Imagine finding an ancient-looking coin on the beach. You may wonder
whether it's worth something, and if so, how to assess its value. You don't
know anyone with that kind of expertise, which makes you reluctant to trust
the opinion of a random pawn shop owner.
Luckily, you have your mobile phone with you. You can take a few pictures of
your newly found treasure and send them to the blockchain-based ViValid
system for a preliminary assessment and validation of potential value.
You know that you can put a little bit more trust in the outcome of that
process, not only because the system is community-driven, and thereby
stripped of the potential ulterior motives of individuals, but also because
amazing "Proof of Validation (PoV) Protocol" ensures the reliability of opinions.
Your query comes with a small fee in the form of ViValid tokens, but you’re
fine with that because you are certain that most of it is distributed among
passionate experts or collectors who spend their time and expertise on the
other side of the system. An arbitrary number of those who claim to possess
knowledge in specific areas, -- in this case, numismatics --, will be randomly,
but intelligently, selected from the pool of ViValid community members.
Each chosen member will deal with your query independently. Not only are
they unaware of each other, but you don't know them either. There is just one
task to fulfill for which they'll be compensated - the task which, according to
them, fits their interests and knowledge. Consequently, it is not even
considered a job, but a hobby, the hobby for which they’re getting paid.
While waiting for the first response, you may start wondering how to become
one of these validators who are doing what they love while earning some
money. Well, you still have your phone, right? By using the very same app
through which you sent the photos of the coin, you can register yourself as a
First-Tier validator. Your expertise? It is enough that you have been collecting
comic books for over 30 years, and know a thing or two about them, especially
about vintage issues.
By the way, there are five tiers of validation, and each subsequent one is more
exclusive than the previous one. At the very first tier, practically everyone can
be a validator, e.g., it is enough for you merely to possess some vintage comic
books to become a validator at this level. PoV Protocol guards the quality of
assessments in a way so that extreme opinions usually cancel each other out.
ViValid is a service based on blockchain technology designed to serve as a
conduit between individuals seeking information about the potential value of
items in hand from experts in corresponding fields.
Additionally, the very nature of blockchain, namely how information is
retained and spread within it, opens up an opportunity to create the first
decentralized, immutable, and, therefore, trustworthy, community-driven
ledger of collectibles that contains the history of their value and ownership
changes. Whereas the former aspect of the system gives its users information
about the market value of an item, the latter potentially increases it.
ViValid serves its purpose for both casual and professional users. Whether
you're trying to find out whether your old furniture in storage is worth
anything, or you want to confirm that the movie prop in your collection is, in
fact, what you expect it to be, ViValid provides you with a realistic and
accurate answer.
Market
Size
Every year, collectors spend 200 billion USD on their hobbies
(excluding art, jewelery, and classic cars) worldwide. The experts
estimate that the global collectibles market will increase at a
compound annual growth rate of 4.7 percent between 2017 and
2021. There is a particularly strong trend in some emerging markets,
primarily in China. As a result, two-thirds of the global collectibles
market will be dominated by that country in the next 20 years.
The other substantial market segment covers comic books. The most well-known and
expensive is Action Comics No. #1, published in 1938 and sold for 1.4 million USD.
However, the old comics are not the only expensive ones. New releases of The Walking
Dead No. #1 from 2003 are worth 11,000 USD.
Some 1980s video games can reach up to 40,000 USD, e.g., Stadium Events, released in
1987. Games from the 1990s that are rising in value include Super Copa and Nintendo
Campus Challenge.
ViValid offers a transparent and accurate service to the memorabilia-collector
community, in which the risk of fraud is ever-present. To the unsuspecting buyer, an
autograph could be forged, or an ordinary item can be substituted for a rare one. ViValid
validation increases consumer confidence, which leads to higher prices.
Another 1 billion USD collectibles market is vinyl records, 40 million units of which are
expected to be sold in 2018. The rising interest in vinyl records has increased demand
for collectible vintage pressings. The market value of vinyl records depends on the
album, special features, rarity, and condition. Because the value of a particular record is
tied to so many factors, it is difficult to determine the value unless you are an expert in
that area. Again, ViValid opens new avenues for accurate price validation based on
community reviews.
The last example, with a market value of 400 million USD per year, is Hot Wheels. If
you're lucky, your Hot Wheels cars may be worth more than actual automobiles. A pink
Hot Wheels 1969 Rear-Load Beach Bomb Volkswagen – currently is valued at 100,000
USD.
Other branches of collectibles include art, jewelery, and other valuables, estimated to
total 1 trillion USD in annual sales.
Art and antique sales in 2016 in Europe totaled 20 billion USD, including public and
private sales, with the Americas at 15 billion and Asia at 10 billion.
The growth in the
market is a natural reaction to the cultural and societal changes fueled by the economic
conditions.
The graph below represents the most prominent numbers for annual collectibles
spending in billions of USD.
ViValid will use all funding received to
support ongoing development of the
ViValid ecosystem.
ViV token is a core component of the
project and it will be used by asset owners
and validators to participate in service
ecosystem.
The crowdfunding of ViValid token creation
process is organized around smart contracts
running on Ethereum. Participants willing to
support the development of the ViValid
Project can do it by sending the Ether to the
designated address.
TOKEN SALE AND BUDGETING
If the Token Sale hard cap is not reached, all remaining tokens will be
burned at the end of token sale.
Actual amount of ViV will be known after the end of the token sale.
If soft cap will not be reached in main sale, then all funds raised will be returned
to participants (less any applicable transaction costs) within reasonable
period of time from the end of token sale
Soft cap and hard cap were calculated as a base price of Ethereum from 7th of
April 2018. Soft cap equals 4 100 00 USD, hard cap equals 28 750 000 USD.
Token pre-sale and sale will require pre-registration with KYC.
TOKEN DISTRIBUTION
MORE INFORMATION :
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