May 2019

May 29 2019

The Revolution of IP Industry Via Tokenization in Colletrix Platform with Blockchain Technology

Blockchain technology development to increase transaction convenience still leaves a variety of performance evaluations. The current transaction has led to digitalization, so everyone must prepare themselves for technology transfer. The opening of opportunities for the use of technology began since the internet can be accessed by everyone to get information from various parts of the world.

Everyone everywhere can be connected so that they have eliminated distance with faster communication. At present, the use of the internet is no longer limited to providing information but providing value. This is evidenced by the many platforms developed to meet human needs every day. One of the fastest growing platforms is the e-commerce platform.

The existence of e-commerce makes the need for a payment system that is integrated with the platform. That is what makes third parties the solution to making payments, but it requires time and money, so it is less effective. The level of security in transactions also needs to be questioned. The development of blockchain technology is also one of them to overcome the problem of payment.

The blockchain technology platform is presented to provide a payment system that can eliminate third parties. This makes transactions can be done more quickly. For data security, there is no doubt, and blockchain technology uses a decentralized system so that it can make every data secure with strict access rights to transaction data.

User trust can be built with a high transparency concept so that transactions can be known in real time. Most of the platforms that are currently built have switched to using blockchain technology because the features they have can help users to transact more safely and comfortably. Each user can also utilize blockchain technology to get profit from every transaction made.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

The Cryptocurrency in Colletrix Platform with Blockchain Technology

When you are used to using blockchain technology in transactions, you are already familiar with the term cryptocurrency. The use of cryptocurrency has been introduced since the emergence of bitcoin. That is also one of the right methods to speed up the transaction process. The concept of cryptocurrency is a digital form of fiat currency commonly used in real life.

The concept offered by Bitcoin has received a good response in the digital market. It also continued with the emergence of Ethereum as a significant cryptocurrency that developed. Payments on most blockchain technology platforms have also used the cryptocurrency concept to make it easier for every user. Colletrix platform also provides a cryptocurrency-based payment system for transactions.

Purchasing cryptocurrencies for the Colletrix platform can be done before making a transaction. It will make it easier for you to run transactions with smart wallet and contract usage. CIPX is the name for the cryptocurrency that runs on Colletrix. CIPX purchases can be made with well-known digital currencies such as Bitcoin and Ethereum. CIPX will be used as payment for all transactions in the Colletrix ecosystem.

Not only when you make a purchase, but every service you get on the platform will also use CIPX. The liquidity level of CIPX also needs to be increased so that the value becomes stable. It must be proportional to the flow of transactions that occur in the ecosystem. The amount of CIPX issued is also limited to ensuring that tokens are liquid at all times.

Who Participates in Colletrix Platform?

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

Everyone can participate in the Colletrix platform with several roles. Every role that is owned will make each user have a different contribution too. Roles that affect transaction liquidity include IP Owners, Merchandisers, Collectors, and Holders of CIPX. Colletrix is a unique platform to give the original IP owner access to opportunities to provide a lifetime license.

Each role will be connected when a transaction occurs in the ecosystem. The IP owner will be included in the unique NFT that is owned so that it leads to the secondary market. Merchandisers will determine what items can be traded in the ecosystem. Users who have a role as a collector can obtain merchandise with unique characteristics.

Every merchandise available in the ecosystem is a unique luxury item that can be customized. It can be adjusted to the owner of the IP. The authenticity of the product will also be maintained with the use of the blockchain technology concept so that product history can be known. Purchasing merchandise can be done using CIPX. An important role is also needed by CIPX owners to be able to provide tokens to users who need them.

Can a user have multiple roles? Yes, that might happen. Someone might be able to become a CIPX collector and supervisor. That depends on how users transact in the ecosystem. In essence, every person has an essential role in the sustainability of the ecosystem so that the more users who transact, the better the level of liquidity of the ecosystem will be.

What did the IP Owner do on the Colletrix Platform?

The IP Owner will obtain a lifetime license service that can be done through the adoption of NFT. The design and unique works of each IP Owner will be included in the NFT list that is owned. The NFT Marketplace will be a secondary market that might be created by this concept. Giving a lifetime license is also the best service so that the IP Owner will continue to be known for his work and allow him to get results from practices that are made forever.

Giving gifts to IP owners will be worth a fixed percentage of the NFT price made by the IP owner. The specified trading price will be generated from all NFT trades on the NFT Marketplace. Each NFT will be related to the Specific IP associated with merchandise. Demand from users will increase when IP is added, and the popularity of merchandise increases.

When collectors are interested in merchandise that has IP made by IP owners, the trade will become more active and intense in the NFT market. This will also increase the volume of CIPX trading at the same time. The increase in NFT sales volume will be comparable with NFT sales. That would be very good for increasing transaction liquidity in the ecosystem.

What Are The Merchandisers Do?

The new trading model will bring more benefits to traders by increasing the volume of profits. The incorporation of NFT also provides an original introduction to the uniqueness of products to be able to collaborate cross with different IP designs. The new concept encourages merchandisers to be more productive in producing works that can be traded on the ecosystem.

Merchandisers will have the opportunity to make only sole merchandise through the provision of IP licenses with NFT holders. That’s where unique merchandise will be located, and not everyone can have the same serial. Each NFT will be used on a limited basis to produce merchandise.

Certain limitations of the use of the NFT aim to protect IP owners. This concept will be attractive to collectors throughout the world. Everyone with a hobby of unique items with limited inventory will certainly like this business concept. Everyone can have the opportunity to own it by utilizing the development of the application of blockchain technology.

The concept will also help open new sales channels in the online market in the industry built on blockchain technology. NFT can prove product authentication through blockchain technology. The evidence can be done with historical records and the authenticity of goods through the blockchain. This is easy to do when containing NFT information so that it can provide more benefits for the merchandise.

Platform Attractiveness for Collector

The addition of popular IP designs is undoubtedly the main attraction of the integration of the world’s first crypto-physical products. The NFT presented with unique merchandise will be the main attraction for collectors. It is not limited to NFT collectors, but it can also be used for collectors of merchandise. This can happen because the NFT and merchandise have a limited amount.

For demand to be competitive, the offer will be limited. It can also increase high prices on the market. Popular IP designs that are represented by NFT can become new collector items for fans. This concept is presented with blockchain technology to provide full support for digital projects.

Active trading and NFT purchases drive high liquidity from CIPX and popularity. Blockchain-based technology will help provide audit trails so that it supports historical ownership. It will also include information about trafficking and ensure collections are real and inadequate for collectors.

The Benefits of the Colletrix Platform for CIPX Holders

Every part of the ecosystem will benefit from each transaction executed. IP owners will be more famous in their participation in the ecosystem. IP owners will combine their designs through publishing NFT and merchandise through the Colletrix platform. Collection of CIPX collectors and fans will continue to be added to increase demand.

CIPX will be used as the main currency as the tokenization of IP that is applied in the ecosystem. Besides, CIPX will also be used for collection and trading on the platform. CIPX Token holders can certainly participate freely in the IP economy because each transaction will require CPIX in exchange.

Increasing the number of owners of IP in the ecosystem will have an impact on the more merchandise and NFT generated on the platform. The increasing number of merchandise will help attract more consumers and collectors. This will have a great impact to increase the demand and expansion of the ecosystem. Each participant will place CIPX as an essential aspect of daily life.

The Mission of the Colletrix Platform Development on Blockchain Technology

The creation of new market values with the integration of IP tokenization will be an innovation from the use of blockchain technology. By introducing the NFT, the merger of the old economy and the new economy will be implemented. The period of making the license will also be extended for the IP owned.

Every trader participating in the ecosystem will be offered physical commodities that are run through the blockchain application. It can maximize attractiveness and provide more benefits from their products. The NFT involved can predict the interest of collectors by providing access to the crypto market. This will lead to new business opportunities similar to the creation of a franchise.

The Colletrix platform will be one of the first to inspire the mass transformation of economic integration in the world. It is time for the digital revolution to have a positive impact by increasing profits for everyone who participates in the ecosystem. The use of digital media must now be able to provide value so that it is not limited to information.

A world with a new economy will be realized by maximizing benefits for everyone. It will begin with IP and the creative industry. The industrial revolution will occur when IP owners can retain the rewards of proper licenses obtained by applying blockchain technology. Colletrix platform will develop the best concept for the realization of blockchain technology for the new economic era.

What is the Role of NFT as a Solution Offered by Colletrix Platform

Every purchase of physical goods will make the customer receive a unique private key embedded in the communication chip. This key can give the owner the possibility to redeem merchandise using the unique ERC-721 Token. The ERC-721 Token is a technology used in the platform to visualize unique and new digital assets.

The NFT that has been visualized will be a new and mapped asset class. That would be related to traditional merchandise. After it is successfully redeemed and traded independently, it can be returned as a digital asset. This innovative technology will restore luxury to conventional luxury goods and develop market value as a digital asset.

When the amount of NFT issued is strictly limited, it will be associated with merchandise. That will make merchandise very popular and has high trade value. The innovative technology view will bring the NFT to develop its market as a digital asset based on physical products. You can join to get a new experience with the adoption of blockchain technology in the new economic era.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

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By admin • Blockchain Technology • Tags: Ann Thread, CIPX, cryptocurrency, information, market, NFT, payment, profits, service, technology

May 28 2019

Let’s See How Migranet Work with Blockchain Technology and Artificial Intelligence for Solutions to World Migration

When you need information about which country is suitable for your place of residence. Or you might feel that the country you live in is not ideal for you and your career? Then you need a system for immigration. You might need a professional to find out which country is right for you.

The next question is, how can you be sure of the professionals you meet? Do they give the right advice? You may need more than one professional to express their opinions. But what about when every professional provides a different answer? Of course, that will be a new problem for you.

Migration is synonymous with your readiness to go through a complicated and time-consuming process. Isn’t to mention the costs needed for the procedure in Migranet platform. Do you believe that there is currently a solution to overcome migration with the use of technology? You will also be faced with a decision-making system using the basis of artificial intelligence.

It is not impossible that technology has an essential role in helping you achieve your needs. Systems with logic made by experts and outlined in the form of technology will have a high degree of accuracy. That’s how artificial intelligence was included in the migration platform. This is the first thing that exists in the world by combining AI with blockchain technology.

You certainly are no stranger to blockchain technology which has become popular since Bitcoin was created. This technology is presented with the concept of decentralization to promote transparency. That’s what makes blockchain technology in demand. Besides, the use of blockchain technology also implements cryptocurrency to simplify the payment process.

When you have transacted with blockchain technology, of course, it is no stranger to you. However, combining the blockchain with the AI is only the first time there, and you need to try it. You can consult for free through a platform to determine which place is right where you live. AI will help you by giving recommendations.

How can AI recommend that for you? That can be done by giving some of your data, such as education, work, habits, hobbies, and even data about your child or wife. That will help AI to determine the right goals. You also don’t need to worry because the data you provide will be safely stored on blockchain-based technology.

The blockchain combination with AI is done on the Migranet Platform to simplify your migration process, and it is also equipped with 100% free consultation. So when you are going to migrate or are not sure about where you live now, you can take advantage of this platform and get a place to live that suits your identity. You can also get complete information through the official website of the Migranet platform.

Ann Thread: https://bitcointalk.org/index.php?topic=5124821.0

Website: https://migranet.io/

White Paper: https://migranet.io/wp-content/uploads/2019/04/Migranet-Whitepaper-v.1.1.10.pdf

How Do Migrants Work?

You must have been curious about how the collaboration between Blockchain and AI complement each other and form a safe migration system. Digitalization has increased very rapidly, and the development of platforms to meet human needs continues to be carried out. Migrants become one of the innovative platforms to help anyone get a life that is by your passion. The following is how the Migranet Platform works.

Registration Process

The first thing you can do to take advantage of this platform is by registering. At this stage, you will provide information about the professional history, country of origin, oral language, education, and other supporting information. You don’t need to worry because your information is very safe.

Select

At this stage, you will see options presented from the results of the AI algorithm to process the data that you provide with the conditions of a country. You can see the possibility of potential migration based on migrant intentions. It will be based on education, work, travel, or residence chosen as a permanent residence. Besides, migrants can also select the country of destination manually when fulfilling the requirements.

Application

When migrants have successfully selected the country of choice, the next step is to submit the desired status. At this stage, the costs will be withdrawn from the MIG wallet (tokens used in the ecosystem to make payments). The amount needed is $ 500 for permanent residence and $ 150 for all other forms of migration.

After that, migranet will process the application and work with the appropriate parties in the destination country to complete it. You only need to wait until the process is complete. You can also see this concept and try it through the Migranet prototype. With the trial, you can find an overview of the use of applications for migration.

The process carried out is quite simple and easy to migrate. You don’t need to stand in line or even pay unnecessary fees. You can also avoid various forms of fraudulent actions that can harm you. The full Migranet Platform gives you the convenience to migrate to a country that suits you.

The Use of MIG on the Migranet Platform

MIG is a cryptocurrency that is used to transact in ecosystems. Everyone can have MIG tokens as a form of participation on the platform. The total supply of tokens will amount to 850 million. That will allow more people to utilize the migration platform with blockchain technology. Purchases can be made in the ITO period as a form of the initial contribution.

The use of MIG can be done by using a digital wallet. Every transaction with blockchain technology always involves cryptocurrency. The role of MIG to facilitate exchanges can be done and has been applied to many platforms with the adoption of blockchain technology. The use of MIG tokens also makes you not have to worry about security and transaction speed.

The transaction that you did on a blockchain technology platform will use a smart contract system. Data will be stored on a secure block and only made by parties who have interests. Besides, ownership of MIG tokens becomes essential when you need the migration process. Register yourself immediately to get MIG tokens. It will be available on a limited basis to maintain liquidity.

Of the total MIG Tokens, it is planned that there will be 510 million tokens as a circulation supply. Then the sale of the token was also at $20,000,000 soft cap with $75,000,000 hard cap. The payment received for purchasing MIG tokens is ETH. Public transactions will also usually be carried out in a certain, so you need to record important dates.

The deadline for selling tokens is August 15, 2019. Date changes may occur, so you need to update the information regularly. The MIG Token will be priced at $0.20 for one MIG token. The project protocol uses ERC20. The reason for limiting the number of tokens is none other than to maintain liquidity and increase the need for tokens to transact in ecosystems.

Use the Secure Multi Coin Trust Wallet for Android and IOS

Good news for you because the application is available for the Android and IOS operating systems. That will make it easier for you to trade in your hand. The trust wallet will give you all the concepts you need to know in one place. That will provide several features that can represent your needs for digital transactions.

The trust wallet is equipped with a private key that is only stored locally to ensure safe use. Besides, the account is also protected by many layers of security to reduce the risk of actions that can harm the user. As an embodiment of the digital payment method, Wallet Trust will be a safe and reliable system.

Besides, the advantages of this wallet are compatible with ERC20 and ERC223 tokens so that it has full support for the Ethereum network. This system also supports well-known crypto and cryptocurrency protocols such as ETH, ETC, POA, GO, VET, etc. so that it will ensure your convenience to make transactions anytime using various currencies.

You don’t need to worry about your data because this payment system offers anonymous concepts. That will make your personal information safe because no one will ever be able to access personal information. This concept also ensures that personal data is always safe, thereby increasing the user’s trust in utilizing the Wallet Trust.

This wallet system has been supported by the exchange in a decentralized manner, ensuring that the Wallet Trust will continue to work smoothly. The collaboration with Binance DEX also provides an opportunity for you to do business instantly. The entire concept offered is undoubtedly possible on decentralized exchanges built on blockchain technology.

Dapps and Web3 support are also available, allowing you to interact with decentralized applications. The Migranet platform is ready to launch a migration service product across the world to facilitate everyone’s access to technology. Technology development will also help you continue to get positive impacts from its development, including secure and safe migration.

What is Migranet Provided for Migrants?

Migrants are familiar with the term migration with various problems and problems in the process. The presence of the Migranet platform is intended to provide a system with high transparency. It was realized with several technologies used in the development of platforms. Besides, the system also offers accuracy, accountability with a fraction of the costs needed in the traditional process.

An assessment of a migrant is carried out with an AI where the algorithm will verify credentials and ratings. This will result in the host country for immigration. For migrants to avoid malpractice, fraud, and misrepresentation, protection is carried out by implementing blockchain technology. It is a technology developed for digital system security and has been tested.

What about migrant data information? You don’t need to worry because the platform will use Biometric ID. The purpose of its use is to provide certainty for refugees by keeping their original identity confidential. The biometric ID will not include the official name, date of birth, and country of origin. It will be changed in the form of an encrypted hash. The application of Biometric ID can guarantee the safety of migrants.

Besides, the application of MIG Tokens is also one method that is done so that payments are safe and by the needs. It is a cryptographic utility token. Every migrant who needs services from Migranet requires them to exchange with MIG Tokens. To have tokens, each migrant can join the token sales event at the beginning, or obtain a token first through token holders.

The As Migranet Platform The One Stop Solution to Migrants

What more do you think when the global Migration platform is available before you? Development of the Migranet platform using the basis of blockchain technology and AI is the best solution for global immigration. The concept of AI found on the platform can help you find the right country to live in.

Migranet is also presented with experts in their fields to produce professional assessments to provide the best service for platform users. The use of blockchain technology can ensure the security of the data you provide. It will all be stored on the locked block safely. Not just anyone can access it unless they have the authority.

The use of smart contracts also helps protect migrants from various actions that can be detrimental. The contract will be made based on the concept of implementing blockchain technology for better digital transactions. The platform also offers a more affordable payment system by avoiding credit card usage, high conversion rates, delays in the transfers, and high banking fees.

The use of MIG tokens makes each transaction more comfortable and faster. Cryptocurrency on blockchain technology platforms is beneficial for the implementation of the payment system without involving third parties. It also makes exchanges quickly resolved without requiring verification from other parties. All of that can be carried out transparently and can be seen in real time.

Migranet Platform provides the best solution for every problem that occurs in immigration. When you don’t need to be afraid of fraud, irresponsible agents, and malpractice, you are also faced with the fact that the cost of managing this is very affordable. So why should you wait to immigrate to the country that is right for you?

Ann Thread: https://bitcointalk.org/index.php?topic=5124821.0

Website: https://migranet.io/

White Paper: https://migranet.io/wp-content/uploads/2019/04/Migranet-Whitepaper-v.1.1.10.pdf

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By admin • Blockchain Technology 282 • Tags: Artificial Intelligence, Blockchain, cryptocurrency, education, information, Migranet Platform, payment, technology, token, Wallet Trust

May 24 2019

The Colletrix Platform for Solution of Blockchain Platform in Many Purpose

Today’s digital society has begun to switch to digital transactions, one of which is through the blockchain technology platform. Since the beginning of its development, blockchain offers a system that can simplify various aspects, including removing third parties in terms of payments. Adoption of blockchain technology is also ongoing to make the platform useful.

The use of blockchain technology to create new markets is also carried out by the Colletrix platform aimed at all stakeholders. Everyone who joins the ecosystem can enjoy safe and secure transactions through the platform. Besides, the concept established on the blockchain technology platform also has a payment system that involves cryptocurrency so that every transaction made can be completed quickly.

Colletrix’s platform offers the ability of IP owners to obtain lasting monetization from the use of IPs created. Furthermore, Merchandisers will benefit from a design explosion that has a selling brand from the product. Consumers and collectors can also provide support to their favorite characters by doing what they like most like buying and trading collections.

The system running Colletrix platform will start when the owner creates an IP. Then from the IP that was successfully created, it will be typed into NFT. After that, NFT will be linked to merchandise. Then consumers can buy merchandise and NFT redeems. After making a purchase, customers can trade NFT IP owner receives a licensing fee. The last collector will collect different NFT for appreciation.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

Why Colletrix Platform Uses Blockchain Technology?

Daily transactions are now becoming obsolete with the market shifting into the digital era. Every current deal can be done online. Payment must also be able to continue to follow the style of transactions carried out by the user. Therefore the use of third parties as payment bridges is considered to be less productive so that a system improvement is needed to adjust it.

The adoption of blockchain technology for the creation of platforms has often been used to ensure transaction efficiency. How can it work? Blockchain is a technology built to provide solutions from cryptographic technology. The technology is presented at a low cost, a high level of security. Besides, the blockchain also uses a decentralized system so that there is no trust involved.

The Colletrix platform uses blockchain technology with the aim that NFT information and transfer records cannot be changed and are transparent. That will make everyone able to track data and believe that they are not disturbed freely. The use of blockchain technology is also equipped with a good security system so that it can be relied upon to transact in the digital era. The use of blockchain technology on the Colletrix platform is expected to be the best solution to get the best experience in utilizing technology platforms.

Application of the Ethereum Smart Contract in Blockchain technology

The use of blockchain technology indeed allows the use of smart contracts to store important information about digital assets. Blockchain Ethereum can store important information about digital assets. The use of Ethereum also allows automatic execution to be carried out based on conditions if it is coded in the contract.

The use of smart contracts can also limit the number of IP NFTs that can be made as merchandise. The agreement can also ensure the original IP owner to obtain a license fee from each NFT trade. It also distinguishes the Colletrix platform differently from other platforms. IP Owners will benefit from the certainty of licensing for each item made.

The Collectirx Platform Offer Solution for The Best Platform with Blockchain Technology

Website: https://www.colletrix.com/

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Colletrix provides a unique private key concept for every physical purchase carried out in the ecosystem. The unique key is embedded in the near field communication chip (NFC). Private keys give merchant owners the right to redeem and access ERC-721, NFT tokens, through the Colletrix platform.

NFT will be visualized as a unique and new digital asset so that no duplication can be done in any way. Information related to NFT ownership will be automatically uploaded to the blockchain. Uploading automatically makes it easier for the full check process to be found in the Ethereum network. The recording will be carried out with a high level of transparency so that it can increase consumer confidence in utilizing the ecosystem.

After NFT is visualized, a new asset class will be formed and then mapped, which will initially be associated with traditional merchandise. After the product can be redeemed, it will then be traded as a digital asset independently. Collerix describes innovative technology to restore the luxury of traditional goods. NFT will develop its market value as a digital asset.

Spending a limited amount of NFT is often associated with merchandise at the beginning. These items will be very in demand and have high trade value. Jam, innovative technology kicks as exciting products can also kill traditional elements. Therefore, NFT will develop its market as a digital asset in the form of physical products.

What Benefits Do IP Owners Get By Using NFT?

IP owners have the advantage of using NFT in the ecosystem. The use of the NFT will make the owner have the right to decide whether to maintain the NFT owned as an appreciation value or sell it. Sales can be made on the NFT Marketplace intended for other users. IP owners have choices provided by the platform to provide transaction convenience.

NFT purchases can be made using CIPX as a cryptocurrency applied to the ecosystem. The original owner of the IP design will receive payment for the license as a gift from the trade. All subsequent NFTs generated will be part of the trade price agreed upon by the NFT seller and buyer.

Each IP will only have limited NFT supply, NFT market demand for designs or IP hits will increase. This will be an encouragement to users to gather and empower existing NFT. The Colletrix platform will also introduce more future gamification for NFT holders so that it can provide many benefits through trading and token collection.

Going forward, when the secondary market is strongly formed for physical goods, the platform will also be available. The platform will introduce a second business model where it can pair physical watches that are resold to NFT transfers through smart contracts. NFT ownership will then be transferred automatically to the buyer. That will happen when the seller receives payment for physical goods, and the buyer receives merchandise.

What are the IP Owner License Benefits Programs?

The entire sales record and ownership of the NFT will be uploaded to the Etherum network. That is what can help the original IP owner to see the overall sales figures. Each sales record number will be seen in real time. Besides, a transparent system on blockchain Ethereum technology can guarantee the trust of all records so that authenticity can be ascertained without forgery.

When the IP is stored on the NFT, the owner of the original IP will receive the license prize as a royalty fee. That will be used as part of the NFT trading price agreed between the seller and the buyer of the NFT. Revenue from the sale of luxury items designed by IP owners will be given.

The project will overall enjoy the benefits of the IP owner through the licensed program that is run. The use of NFT will be one of the applications of blockchain technology to facilitate transactions. When NFT becomes more popular and unique, it will become a design attached to the NFT. With its uniqueness, it will increase the likelihood of buyers’ interest to create more value for IP owners.

What is the use of CIPX?

As a platform that adopts blockchain technology, Colletrix uses CIPX tokens as cryptocurrency. CIPX, as a utility token, can be used to purchase merchandise in the NFT trade. CIPX can also be used for other platform payments, including trading fees and license fees that will be given to the original owner. It became one of the facilities of Colletrix that distinguishes it from other platforms.

CIPX can be used for payments for NFT priority purchases. It can be used over time as a form of increasing diversity of NFT models and collectibles. Furthermore, NFT can also be used as an element of pay to play gamification. Colletrix will be a safe and reliable platform for implementing technology using a blockchain basis.

Consumers Can Buy Customized Products

One feature provided by Colletrix is that buyers can buy products that are tailored to their wishes. This feature allows buyers to customize and obtain the desired item with the customized design. It can make you get unique digital tokens with collection values.

You can choose your number and then make customizations. To convince consumers about the authenticity of the product purchased, blockchain technology is used. IP creators can also check the performance of goods in real time with accurate numbers and can be verified against them. With that, the owner can get more income and recognition when products and tokens are traded in the market.

Why Colletrix Platform?

You might need to be convinced to be able to join the leading platform with blockchain technology. Currently, the use of blockchain technology has become a breakthrough in the world of technology. The digital transactions must be developed to supported by a more sophisticated and safe system.

Colletrix develops it all with blockchain technology and applies a high level of security to protect every user. The system applied is also able to provide benefits to IP owners and all parties involved in transactions in the ecosystem. The use of cryptocurrency also makes transactions can be done quickly.

Blockchain technology offers a system with high transparency so that it can provide trust to its users. The use of tokens for payment also helps everyone to transact safely and securely. Every transaction and income can be seen in realtime so that it can increase convenience. You can visit the official website of COlletrix to get the latest information.

How to buy Colletrix?

Colletrix initially offered UNDONE watches to be paired with unique brand designs from partners owned at colletrix.com. That is still the first step to unlock the platform. In the future, Colletrix will introduce additional types of merchandise that can be collected. The variety of other items that can be obtained can vary from the world of sports, entertainment, and partnerships.

All items that can be purchased on the platform can be achieved with more partnerships for IP owners and traders. Merchandise can be purchased using CIPX as a token used in Colletrix. Besides, transactions can also be done with well-known digital currencies such as Bitcoin and Ethereum. Special purchases with CIPX allow buyers to get more discounts compared to other coins.

In addition to the marketplace, Colletrix’s initial plan was to collaborate with UNDONE in creating a market for first-hand merchandise. UNDONE sales will be adjusted to the watch paired with an NFT containing IP. The watch will be sold on the UNDONE and Colletrix sites, also called the Merchandise Marketplace. Customers can purchase merchandise using CIPX. In the future, the business model will continue to be developed for other collections.

Let’s Join Now with Colletrix

You can join by participating in the sales token. It will take place as scheduled. You can get the latest information through the website or interact on social media. You also need to get the latest updates on data to be able to participate on time. Everyone can join in every essential role in the ecosystem. When you want more opportunities, you can become an IP owner and create new merchandise.

The Colletrix token sales have a target of up to the US $ 7,000,000. For private sales rounds, US $ 5,000,000 or CIPX 500,000,000 is available. The IEO round will be available up to US $ 2,000,000 or CIPX 200,000,000. Tokens for sale will range from CIPX 700,000,000. Colletrix will provide 7% for public floats with the individual US $ 5,000 stamp. The oversize adjustment option is in the amount of 12% of the total allotment or CIPX 500,000,000. Private round & IEO vesting period after T + 3 release by 30%, after one-month release 30% and after three-month release by 40%.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

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By admin • Blockchain Technology 80 • Tags: business, CIPX, information, Merchandise Marketplace, NFT, payment, Social Media, technology, token, UNDONE

May 22 2019

Harmony: a Breakthrough platform for a better future

The emergence of bitcoin in 2008 has brought various changes in the world of blockchain technology. After the rise of bitcoin, the concept of blockchain has spread across the globe. With the popularity of bitcoin from year to year, automatically many people also find out the idea of blockchain, which is the supporter of the cryptocurrency.

To be reminded, bitcoin appeared in 2009 where there was someone named Satoshi Nakamoto, and many people claimed he was the one who discovered the digital currency. Bitcoin is the first digital money that is implemented, and then, the other cryptocurrency appears.

The bitcoin blockchain is created as a peer-to-peer payment system that makes it easy for users to make transactions because the system is decentralized. In other words, when someone makes a purchase or payment using bitcoin, there is no intermediary to complete the transfer of value. Unlike current transactions, there are conventional banks that are intermediaries between senders and recipients who make operations run longer than using bitcoin.

It should be noted that cryptocurrency is one of the blockchain representations whose presence and the impact can be enjoyed directly by the wider community. It is not without reason why many people invest their money on cryptocurrency because the blockchain system offers advantages that are not found in other systems.

The advantage offered by the blockchain system is a distributed storage system. Blockchain can be said to have no loopholes for failure because data storage is scattered in devices whose networks are spread. Besides, the data storage network can replicate and store copies of the database so that security is also very tightly maintained. Unlike storage systems found in conventional banks whose data is stored only in one center, which is very vulnerable to attack so that when the order is hacked, the data will be more easily spread.

Another advantage is the cost savings when using the system. In transactions or payments made via the blockchain, there are no third parties involved in the transaction. Conversely, every transaction that is carried out only involves related parties. It is because every person or user has access to the same single data permission. Of course, this saves costs for almost all businesses because they don’t need to recruit intermediaries.

Blockchain is a system that has a lot of potential going forward so that it can still be explored to be better. One of them is when, in 2014, Vitalik Buterin developed a new blockchain infrastructure called Ethereum. Ethereum is almost similar to the blockchain that relies on peer to peer networks intending to make Ethereum a smart contracts platform.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Scalability as the problem

When ethereum was developed, it was found that no solution could solve the problem of the previous infrastructure. The problem in question is about scalability, where ethereum fails to support high-throughput applications such as decentralized exchanges.

With the obstacles that occur, improvements are, of course, continuously carried out to get a system that can improve the precise application. Many blockchain projects have sprung up offering solutions that are claimed to enhance the quality of operation such as replacing Proof-of-Stake (PoS) consensus Proof-of-Work (PoW) and several other projects that unfortunately cause significant performance. In fact, among the plans, the security and decentralization aspects were ignored.

Until the first public blockchain appeared and claimed to be able to overcome the problem of scalability by using sharding. The blockchain is called Zilliqa. But Zilliqa stumbled by two issues that made him fail to offer a solution. The first is that Zilliqa does not share storage on blockchain or sharding data. The second is that Zilliqa relies on Proof-of-Work, which can cause him to be sensitive to single-shard takeover attacks.

With all the projects that have been tried and the claims of each party that carried out the plan that they have found a perfect solution to the problem of scalability, in fact, nothing has been said to be successful or even close to solving the problem.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

Harmony is the answer.

Scalability is certainly still a problem even when the blockchain was first created. Many parties are curious to provide solutions to the issues that can be said to be one point of the blockchain weakness. But it seems that the presence of this one blockchain answers anxiety about scalability. It claims to be the next generation blockchain based on sharding that has been tested to be safe, energy efficient and is undoubtedly fully scalable. The generation of this blockchain is named Harmony. Let’s find out more about Harmony.

Harmony comes as a response to the problems of the previous blockchain infrastructure. Harmony comes by combining the results of the best research that has been done before, and the system practices that are adjusted optimally. The notion of Harmony one itself is an open consensus platform which will be expected to become a driver of a decentralized economy in the future. Unlike the previous blockchain platform, Harmony offers a platform with low-latency, high throughput, and low cost.

As the name implies, which is Harmony, this platform is undoubtedly expected to be a platform that unites all needs and becomes a harmonizer for many people’s lives. This platform can be a consideration for people because Harmony does not only offer a blockchain whose scalability problems are solved but also becomes an infrastructure that can later be a place to build various types of applications that require high throughput and decentralization. Applications that can be made on Harmony one are games, decentralized applications, to the AI data market. All of that can be realized thanks to the presence of Harmony.

Harmony has stated that its platform not only resolves scalability issues but also the number of nodes participating in the network of decentralized nodes. Some of you might be curious about how Harmony handles the issue of scalability and what approach the platform does so that the problem can be resolved. So the answer is Harmony using a sharding-based consensus protocol that is adopted, which scales according to the number of nodes that are increasing in the network. That makes Harmony different from other blockchains. Harmony cares about the number of nodes participating in a decentralized blockchain network.

When talking about the technology used by Harmony, another reason why Harmony is the answer to people’s anxiety about the issue of scalability in the blockchain infrastructure is that Harmony believes that maximum optimization is needed that crosses several layers to complete scalability. That is why Harmony takes an approach by applying innovation in networks, systems, and consensus algorithms that are done ten times than what is usually done.

Harmony chooses sharding and pipelining designs because they can effectively handle connection latency and allow throughput to scale to the size of the harmony network. To get a broader range of devices participating in a more decentralized system, they also widened mission lean kernels explicitly made to run their protocols. The way it works is by increasing CPU performance and security.

With the explanation is given about Harmony starting from the issue of scalability to the technology developed and run by them, it seems very appropriate to choose Harmony as a blockchain platform that can support a decentralized economy. It is seen that Harmony is not only a project created only to solve the issue of scalability but also bring the blockchain to a more advanced era.

The breakthrough offered by Harmony

As a platform created to become the next generation of blockchain, Harmony certainly offers breakthroughs in several aspects that are expected to be maximized well to achieve a radically good economy. The following is a breakthrough made in several aspects:

a. Fully Scalable

Harmony’s first breakthrough is on the element of scalability. As we have already known, the issue that is being sought out is the scalability. What makes Harmony is a fully scalable blockchain is the fact that it shards the blockchain states, unlike the previous blockchain which claimed can handle the scalability issue.

b. Secure Sharding

The second breakthrough is safe sharding. One way to solve the issue of scalability is by sharding. Sharding is creating many groups of validators and making them conduct transactions simultaneously. It certainly requires a secure system to process transactions simultaneously, and Harmony has proven that the process of sharding in their platforms is safe due to distributed randomness generation or DRG processes. The function of this DRG is to make the sharding process unpredictable, unbiased, valid, and last but not least scalable.

c. Efficient and Fast Consensus

The third breakthrough that Harmony made is a practical and fast consensus. Harmony Consensus is dynamic because it uses Proof-Of-Stake or PoS, which provides the advantage of saving energy. Whereas the other blockchain uses PoW, which requires them to choose a validator.

d. Adaptive Threshold PoS

The next breakthrough is an adaptive threshold PoS. In this aspect, so that a node can join the network, a bet threshold is adjusted based on the total bet volume. This method is done so that the malicious stalker cannot concentrate on one shard.

e. Scalable Networking Infrastructure

The next breakthrough is scalable networking infrastructure. In this aspect, Harmony uses an Adaptive Information Spreading Algorithm whose function is to spread blocks quickly in fractions or across networks. As for achieving an algorithmic scale cross-shear transaction with a specific amount, Harmony uses the adopted Kamdelia route.

f. Consistent Cross-Shard Transaction

The last aspect of making a breakthrough is regular Cross-shard transaction. In this aspect, the factor that influences the consistency of cross-shard operation is the atomic locking mechanism used by Harmony.

Those are some of the breakthroughs made by Harmony in several aspects of the blockchain. The innovations presented by Harmony are undoubtedly able to provide applications that were previously not feasible on the blockchain to be something that can support a newly emerging decentralized economy. Increasing the trust of billions of people is one reason why Harmony made innovative breakthroughs.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

Sharding and Consensus

Consensus protocols are a vital element of each blockchain because it plays a role in determining how safe and fast blockchain validators one is to be able to reach consensus on the next block. The commonly known consensus protocol is Proof-of-Work, which is used for cryptographic solutions. Whereas the other consensus protocol, Proof-of-Stake, was used by Harmony as the basis for the selection of the Harmony consensus Validator.

A little explanation about sharding, scalability is an issue of concern in the world of blockchain technology. Every new project that will be launched tries to solve the problem by claiming to have found the answer. But, when Zilliqa, which is the first sharding-based public blockchain, appeared and claimed to have found a solution, the solution offered was not proven to solve the issue of scalability. It should be noted that the issue of scalability is not only a concern for those who work in the blockchain industry but also those in the academic world. This issue has attracted a lot of attention since 2017.

Describing sharding as a solution to scalability problems, before claiming to have found a solution, Harmony has tried various approaches to assign nodes to fractions which of course have been proposed first. Portions referred to are random-based sharding, location-based sharding, and centrally controlled sharding. After going through the process of this approach, it was found that randomness-based sharding was the safest and most recognized solution.

To determine sharding tasks on each node, a mutually agreed random number is needed, and the number must have several properties. Among these are random numbers. Which means that no random number can predict before it is produced. Other features are unbiasable, which means that there should be no bias by any participant when the process generates a random number running. The third property is valid. The meaning can be verified is the observer can verify the validity of the random number generated. Last but not least, the previous property is scalable. Randomness generation algorithms must scale a large number of participants.