Colletrix is backed by a talented team from UNDONE

Original IP creators typically lose out when their IP gets transferred or sold. Consumers still need to verify collectibles they buy using archaic methods.
Colletrix tokenizes the IP of artists into a digital asset, allowing them to earn revenue each time the token is traded. Consumers can verify the authenticity of their collectibles via token information stored on the blockchain.
Colletrix is backed by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator. The Project aims to revolutionize the ownership of IP by introducing protection and perpetual value for IP owners through tokenization, while providing merchandisers and consumers with trust in the authenticity of their purchased products.
UNDONE will bring its merchandising expertise to showcase the benefits of blockchain technology for merchandise products, Animoca Brands will introduce its vast network of IP owners and blockchain and gamification technologies, while Future Arena will leverage its strong portfolio of of sports and entertainment IPs — all to create a vibrant ecosystem of IP creation, trading and physical merchandising using blockchain technology.
In 2018, UNDONE joined the Bitwork Accelerator Program that aims to support projects with adopting blockchain technology into their business, and now Colletrix will work with Bitwork Accelerator to launch the Project and provide new market value for all Ecosystem stakeholders.


Colletrix technology


ERC-721: Colletrix uses the ERC-721 protocol for its non-fungible token (NFT). Each NFT represents a unique IP. The ERC-721 tokens are visible on the Ethereum blockchain, one of the largest public chains in the world.
Blockchain: Blockchain is a cryptographic tech solution with low costs, high security, decentralization and no trust involved. With NFT information and transfer records immutable and transparent on the blockchain, everyone can freely track data and rest assured knowing they are untampered with.
Ethereum Smart Contract: The Ethereum blockchain enables smart contracts, which can store important information about a digital asset as well as allow automatic executions based on if-then conditions coded into the contract. With smart contracts, we can set limits on the number of times an IP NFT can be made into merchandise, and also ensure that original IP owners get a licensing fee from each NFT trade.

Token Info

Colletrix will be issuing its very own ecosystem token, the Colletrix Token (CIPX). CIPX is a cryptocurrency supported by the Ethereum network with the ERC-20 standard. Hence, all CIPX-relevant records can be viewed by using Ethereum explorers. As a trading cryptocurrency, CIPX can be used in multiple situations, but it will be primarily and initially utilized to purchase the NFTs issued through the NFT Marketplace.
  • Token Name: Colletrix
  • Symbol: CIPX
  • Platform: Ethereum
  • Type: ERC721 IEO total value US$ 50,000,000
  • Total token supply 10,000,000,000 CIPX
  • Price per token US$ 0.01
  • Initial token pairing BTC ETH
  • Target token sales US$ 7,000,000
  • Private sales round US$ 5,000,000 (500,000,000 CIPX)
  • IEO round US$ 2,000,000 (200,000,000 CIPX)
  • Token for sales 700,000,000 CIPX
  • Public float 7%
  • Oversize adjustment option US$ 5,000,000 (500,000,000 CIPX) (12% of total allotment)
  • Individual Minimum Cap US$ 100
  • Individual Cap US$ 5,000
  • Private Round & IEO Vesting Period: After IEO T+3 release 30% / after 1 month release 30%/ after 3 months release 40%

More Informations

Author: johnthedon
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087
0x0e68cb986BD9Bfa6bFC2Ea8B16BDFA3Ec57C9D8E

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