In our world today, we're surrounded by fake and counterfeit goods. Ranging from fake pharmaceuticals, counterfeit tangible goods, and pirated software. In a recent report carried out, the negative impact of these counterfeits products was estimated to be $600bn in the United States alone.
Sadly, international laws, regulation, and cooperation agencies haven't been able to rectify the problems of fake and counterfeit goods. And as such, their inefficiency has led to quite a number of things such as:
- Inadequate transparency in manufacturing, supply chains, and sales
- Unsatisfied consumers
- Limited resources
- Gigantic increases within international fright and trade.
Introducing simplyBrand
simplyBrand is a decentralized inclusive ecosystem that adjoins artificial intelligence, crowdsourcing, and blockchain technology to eradicate fake and counterfeit goods off the e-commerce space. The platform facilitates the utilization of it's unique AI together with the power of blockchain technology to invigorate security and transparency in an online purchase.
simplyBrand, according to their website was designed to fabricate and reconstruct the e-commerce space. With the help of blockchain technology, the platform will able to detect any online merchant or website selling fake and counterfeits products. simplyBrand will create a sort of "blacklist" channel, where all fake and counterfeit product are reported from any user who spots one. Those who report fake goods will be rewarded with the platforms token known as SBA tokens. The tokens can be sold on exchanges or used to purchase brand privileged products on the platform. This act alone will eradicate counterfeit products forever.
SBA Token
Like I said earlier, the token will be used to purchase brand privileged products on the platform. As well as being traded on other exchanges. Basically, simplyBrand token pre-sale begun on the 10th of January and would last till the 23rd of March. This pre-sale is open for everyone across the world excluding the United States and China considering the strict restrictions from their government.
| Name | SBA | |||
|---|---|---|---|---|
| Type | ERC-20 | |||
| Price 1 ETH | 4,000 SBA | |||
| Hard cap | 40,000 ETH | |||
| Soft cap | 4,000 ETH | |||
| Marketing | 20% | |||
| Development | 45% | |||
| Operation | 15% | |||
| Administration | 5% | |||
| Legal regulation | 5% | |||
| Business development | 10% |
NOTE: The presale will take place on Cobinhood
For more information and resources please visit the links below
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Disclaimer:
This is not financial advice. Please do you own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.