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Glossary

  • Event — an on-chain record of a concert, flight, sports match, etc. Created via create_event; owns a resale policy.
  • Ticket — an on-chain asset tied to one Event, owned by exactly one Address at a time.
  • Tier — a free-text label on a ticket (e.g. "GA", "VIP") set at issuance; not separately validated against the event.
  • Check-in — the one-way Valid -> Used transition performed at the point of entry.
  • Resale cap — max_resale_multiplier_bps on the event; the ceiling a ticket can be relisted for, relative to its original price.
  • Royalty — royalty_bps on the event; the organizer's cut of every resale, paid atomically with the ownership transfer.