Collecting stuff is a fun, even relaxing activity. People collect all sorts of things: stamps, diecast cars, porcelain dolls, sports cards, even sports vehicles. Everything and anything is fair game in the collecting world.
The pleasure and satisfaction of collecting derives from the uniqueness of every item, how rare it is, and how much value can be attributed to it.
The blockchain era is now in full swing, and with it come new ways of collecting stuff; tokens in this instance.
Open Collectors Network is the first decentralized platform that allows for the collection of one-of-a-kind tokens.
Open Collectors Network: tradeable tokens on the blockchain
Gamer? What digital assets/in-game collectibles would you like to see on our platform ?
Content creator? You want to sell your asset or digital rights relating to your creation ?
— Open Collectors Network (@open_collectors) February 12, 2018
According to its marketing blurb, Open Collectors is a ‘decentralized exchange for one-of-a-kind tokens, where everyone can own, create, customize, interact, and trade items.’
Open Collectors Network’s value proposition is based on the non-fungibility principle. In other words, goods or items that can be collected because of a quality or feature that makes them unique.
The company provides examples for the tokenization of goods, which can be then traded or collected. According to Open Collectors Network, the possibilities range from gaming items to digital content to hand-crafted items.
Open Collectors Network in figures & quick facts
- Token name – Open Collectors token (ECTO)
- Total amount of tokens issued – 150,000,000
- Token worth – 1 ECTO = 0.000166
- ICO start date – April 1st 2018
- ICO end date – April 30th 2018
- Soft Cap – 3,000 ETH
- Hard Cap – 15,000 ETH
Note that the token price will vary depending on the stage of the sale:
- First week: 1ETH = 6600 ECTO
- Second week: 1ETH = 6300 ECTO
- Third week: 1ETH = 6180 ECTO
- Fourth week: 1ETH = 6000 ECTO
Open Collectors Network will offer a bonus scheme to investors. The bonus amount will depend on the time when the tokens are purchased.
- Week 1 = 10% Bonus
- Week 2 = 5% Bonus
- Week 3 = 3% Bonus
- Week 4 = No bonus
The Open Collectors Network token
The company will issue its own currency, the Open Collectors Network token (ECTO), which is based on the Ethereum ERC-20 Standard.
Once created, the tokens will be allocated as follows:
- Sale = 65%
- Advisors = 10%
- Founders = 10%
- Company = 13%
- Bounty = 2%
The Open Collectors Network site lists 10 people as the core team, plus eight advisers.
There is a lot of expertise among the team, including sales, software development, legal.
The advisers round up the offering nicely, as they field plenty of ICO-related experience.
Check out the team’s details here.
— Open Collectors Network (@open_collectors) February 14, 2018
Collecting one-of-a-kind tokens is certainly a first in the ICO world. No other company currently offers this service, so as such, there is no competition for Open Collectors Network to speak of at this point in time. The company should exploit this break to its full potential.
Social media presence and digital footprint
— Open Collectors Network (@open_collectors) February 10, 2018
Here are the numbers for Open Collectors Network at the time of writing (mid-February 2018).
- Twitter – 770
- Facebook – 628
- Telegram – 3,003
- LinkedIn – n/a
Consult Open Collectors Network’s white paper for more information about the platform, additional features and services.
Announcements will come soon!
The first decentralized exchange for one-of-a-kind tokens, where everyone can seamlessly own, create, customize, interact with and trade individual items, on an open market.
— Open Collectors Network (@open_collectors) February 2, 2018
Open Collectors Network is, to my knowledge, the only ICO currently offering a marketplace for tradeable unique tokens, so from that standpoint, the platform enjoys a great advantage.
The potential for growth is remarkable too, assuming that community users take to the idea of tokenizing their goods or services. This may not be such a forthcoming concept for many, so Open Collectors would do well to publish blogs and other media explaining the idea and encourage mass tokenization.