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By 🥩 @FamousStation67, 04/19/2022 10:41 am

Hey guys, I am super excited over discovering this app.

However, I experimented with trying to purchase reservations at once of NYC’s hard to get spots by putting up well above market bids. Couldn’t secure a closing. Understandable.

But then on the flip side, I tried to sell reservations at the same venue (sourced externally) at below market prices - and those didn’t sell like hotcakes either.

I guess we need to wait and build up a larger marketplace here - but the idea is awesome. Good luck!

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Reply from 🥷🏻 @ColorfulRod45 (04/19/2022 10:02 pm)

hey @FamousStation67,

very much appreciate your feedback - what you are saying is absolutely fair.

AT is currently working on dramatically increasing the bid fill rate by extending the seller network (the first thing you can see is the 'Seller Network' or '$ Network' button,
this function is being worked on right now - sellers can now add sellers to their team and participate on those earnings which incentivizes them to get more key holders on board.

On the sell side - the buy action we see strongly depends on how well we rank for the respective venue on google.

For many of the top venues we already rank very well but some new venues the rankings take a bit of time to update.

however we are building our a partner program to speed up the demand side as well.

We have been doing well in terms of demand build up - while we saw about $5k in volume per month 6 months ago, we see that on many days daily now.

Thank you very much for being part of the platform!

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Reply from 👻 @GlitteringImpulse72 (11/11/2022 7:41 pm)

I agree, spreads are huge and liquidity is nil. There are some business execution problems here, but the market itself is not designed to incentivize transactions - the bidding market mechanisms themselves are pretty naive.

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