This video explores the production of festival tokens, which are used as a form of currency at festivals. The tokens are made from high-impact plastic powder and are designed to be durable but break easily if scratched. The company shown in the video has been producing festival tokens for 18 years and can produce about a million tokens a day.
The use of tokens at festivals began as a way to combat fraud, as people used to exchange tokens from one festival to another. The tokens also provide convenience for festival-goers and allow for better control over expenses. While some smaller festivals have transitioned to cashless payment systems, larger festivals often still use tokens due to their speed and reliability, especially in areas with limited internet connectivity.
Overall, the video highlights the production process and reasons behind the continued use of festival tokens, even in an increasingly cashless society.
Sure, here are the key facts extracted from the provided text:
1. Festivals used to accept cash for payments at bars.
2. Consumption vouchers and large round fair coins were used previously but were susceptible to fraud.
3. Dutch Pen has been making festival tokens for 18 years and produces about 200 million coins per year.
4. Coins are designed to be both visually appealing and practical for bar staff.
5. Coins are now widely used at festivals for transactions.
6. Some festivals have shifted to cashless payment systems, but larger festivals still prefer coins due to reliability and tradition.
7. Coins simplify transactions and make it easier for festival-goers to manage their expenses.
8. Advances in technology, like 4G and 5G, have improved the reliability of cashless systems.
9. The technology for cashless payments is continually evolving.
10. The provided video offers a glimpse into the coin-making process, although not the entire process is shown due to secrecy and competition concerns.
These facts summarize the key points in the text without including any opinions.