COLLETRIX: BRIDGING THE PHYSICAL AND VIRTUAL WORLDS, REVOLUTIONIZING THE IP INDUSTRY VIA TOKENIZATION

INTRODUCTION

Since the development of blockchain technology, and since the CEO of bitcoin "Satoshi Nakamoto" presented bitcoin, there have been thorough endeavors to apply the blockchain to a few parts of the worldwide business process, Blockchain technology has been depicted as having the capacity to disturb numerous ventures with ease exchange, changelessness, and upgraded security. In the years that have pursued, numerous other blockchain executions have been created with every one displaying one of a kind highlights custom fitted to explicit use-cases.

Blockchain has made it conceivable to issue pretty much any benefit through a disseminated record structure. With the guide of cryptographic money tokens, these benefits can be given financial incentive so as to start and approve a few value-based procedures. A few on-chain conventions have been created by various new businesses and set up organizations alike so as to make blockchain-based arrangements.

As progressively mechanical advancements are revealed, Colletrix, one of the world's first non-fungible tokens (the "NFT") expects to alter the responsibility for by presenting assurance and never-ending an incentive for IP proprietors through tokenization, while giving merchandisers and buyers trust in the credibility of their bought items went ahead board.

WHAT IS COLLETRIX ALL ABOUT?
Colletrix is backed by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator. 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.

HOW IT WORKS
Colletrix utilizes blockchain technology to secure licensed innovation (IP) makers and confirm the credibility of product collectibles.
Unique IP makers commonly miss out when their IP gets exchanged or sold. Purchasers still need to check collectibles they purchase utilizing obsolete strategies.
Colletrix awards craftsmen the ability to tokenize their IP into an advanced resource, enabling them to all the more likely ensure their IP each time the token is exchanged. Purchasers can confirm the realness of their collectibles by means of token data put away on the blockchain.

CIPX TOKENOMICS
Colletrix will be issuing its very own ecosystem ERC-20 token, the Colletrix Token (“CIPX”). Uses include:

Crypto-exclusive special edition merchandise purchasing
Marketplace trading
NFT priority purchasing
Platform payment

THE TECHNOLOGY USED BY COLLETRIX

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 INFORMATIONS
Name Token: Colletrix

Symbol: CIPX

Platform: Ethereum

Type: ERC-721

Colletrix will issue its own ecosystem token, Colletrix Token (CIPX). CIPX is a cryptocurrency token that is supported by the Ethereum network with the ERC-721 standard. Therefore, all the transaction related to CIPX will be seen using the Ethereum browser.