Friday February 26, 2021
Bitcoin (BTC) $47,170.00   Ether (ETH) $1,521.23
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Token Offerings/Listings

OIN SPACE decentralized ecosystem addresses the $1.2 trillion global counterfeits market

Published by CryptoNinjas.net
05/01/2018
OIN SPACE decentralized ecosystem addresses the $1.2 trillion global counterfeits market

OIN SPACE, the blockchain-based consumer trust ecosystem allowing to confirm the authenticity of any purchase, has announced its plans to conduct a $30 million ICO, with presale now in progress. OIN SPACE will allow the confirmation of the authenticity of any purchase – such as, but not limited to, clothing and footwear, alcohol, essential consumer goods, tickets, medicines.

In the OIN SPACE ecosystem, the authenticity of products will be warranted by a blockchain protocol, eliminating the chance of counterfeiting, copying or bypassing the security system.

OIN mobile app users will receive the OIN tokens for each authenticity confirmation and purchase of the original products from the manufacturers. OIN tokens can be used by consumers as a mean of exchange for the authentic products of the ecosystem participants, or withdrawn and transferred to the bank card account.

“Anything can be counterfeited, and there is no such person that hasn’t fallen victim to counterfeit goods, regardless of age and social status, comments Anatoly Smorgonskiy, the OIN SPACE ecosystem CEO, and co-founder. “Manufacturers spend an annual $127 bn to design and introduce new technologies protecting against counterfeits, while the counterfeit goods global market is now estimated at unthinkable $1.2 trillion. Manufacturers need a universal scalable system capable of providing protection against counterfeits once and for all.”

“Under the OIN SPACE ecosystem, we will develop a universal and simple authenticity verification tool secured by blockchain technology. We believe that OIN SPACE will lay the foundation for the radically new relationships between the manufacturer and the consumer based on trust and loyalty to the authentic brands.”

The OIN SPACE solution implies the QR-codes protected by OIN’s decentralized platform’s algorithms and the system of smart contracts eliminating the chance of counterfeiting. A blockchain-protected QR code is a simple, user-friendly, universal protection system. The OIN SPACE ecosystem will provide customers an opportunity to have a single authenticity verification tool.

“2017 can no doubt be considered the ICO year for the whole industry: we have witnessed the global scale of the projects successfully attracting their initial funding within the cryptocurrency market. Hundreds of projects that require significant primal investment, which they in other circumstances would have craved from business angels, foundations, and venture investors – they do now have the opportunity to quickly test and implement the idea by enlisting the support of crypto-community,” said Maria Lapuk, the OIN SPACE ecosystem co-founder.

OIN SPACE aims to lay the foundation for the consumer trust economy based on loyalty to authentic manufacturers, direct interaction and mutual respect between brands and consumers, free from fakes and counterfeiting.

OIN SPACE gears up for a 1-stage ICO, which will start in mid-June. The exact date is yet open and will be announced in a temporary manner, with sufficient timing and respect for the crypto-community. OIN SPACE is planning to reach the $ 30 million hard cap to develop, implement and scale the universal authenticity confirmation system.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits
Crypto Exchanges

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 
Crypto Exchanges

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks
Networks & Protocols

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items
Networks & Protocols

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund
Capital Raising

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version