Epik Token - Virtual Goods With BLMP Network Access

baperstrong (28)in #epik • 6 years ago

Don't know what is an online game? Online gaming itself is a game which is also called online games, where the meaning is a game that is done on a computer that also requires internet or LAN networks as media. Online games can also be played by many people simultaneously, with another name, multi player. The advantages of online games such as CSO Games for PPSPsp Android itself is a game that can be played anytime, anyone, and wherever you are.

Online service providers often provide online games as additional services, or by other means by accessing games through the system directly from the game company. Online games have various types, there are game-based texts, there are also complex graphics bases so that a virtual world can be visited and played by many players.

For this type of game, there are many types of online games available today. Along with the times and technological advances, many online game companies continue to develop types of online games. Because online games and social media spaces continue to grow rapidly, there are untapped opportunities for digital platforms such as video games, social networks, and messaging services to increase their product offerings by collaborating with brands to produce branded virtual goods.

The problem with creating a thriving, branded virtual goods marketplace is fragmentation. Today, digital platforms operate as closed-off ecosystems and brands are fragmented operating in silos with little accessibility.. Additionally, when considering licensing agreements, each brand juggles considerably different brand objectives such as geographical location, demographics, licensing fees, marketing power, and attractiveness.

BLMP is solving this complex business problem by creating a vast collaboration network of global brands and digital platforms to facilitate the licensing process. BLMP is uniquely positioned for growth because of relationships with established licensing companies such as Evolution and BDLabs with a combined total of over 1,000+ clients, partners, properties, and brands.

BLMP (Blockchain Licensing Marketplace) is a B2B2C blockchain company processing B2B2C transactions and providing value through efficiency, traceability, and security. BLMP is pioneering licensed virtual goods and the mission of BLMP is to connect the intellectual property licensing industry with digital platforms.

BLMP CEO Victor David explains what BLMP does and what it has in store for the future.

BLMP leverages crypto-token technology built on blockchain as a means to very easily produce and exchange liquid value in digital ecosystems.

With millions of customers pre-launch, the EPIK token is for the highly anticipated blockchain platform recently released by BLMP

BLMP intends to use ERC-721 to handle the unique tokenization of virtual goods meaning that each ERC-721 token represents a single, unique virtual good item on the blockchain.

EPIK wallets are proprietary software wallets used to manage both ERC-20 EPIK tokens and ERC- 721 tokens that each represent a unique licensed virtual good item. EPIK wallets are compatible with any other ERC- 20 and ERC-721 tokens which means it can hold and transfer in and out any ERC-20 and ERC-721 tokens. EPIK wallets are very secure in the sense that only the users know their own private key.

BENEFIT WITH BLMP

Brand
By joining the BLMP network, brands can scale and expand their reach with better control over their partnerships while gaining granular insights that were previously impossible because of the lack of transaction transparency and traceability. BLMP intends to develop a network where brands can easily follow their intellectual property indefinitely on the blockchain all the way from product creation to eventual ownership to resale markets.
Digital Platforms
For digital platforms, joining BLMP means keeping total creative freedom over their digital ecosystem with no restrictive or long-term licensing contracts. Digital platforms can pick and choose and only propose licensed virtual goods that they determine would be the right fit for their digital ecosystem. With this flexibility, digital platforms can expect to keep their existing revenues, get help with user retention, and gain additional income from licensed products for sale whenever they choose.
Customers
Customers benefit from companies joining the BLMP network because adoption becomes simple as they only need to manage one account which can be created within the digital platform of their choice without the need to fully understand crypto wallets. Customers can choose their favorite digital platform to create their account and then have access to that account across all other participating digital platforms. But more importantly, customers benefit because they get the freedom to purchase the things that they already love, everywhere.

EPIK TOKEN

EPIK tokens are ERC-20 utility tokens that are integral to the Air system and perform several functions in both B2B and B2B2C contexts :

A nominal amount of EPIK tokens are spent for the service of creating a proposal between brands and digital platforms.
Act as a medium of exchange to transact and process changes in ownership of virtual goods
Act as a medium of exchange to transact customer purchases of virtual good items
Act as a medium of exchange to transact customer purchases of virtual good items
Can give users a discount off of their purchases (example 50% discount on a collectible item purchase monthly)
Can give users preferred or special access to virtual goods (ex. luxury items)
Epik tokens consumed for creating item proposals are burned quarterly (starting at 75%).

BLMP will also burn 20% of all profits every quarter.
The EPIK utility token will be used to facilitate the creation, distribution, and sale of licensed virtual goods. By leveraging the technology of blockchain, brands will be able to distribute their virtual goods through a network of virtual economies with digital platforms acting as retailers. By using the EPIK token for transactions, we intend to enable brands, digital platforms, and consumers to track every purchased licensed virtual good indefinitely with full transparency. This establishes uniform trust between all parties involved. Once both the brand and the digital platform come to agreement, smart contracts are created to automatically manage the creation, tokenization, distribution, and transactions of these virtual goods items between all parties.

MARKET

Virtual goods is a mature and massive market with a positive growth trajectory. The future is also very positive with attention and focus on the integration of virtual goods in other areas like AR and VR. Most of the companies in the virtual goods space are peer-to-peer (“P2P”) based, or focus on the growth of a singular platform, or are usually video game centric. However, BLMP is distinctly different because it is focused on creating a global, mutually beneficial network of businesses consisting of brands and various digital platforms not limited to video games.