ECTO-The first one-of-a-kind token.

Open Collectors Network intends to develop a blockchain for Collectibles likes Artifacts, paintings, warheads from the past or any other item which has inherited value over time by virtue of it been one of a kind and scarce.
We all have come across people who have such fondness of items which have history behind it and has legacy of its own for taking the human kind where it at the moment.
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.

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. All these items are currently being indexed or managed in a centralized fashion. An art gallery internally keeps a ledger of its different exhibits. A car info website has its own SQL database where it has gathered all car specs over time. And the list goes on… All these industries depend on one in particular: the IT industry. It has a 9.27 trillion dollars market capitalization in the US alone and is among the fastest growing industries.
It is an imperative for the platform to be based on open standards and have open-source code. For our specific use cases, the relatively newly created standard for the Ethereum ecosystem, the ERC721 standard, must be adhered to. This provides compatibility with any already existing tokens, like Decentraland, Crypto Kitties and Crypto Punks, and ensures future backwards compatibility can be maintained with tokens created earlier.

The economic model of the platform is based on the following formulas: Non-fungible token creation price, based on an initial fee of 100 ECTO Forecasted price of our ERC20 token, the ECTO Number of registered users Number of businesses created 3 Technical chapters and roadmap describe in detail all trading options Open Collectors Network ICO 13 Number of partnerships acquired/businesses created on the platform Platform’s trading activity, based on 0.1% fee Platform’s interaction rules system Platform’s creation and uniqueness algorithms.

Operations on the platform are powered by using our own coin, the ECTO token. From a technical point of view, it is needed to ensure fair usage of the platform and avoid spamming and overloading of the Ethereum network, especially with regards to the creation and trading of unique items. From both technical and business model points of view, it is also needed for special proof-of-stake algorithm, according to which users and holders of ECTO get periodically rewarded.

Do check them out and participate here at https://opencollectors.network/
Learn more from their detailed whitepaper about their roadmap and business model here https://opencollectors.network/layout/OpenCollectorsNetwork
Join the conversation here at https://t.me/opencollectorsnetwork
Follow their Regular updates and progress here at their Medium Profile https://medium.com/opencollectorsnetwork
Connect with them over Bitcoin Talk at https://bitcointalk.org/index.php?topic=2881612
Do connect with me as well on my BCT profile here https://bitcointalk.org/index.php?action=profile;u=1198447