Codex- Art Blockchained
The luxury goods and items are not of a small mater and not much of an luxury than a style statement for those who have capital or in the high net worth category. Not to mention that anyone in the field of antiques and luxury historical goods know the difficulties that they'd have to face and go through for verifying the authenticity of a particular article.
There are a lot of controversies surrounding the authenticity of luxury and antique in this field and there has been not much of a solution proposed to solve this in all these years. Many people tend to take these stuff seriously while it may seem as a waste of money to many. Whatever may be said, unique assets trade for a lot of cash in the market and they need to have a certain authenticity attached to them to provide for their respective pricing.
That and the fact that many people tend to take collecting rare, unique and antique items as investments or assets of sorts. They do this in the hope that they'd be able to sell them at quite high prices later on due to them being limited, rare or just outright unavailable or a part of someones history.
This is such a huge industry but usually goes under the radar of many investors and common folk usually as the tend to view it as a waste of money. But for those like the ones mentioned in the beginning, value this as something that they leave behind marking their time and influence on this world. So, as i had said earlier, I cannot further emphasise in the fact that many tend to take this really seriously and there is not many platforms out there that make it easy to buy, own, sell, store, verify authenticity and manage them.
Codex Platform
They plan on solving the above mentioned problems by creating a platform that lets the owners or would be owners of uniques arts, collectibles and luxury goods to be able to verify and store their belongings authenticity on the Blockchain.
Their platform also allows for them to buy, sell, own and trade such items. This means that it is much more secure than current system in place. There is also the decentralised feature that the makes sure that the power of deciding is in the hands of the users of the platform and not in the hands of a few collection and auction houses.
ICO & Team
They plan on powering their platform by introducing the Codexcoin (CODX) Token which is based on Ethereum's ERC-20 Token. Their Pre-Sale is currently in progress with decremental periodic bonuses. They plan on holding their Public-Sale at the end of July with exact dates yet to be announced. It requires for you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO.
The Founders and rest of the team has adequate experience in Business Development, Identification, Blockchain, HR, Community Management and Design respectively. The advisory board consists of renowned and experienced members of Auction Houses, Analysts, Advisors, Investors, Entrepreneurs who also bring along their expertise in fields of Art, Luxury Goods, Collectibles, Token Economics, Business Development, Blockchain, Investments and Finance.
Conclusion
They have a really strong Token Economics and a great Team with even greater Advisory Board. They have well-defined vision and roadmap for the future.
Just the fact that this is a niche category that does not play well if it does not have the user advantage. They need to focus on marketing and getting more attention to their product in markets where this has a chance of making an impact, like that of US or Europe.
There has not been much of a change in the way luxury goods, rare items and collectible have been handled and traded and this project is a unique one that aims to bring about a change in the way this goes about.
Website- https://codexprotocol.com/
Whitepaper- https://docsend.com/view/n4sbws8
Published By- Kishan748
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1027561