There are a number of issues that comes creation and consumption of intellectual properties, prominent among these issue is that of piracy, as a number of people usually steal these contents from the original, replicate it and pass it on to unsuspecting individuals who buy this pirated version thinking it's the original.
The colletrix platform makes it possible for artist to swiftly convert their intellectual properties into tokens which allows for maximum protection of these assets each time it's being traded. Consumers can as well verify the authenticity of their purchased products through the details contained on the blockchain.
The good thing about colletrix is that it is backed by a number of experienced team members from some giant Asian institutions, the four key partners of colletrix includes Undone, Animoca brand, future arena, bitwork accelerator. All of these companies are expected to work hand in hand in providing the required support needed by the project to propel to another level.
More on colletrix
The sole aim of the colletrix project is to create an entirely different model by combining both old and new ones, the new economic model is designed to provide satisfaction to everyone. This model seeks to revolutionize a lot of industries starting from the IP industry.
How it works
What colletrix aims to achieve is IP tokenization through the introduction of NFT (non-fungible tokens), this is done to allow all IP owners issue lifetime time licenses to consumers of their Intellectual property around the world. A new market value and place is also provided for IP owners around the world through the blockchain application.
Colletrix will be the first market mover in this respect, I.e providing a secure, reliable and transparent market that provides massive support for universal economic appreciation. The project is unique and blockbustering in every sense of it.
Token information
Colletrix will have its own token, supported by its own ecosystem, this token is referred to as the colletrix token and it's an Erc-20 token that will be built on the ethereum network, making it possible to view all transactions carried out on it on the ethereum explorer.
Token breakdown
Token name: colletrix
Ticker: CIPX
Platform: ethereum
Type: ERC-721
Colletrix IEO
Colletrix will host an IEO later this month on a reputable exchange in order to help give early adopters the chance to partake in this great and ever progressive project that is tipped to make a lot of positive waves in the future. More details that includes the exact exchange, date, time and rules of the IEO will also be released in due course. But max purchase at the sales is fixed at 5000 USD, while minimum purchase is 100 USD. The total amount to be raised is a little over a million dollars.
Conclusion
Colletrix is one project I am currently banking on to do outstandingly well in the future. The reason I am confident on the project is because of the team backing it and their track records, surely this project is one for the next generation and the ones after it.
Useful links:
Website: https://www.colletrix.com/#
Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf
ANN: https://bitcointalk.org/index.php?topic=5138397.0
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
Telegram: https://t.me/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Author: Kafanchanchan
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433135;sa=summary