Minggu, 13 Mei 2018

Open Collectors Network - The First one of A kind token


what is open collectors? Open Collectors Network is the first decentralized platform for one of a kind token, where everyone can create their own, create, customize, interact with and trade their own tokens, on the open market, based on existing standard specifications. Not fungible vs fungible? The best way to explain how we understand this concept, and how it applies to our project, is for example. Imagine you print 1000 flyers and distribute them on the road. You do not care which leaflet you handle from the pile, because everything is identical: same size, same content, same purpose, etc. The collection of leaflets is said to be incompatible and the same as the current crypto currency: if you are somebody 1 coin, no matter which one from your wallet, there is one coin that will do it.








But let's consider now, another collection: paintings by famous artists. Already, we can tell the difference: if you want to buy it, you will not pick at random. You prefer others, some are more expensive and so on. They are helpless, because everything is the one and it is important that "that" is true.

Platform for tokens that can not be photographed We slowly but surely enter the mature phase of the blockchain era yet, any new crypto currency or blockchain technology out there is made to work with one thing: a benchmark. If you have 10 BTCs, they are just as good as they are, as are IOTA or Ripple.




From our experience as a direct developer, we realize that IT is not a block of objects, where if you select two items at random from a collection, they have different characteristics or attributes.

ECTO prizes and tokens

Function
The operation on the platform is done using our own coin, ECTO. This is necessary to ensure fair use of the platform and avoid spamming and overloading the Ethereal network, especially with regards to the manufacture and trade of unique merchandise.


Gift
In addition, having ECTO in your wallet also offers several advantages, according to a special proof-of-stake algorithm:

  • Discounts for all operations.
  • Right to choose for features that must be implemented platform first.
  • Airdrop is given periodically, in the form of ECTO drops, based on a
  • The combination of activity on the platform and the number of ECTO you hold.


Activity is measured in relation to total activity by all platform users.
ECTO shares refer to the amount of ECTO you have in your time at calculation time
The actual implementation of this mechanism will be coded in the Ethereum smart contract, for some reasons:
  • Guaranteed terms, which will remain unchanged as time goes by
  • Added security
  • Full transparency about collected costs, benefits and mutual funds
  • Full funds control: each user will be able to withdraw profit sharing, to his wallet
  • Where he holds his ECTO token, at any time, without the need for it every day (his share is counted since the last withdrawal date)
  • There are no hidden fees, no withdrawal fees, except the usual Ethereal transaction costs
Distribution of Tokens & Prices


Token prices vary by sales duration:
  • First week: 1ETH = 6600 ECTO
  • Week 2: 1ETH = 6300 ECTO
  • Week 3: 1ETH = 6180 ECTO
  • Week 4: 1ETH = 6000 ECTO
Technical details


Backend is only useful for creating unity, uniqueness, uniqueness and uniqueness. It is based on open source. Net Core and hosted in the cloud for maximum availability. It will come with a free public API, for more advanced exchange users. All interactions with the blockchain of the front-end should be as simple as possible, using the most up-to-date mechanism, which, at the time of this writing, is the Metamask web wallet. We plan integration with MyEtherWallet for the future. As a desirable consequence, the exchanges do not store the private keys of their users, put them in full control of their assets. Additionally, there is no need for client-side account management (no login / login), as all operations are done through a 3rd party open source wallet, ensuring privacy and security. The platform aims to conform to the GDPR standard, so we will not retain any personally identifiable information, unless required by law, and only by.

Our team
We are a team of hard work with more than 50 years of programming, testing, product management and marketing experience, which has a burning desire to be part of the blockchain revolution.


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By Martin Vunk :

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