WEBSITE - http://epiktoken.io/
INTRODUCTION
The greatest and most socially significant achievement in the last few decades is the Internet without it already difficult for us to imagine today. You can treat this differently, but humans really experience the transition between our real world and the created digital world. Communication, entertainment, shopping at online stores. And the relatively new direction but is growing very fast is the purchase of virtual goods, items that are not in real life, only in the digital world, but it's important for consumers to spend most of their time on the Internet. Over the last decade, the sale of virtual goods has exploded alongside the exponential growth of social media and gaming. The result is a multi-billion-dollar marketplace for products that, technically speaking, aren’t real. The money, however, is very real, with recent estimates putting the annual revenue of virtual products at more than $15 billion. Virtual goods can be anything from digital stickers for use in messaging apps to outfits for your avatar to extra lives in a digital game.
This entirely new product category has come about as part of the move to a “freemium economy” where consumers expect to get the services they want – everything from news to a mobile game – for free. Companies still have to pay the bills though, and so they’ve gotten creative in terms of monetization. The traditional approach has relied on advertising, but for many digital companies, in-app purchases of virtual goods offer a new way to keep the lights on while actually enhancing the user experience.
For many people, what are known as massively multiplayer online games have become significant sources of income.Web sites have sprung up that allow players to use cryptocurrency to buy items — like weapons or real estate that they may want or need for the games.
Games like Second Life, World of Warcraft, Ultima Online and dozens of others offer the opportunity to interact with thousands of players worldwide in virtual environments that continue to exist whether or not any particular person is playing at the moment. It will come as no surprise that, as with most new trends, younger consumers are driving the growth of virtual goods sales. Additionally, the market is much more mature in other regions of the world than it is in North America at the moment, particularly in Asia. Entering the virtual goods marketplace provides a new avenue for brands to reach these two highly desirable demographics and can also present a relatively low-risk way to test out new markets.
And the fact that the products don’t actually exist is an advantage in and of itself. This merchandise isn’t restricted by the physical limitations of the real world. Gone are the time and financial constraints of product development and supply chain concerns. In many cases the platform or developer will do the work of creating the virtual good themselves, all the brand has to do is approve.That’s because, for these digital platforms, virtual goods have become an essential way to not only make money, but to introduce new content that maintains engagement among users.
EXISTING PROBLEMS
The problem with creating a thriving, branded virtual goods marketplace is fragmentation. Today, digital platforms operate as closed-off ecosystems and brands are fragmented operating in silos with little accessibility. Additionally, when considering licensing agreements, each brand juggles considerably different brand objectives such as geographical location, demographics, licensing fees, marketing power, and attractiveness.
VISION & MISSION BLMP
BLMP ( Blockchain Licensing Marketplace ) is a B2B2C blockchain company processing B2B2C transactions and providing value through efficiency, traceability, and security. BLMP is pioneering licensed virtual goods and the mission of BLMP is to connect the intellectual property licensing industry with digital platforms. BLMP leverages crypto-token technology built on blockchain as a means to very easily produce and exchange liquid value in digital ecosystems.
BLMP SOLUTIONS
BLMP is solving this complex business problem by creating a vast collaboration network of global brands and digital platforms to facilitate the licensing process. BLMP is uniquely positioned for growth because of relationships with established licensing companies such as Evolution and BDLabs with a combined total of over 1,000+ clients, partners, properties, and brands. The Epik token powers BLMPs B2B blockchain licensing platform and is used by consumers to acquire branded virtual goods.
Finally out of stealth, BLMP has been working hard pre-launch and within 3 months the over-achieving startup has created a fully functioning product, gained tons of traction ( 1,000+ brands, millions of monthly active users ), and has a revenue model that works
FOR BRAND
Brands will be able to scale and expand their reach with a better control over partnerships while they will also have the ability to gain granular insights which was not possible previously.
BLMP will be able to develop a network where brans will be able to easily follow intellectual property indefinitely and it will be on the blockchain.
FOR DIGITAL PLATFORMS.
When digital platforms join BLMP, there will be a total creation of freedom over digital ecosystem which has no restrictive or long-term licensing contracts.
Digital platforms will be able to pick and choose proposed licensed virtual goods which will be able to determine the right to properly fit their digital ecosystem.
FOR CUSTOMERS.
The innovative will help customers benefit from companies by joining the BLMP network. The adoption process will be made easy as the account will only need to be managed by one account which will be within the digital platform that they choose.
AN OVERVIEW OF THE EPIK TOKEN.
The facilitation, creation, distribution and the sale of licensed virtual goods will be used for EPIK utility token.
The use of the EPIK tokens will be used for transactions, and this is to be able to enable brands, digital platforms and consumers that will be able enable brands, digital platforms and consumers to track every purchased license.
BLMP PLATFORM (AIR).
The position of BLMP is to be able to dominate players in the business blockchain ecosystem.
Here are some basic air technical components.
- The establishment of ethereum smart contracts on the ethereum main net.
- The presence of an off-chain application in order to facilitate short term license for collaboration.
- The provision of proprietary wallet for the simple integration with the availability of a digital platform which will be designed for the easy adoption for every user.
AN OVERVIEW OF THE EPIK TOKEN.
The EPIK token is an ERC-20 utility token properly integrated into the air system. It has several functions in the B2B and B2B2C contexts ;
- A certain amount of EPIK tokens are usually spent on the creation of the proposal between brands and digital platforms. This act of consuming a nominal amount of EPIK tokens during the creation of proposal, will help to reduce an unnecessary spam network.
- To act as a medium of exchange between transact process changes in the ownership of virtual goods.
- It will act as a medium of exchange to be able to transact customer purchases of virtual good items.
- It will act as a medium of exchange that will compensate royalty splits between brands and digital platforms.
- It will be able to give users an off discount of their purchase.
- It will be able to give users a preferred or a special access to virtual goods.
- The total amount of EPIK tokens consumed for the creation of item proposals will be burned quarterly.
ANALYZING EPIK WALLET.
These wallets which are proprietary software wallets will be used to manage ERC-20 EPIK tokens and an ERC-721 tokens which will represent a unique licensed virtual good item.
The EPIK wallet will be a very secure one where users alone will have their private key.
ADVANTAGES OF BLMP.
- BLMP holds a unique position which is to be used as a measure for other projects on the blockchain.
- BLMP hopes to be of a great benefit to the entire business blockchain ecosystem, where documentation, sharing and publicity of works will be done.
- The platform is scalable.
- The issue of confidentiality will be resolved.
THE SUMMARY OF EPIK SALE FOR BLMP NETWORK.
- Hard cap will have 38K ETH (38,000 ETH).
- The total supply will be 200M (200,000,000).
- The bonus for invitation will be 20%.
ALLOCATION OF TOKENS.
- 50% will be for token sale event.
- 35% will be for brand and digital platform grants, the development of ecosystem and infrastructure.
- 15% will be for the project advisors and the employees.
HERE IS THE WAY PROCEEDS WILL BE USED.
- 50% will be for technology.
- 30% will for the partnerships of sales and marketing.
- 20% will be for overhead and administration, legal and accounting as well.
TEAM EPIKTOKEN
For more details about our ICO you can also visit our website address below from me and thank you :
- Website : https://www.epiktoken.io/
- Whitepaper : https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
- Twitter : https://twitter.com/epiktoken
- Facebook : https://facebook.com/EpikToken
- Telegram : https://t.me/EpikToken
- Medium : https://medium.com/@BLMPNetwork
- Ann : https://bitcointalk.org/index.php?topic=4473798.msg40143678#msg40143678
Article Writer : Epengcupeng12
ETH : 0x9A131b646dE6c83Ffd5703ebFf9Ac03869357E61
