StopTheFakes
is a Blockchain-based decentralization service that aims to detect
counterfeiting and infringement of intellectual property rights created
by the Ethereum smart contract platform. Blockchain technology has been
implemented using open source licenses. This project has its own token,
which is the only payment method in its framework.
Function
The main purpose of the token is that the Requestor pays the Actor services
commission fees, Tokens are also required to gain access to the Big Data.
Token Turnover
STFCoin is the only
internal payment method for this service, and Applicants need it to
receive Warnings regarding violations of their rights and obtain
additional services, including access to Big Data data analysis. In
light of this, we propose the following.
STFCoin will be
available for purchase both within the service (via Coinbase) and on a
number of stock markets (eg, Bitfinex, Poloniex, Kraken, etc.). At the
same time, the token fees in the service will not be different from and
will be in accordance with the cost of the stock market.
Instead, Seafarers who
have received remuneration for Alerts will also get it STFCoin He can
then redeem it in the stock market or in the service.
The increasing number of
Requestors and of Alerts derived from Doers will result in a further
increase in demand and growth of STFCoins which increase the turnover
tokens at each stage shown in the table.
Sales tokens
Token will be sold during Pre-ICO and ICO. No limitations imposed
buy STFCoin.
The STFCoin Tokens will be sold for Ethereum and Bitcoin (ETH, BTC).
Pre-ICO
Start date: November 21, 2017 (12:00 pm NYC Time, UTC-4)
End date: December 20, 2017 (12:00 pm NYC Time, UTC-4)
The number of available tokens: 1 305 000
Currency received: ETH, BTC
Token exchange rate: 1 ETH = 520 STFcoins
Minimum transaction amount in Ethereal: 0.1 ETH
Minimum transaction amount in Bitcoin: 0.01 BTC
Spent the funds collected in Pre-ICO and ICO
Monetization and Service Economics
Monetization of
services will be made by charging commission fees on the remuneration of
Perpetrators by the Applicant. As the service develops, the new
services will be sold to the Applicant or other interested parties. The
first service is access to large data processed or processed by the
previously processed Big Data.
Service fee
Minimum marginal price of one Alert sent by Doer to Applicant entered
Response to Alert is set at 30 STFCoin.
The maximum marginal price of one Alert is set at 200 STFCoins.
The applicant may determine the amount of remuneration at his discretion
However, without going beyond the stable marginal prices. This can not be higher or lower.
The commission fee
charged by the service varies between 15% and 25%, depending on the
subject of seeking and how to record the violation.
The commission fee is
deducted from the remuneration offered by the Applicant. For receive an
Alert, the Applicant must deposit it into the account services of the
recorded amount (in STFCoins) equal to the salary and cost of the Doer
commission.
It seems from this calculation, even if the STFCoin
level exceeds the projected value, noting violations of their rights
would harm the right holder less than the price they are paying now.
Our basic idea is to
build a truly transparent and reliable system that can transfer data
from users to rights holders. We take responsibility for providing the
necessary infrastructure and bringing together those who want to learn
about any violation of their rights and those who can provide them with
this information because of their geographic location or other factors.
We assume the responsibility of ensuring that customers reward service
providers and maintain their remuneration as commission fees.
The evidence issued by
us will be the only means of payment customers will purchase for
remuneration purposes. Their quantity is limited, and Blockchain’s
principle technology ensures protection against counterfeiting.
Ethereum’s smart contract ensures commitment commitment is fulfilled.
How it works
The table above
shows clarification on some points, which may not be immediately
apparent, but it is important to understand the internal structure of
the project.
They configure the HS
system, the number of hash files received from the incoming Alert Doer,
which records not only their number, but also the size and name of each
file for additional recording and comparison purposes.
In addition, Module Doer configures the block to be sent to Blockchain, which contains the following information:
Recording date and time;
Date and time of delivery;
Coordinate GPS violations;
Doer’s ID;
Request ID;
HS entrance and more.
We use IPFS (Inter
Planetary File System, a targeted content, peer-to-peer hypermedia
communication protocol IPFS network node generates file system
distributions to store large amounts of data.
This architectural solution will help reduce transaction costs while working with distributed service StopTheFakes.io
An internal billing
system was developed to make external payments and allow Actors and
Actors to create SUB wallets. As a result, one click will be enough to
audit payments and internal transactions with reference to the smart
contracts made in Ethereal Blockchain.
The Token
Etiquette tokens are
made to ensure full service functionality. We intend to use existing
Ethereal blocks; there is no plan to create its own blockchain The smart
contract protects the services from unauthorized access, fraud and
other illegal interventions.
STF is a functional token designed specifically for use on theStopTheFakes.ioplatform.
In other words, it allows participants on the StopTheFakes.io platform
to receive and send signals that inform violations.
A total of 29,000,000 tokens will be issued. Repeated or additional entries are
unplanned
Exchange rate: 1 ethereum = 520 STF Coins
Distribution of the tokens issued:
Roadmap
June 2016 The Idea of the StopTheFakes Project
September 2016 Service concept formation
December 2016 Copyright protection analysis
April 2017 Building token sale and blockchain development team
May 2017 Negotiating on the service use terms with potential applicants
July 2017 Development of the ERC-20-based token sales official website
September 2017 Launching token distribution website
November 2017 Token sales promotion stage
November 2017 Community development, involving experts, spreading the idea
December 2017 Launching service prototype
January 2018 Launching mobile app prototype
January 2018 Main stage of token sales
February 2018 Alpha v.0.1 service release, its testing and debugging
March 2018 Submitting token to the stock exchange listing. Initiating bidding
March 2018 Main development stage
April 2018 Launching Android app available for download
May 2018 Launching Google Chrome and Opera extensions
May 2018 Security audit. Vulnerability scanning
June 2018 Service launch; hitting first 5,000 copyright violation detections
June 2018 Launching IOS app available for download
July 2018 Launching Mozilla Firefox add-on
August 2018 Engaging in close collaboration with major producers. Agreement signing
September 2018 Reaching user count of 850 000 and a total of 40,000 breaches detected
June 2019 Big Data implementation. Expanding the range of services for Applicants
August 2019 Аudience building. A total of 400,000 copyright infringements detected
Do not miss this wonderful opportunity, to join ICO StopTheFakes
project before it’s too late, if you join this project, you will get a
big advantage at the end of ICO or after the token is distributed.
For more information you can see their project link below:
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