Company Profile (AI Text)
Name: UTIX
Canonical URL: https://wefunder.com/utix
Updated at: 2026-06-08T23:55:15Z

Tagline: Join the Ticketing Revolution: Invest in Blockchain-Secure Events

Key claims:
- Total raised on Wefunder: 343166 | citation: https://wefunder.com/utix#claim-total-raised
- Total investors: 80 | citation: https://wefunder.com/utix#claim-total-investors

Verified facts:
- Total raised on Wefunder: 343166 | observed_at: 2026-06-08T23:55:15Z | expires_at: 2026-06-09T23:55:15Z
- Total investors: 80 | observed_at: 2026-06-08T23:55:15Z | expires_at: 2026-06-09T23:55:15Z

Computed metrics:
- total_amount_raised: 343166
- total_investors: 80
- team_size: 3
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 0

Quick facts:
- MFSA-regulated Ethereum token: one of the first digital assets listed under EU/Malta VFA Act | citation: https://wefunder.com/utix#claim-fact-1
- $53.2 B global ticketing market, 10.4% CAGR; 70%+ digital by 2027 | citation: https://wefunder.com/utix#claim-fact-2
- Max 7.5% fees vs. 14%+ industry average—saving millions for organizers and ticket purchasers. | citation: https://wefunder.com/utix#claim-fact-3
- Immutable smart-contract tickets eradicate scalpers & fraud | citation: https://wefunder.com/utix#claim-fact-4
- Founders ex-quant traders, fintech & blockchain vets with exits | citation: https://wefunder.com/utix#claim-fact-5
- UTIX Loyalty Token drives repeat use with discounts & rewards | citation: https://wefunder.com/utix#claim-fact-6
- Roadmap: API portal, white-label, merch & insurance by Q4 ’25 (not guaranteed) | citation: https://wefunder.com/utix#claim-fact-7
- Latvian Blockchain Assoc member collaborating with Air Baltic on blockchain ticketing solutions | citation: https://wefunder.com/utix#claim-fact-8

FAQ:
- Q: I want to reduce my investment amount from to USD 5000 (vs reserved amount of 7,500)
  A: Hey Matthew, if you email WeFunder support they can assist with this.
- Q: If I buy a ticket then will be able to resale the ticket?
  A: Hey, great question. I am currently in London so apologies for the late response but, in short, yes. If the organiser enables resale, you can list and sell your ticket inside UTIX’s closed-loop marketplace. Rotating QR codes are tied to the current owner, so screenshots do not work. When your ticket sells, ownership updates instantly and your payout is released, with withdrawals in card/fiat or, where eligible, USDC. Tickets are issued as ERC-1155 tokens with EIP-2981 royalties; listings use ...
- Q: Hello What % of global ticket volume do you realistically believe UTIX can capture in 5–7 years? What segment adopts UTIX first and what is the path from that segment to mass adoption? Do organizers come to UTIX because of price, regulation control, fan demand, or something th...
  A: Hey Ali, Sorry for the late response; for whatever reason I am no longer receiving emails nor updates from WeFunder via email, so only saw this now once prompted by a member of staff. So, great questions: 1) Global ticketing volume is roughly $85–100bn annually. Capturing just 0.25–0.5%, for example, is a very large business. Our realistic 5–7 year target is: 0.1–0.3% of global ticket volume OR, 100-300m GMV annually. 2) Initially, crypto conferences (low hanging fruit etc.), tech, business e...
- Q: HI, I went to Coindesk and it says the 24 hour volume of your token is $0. Can you please explain this?
  A: Low volume right now is expected and intentional. We are not spending money to manufacture token trading before the product is live. That is pointless. Launching and promoting a token before revenue and real usage is like trying to IPO before the business is operating, it creates speculation without fundamentals. We also didn’t list 'for hype'. Our token being on exchanges was a regulatory requirement tied to our VFA listing years ago, not a choice to chase early volume. The sequence is strai...
- Q: Hi Max, I think Ali asked a lot of good questions and thanks for the follow up. One more - if the round closes around the midpoint rather than the full $1.2M, what does the operational roadmap look like for the platform rebuild and US expansion? Thank you.
  A: Thanks, that is a very fair question. If the round closes nearer the midpoint rather than the full $1.2M, the operational roadmap remains very much intact. A significant amount of the platform rebuild has already been completed with the capital raised to date, so the business is not in a position where a midpoint close prevents execution. The core product direction stays the same, and the primary focus remains on events, organiser adoption, product refinement, and building commercial traction...