General Overview of Colletrix Company

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Colletrix

Is supported by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator. The goal of the project is to revolutionize the ownership of intellectual property, providing protection and constant value for owners of IP through tokenization, while ensuring merchandisers and consumers confidence in the authenticity of their purchased products.

UNDONE will share its merchandising experience to demonstrate the benefits of blockchain technology for products, Animoca Brands will present its extensive network of owners of IP technology and blockchain technology and gamification, and Future Arena will use its extensive portfolio of sports and entertainment IP addresses - and everything for create a dynamic ecosystem of creating IP, trade and physical merchandising using blockchain technology.

In the future, in addition to its IP-based tokenization business model, Colletrix will explore the possibilities of redefining the market value of goods using basic authentication technology. With the integration of a digital asset and traditional goods, adding the value of a digital asset beyond the original collectible value of a commodity will result in a completely new collectible value of the commodity.

Colletrix

will study the development of NFT and new technologies that allow to verify the authenticity of goods, providing proof of ownership and authentication using the blockchain technology, which makes the fake completely impotent.

Through the Colletrix platform , we aim to create a new market value with the integration of tokenization of IP. With the introduction of NFT, we will combine the old economy and the new economy. Consequently, we will expand opportunities for all owners and creators of IP around the world to create a longer-term license for their IP6; and for merchandisers, we will offer them a new market value of their physical goods through the use of blockchain, maximizing the attractiveness and advantages of their products. The inclusion of NFT will stimulate the interest of collectors, giving them easy access to the cryptocurrency market and opening up new business opportunities, such as creating franchises.

Initially, Colletrix will work with UNDONE, Animoca Brands and Future Arena to develop a series of unique watches as a product and insert an NFC chip into them at the assembly stage. Each of these NFC chips will contain a unique private key and other information for purchasing the corresponding ERC-721 ( NFT ) token on the platform. After a customer has bought a watch, he can use the NFC reader on his phone to scan the watch and get the private key. He can then go to the platform to redeem the associated NFT (the rendered IP design) with the private key.

When a customer buys back NFT , he acquires ownership of the digital asset as well as the physical asset of the watch. All information about the owner is uploaded to the Ethereum network, where everyone can check the data. The owner can also view his visualized NFT(corresponding to the IP design of his watch) directly on the platform. The owner may decide to keep his NFT (for evaluation in case of a limited release of designer goods) or sell it on the NFT marketplace to another person. NFT can be bought both with CIPX and with other cryptocurrencies on NFTMarketplace. The initial owner of the IP design will receive a designated license fee as a reward for the trade and all subsequent NFT trade , which will be part of the trade price agreed by the seller and buyer of the NFT .

Colletrix

will release its own system token, Colletrix Token . CIPX is a cryptocurrency supported by the Ethereum network with the ERC-20 standard. Therefore, all CIPX-relatedrecords can be viewed with the help of Ethereum researchers. As a trading cryptocurrency, CIPX can be used in many situations, but primarily and initially used when purchasing NFTs issued via the NFT Marketplace.

Roadmap and Milestones

To get more relevant details from the Colletrix project or join social media and sales crowds, please follow some sources for the following references:

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

Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf

Facebook: https://www.facebook.com/colletrix.io/

Twitter: https://twitter.com/colletrix

Telegram: https://t.me/colletrix