StopTheFakes is a blockchain-based decentralization service that aims to detect counterfeiting and counterfeiting of intellectual property rights created by the Smart Ethereum contract platform. Blockchain technology has been implemented using open source licenses. This project has its own token, which is the only payment method in its framework.
Our basic idea is to build a truly transparent and reliable system that can transfer data from users to rights holders. We take responsibility for providing the necessary infrastructure and gather those who want to learn about any violation of their rights and who can provide them with information because of their geographic location or other factors. We are responsible for ensuring that clients reward service providers and maintain their compensation as commission fees.
The evidence issued by us will be the only means of payment that customers will purchase for compensation purposes. Their quantity is limited, and Blockchain's core technology provides protection against counterfeiting. The Ethereum Smart Contract ensures commitment commitment is accomplished.
How does it work
The table above shows some points that may not be immediately apparent, but it is important to understand the internal structure of the project.
They configure the HS system, the number of hash files received by the incoming Alert Manager, which records not only their number, but also the size and name of each file for additional registration and comparison purposes.
In addition, the Doer module configures the block to be sent to Blockchain, which contains the following information:
Date and time of registration; date and time of delivery; Coordinate GPS violations; Doer ID; Request ID; HS entry and more.
We use CIP (inter-planetary file system, targeted content, peer-to-peer hypermedia communication protocol) CIP network node generates file system distributions to store large amounts of data.
This architectural solution will help reduce transaction costs while working with the StopTheFakes.IO distributed service
An internal billing system has been developed to make external payments and allow actors and actors to create sub-portfolios. As a result, one click will be enough to audit payments and internal transactions by referring to Smart Contracts made in ethereal Blockchain.
Token
Tag tokens are made to ensure full service functionality. We intend to use existing ether blocks; There is no plan to create its own blockchain The Smart Contract protects the services against unauthorized access, fraud and other illegal interventions.
STF is a functional token designed specifically for use on the StopTheFakes.IO platform. In other words, it allows participants on the StopTheFakes.IO platform to receive and send signals that inform violations.
A total of 29 million chips will be issued. Repeated or additional entries are
no
Exchange rate: 1 Ethereum = 520 STF coins
Distribution of issued tokens:
Function
The main purpose of the token is that the applicant pays the services of the actor
Commission fees, tokens are also required to access big data.
Token turnover
STFCoin is the only internal payment method for this service, and applicants need to receive warnings about rights violations and to obtain additional services, including access to big data data analysis. In light of this, we propose the following.
STFCoin will be available for purchase both in the service (via Coinbase) and on a number of stock markets (eg, Bitfinex, Poloniex, Kraken, etc.). At the same time, the nominal fees in the service do not will not be different and will be in accordance with the cost of the scholarship.
Instead, seafarers who have received compensation for alerts will also get STFCoin so he can then redeem him on the stock market or in the service.
The growing number of callers and alerts from players will lead to further growth in the demand and growth of STFCoins that will increase revenue tokens at each step indicated in the table.
Sales Tokens
Token will be sold during pre-ICO and ico. No limitation imposed
Buy STFCoin.
STFCoin tokens will be sold for Ethereum and Bitcoin (ETH, BTC).
Pre-ico
Start date: 21 November 2017 (12:00 hours NYC time, UTC-4) End date: December 20, 2017 (12:00 pm New York time, UTC-4) The number of available chips: 1,305,000Currency Received: ETH, BTCToken exchange rate: 1 ETH = 520 STFcoinsMinimum transaction amount in ethereal: 0.1 ETHMinimum transaction amount in Bitcoin: 0.01 BTC
Spent the funds collected in pre-ICO and ICO
Monetization and service economy
The monetization of the services will be carried out by charging the commission commissions on the remuneration of the authors by the applicant. As the service develops, the new services will be sold to the applicant or other interested parties. The first service is access to the large data processed or processed by the previously processed large data.
Service charge
Marginal minimum price of an alert sent by Doer to the requester entered
The response to Alert is set to 30 STFCoin.
The maximum marginal price of an alert is set at 200 STFCoins.
The depositor may determine the amount of the remuneration at his discretion
However, without exceeding stable marginal prices. This can not be higher or lower.
The Commission charges billed by the service vary between 15% and 25%, depending on the subject of the application and how to record the violation.
Commission fees are deducted from the remuneration offered by the depositor. To receive an alert, the applicant must deposit it in the account services of the amount recorded (in STFCoins) equal to the salary and cost of the Doer Commission.
It seems from this calculation, even though the STFCoin level exceeds the projected value, noting violations of their rights would hurt the right holder less than the price they are now paying.
For more information, you can see their project link below:
WEBSITE: https://stopthefakes.io/
WHITEPAPER: https://stopthefakes.io/docs/WP_En.pdf
ETH: 0x64947F03e8d6C2dC65e9F4e87cFc651d1fadd82D
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