Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where Colletrix fits in has they have developed a revolutionary platform that unifies the elements of IP, blockchain and merchandise to create new market value powered by the world-leading smart contract system, Ethereum.
Colletrix is backed by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator.
Colletrix is the blockchain project to unify the elements of IP, blockchain and merchandise to create new market value powered by the world-leading smart contract system, Ethereum.
Colletrix is backed by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator. UNDONE will bring its merchandising expertise to showcase the benefits of blockchain technology for merchandise products, Animoca Brands will introduce its vast network of IP owners and blockchain and gamification technologies, while Future Arena will leverage its strong portfolio of of sports and entertainment IPs – all to create a vibrant ecosystem of IP creation, trading and physical merchandising using blockchain technology.
Established in 2014, UNDONE is the world’s leading custom watch label founded by a team of dedicated watch industry veterans. With years of expertise in luxury watch customization, UNDONE has fully mastered the art of customizing unique watches with their own design, as well as creating watches unique to their customers. Having built a sturdy and reliable foundation in the watch industry, UNDONE is ready to bring the whole industry into a new era with the cutting-cutting-edge enhancement of blockchain technology.
Animoca Brands (ASX: AB1) leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Snoopy, Thomas & Friends™, Ever After High and Doraemon. Animoca Brands is the exclusive China distributor of CryptoKitties. The Company is based in Hong Kong, Canada, Finland, and Argentina.
Future Arena is a digital pioneer in sports IP development and commercialization, cultivating sports IP fanbases and bridging sports brands with their IP partners’ large Chinese fanbase. Their goals are developing IP, creating business models and sharing profit together with the IP owners, including the UEFA Champion League, La Liga, Manchester City, AC Milan, Real Madrid, Schalke 04, Filippo Inzaghi, Claudio Marchisio, Graziano Pelle and more.
Future Arena is also the exclusive partner in Asia with Wyscout, the world’s biggest digital football video data scouting platform, helping Asian professional football leagues, clubs and academies on improving team performance and scouting efficiency.
Bitwork Accelerator is a program for blockchain companies of all stages and helps to match all kinds of specific resources in the private and public sectors. It devotes itself to providing corporate level blockchain business solutions and acceleration. Bitwork Accelerator will be focusing on every angle to help industries locate the shortfalls in the conventional economic model, seek new opportunities and create new economic models with blockchain technology.
How it works?
Colletrix uses blockchain technology to protect intellectual property (IP) creators and verify the authenticity of merchandise collectibles.
Original IP creators typically lose out when their IP gets transferred or sold. Consumers still need to verify collectibles they buy using archaic methods.
Colletrix grants artists the power to tokenize their IP into a digital asset, allowing them to better protect their IP each time the token is traded. Consumers can verify the authenticity of their collectibles via token information stored on the blockchain.
The Colletrix Ecosystem offers an exceptional and unique business model
For IP owners:
Projects provide access to original IP owners who provide lifetime warranty through NFT adoption and IP owners will be included in it. The IP owner will be rewarded with a real percentage of the resulting trading price. The IP in which many offers goods will be increasingly in the lyrics because their credibility increases and also enters the marketplace.
The project brings many benefits to the merchant. With the merger of NFT it will introduce the uniqueness of the product brought. The advantages of different IP designs, NFTs that are secure for IP owners, prove the authenticity of the product, authentication through blockchain, thus for the merchandiser given many benefits to traders.
With modern IP designs being a distinctive force that integrates into crypto-physical service, low supply competition against other merchants will be very attractive to collectors for the sake of getting what they want. With blockchain-based then there is obviously no game that could harm one of the parties.
Through the Platform, Colletrix strives to create a new marketplace with IP tokenization integration. With the introduction of NFT, colletrix will combine a new economy. As such, renewals will be made to all IP owners and manufacturers around the world. Making long-term licenses is very important for IP6 owners and merchandisers, we will offer what is a new market on commodities through blockchain application technology and maximizing the attractiveness of the marketplace products.
About The CIPX Tokenomics
Colletrix will be issuing its very own ecosystem ERC-20 token, the Colletrix Token (“CIPX”). Uses include:
Crypto-exclusive special edition merchandise purchasing
NFT priority purchasing
Colletrix uses the ERC-721 protocol for its non-fungible token (NFT). Each NFT represents a unique IP. The ERC-721 tokens are visible on the Ethereum blockchain, one of the largest public chains in the world.
Blockchain is a cryptographic tech solution with low costs, high security, decentralization and no trust involved. With NFT information and transfer records immutable and transparent on the blockchain, everyone can freely track data and rest assured knowing they are untampered with.
Ethereum Smart Contract
The Ethereum blockchain enables smart contracts, which can store important information about a digital asset as well as allow automatic executions based on if-then conditions coded into the contract. With smart contracts, we can set limits on the number of times an IP NFT can be made into merchandise, and also ensure that original IP owners get a licensing fee from each NFT trade.
Colletrix will issue its own ecosystem token, Colletrix Token (CIPX). CIPX is a cryptocurrency that is supported by the Ethereum network with the ERC-20 standard. Therefore, all records related to CIPX can be seen using the Ethereum browser.
Name Token: Colletrix
Token Sale Details
Initial exchange offer
Beta platform and merchandise launch (UNDONE watch related to NFT, IP tokenization)
First IP x NFT Marketplace Merchandise Development
More UNDONE merchandise plus NFT collections
Q4 2019 - Q1 2020
Gamification element to provide incentives for the NFT collection
Open a platform for the manufacture of pure IP (decoupling merchandise
from creating IP, leading to more IPs that are made and tokenized)
Apply IP merchandising to other products - users must spend CIPX to make NFT with their merchandise
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
ANN Thread: https://bitcointalk.org/index.php?topic=5138397.0
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409