Have you known a Blockchain that functions for non fungible token? This is about it. Open Collectors Network is a decentralized exchange that allows users to create and trade non-fungible tokens. Find out what that means today in our review. Open Collectors Network ECTO, found online at OpenCollectors.network, is a cryptocurrency exchange that specializes in one-of-a-kind tokens – also known as “non-fungible” tokens. Most cryptocurrencies and assets are “fungible”, which means they can easily be exchanged with another cryptocurrency or asset of the same name. For example, if you own 1 AAPL stock, then that stock is interchangeable with any other 1 AAPL stock. If you own 1 LTC, then that LTC is the interchangeable with any other 1 LTC.
What Dose Official Web Say?
Imagine you printed 1000 flyers and are handing them out on the street. You don't care which flyer you hand out from the stack, because they are all identical: same size, same content, same purpose. This collection of flyers is said to be fungible and it’s equivalent to current crypto currencies: if you send someone 1 ETH, it doesn’t matter “which” ETH from your wallet it is. To date, we assume most cryptocurrencies are the fungible. The 1 BTC you hold is the same as the 1 BTC anyone else holds – even if they’re secured by different cryptographic private keys. Open Collectors Network, however, specializes in selling and hosting cryptocurrencies that are non-fungible. Like different art pieces by famous artists, each piece or token is different. If you wanted to buy a Van Gogh painting, for example, you wouldn’t just pick one random painting. Some are more expensive than others, and some have more desirable traits than others. With that in mind, Open Collectors Network wants to create a platform for non-fungible tokens. Users can create or trade non-fungible tokens on the platform.
Use Cases for Open Collectors Network
Why would someone create non-fungible digital assets? What are the advantages of anon fungible digital currency? “The possible uses cases for unique tokens,” explains the official Open Collectors Network website, “are almost endless.”
Some of the identified use cases include
Social Platform
Individuals or groups can tokenize unique things of value to them for personal use – like CryptoKitties, for example.
Business Sector
Any freelancer or business can easily tokenize their personalized products, like a car, an article, or a handcrafted item.
Auction Houses
Auction houses can maintain their inventory on a public ledger uses unique, one-of-a-kind tokens that represent unique, one-of-a-kind pieces.
Gaming Platform
Certain game types – like Magic The Gathering – or in-game items – like a Dragon Lore AWP skin in Counterstrike – can be held on the public ledger to increase accountability and transparency for the owning party. This can also be used to attach virtual currency values – like in-game currency values – to a particular item.
Virtual Object Marketplace for Content Creators
The ability to buy digital assets with the intent to use them within a game or within the development of a game is possible using the ERC721 standard. This means the marketplace offers tools for game developers to sell their creations. Game developers can also use those creations for further game development.
Discounts
Companies can tokenize their products and offer exclusive discounts. Someone might purchase tokenized discount codes, for example, then use those codes to access discounts on Apple products.
Digital Media and Rights
Open Collectors Network could be used for DRM, creating a unique digital asset that transfers digital media and rights ownership. This could be used to the represent a graphic, an image, music, a book, or anything else. Writers, artists, and musicians can sell their digital asset to anyone who wanted to purchase it.
User Identity
Open Collectors Network aims to partner with a KYC solution to provide superior user identity verification. A user can verify identity through the platform, then have a unique blockchain-based token created for their profile.
Open Collectors Platform for Non-Fungible Tokens & Features
Anyone can easily create a non-fungible token for their own purpose without any programming knowledge.
Tokens can be listed and traded in Open Collectors Decentralized Market.
The platform was built based on Ethereum Smart Contracts and totally safe and secured for its users.
Platform is developed in a very independent and user-friendly way. So there is no need to have any experience in crypto markets to use the platform. A basic computer knowledge will be enough.
ECTO Tokens & Token Sale :
Open Collectors team decided to create and issue ECTO tokens for all operations on the platform. Users will need ECTO tokens to be able to use the entire functionality of Open Collectors Network.
Additionally, ECTO Token holders will have several benefits such as:
Discounts for operations
Voting rights in the platform
Airdrops will be distributed periodically to ECTO token holders.
THE ALLOCATION OF THE TOKEN
Sold 97.5 million-65%
Adviser to the 15 million (released in batches during the period 6-12 months)-10%
Founder of 15 million (held for 12 months)-10%
The company's 19.5 million (used for partnership)-13%
3 million bounty-2%
ALLOCATION OF FUNDS
Development of 5550-37%
Partnership 4500-30%
Marketing 3000-20%
Legal Operating 1500 &-10%
Unforseen 450-3%
See more details about the crowdsale below:
Ticker Symbol: ECTO
Total Token Supply: 150,000,000 ECTO (97.500.000 ECTO will be issued to public during token sale)
Token Price: 1st Week- 1ETH = 6600 ECTO; 2nd Week- 1ETH = 6300 ECTO; 3rd Week- 1ETH = 6180 ECTO; 4th Week- 1ETH = 6000 ECTO
Token Sale Date: April (Exact date is not announced yet)
For More Details Follow us Here:
Website: https://opencollectors.network/
Whitepaper: https://opencollectors.network/layout/OpenCollectorsNetwork
Prototype: http://demo.opencollectors.network
Twitter: https://twitter.com/open_collectors
Facebook: https://www.facebook.com/OpenCollectorsNetwork
Telegram: https://t.me/opencollectorsnetwork
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Bitcoin Talk Username : Epifanova
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1736046