THE PROBLEMS ASSOCIATED WITH VIRTUAL GOODS AND THE POSSIBLE SOLUTION.
Consumers on digital platforms which includes; video games, social networks and messaging services always expect to get services rendered to them for free and this has caused a transition in freemium economy which has made companies rely on the selling of data and also annoying the available third party advertisers.
The sale of products through selling virtual goods is a very profitable way to sell. These goods do not actually exist in the physical world, they only exist within the scope of an existing digital platform.
The reason why this virtual goods have a high profit is because: they lack real world manufacturing, labour and distribution as well. These virtual goods are not also restricted by borders and they have no physical limits.
THE IDEA OF BLOCKCHAIN LICENSING MARKETPLACE (BLMP)
This initiative is a B2B2C, a blockchain company which will process B2B2C transactions and help to provide value through the use of efficiency, traceability and security.
The mission of BLMP is to be able to connect digital platforms with intellectual property licensing industry.
BLMP will be able to help reduce the available friction and leverages that are present on the blockchain technology, they will as well create a unique collaboration network where it will be possible for licenses to be created and enforced on the blockchain.
BLMP will cover the supply of every available supply of virtual goods, the license will as well be provided.
BLMP will be responsible for the processing of the end consumer transactions, this will make it possible for every party involved to get compensated securely, tractably and efficiently.
EXISTING PROBLEMS.
The digital world is improving and getting more recognized every day, this has created a problem with the physical world as they constantly struggle for survival.
Brands, celebrities and intellectual property holders are looking for ways they can stay relevant with the constant improving digital age?
How can the physical world receive new income and royalties from the sale of licensed virtual goods, these digital platforms are also looking for ways that visibility could be increased, how product offerings can be enriched and how content creation can get help?
HERE IS THE PROPOSED SOLUTION TO THIS PROBLEMS.
The best way this problem can be solved is the creation of a platform that will empower available customers, that will provide customers with empowerment and also give them the ability to buy virtual goods online, putting into consideration the reason why purchase is made in real life and that includes for the sake of membership, for the sake of establishment of status, for the sake of class and also for the sake of performance.
There is a new initiative to solve these problems and that is the introduction of BLMP which is a blockchain technology company that will solve the available complex B2B2C problem, this will make it possible for all the parties involved to have complete trust and security assurance within the BLMP network.
FOR BRAND.
Brands will be able to scale and expand their reach with a better control over partnerships while they will also have the ability to gain granular insights which was not possible previously.
BLMP will be able to develop a network where brans will be able to easily follow intellectual property indefinitely and it will be on the blockchain.
FOR DIGITAL PLATFORMS.
When digital platforms join BLMP, there will be a total creation of freedom over digital ecosystem which has no restrictive or long-term licensing contracts.
Digital platforms will be able to pick and choose proposed licensed virtual goods which will be able to determine the right to properly fit their digital ecosystem.
FOR CUSTOMERS.
The innovative will help customers benefit from companies by joining the BLMP network. The adoption process will be made easy as the account will only need to be managed by one account which will be within the digital platform that they choose.
AN OVERVIEW OF THE EPIK TOKEN.
The facilitation, creation, distribution and the sale of licensed virtual goods will be used for EPIK utility token.
The use of the EPIK tokens will be used for transactions, and this is to be able to enable brands, digital platforms and consumers that will be able enable brands, digital platforms and consumers to track every purchased license.
BLMP PLATFORM (AIR).
The position of BLMP is to be able to dominate players in the business blockchain ecosystem.
Here are some basic air technical components.
• The establishment of ethereum smart contracts on the ethereum main net.
• The presence of an off-chain application in order to facilitate short term license for collaboration.
• The provision of proprietary wallet for the simple integration with the availability of a digital platform which will be designed for the easy adoption for every user.
AN OVERVIEW OF THE EPIK TOKEN.
The EPIK token is an ERC-20 utility token properly integrated into the air system. It has several functions in the B2B and B2B2C contexts.
• A certain amount of EPIK tokens are usually spent on the creation of the proposal between brands and digital platforms. This act of consuming a nominal amount of EPIK tokens during the creation of proposal, will help to reduce an unnecessary spam network.
• To act as a medium of exchange between transact process changes in the ownership of virtual goods.
• It will act as a medium of exchange to be able to transact customer purchases of virtual good items.
• It will act as a medium of exchange that will compensate royalty splits between brands and digital platforms.
• It will be able to give users an off discount of their purchase.
• It will be able to give users a preferred or a special access to virtual goods.
• The total amount of EPIK tokens consumed for the creation of item proposals will be burned quarterly.
ANALYZING EPIK WALLET.
These wallets which are proprietary software wallets will be used to manage ERC-20 EPIK tokens and an ERC-721 tokens which will represent a unique licensed virtual good item.
The EPIK wallet will be a very secure one where users alone will have their private key.
ADVANTAGES OF BLMP.
• BLMP holds a unique position which is to be used as a measure for other projects on the blockchain.
• BLMP hopes to be of a great benefit to the entire business blockchain ecosystem, where documentation, sharing and publicity of works will be done.
• The platform is scalable.
• The issue of confidentiality will be resolved.
THE SUMMARY OF EPIK SALE FOR BLMP NETWORK.
Hard cap will have 38K ETH (38,000 ETH).
The total supply will be 200M (200,000,000).
The bonus for invitation will be 20%.
ALLOCATION OF TOKENS.
50% will be for token sale event.
35% will be for brand and digital platform grants, the development of ecosystem and infrastructure.
15% will be for the project advisors and the employees.
HERE IS THE WAY PROCEEDS WILL BE USED.
50% will be for technology.
30% will for the partnerships of sales and marketing.
20% will be for overhead and administration, legal and accounting as well.
SOURCE
Website: https://www.epiktoken.io/
Whitepaper: https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
Twitter: https://twitter.com/epiktoken
Facebook: https://facebook.com/EpikToken
Telegram: https://t.me/EpikToken
Medium: https://medium.com/@BLMPNetwork
Ann: https://bitcointalk.org/index.php?topic=4473798.msg40143678#msg40143678
Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4