What is EPIKTOKEN Project?
What is EPIKTOKEN Project?
Epik Token is the utility token used in the, Blockchain Licensing Marketplace (BLMP) which connects global brands with digital platforms to generate increased revenue, reach, and scale previously unimaginable.
EPIK token powers BLMP, the world’s first B2B2C blockchain solution for officially licensed virtual goods. We have been working hard to create a fully functioning product, gaining 1,000+ brands and millions of monthly active users in just under 3 months. A unique feature of this token sale is Collectible Token Rewards – considering we have the main author of ERC-721 on our team and we specialize in ERC-721 collectibles, we thought it would be cool to reward purchasers with collectibles that grant special abilities.
EPIKTOKEN Solution
The ideal solution is to create a platform that empowers customers and gives them the ability to purchase licensed virtual goods online for the same reasons that they make purchases in real life which is to establish status, identity, membership, class and performance.
Additionally, the ideal solution should be able to also facilitate the customer transactions when customers purchase the items to ensure fair compensation between the IP holders and digital platforms involved in creating the item. As the items are sold, the profits should automatically be split based upon predetermined licensing agreements.
Such an ideal solution would expect to create explosive growth in the virtual goods industry. Currently, BLMP believes there is too much friction surrounding deals between brands and digital platforms in the form of inefficient processes, legal paperwork, trust, accountability, and transparency.
BLMP (Blockchain Licensing Marketplace) is a blockchain technology company solving this very complex B2B2C problem by enabling all parties involved to have complete trust within the BLMP network. BLMP is developing the world’s first B2B2C virtual goods marketplace that covers the virtual goods retail supply chain including the creation, tokenization, and provenance of licensed virtual goods.
Brand
By joining the BLMP network, brands can scale and expand their reach with better control over their partnerships while gaining granular insights that were previously impossible because of the lack of transaction transparency and traceability. BLMP intends to develop a network where brands can easily follow their intellectual property indefinitely on the blockchain all the way from product creation to eventual ownership to resale markets.
Digital Platforms
For digital platforms, joining BLMP means keeping total creative freedom over their digital ecosystem with no restrictive or long-term licensing contracts. Digital platforms can pick and choose and only propose licensed virtual goods that they determine would be the right fit for their digital ecosystem. With this flexibility, digital platforms can expect to keep their existing revenues, get help with user retention, and gain additional income from licensed products for sale whenever they choose.
Customers
Customers benefit from companies joining the BLMP network because adoption becomes simple as they only need to manage one account which can be created within the digital platform of their choice without the need to fully understand crypto wallets. Customers can choose their favorite digital platform to create their account and then have access to that account across all other participating digital platforms. But more importantly, customers benefit because they get the freedom to purchase the things that they already love, everywhere.
EPIKTOKEN OVERVIEW
The EPIK utility token will be used to facilitate the creation, distribution, and sale of licensed virtual goods. By leveraging the technology of blockchain, brands will be able to distribute their virtual goods through a network of virtual economies with digital platforms acting as retailers. By using the EPIK token for transactions, we intend to enable brands, digital platforms, and consumers to track every purchased licensed virtual good indefinitely with full transparency. This establishes uniform trust between all parties involved. Once both the brand and the digital platform come to agreement, smart contracts are created to automatically manage the creation, tokenization, distribution, and transactions of these virtual goods items between all parties.
Token: EPIK
Token protocol: ERC20
Token supply: 200,000,000
Token price: TBA
Tokens sale date: 01 August 2018 – TBA
Accepted payment methods: ETH, BTC, BCH, LTC
Hard Cap: 38,000 ETH
For more information:
Website: https://www.epiktoken.io
Whitepaper: https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
Telegram: https://t.me/EpikToken
Twitter: https://twitter.com/epiktoken
Facebook: https://facebook.com/EpikToken
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373