, third party wallets, consensus, smart contracts, etc. to engage.
Ethereum is decentralized, immutable, and public. Its transparency reduces friction for all stakeholders in the goldenticket ecosystem and is purpose built for smart contracts.
The Goldenticket token (AUTX) is an ERC20 based token. It is used to fund wallets & campaigns and is ultimately exchanged to a stablecoin for payments.
Once a consumer engages a goldenticket, a smart contract is created. Once the consumer completes the requirement, the smart contract is executed.
Upon execution of smart contract, the funds are released to the appropriate party. The funds are released in DAI stablecoin. DAI is pegged 1:1 with the US dollar.