The success of an enterprise is largely contributed by the funds it could generate over a specific period. In the same regard, there’s a need to have complete control over its products. The latter is important because of the high rate of theft that cuts downs the chances of physical merchandises from making the desired impact.
Given this issue, there’s a considerable threat that tends to continue holding sway in the intellectual property (IP) industry. Hence, a revolutionary project like Colletrix has the desired architecture to restore the status quo.
Existing Issues
Among the many problems that this project address are the unstable income accruing to IP owners and the limited input of relevant platforms like blockchain in solving the problems. There’s also rising cases of counterfeit products that do not only bring disrepute to a brand but also puts customers/users at risk.
The Solution
Haven noted the above issues and many more of the kind; Colletrix devised a decentralized approach, which it believes would breed new dawn for participants in the IP industry. With the wide variety of features, buyers and owners are sure of getting value from their purchase and inputs respectively.
How it Works
It’s worth noting that the target is at the three major participants in the niche. Thus, the creators, merchandises, and users are the sole consumers of the workings of this reinvented IP formulation.
Here is how Colletrix solves the raging problems in the industry :
• For IP Creators :
In the case of the manufacturers/producers of intellectual property, they are empowered to analyze the performance of their products at intervals. This is to help them make changes if any in order to satisfy consumers' cravings.
The second is their ability to trade tokenized assets on the platform in real-time. By doing so, they would gain more income and fame for their products. Generally, IP creators on Colletrix have the empowerment to earn big and promote their products without hassles.
• Consumers
Users are at the tail end because they make use of products delegated from the platform. Aside from this, they’re empowered to seek customizations for their preferred assets. This is a way of having a unique form of identification for your product, thereby, making it different from others. In addition to this, they are also disposed to earn collectibles in the form of a non-fungible token (NFT).
• Merchandises :
The last but not the least is the merchandise that now finds it easier when moving their platforms and services into the world of a decentralized IP. In this case, Colletrix makes it easier for viable merchandise to obtain approval for intellectual property.
Smart Contract Functionality
In addition to its wide variation of services, Colletrix uses an Ethereum-based smart contract to facilitate transactions within its ecosystem. This is also viable in regulating the proliferation of IPs on the platform and in extracting licensing fees from merchandises for approved IPs.
Roadmap
Information about the Token sale
Ticker: CIPX
Platform: Ethereum
Token Supply: 10 billion
Exchange Rate: 1 CIPX = $0.01 USD
Accepted Currencies: BTC, ETH
The capable team
Final Words on Colletrix
This is literally a “messiah” for the booming world of intellectual property. Hence, Colletrix should be the favorite of major players in the niche, because it has the capacity to move the industry to greater heights.
GET EARLY ACCESS TO COLLETRIX PRODUCTS HERE https://beta.colletrix.com/
To follow up this great project, visit the links below
Website : https://www.colletrix.com/
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5138397.0
Twitter : https://twitter.com/colletrix
Telegram : https://t.me/colletrix
Facebook : https://www.facebook.com/colletrix.io/
LinkedIn : https://www.linkedin.com/company/colletrix
writer's info
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292