Everyone who does the business needs to enhance their system. As a result, technologies are here to help them for sure. One of the technologies examples is the use of tokens to create the easy transactions in business. At this point, there is a platform which offers the help to build a great market. Indeed, it is Open Collectors Network who allows everyone can seamlessly own, create, customize, interact with and trade individual tokens, on an open market, based on existing standard specifications. The purpose of this platform is to create the first decentralized platform which facilitates storing and interacting with non-fungible tokens to things like shops, products, art, carts as things that can be categorized. Consequently, if you are curious about what Open Collectors network really are, then check its features below.
Features of Open Collectors Network
1. Works Based on Token
As described before, Open Collectors Network is a platform to use individual tokens to run a business. This will make the things easier as tokens used for the transactions. In fact, it supports your finance and create the secure transactions for sure. Also, it uses the ERC20 utility token, the ECTO that works based on Ethereum network, especially with regards to the creation and trading of unique items. You can also check on Korona Coin, Integrated Payment Framework for Online Business
- Total tokens: 150,000,000 ECTO ( 100,500,000 public; 2% bounty + 65% sale )
2. Based on Blockchain Technology
We know that IT industry use this technology for the companies. Indeed, it is due to the benefits of this decentralized system to create the secure in business. In the same way, Open Collectors Network does it, too. It is work based on Blockchain Technology to support their business system. It works to build a collection of objects with different attributes by using libraries which provide specialized collections (think C++ Boost, .Net C5 etc). By having this decentralized system, it provides security, transparency, trust and the ease of attaching monetary value to something (virtual currency). You can also check on What is Blockchain Technology? A Step-by-Step Guide For Beginners
3. Provides Transparency and Trust
To give the best service, then Open Collectors Network provide transparency and trust while making the transactions. They actually use the Smart Contracts to give the transparency and accountability. It will be very good to secure the trading, selling, and royalties. In this case, the user will get full control of funds to withdraw his profit share, to his wallet where he holds his ECTO tokens, at any time. Moreover, it has no hidden fees and no withdrawal fees as well. By doing this, it will allow the company with unique products, user, and services can get the benefit in the economy for increasing the trust of customers. Then, you don’t need to worry to have Open Collectors Network as it provides the best thing in the system.
4. Discounts for Having ECTO Tokens
The next great feature Open Collectors Network has is the discounts. It will provide the discount if you are having more tokens in your wallet. Also, periodical rewards and the fees collected in ECTO will be redistributed periodically, as rewards for our users, according to a specially designed proof-of-stake algorithm which takes into account relative activity on the platform and also the amount of ECTO tokens you are holding. As a matter of fact, Open Collectors Network 13% of total ECTO supply, to be used as incentives for attracting strategic partners to our platform and accelerate our growth, with special terms and conditions to be applied.
5. Provides Virtual Object Marketplace
The ability of Open Collectors network to storing things is awesome. In fact, it allows the content creators to create the virtual object marketplace as well as providing the digital assets within the game development. As a result, it allows the game developer to sell their creations or use those creations for further game development. Excellent, isn’t it?
To conclude, Open Collectors Network is the first decentralized platform which facilitates storing and interacting with tokens. By having this platform on your business, then it will help you to provide secure, scalability, easy transactions, and other advantages as well.
OFFICIAL SITE: https://opencollectors.network/
ETH ADDRESS: 0x05EdcD4a58624aa45b6f3d788D1dA02595C96c48