OIN Space ICO (OIN Token): Blockchain Consumer Trust Protection?
Nowadays, everything can be counterfeited. Most individuals have purchased counterfeits, including clothing, essential medicines, tickets, and more. Currently, there is no secure, reliable, and user-friendly anti-counterfeit protection system.
OIN Space is a decentralized ecosystem that allows you to confirm the authenticity of any purchase. In the OIN platform, authenticity is powered by a blockchain protocol, eliminating the chance of counterfeiting. OIN Space rewards the consumers that purchase goods from authentic manufacturers with OIN Tokens.
The consumer installs the OIN Mobile app to scan the product’s QR code and receives OIN Tokens for each scan and purchase. Manufacturers also reward each purchase with OIN tokens. OIN Space is working in order to stop counterfeited products to spread and helping enterprises re-gain their market.
There are some important brands that have already given support for the anti-counterfeit OIN Space system. We can mention NOKIA, Cisco, Dell, Crest, Ladoga, Concept, among others.
OIN Token Sale
There will be a maximum token supply of 1 billion OIN tokens, but the exact token supply will depend on total funding raised during the ICO.
The hard cap is 75,000 ETH and the Soft Cap is 10,000 ETH. For each ETH, the investor will receive 5,000 OIN tokens and the payments can be processed via ETH, BTC or bank transfer.
The token distribution will be as follows:
- 60% for ICO participants
- 20% for the Team, Advisors and Bounty Participants
- 20% for OIN Reserve Fund (which will be used to harmonize and secure OIN token and OIN Space ecosystem development, as well as for referral rewards for new clients on the ecosystem.
The Fund allocation will be as follows:
- 40% Research and Development
- 37% Marketing and Sales
- 15% Administration and Operation
- 5% Unforeseen Expenses
- 3% Legal Accompaniment
OIN Token Details
- Token Symbol: OIN
- Token Price: 1 ETH = 5,000 OIN tokens
- Total Supply: 1 Billion
- Token Standard: ERC 20
- Soft Cap: 10,000 ETH
- Hard Cap: 75,000 ETH
The roadmap presented by OIN Space ICO has clear plans until the third quarter of 2019. The third quarter of 2018, the team will be working on the authenticity verification system prototype and on the OIN mobile app prototype.
During the last quarter of 2018, there will be a Pilot launch of OIN Space ecosystem in which several manufacturers will be participating.
The first quarter of 2019 will see enhancements on the OIN Platform. The second quarter of 2019 will see the OIN Space ecosystem launch. The last quarter of 2019 will be focused in expanding globally the OIN Space platform.
The OIN Space team has retail, consumer, IT, and market experts. The team is based internationally but it has its Head Quarters in Moscow and Shanghai.
OIN Space has three main founders, Anatoly Smorgonsky, Maria Lapuk, and Konstantin Efimov. Anatoly Smorgonsky has over 15 years in the telecom industry. He held executive roles at Yota, Rostelcom, Beeline, and Tele2. He is the CEO of OIN Space as well.
Maria Lapuk is the Communications and Public Relations representative. She has over 10 years in public relations and held executive positions at Mail.ru Group, Internet Initiatives Development Fund, and many other companies.
Konstantin Efimov, is the Sales representative. He has over 10 years of experience in Telecom, and worked at Beeine and Indever.
Other team members are Artem Kolganov, Ekaterina Dolgaia, Nikolay Ilyushkin, Fahim Godil, Ekaterina Yashunichkina, Filipp Egorov, Maria Polyakova, and Eugeny Rybakov. The team is advised by Dave Waiser, Cheg Tan Feng, Maurice Guindy, Ilya Sachkov, Anton Agranovskiy, Vladislav Tropko, Maxim Osorin, Sergey Skorodumov, and Oleg Popov.
OIN Space Conclusion
OIN Space is a project that wants to end with the counterfeit economy. It wants to create a platform for manufacturers and for consumers that would help them confirm the authenticity of the products they purchase.
With blockchain technology and a very experienced team, OIN Space will start its ICO in mid June. At the moment, a private sale is in progress.