May 29 2019
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.
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?
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.
Posted by: kurniawan05