EPIK Tokens are utility tokens that facilitate the creation distribution and sale of licensed virtual goods in digital platforms such as video games, mobile games, virtual reality, augmented reality, social network gifts, and branded emojis.
How Do The Tokens Work?
Using the blockchain technology, brands will have the opportunity to sell their virtual goods through have digital platforms, which will act as retailers for the virtual goods. Blockchain records all the transactions therefore brands, digital platforms, and consumers can track the movement and history of the purchased virtual goods. This results in transparency and creates mutual trust between all the parties involved in the transaction.
After both the brand and the digital platform have agreed on the terms of the transaction, smart contracts are implemented in order to automate the process of creation, tokenization, distribution, and transactions of these virtual goods items between all parties.
Blockchain Licensing Marketplace (BLMP)
Additionally, the EPIK tokens power the Blockchain Licensing Marketplace (BLMP) B2B blockchain licensing platform. BLMP is a blockchain based that provides transaction processing services and value addition through efficiency, traceability, and security. The platform aims at linking the intellectual property licensing industry with digital platforms through leveraging crypto-token technology built on blockchain in order to facilitate the efficient production and exchange of liquidity in the digital ecosystems.
Furthermore, BLMP seeks to create a collaboration network whereby licenses of a short-term nature are created and enforced on the blockchain. These licenses will enable digital platforms to provide their users with a certain amount of virtual goods for sale.
BLMP will also oversee the supply chain of the virtual goods right from the moment they are created, tokenized, and licensed up to when they are delivered to the customers. It will also act as an intermediary of the transactions between parties involved in the sale of the virtual goods items, ensure that each party fulfills their obligation, and receive compensation securely, transparently, and efficiently.
Benefits Of The EPIK tokens
The tokens enable users to purchase licensed virtual goods and earn tokens through the loyalty programs from both brands and digital platforms that aim at incentivizing current customers and attracting new customers.
The EPIK tokens can be used across the various games and networks within the BLMP ecosystem. The tokens also enable the tokens owners to trade, sell, buy, or collect customized or limited edition virtual goods.
For Digital Platforms
The tokens will provide digital platforms with ability to introduce new content into their games, which will increase their income and visibility. It will also offer them with the ability to attract new customers.
The EPIK tokens enable brands to earn additional revenue through new marketplaces, obtained from the existing IP. The brands will also not have to incur costs since they simply have to approve or reject proposed virtual goods and receive royalties as soon as the goods are sold.
Parameters Of The ICO
- Token: EPIK
- Token protocol: ERC20
- Token supply: 200,000,000
- Token price: TBA
- Tokens sale date: 01 August 2018 – TBA
- Accepted payment methods: ETH, BTC, BCH, LTC
- Hard Cap: 38,000 ETH