Open Collectors Network

borneo82 (26)in #blockchain • 6 years ago

About

Open Collectors Network is the first decentralized platform for one-of-a-kind tokens,where everyone can seamlessly own, create, customize, interact with and trade individual tokens, on an open market, based on existing standard specifications

Vision

As founders of Open Collectors Network, we consider ourselves as get-your-hands-dirty programmers at heart. We love a good technical challenge and since the beginning of 2017 we’ve started looking into blockchain tech. How the different proof-of-X work, all the hashes out there and the special structures, like IOTA & Raiblocks.

Introduction

Non-fungible vs fungible (one-of-a-kind tokens).Best way to explain how we understand this concept, and how it applies to our project, is by example. Imagine you printed 1000 flyers and are handing them out on the street. You don't care which flyer you hand out from the stack, because they are all identical: same size, same content, same purpose. This collection of flyers is said to be fungible and it's equivalent to current crypto currencies: if you send someone 1 coin, it doesn't matter which one from your wallet it is, any one coin will do

Market

The market for non-fungible tokens is virtually endless. If you look around you, almost all the things you see can be categorized: people, cars, streets, shops, products, art and so on. One thing all these have in common is their respective items are all different from one another

Although the IT industry is the most natural first adopter of blockchain technology, as it becomes mainstream, more and more companies, indeed with entire industries to follow, will want to take advantage of the benefits decentralization and the blockchain brings:

#. Transparency and trust
#. Bullet-proof security
#. Robustness
#. Scalability
#. Ease and cost-efficiency of attaching monetary value (virtual currency) to an asset

USE CASES

The problem

#. No global copyright
#. Excessive bureaucracy
#. High fees
#. You need a lawyer
#. You need to pay a 3rd party company

Our solution

#. Copyright your work at a click of a button
#. Zero bureaucracy
#. Only platform's fees ( under 1% )
#. No lawyer or external 3rd party company

It is worth nothing that any digital media could be represented here. Going further, digital rights relating to the ownership of the digital media can be bought and sold via the marketplace. The latter has the benefit of circumventing digital rights auction houses and significantly reducing cost of transacting and the fees related therein. Small creations, like a brand-name, or a logo can be directly held on-chain, whereas larger ones can be stored anywhere on the cloud, and only a hash of their value stored on the ledger. This brings the best of both worlds: cheap/fast storage and full accountability.

Along with the increasing value of popular tokens over time, they can be traded on the open & decentralized market in various forms: fixed prices, multiple types of auctions and exchanges with other tokens.

This platform provides trade features such as finding tokens, contacting token owners (limits will apply), top tokens, tokens, history, orders and more.

The main benefit of using the ledger for this purpose is the increased trust when purchasing such goods, because the owner is kept in the ledger, so the proof of authenticity is the token itself.

Our platform will host the first exchange where you can create & exchange unnoticed (unique) estimates.

Gifts & TOKEN ECTO

Function
The operation on the platform is done using our own coin, ECTO. This is necessary to ensure fair use of the platform and avoid spamming and overloading the Ethereal network, especially with regards to the manufacture and trade of unique merchandise.

Gift

In addition, having an Ecto in your wallet also offers several advantages, according to a special proof-of-stock algorithm:
Discounts for all operations.
Right to choose for features that must be implemented platform first.
Airdrop is given periodically, in the form of ECTO drops, based on a combination of activity on the platform and the amount of ECTO you hold.

25% activity is measured in relation to total activity by all platform users.
75% of ECTO shares refer to the amount of ECTO you have in your wallet at the time of calculation.

At the time of our token sale, this mechanism will be fully implemented into smart contracts, to add transparency and accountability.

Sales Token

Personal sales are in progress for more information please Join here @ opencollectors.network .

Personal Sales Structure

General Sales Structure

For Sale 97500000 - 65%
Advisory 15000000 (released in batches over a period of 6-12 months) - 10%
Founder 15000000 (held for 12 months) - 10%
Company 19500000 (used for partnership) - 13%
Bounty 3000000 - 2%