Bull Market, Bear Market, Food Markets…Whatever! Backstage Continues the Mission
Bull Market, Bear Market, Food Markets…Whatever! Backstage Continues the Mission
We’ve seen brighter days in the crypto world. The spectacular collapse of Terra Luna, which wiped out $40 billion in crypto wealth overnight, dominated the headlines. The entire industry lost $1 trillion in market capitalization during the meltdown.
While it appears the mayhem has settled, we can’t be sure. Things remain uncertain, and it appears a crypto winter is here. But don’t worry — we’ve been here before, and we always come out the other end in great shape.
At Backstage, we realize this market presents its challenges, but we remain focused on what matters: Our mission. We’re still delivering Entertainment 3.0 and powering hundreds of nightclubs, concert venues, festivals, sports teams and other venues with our blockchain, crypto payments, NFT ticketing and metaverse technology.
We can’t speculate on where the price of BTC, ETH or other coins will go, but we can say this: We’re still bringing the crypto revolution to the events and entertainment industries. We’re only getting bigger and stronger, and we’re growing every day.
To put it clearly, Backstage is here to not only stay, and we’re going to deliver on our vision no matter what.
In this article, we’ll discuss more about why Backstage is built to last.
We’re working non-stop on establishing partnerships & marketing the project
This year, we’ve been fully focused on developing our solutions and entering into important partnerships. For instance, we’ve not only developed our technology, but we’ve also set up partnerships to implement our NFT ticket technology, BiKoS Wallet and metaverse technology.
- We’ve partnered with Zingara to bring crypto to fashion events.
- We’ve partnered with Aspendos Theater in Turkey to integrate NFT tickets, crypto payments and metaverse events.
- We’ve partnered with Ziggy’s Club in Tulum, enabling us to enter an important market in Mexico.
- Our NFT tickets and crypto wallet will be used at Blue Marlin in Ibiza.
- We’ve partnered with Ahau Hotel in Tulum to bring crypto, NFTs and the metaverse to hospitality and tourism.
- We’ve partnered with Entertix to bring NFT ticketing to Romania.
- We’ve partnered with Emergence Festival in Italy to bring crypto to art exhibitions.
- At the Sun & Snow Festival in Spain, we now serve as the NFT ticketing provider.
- At Caprices Festival in Switzerland, our tech solutions, including NFT tickets and metaverse events will be used.
- Select airlines have joined the Backstage ecosystem!
As you can see, we’ve been making partnerships left and right recently. We’ll continue to do so — because we know worldwide adoption is vital to fulfilling our mission.
We’ve been quite busy marketing and promoting our project. Recently, we participated in the Tulum Crypto Fest, where we demonstrated the real-world value of our project and expanded our network, meeting key players in the crypto world.
In April, we received an investment from and entered a strategic partnership with Alpha Crypto, a leading blockchain investment and consulting company. This will help accelerate our growth.
In June, we plan to host our IDO on EnjinStarter, Ground Zero and other launchpads. This fundraising round will provide capital to fully develop our platform, as well as boost the adoption of Backstage technology around the world.
We’re building the Backstage ecosystem efficiently and with sustainability in mind
We’re not a project that’s promising something in the future. Our community sees that. We’re not asking for blind support. We’re proving we have what it takes to build blockchain-powered solutions for the events industry.
Right now, our platform is quite well-developed as well. If you look at our roadmap, you’ll see that we’re already testing and integrating our NFT ticketing technology. Our NFT marketplace is close to going live. Our payment system, the BiKoS Wallet, should be ready in Q3 2022, as should the BKS Launchpad (which will revolutionize how events are funded). And we have lots of other development milestones coming up, notably:
- Near Protocol integration in Q3 and Q4 of 2022
- The first official BKS event in Q3
- Staking and LP staking launching in Q3
- Integration of other blockchains, such as Avalanche, Polygon, Ethereum and Solana, in Q4
We know the future is cross-chain, which is why we plan to integrate other blockchains this year, especially eco-friendly proof-of-stake blockchains such as Avalanche. Our goal is for Backstage to have sustainable success and offer benefits to our community, client and partners for decades to come. That’s why we’re building carefully and with the future in mind.
Committed to making our vision a reality, our team has truly been working hard on development and ensuring we create an ecosystem that delivers real value. We’re confident we will deliver — no matter what the market is doing. We’re here for the long-term.
We’ve set up tokenomics to sustain token health
One look at our token dynamics and you’ll see that we have a long-term vision. We’re not here to pump a coin or attract a lot of money with sky-high staking APYs. We’re here to provide long-term value to investors through responsible staking, burns and buybacks, as well as revenue streams from both inside and outside the crypto world.
For example, we’ll earn revenue from in-person and metaverse events at partner venues, in addition to NFT marketplace sales and BiKoS Wallet revenues. Our diverse revenue streams will help ensure the sustainability of the Backstage economy.
As noted, we’ll have fiat revenue from events and transactions on our platform. Even fiat revenue from non-crypto revenue streams will be used in our ecosystem. We’ll use that fiat revenue for regular BKS buybacks, which will provide buy pressure and should help support token value.
At Backstage, we’re fully committed to this project. That’s evidence by how we’ll use our revenue, including fiat revenue, to support the project, our community, investors and users of the BKS token.
We’re auditing our technology to ensure security and effectiveness
Scams and rug pulls are constantly happening in the crypto world (and even traditional financial markets for that matter). It’s unfortunate, but a reality.
Even legit, well-known projects are susceptible to issues, such as hacks. Axie Infinity, for example, suffered a $650 million hack earlier this year.
At Backstage, we understand investors want to know a project is safe before investing, especially during turbulent times. Our technology is being developed by our world-class team, and it’s being audited by security experts to ensure the highest level of security. This way, our investors can be sure that:
- Our tech solutions do what they advertise to do.
- Our ecosystem is safe and secure for all activities, from buying and selling NFTs to staking BKS tokens.
We recognize the value of transparency with our community and investors. Feel free to ask us any questions about the audit. We’ll also release the full report once it’s complete.
This is the beginning of something beautiful
We’re here to stay, plain and simple. Each day, we’re growing in strength as we build our team, develop our project, form partnerships, sign contracts and more.
Coming very soon, we’ll have more exciting announcements about partnerships with artists and venues, exchange listings, private investments and more. We’re just getting started, and no bear market will stop our team from fulfilling the mission.
This is just the beginning of something beautiful for Backstage.
Backstage is powering the crypto revolution in the events industry. Through the BKS token and our blockchain ecosystem, Backstage aims to solve the current challenges facing the events and entertainment sectors. From financing and payments to NFT ticketing and marketplaces, Backstage $BKS will take the events industry toward a more sustainable, profitable and fair future. Backstage has a very strong and open community and everyone can join and contribute to the platform’s development by purchasing tokens and helping fund the entertainment industry.
Find out more about Backstage: