StopTheFakes — BLOCKCHAIN Technology for Anti-Counterfeit & Copyright Infringement

 

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.

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:

 

 

 

 

 

 

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.

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:

WEBSITE : https://stopthefakes.io/
WHITEPAPER: https://stopthefakes.io/docs/WP_En.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=2336365.0

Author: sakti0676

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1329342