Overview ICO NPER

dimarikkk174 (39)in #ico • 6 years ago (edited)

A decentralized network of intellectual property

NPER – what is it? A global ecosystem for the exchange of views among partners. It is a project that allows creators to take legal rights by defeating the unusual structure of the IP industry that eliminates them. This platform will build a core blockchain network to innovate and challenge various opportunities.

This project also introduces a new business model that offers value creation in the huge IP industry. The team will create a "digital asset" called "NPER COIN", with the ability to use it to acquire various categories of intellectual property rights.

NPER has a number of differences from other platforms that are trying to introduce blockchain technology into the copyright industry. However, NPER not only solves financial problems for creators but also forces people to participate in the IP market as a whole.

In addition, as the team creates a platform for peer-to-peer trading of license / IP rights created by creators and users, the legitimate rights of creators are protected, simplifying the distribution structure. It is a project that meets the needs of both creators and people in General.

The problem of the IP market

Irrational distribution structure

The Berne Convention has created a social consensus around the world for the protection of copyrights that are included in the intellectual property. Many laws and institutions were created, and the creators were protected at some point. However, despite the Berne Convention, the practical structure was not created to enable authors to legally receive or demand a fair price. The music copyright industry, where creators ' rights are not protected, is one of the biggest challenges in the copyright market.

There's a British musician named John Hopkins. He composed the music "Light Through the Veins", which featured the song "Life in Technicolor" by Coldplay. There is a famous tweet in which he "gained 8 pounds over 90 000 games." This clearly shows the reality of the copyright industry.

It's not just about the music copyright industry. The publishing industry is in a similar situation. Also unusual direct sale of authors books authors. If the author sells the book, the profit that is returned to him will depend on the contract. However, the average profit that writers can earn in the Korean publishing industry is less than 10%. Not only in Korea but in almost all categories of the copyright industry in the world, there are the same problems. You can guess why copyright has become more popular around the world. There are some websites that handle and perform intermediate B2C jobs, such as fonts, images, and videos. However, these websites have some drawbacks such as huge transit fees and unreasonable cash flow.

The lack of business models in the market for IP services

Although it may be a profitable business to participate, because of the stereotype that intellectual property is just a right of monopolistic industrial structure, there are not many business models to participate. Then why do we need a new business model in which people could join this market?

Sustainable high-yield industry

IP is continuously creating a new category as technology develops and a new industry emerges. According to WIPO3, the copyright industry accounts for an average of 5.69% of GDP from the 40 largest countries in the world. This is a large-scale number that can not be converted to the exact number, and in the US, where the most developed copyright industry, in 2017, there are about 1200 trillion Korean won.

Sharing values and funding creators

Creators have little to do with their work, although IP is their rights and assets. They just have to wait until their works are sold. NPER recognizes the creators ' IP address as an asset and buys it and turns it into a digital asset called NPER.

If you purchase or rent the copyright of the copyright, the copyright on a video, publication, copyright, intellectual property S / W, etc., You can count on royalty income. The corresponding royalty income is transferred to those people who voted for surveys in the community, or those who participated in the voting in the POS nodes, as a reward in the nper wallet. However, trade in ownership shares does not usually take place in the global market, so it is not easy to estimate its value. So you have to estimate the cost with a few criteria like average annual royalty income, IP received duration of rights, etc. Since this is a new market, the NPER criteria can be used as a General standard in the IP trading property market. Also, if someone can register the IP address and sell in the global network of peer-to-peer networking NPER, it is expected that the coefficient airbrush for income from royalties for holders of coins NPER will be higher.

Development of a global platform for the exchange of views between developers

When the seller lists the IP on the peer-to-peer global platform of intellectual property, created the intellectual contract on intellectual property rights. Intellectual property information and seller information is stored in the intellectual contract, AND the nper token allows the buyer to easily acquire an IP address. NPER has an intellectual property contract for each intellectual property right and stores it in a distributed database, so not only is information about buyers and sellers stored directly, but the token is automatically delivered to the seller. All transaction data can be verified and know which transactions are taking place. Personal information about sellers and buyers registered on the blockchain can only be confirmed by trading partners, while others cannot because of their anonymity.

Nper token

The nper token allows creators to take legal rights. Tokens NPER are used on the global sharing platform for peer-to-peer IP packets, where the creators and owners of IP addresses or buyers can trade independently. Owners and buyers of IP can pay trade IP ETH token, BTC, and NPER, and the creators get tokens NPER as the price of the transaction. Using the same method of payment that is called "NPER" around the world, it eliminates the inconvenience when setting up a daily exchange rate using VISA, MASTER etc. in addition, the token NPER can eliminate foreign exchange fees from foreign exchange trading. Using a blockchain-based nper token as a payment method can significantly reduce the time and cost that a brokerage company often overstated.

Digital capitalization "IP"

The nper token is a"digital asset". Nper token offers a new business model of participation in the IP market, giving out cryptocurrency and opening the way for ordinary people to easily participate in IP and create value.

Incentives for POS node design

A consensus algorithm to generate blocks in the chain NPER proceeds via POS (validation method). The node has the ability to participate in the creation of the block in proportion to the ownership of the nper token stored in THE nper wallet. Thus, the higher the ratio of the share, the greater the contribution to the creation of blocks and the greater the compensation of the incentive to generate blocks. The initial issuance of nper tokens is 250 000 000, and after the completion of the main network, the node receives an incentive. The incentive for the node will be automatically calculated and released taking into account the inflation rate and within a certain fixed nper token.

In the main NPER network, a node that participates in the POS method and generates a block is rewarded by the network weight.

The distribution of IP-addresses

NPER buys IP for the amount received through the token sale. Owners will be paid compensation for the percentage of their coins for participating in the community vote and additional compensation for the POS node incentives from royalties and other added value. 90% of the royalties will be withdrawn using nper tokens. The remaining 10% is used for other costs of the acquisition of intellectual property and the management of the company, and if some rewards are accumulated on the NPER, the remaining 10% will be transferred with compensation for voting and rewards for using the PoS. NPER owns 40% of THE total nper tokens. This will be used for other IP purchases and other marketing and platform costs, and some will be returned to nper coin holders via AIRDROP in the future.

All the details of the project you can find in Whitepaper