This webpage contains information gathered from different sources. In different charts and tables the actual usage of the GET protocol is showcased.
Where a lot of projects which were launched during the blockchain hype of 2017 didn't came a lot further than releasing a whitepaper, which described a solution for a problem which didn't even exist, the GET Protocol foundation differentiate itself. The proof is visualised on this site.Show me the proof.
GET tokens are bough back from the open market
For each statechange being processed the GET token is needed. This means GET is necessary when a ticket is created, sold, resold, being scanned etc. The amount of GET which is needed is partially bought back from the market and partially subsidized by the User Growth Fund. In the last buyback a single statechangecost €0.10 If this remains the same we can expect 8893 GET to be burned this quarter with a value of €13873. In total 5158 GET will be bought back from the open market. This is based on the current price of GET being €1.56
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