Feston is an alternative to the physical tokens that one needs at festivals, parties or any other kind of events that use tokens. During the festivals, people have to queue in long lines to buy tokens in form of paper tickets or plasticShow more [+] coins. Once you have bought the tokens, then you have to queue one more time to get your drinks or food. If you are short of tokens, you have to repeat this double queuing over and again. When you want to leave but still have some extra tokens that you haven’t spent, then you need to queue one more time to exchange your tokens for money. That is at all not convenient, especially when you are tipsy at a festival.
That is also not only inconvenient for the clients but also inefficient for the event organizers. When you use the physical tokens, you need to deploy personnel who are being paid to sell the tokens. Organizers also lose space for kiosks and queues of people who line up for their turn to exchange money for coins and vice-versa. That all instead of deploying token-sellers to serve the clients with services such as tapping beers or handing food.
Tokens at parties and festivals are a known inconvenience and that is the reason why several electric payments companies have entered the market with solutions. Those companies offer electronic chips that function as bank cards. Others make use of mobile payments. A system that makes use of the blockchain technology, so far, has not been introduced yet to replace tokens. We take this initiative and introduce our cryptocurrency with which we aim to introduce a new standard that must be used at every party instead of the tokens.