Open Collectors Network
Open Collectors Network
Token: ECTO


The first one-of-a-kind token

ICO dates
Start date:
End date:

Registrated in: Romania

Platform: Ethereum
Type: ERC20

PREMIUM ICO

https://opencollectors.network/ Screenshot
Open Collectors Network categories
Platform Business services Big Data
Video
Open Collectors Network token sale
KYC passing required Yes | Whitelist No | Restriction for countries No
Soft cap 3,000 ETH
Hard cap 15,000 ETH
Tokens for sale 97,500,000
Token distribution in ICO
65%
65%
Price 0.00014 - 0.00017 ETH
Price in PreICO 0.00011 - 0.000117 ETH
Minimal investment 0.1 ETH
Acceppting ETH
Bonus in ICO ICO will be distributed across 4 weeks and each week number of tokens received decrease
Open Collectors Network news, social
Open Collectors Network search trends in Google
Random whitepaper excerpts

1 Table of Contents
2 Executive summary .................................................................................................................................. 4
2.1 Vision ................................................................................................................................................... 4
3 Introduction................................................................................................................................................4
3.1 Non-fungible vs fungible (one-of-a-kind tokens) .............................................................. 4
3.2 Market ................................................................................................................................................. 5
3.3 Platform goal .................................................................................................................................... 5
4 Business model ...............................................................................................................

6.4 Absolute ownership .................................................................................................................... 11
6.5 Seamless Creation........................................................................................................................ 11
6.6 Spamming prevention

enforcing uniqueness ............................................................... 11
6.7 Interaction....................................................................................................................................... 11
6.8 Trading ............................................................................................................................................. 12
7 Financial & Expenditures overview................................................................................................. 12
7.1 Financial summary ....................................................................................................................... 12
7.2 Expenditures overview .........

2 Executive summary
Open Collectors Network is the first decentralized platform for
one-of-a-kind
tokens,
where everyone can seamlessly
own
,
create
,
customize
,
interact with
and
trade
individual
tokens, on an open market, based on existing standard specifications.
2.1 Vision
As founders of Open Collectors Network, we consider ourselves as get-your-hands-dirty
programmers at heart. We love a good technical challenge and since the beginning of 2017 we’ve
started looking into blockchain tech. How the different proof-of-X work, all the hashes out there
and the special structures, like IOTA & Raiblocks.
The mor
e read about the blockchain, the more we saw the beauty in it, and we knew that’s
what we wanted to do from then on. But at some point, it hit us: all the coins out there were just
currency, and like money, they’re fungible. Whereas in our daily jobs,
writing code was all about

3.2 Market
The market for non-fungible tokens is virtually endless. If you look around you, almost all
the things you see can be categorized: people, cars, streets, shops, products, art and so on. One
thing all these have in common is their respective items are all
different
from one another.
All these items are currently being indexed or managed in a centralized fashion. An art
gallery internally keeps a ledger of its different exhibits. A car info website has its own SQL
database where it has gathered all car specs
over time. And the list goes on…
All these industries depend on one in particular:
the IT industry
. It has a 9.27 trillion dollars
market capitalization in the US alone and is among the fastest growing industries. Although our
business model will allow us to approach any company, the IT industry is our main target and the
one that will most benefit from decentralization. But how?
Well, just as an example, ever since its early days, IT industry develop...

From our experience as hands-on developers, we realized that the non-blockchain IT
industry usually deals with non-fungible collections of objects, where if you were to randomly
select two or more items from a collection, they would have differing characteristics or attributes.
It is this rather simple use case that Open Collectors Network, or ECTO, is aiming to solve,
albeit we believe it’s probably one of the most basic and commonly used patterns in
programming, and for which is there is currently no easy blockchain alternative.
In addition, though the use case is simple, we anticipate large demand for our platform,
by everyday users who will be using our web interface to create unique items, under the Public
category, and even more so by companies, which will most likely be using the platform’s public
API, for more advanced scenarios and bulk creation of unique items, for the specific (corporate)
purposes of their dApp.
In time, as increasingly more tokens are created on the platform, the early or ...

Discounts on the platform are directly proportional to the amount of ECTO tokens
you are holding at the time. The more tokens you have in your wallet, the bigger
the discounts.
Periodical rewards
All fees collected in ECTO will be redistributed periodically, as rewards for our users,
according to a specially designed proof-of-stake algorithm which takes into
account relative activity on the platform and also the amount of ECTO tokens you
are holding.
Our company retains 13% of total ECTO supply, to be used as incentives for attracting
strategic partners to our platform and accelerate our growth, with special terms and conditions
to be applied.
Our token mechanics allow it to have greater demand over time, proportional to the
amount of usage of our platform. An increase in popularity & usage of our platform translates
into an increased demand for the ECTO token.
4.3 Competition
Our platform has currently
no competition
, with regards to the possibility of crea...

5.2 Virtual object marketplace for content creators
The ability to buy digital assets with the intent to use them within a game or within the
development of a game is possible through leveraging the ERC721 standard. This means the
marketplace offers the tools for game developers to sell their creations or use those creations for
further game development.
5.3 Digital media and rights marketplace
It is worth noting that any digital media could be represented here. This could be a graphic,
image, music, book, or anything else that one may want. For example, any artist, writer, musician
would be able to sell their asset, as long as it was digital to anyone who wanted to do purchase
the asset. Going further, digital rights relating to the ownership of the digital media can be bought
and sold via the marketplace. The latter has the benefit of circumventing digital rights auction
houses and significantly reducing cost of transacting and the fees related therein. Small creations,
like a brand-name, or a lo...

5.7 Business sector
Any freelancer or business can easily tokenize personalized products (cars, devices or
hand-crafted items).
5.8 Auction houses
Maintaining their inventory on the public ledger to increase trust among its client base.
When an item is sold, after the auction, the unique token associated with it can be transferred to
the buyer’s wallet.
5.9 Discounts
Partnerships with companies which can tokenize their products. Let's take for example a
user which lives and breathes Apple products. He will create/buy different Apple unique tokens,
at which point he, or even we, can approach the company and obtain discounts for him as a
reward.
5.10 Embedded
Features like 'Facebook like button' that can be easily put up in place using only a script
tag on your website.
5.11 Trustless ICO investment pool
It is quite common lately for groups of individuals to pool together small amonts of virtual
currency, in order to participate in the private sale stages of an IC...

Open Collectors Network Roadmap

1
October 2017
Inception
- ERC721 standard analysis
- Collectible token mechanics & use cases analysis
- Marketing strategy draft
- Smart contracts draft
2
December 2017
OCN smart contracts - demo version
- ERC721 standard implementation
- ECTO token smart contracts
- Trading smart contracts (demo)
3
January 2018
OCN platform - version alpha
- Team expansion
- Smart contracts integration
- Metamask integration
- White paper
4
March 2018
Token Sale
- Token sale mechanics
- Existing contracts deployed on mainnet
- PoC smart contracts deployed on Ropsten
5
April
- Team expansion
- Sprint planning
Sabin Girlea
Advisors Sabin Girlea Director of Operations

Cristian Tamas
Advisors Cristian Tamas Senior Esports Manager

Mike Boutwell
Advisors Mike Boutwell Founder cryptoadvisors.io

Reinhard Brongers
Advisors Reinhard Brongers Software Architect

Alexandru Savulescu
Advisors Alexandru Savulescu Founder of Retrotech

Dylan Senter
Advisors Dylan Senter Co-Founder Spectiv

Laura Toma
Advisors Laura Toma Co-Founder Renowed&Co, Marketing Consultant at AmaZix

Dan Andrei Singeorzan
Team Dan Andrei Singeorzan Co-Founder & Developer Development Manager

Ion-Cosmin Grigore
Team Ion-Cosmin Grigore Co-Founder & Developer Software Developer

Grant Tiller
Team Grant Tiller Product Manager Director of Product Management

Florin Stefan
Team Florin Stefan Expansion & Marketing Executive Service Line Manager

Daniel Taivan
Team Daniel Taivan Test Lead Test Manager

Stefan Mihai Stanescu
Team Stefan Mihai Stanescu Legal Advisor

Iulian-Andrei Popescu
Team Iulian-Andrei Popescu Senior Developer

Florentina-Marina Caval
Team Florentina-Marina Caval Developer

Alexandru Spasenie
Team Alexandru Spasenie Android Developer

Cristian Cotarcea
Team Cristian Cotarcea Digital Marketing Specialst

Laura Toma
Laura Toma
Co-Founder Renowed&Co, Marketing Consultant at AmaZix
Marketing consultant
Dylan Senter
Dylan Senter
Co-Founder Spectiv
Co-Founder, CEO
Mike Boutwell
Mike Boutwell
Founder cryptoadvisors.io
Blockchain Technology Advisor