VALUSCONNECTION BETWEEN TRADEMARKS, RETAILERS AND CUSTOMERS
Almost every day we face counterfeit items (fakes). These can be fakes of luxury watches, luxury handbags, jewellery and also many items we daily use in our lives such as sports items. Companies which make original high-end items lose their reputation and trust among customers due to people buying counterfeit items. A current option for checking whether the item is genuine, is to go to the store where originals are sold. However, if the item is not an original, a customer may have problems because he deliberately or unintentionally bought the counterfeit through a website or other store. Major trademarks with the reputation in the market are struggling to reduce these fakes, but counterfeiters find their way over and over again to sell these counterfeit items to customers. To solve that problem we introduce VALUS WHAT IS VALUS ? VALUS is a blockchain platform which will be based on Ethereum platform. VALUS will allow costumers to verify items through QR code. The customers will get basic information about scanned items (VALUS Verify). In a case of purchasing an item customers can regiter ownerhip of that item (VALUS Ownership). If customers often buy items online, they can check whether the website where they buy is trustworth The existing customers can provide their experience and also the trademark can verify that website. (VALUS Website). Customers can also check if retailers sell genuine items. On the other hand, customers can help trademark to reduce the number of manufacturers that sell fake items and for reporting them, customers will be rewarded with VLS tokens (VALUS Store). There are 3 main points that will be explained
1. Trademark Every trademark which will be in our system will have its own address number. When a new trademark is added, we create a smart contract for this trademark. This smart contract includes all information about the trademark, such as name, logo, when it was founded, website URL and a short description of the trademark. Trademarks will dedicate one or two people who will be responsible for managing trademark on the platform. When a responsible person adds a new employee, he determines what function this new employee would have in relation to the management of the trademark, meaning that only employees who will be responsible for adding items can actually add items. 2. Costumer VALUS platform will be created for iOS and Android applications and customers can access it on the VALUS website. Scanning options will only be available for the mobile phones. A customer can login as Guest for purposes of scanning of the items through QR code. If a customer wants to register ownership of the item or check verified websites or stores, blacklisted websites, reported stores, he needs to register in VALUS platform. For registration, a customer needs to enter email account and password. When an account is created, a customer gets his wallet ID. Customers’ account offers a customer option to register ownership, send and receive VLS tokens, check and report websites and check and report stores. For ownership, a customer needs to send us some kind of verification. To secure his own account, a customer also needs to create 2FA code. 3. Retailers RETAILERS For retailers, we want to create that they will be more trustworthy and that they sell genuine items. When the items are on the way from a trademark to a retailer, retailer can track these items. In case if items are stolen during the transport a trademark marks these items as “Stolen”. This provides security to a trademark, retailer and customers in case if somebody wants to sell these items. Trademark can verify aretailer whether he sells genuine items to customers. With that retailer is more trustworthy and can be more popular among customers. Also trademark can verify retailers’ websites to check whether they really sell genuine items. VALUS platform using a blockchain system with Valus Token (VLS), to develop the project VALUS provides an opportunity for investors to invest. No further VLS tokens will be created in the future. Price of 1 VLS in ETH / USD will be calculated according to the exchange rate and will be locked at the beginning of our crowdsale (13. October 2017 12.00 UTC). This will be valid for the entire time of the crowdsale.
The VALUS will promote and add VLS tokens to as many marketplaces as possible. This process will start after the crowdsale. If the minimum goal is not reached, all invested funds will be automatic return back to contributors. ABOUT TOKEN AND CROWDSALE INFORMATION When crowdsale starts, there will be a 15% bonus for the first 48 hours (till 15. October 12:00 UTC) 1 VLS = 0,085 USD
In the 1st week from 15.10.2017 12:00 UTC to 20.10.2017 23:59 UTC there will be 10% bonus, 1 VLS = 0,09 USD In the 2nd week from 21.10.2017 00:00 UTC – 27.10.2017 23:59 UTC there will be 6% bonus, 1 VLS = 0,094 USD In the 3rd week from 28.10.2017 00:00 UTC – 3.11.2017 23:59 UTC there will be 3% bonus, 1 VLS = 0,097 USD And the 4th week from 4.11.2017 00:00 UTC – 10.11.2017 20:00 UTC 1 VLS – 0,10 USD
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