EPIK TOKEN: VIRTUAL GOODS WITHIN REACH

Nowadays most people spend so much time online than offline. Teenagers and even adults are into video games, social network, messaging service or other applications which are digital platforms. These apps have been a part of daily routine already. Most teenagers are even hooked to various online games that they even spend money on it. Purchasing items needed in their games are rather just usual lately. Virtual goods as they are called are actually the sought after items in most video games. Users purchase this to be on top of their games.

Now, to monetize these digital platforms what they need to do is to find innovative ways to sell products to its users and that is by selling virtual goods. These goods are not actual physical products but products only within online games or other digital platforms. But wouldn’t it be better if real life brands are incorporated to the virtual goods? Wouldn’t that make virtual products more appealing to users? Imagine if they will be able to acquire branded virtual goods which will establish their status or membership or even class. Well, it is better but there are so many stuffs to consider like licensing arrangements, legal paper works, issues on security, transparency etc. to make it possible. What is good news about this is that BLMP (Blockchain Licensing Marketplace) a blockchain technology company has a perfect solution for this problem. BLMP is developing a virtual goods marketplace that will enable customers to have the ability to purchase licensed virtual goods online. This virtual good marketplace will cover the virtual goods retail supply chain including the creation, tokenization, and provenance of licensed virtual goods.

Another good thing is that there will be fair compensation between the IP holders and the digital platforms involved in creating the product. Profits will be split automatically based on the licensing agreements when an item is sold. So there’s no way that one party will profit but the other will not.

BLMP has already developed a fully-functioning product that is publicly available on the Ethereum mainnet – Air. Air provides crypto token technology and is a complete blockchain based platform that businesses can use to sell licensed virtual goods.

To tokenize virtual goods, there is the EPIK Token. EPIK token is spent for the service of creating a proposal between brands and digital platforms. It is also used by customers to purchase virtual items. EPIK Token can also be used to collect unique in-game or in-app items. This token can also give its holders special access to luxury virtual items and can give its users a discount on their purchases. For example is having a 50% discount on a collectible item purchase monthly.

So how does this virtual goods marketplace works?

Well first, a Digital Platform makes a proposal to a Brand and then a smart contract is created on-chain. Once the Brand accepts the proposal from the digital platform, the terms of the contract are finalized also on-chain. Next, licensed virtual goods are created and tokenized using the ERC-721 standard on-chain and the ownership smart contracts are updated to give rights to the digital platform so it can offer the licensed virtual goods for sale. Finally, the user will be able to buy the item from digital platform. When the users make the purchase, the purchase will be verified by the smart contract and the transaction amount will then be is split according to the terms of the contract between the Brand and Digital Platform with BLMP earning a service fee.

TOKEN SALE DETAILS
Token: EPIK
Price in ICO: 1 ETH = 2,600 EPIC
Platform: Ethereum
Minimum investment: 0.25 ETH
Hard cap: 15,000,000 USD
Country: Singapore

Get the latest details and in-depth information of this ICO and platform through their whitepaper, website and official social media pages here:

Whitepaper: https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4473798
Website: https://www.epiktoken.io/
Telegram: https://t.me/EpikToken
Twitter: https://twitter.com/epiktoken
Facebook: https://www.facebook.com/EpikToken
Medium: https://medium.com/@BLMPNetwork
Written by: Banelocke
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2052416
Eth Address: 0x1479444D1131C54c2C42E93159B13a93bF1fF77b