StopTheFakes - the world’s first service enabling right holders to get consumers and users involved into the search for infractions and to remunerate them
Over the centuries, humans have discovered technology and streamlined the process of getting more products with fewer resources and resources. History can be divided into periods from one industrial revolution to another. A breakthrough occurred in the 21st century. The development of science and technology helps reduce costs to a minimum. Companies started spending more money on advertising than on production, and the century came to be known as the Age of Information.
Marketers estimate that the company will spend $ 547,370 billion on advertising goods and services by 2017. However, this cost is not expensive. According to the Organization for Economic Cooperation and Development (OECD), counterfeit goods worth $ 461 billion will be sold in the world, and this is only a low estimate. Havocscope, a project specializing in black market studies, reports that the volume of counterfeit drugs alone amounts to about $ 200 billion.
Sales of counterfeit products, copyright infringement and the use of commercial trademarks are a major source of revenue for organized crime. This activity generates incomes in excess of illegal drugs and harassment, prostitution, and illegal gambling.
WHAT IS STOPTHEFAKES.?
StopTheFakes is a Blockchain-based decentralized service that aims to detect forgery and infringement of intellectual property rights created on the platform of the Ethereum smart contract. Blockchain technology has been implemented using open source licenses. This project has its own token, which is the only payment method in its framework.
Our basic idea is to build a truly transparent and reliable system that can transfer data from users to rights holders. We assume responsibility for providing the necessary infrastructure and bringing together those who want to know about violations of their rights and those who can provide this information because of their geographic location or other factors. We assume responsibility for ensuring that customers reward service providers and retain remuneration as commission fees.
Example How This Service Works
Film studio
A movie studio released a movie and presented its premiere in theaters. Pirates bring a video camera to the cinema, make a screen copy of the film and upload it for free to their website. For example, 100 pirates around the world are uploading pirated movies to 1,000 websites. If at least 1,000 users visit each of these sites, the filmmaker will lose about 1,000,000 viewers daily. Considering the ticket is priced at $ 25, half goes to the rights holder, the movie studio will lose $ 12.5 million a day.
With StopTheFakes.io, the company must spend $ 24,000 to detect 1,000 websites. Thousands of people around the world will be involved in the search.
The film company will get an additional $ 12,476,000 in just one day.
Cosmetics Manufacturer
The company produces various kinds of cosmetic products with its own brand. This product is marketed in European countries. The budget for an ad campaign is $ 500,000. Money is spent on the opening of representative offices and dealer network development. Sales have just begun, but it turns out that these widely promoted brands are actively forged and sold in small shops at low prices.
For example, the manufacturer is expected to sell the product for $ 1,500,000. They end up selling fake low quality products with the same brand but for half price. The losses amount to half of the estimated amount.
With StopTheFakes.io, the company will pay only $ 2,450 to find 50 retail locations selling counterfeit goods. As a result, the company will get an additional $ 747,550.
STF Token
Ethhereum-based tokens are made to ensure full service functionality. We intend to use existing Ethereum blockchain; there is no plan to create our own blockchain. Smart contracts protect services from unauthorized access, fraud, and other illegal interventions.
STF is a functional token designed specifically for use on the StopTheFakes.io platform. In other words, it allows participants on the StopTheFakes.io platform to receive and send signals that inform violations.
Sales Token
TEAM
Members ; Mikhail Krzhanovsky - Chief Executive OfficerIgor Salikov - Chief Operating OfficerAleksandr Suvorov - Chief Business Development OfficerDmitry Kostachev - Chief Technology OfficerAleksey Zhunin - Lead Backend and Blockchain DeveloperOlga Belyakova - Chief Marketing OfficerMaria Dvoryanchikova - Chief Communications OfficerMaksim Kononenko - Social Media Community ManagerRoman Rulkov - Front-end developerRoman Kapralov - Full-stack DeveloperEugene Savochkin - Web application developerAleksei Мarkov - Database developer Advisors Reuben GodfreyMikhail GorshkovIsmael ArribasAlexander NekipelovIgor SlabykhElia Planas GabrielVladimir SokolovYevgenii OkhotskiiAndrey Zolin
So our ICO review of this project this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy token. You can visit their official website and page below:
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StopTheFakes - the world’s first service enabling right holders to get consumers and users involved into the search for infractions and to remunerate them
Reviewed by ronaldo lubis
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Reviewed by ronaldo lubis
on
23.49
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