2018-7-15 13:44 |
Many industries beyond the typical financial services are beginning to transform with the introduction of blockchain technology that seems to be accelerating a global shift. One of the few major industries in the process of implementing blockchain.
Genuine Fashion Token is an example of how blockchain can aid the global movement of fashion to increase the transparency within the sector. By recognizing Blockchain’s potential to forge greater trust in the supply chain of the business. Here's how Genuine Fashion Token could enable fashion brands and customers to get information on their products and materials.
About Genuine Fashion Token (GFT)Genuine Fashion Token is a blockchain platform that seeks to develop a decentralized ecosystem that will help reduce incidents of forged fashion products spreading within the online or physical fashion world. The GFT platform service will enable the verification and authentication of high-end products and fashion wear through the use of blockchain nodes and fashion experts as a means of eliminating forgery along the supply chain.
How GFT Blockchain Forged Fashion Authentication Project WorksThe Genuine Fashion Token will build a decentralized application where customers can upload their purchased items on the platform using the standard protocol. Users can upload the pictures and tag the necessary details to the GFT platform. Once approved by the GFT algorithm, a digital certificate is created to identify the product and make it forge-proof. With the item having the digital certificate, the user or owner can proceed to sell it on GFT's e-commerce site free of charge.
What Token Holders Will EnjoyGFT intends to further embed their solution as a standard of proving the originality of the fashion industry. Apart from this application, GFT token holders also enjoy
Essential voting rights over decisions within GFT ecosystem Discounts and cut-off fees for customers purchasing items through GFT A reason to rate products by using the Genuine Fashion Token The possibility of receiving rewards for promoting GFT token on social media channels Participation in an incentive program that could see you earn GFT tokens for new users Experience bounty programs Pitfalls And Possibilities With Genuine Fashion TokenDespite the excitement that genuine Fashion Token presents, it is still wise to remember that the technology is mostly unregulated and unproven. Still, the GFT presents an industry-wide standard that could make the fashion industry much more effective and less prone to fakes. The ultimate challenge remains to get the cooperation of consumers and the industry players, and this may be hard to achieve. But it remains true that Blockchain has the potential to transform the industry, and careful consideration is necessary before implementation.
Genuine Fashion GFT Token ICO Details Private Sale Start- 10 July, 2018 End- 23 August, 2018 Price- 1 ETH= 12,000 GFT Crowd Sale Round 1: 24 August 2018 – 24 September 2018 Round 2: 24 September – 24 October, 2018, 25% bonus Round 3: 24 October 2018 – 24 November 2018 Parameters Of The ICO Ticker- GFT Blockchain- Ethereum Model- ERC20 Estimated price- 1 GFT= 0.000167 ETH (1 ETH=12,000 GFT) Accepts- ETH, BTC, USD, EUR, GBR, BCH, XRP, AUD, CAD, NZD Total supply- 1,500,000,000 GFT Available for sale- 765,000,000 Hard cap- 76,500,000 USD Soft cap- No Minimum token purchase- 150 GFT tokens Initial Token Distribution ICO- 51% GFT Platform- 29% Team pool- 15% Advisors- 2.5% Bounty program- 2.5%Similar to Notcoin - Blum - Airdrops In 2024
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