Every coin of each cryptocurrency and token is the same and no one can tell one from the other. Or at least it was so till these guys decided to create a platform for non-fungible items. From now on everyone will be able to devise unique tokens for unique items, not only devise but own, customize, define interaction rules and trade on an open market.
Practically any you can think of as long as it is digital: any kind of artistic content (a musical piece, an e-book, a designed item), digital assets or collectibles within computer games, VR objects, personalized products like hand-crafted items – any collectible piece you own or create can get an individual identifier in the Ethereum ecosystem through pair ‘Contract address-token identifier’.
The owner of the unique token will define rules for passing rights to interact with or trade the item.
Although tokens can be sold within the platform there are very important differences from simple exchanges:
You don’t have to learn coding in order to create your own tokens. The interface of the Open Collectors Network is intuitive and understandable. Yet it provides uniqueness through specialized algorithms preventing forgery and allowing current tokens grow in value with time.
To mitigate risks of duplicates the Open Collectors Network has a complex several-layer mechanism for validating newly-created tokens:
The platform is based on open standards and has open-source code which provides compatibility with any already existing tokens, like Decentraland, Crypto Kitties and Crypto Punks, and guarantees future backwards compatibility with tokens created earlier.
Using blockchain allows the Open Collectors Network to take full advantage of such features as transparency, tamper-proof security, accountability & absolute ownership.
The Open Collectors Network is a decentralized platform, so it does not keep or request personal keys from its users. Only you by using your favorite wallet can initiate all operations that are processed by the Ethereum ecosystem.
The platform is built for everyone, regardless of their level of income or proficiency in the blockchain. You can use the Open Collectors Network, even if you know nothing about blockchain and how it works. The most popular Ethereum wallet, Metamask, used on the platform makes all operations as easy as possible for the end user.
Operations on the platform are done via ECTO – a coin created specifically for Open Collectors Network. Possessing ECTO will allow you to fairly use all features of the platform and have some benefits according to PoS algorithm:
25% activity is measured in relation with the total activity by all users of the platform.
75% ECTO stake refers to the amount of ECTO you have in your wallet at the time of calculation.
This mechanism will be fully implemented into smart contracts, for added transparency and accountability.
Total tokens: 150,000,000 ECTO ( 100,500,000 public; 2% bounty + 65% sale )
Token price varies by sale duration:
1st week: 1ETH = 6600 ECTO
2nd week: 1ETH = 6300 ECTO
3rd week: 1ETH = 6180 ECTO
4th week: 1ETH = 6000 ECTO
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1387958