Detect Fakes Get Reward!
StopTheFakes is a Blockchain-based decentralized service aiming to detect fake and violation of intellectual property rights,made on the Ethereum smart contract platform. Blockchain technology has been executed by using the open source license. The project has its own token, which is the only method of payment within its structure.
According to the Organization for Economic Co-Operation and Development, the counterfeit market is over $461 billion, and the International Chamber of Commerce estimates that it will reach $2.81 trillion by 2022. The losses suﬀered by holders of intellectual property rights from computer piracy are diﬃcult to estimate.
A total of 29,000,000 tokens is to be issued. Repeated or additional issuances are not planned.
STFCoin will be available for purchase both inside the service (via Coinbase) and at a number exchanges like Kraken, Bitfinex, Poloniex etc.
- Token buyers are not investors and the token is not an investment.
- StopTheFakes token is a utility token.
- STF tokens are used to pay for all the services of the project, ranging from commission fees for alerts to the generation of a complaint, provision of data obtained after Big Data analysis, etc.
- The more requests the Project will process, the higher the commission fee will be, the number of tokens in circulation will go down and demand for them will increase. This will result in the rise of STF against fiat money and other cryptocurrencies.
Start date: March 21, 2018 (9:00 AM EST Time, UTC -5)
The head office will be located in Prague, Czech Republic. The team’s main place of work will be open 24/7. The customer service will be available in the main international languages: English, Spanish, Chinese, German, French and Japanese.
Distribution of the tokens
- Reserve funds
- Reserve funds
Mikhail co-authored the project idea. Mikhail has a four-year legal experience in copyright protection. He worked in information security for four years and supervised a franchise project for another three years (18 facilities in the CIS). He sold his share in the franchise business and is currently investing in various online projects. Mikhail has two university degrees.
Igor is the co-author of the project idea and is in charge of the ongoing operations. For over a decade he has been working on the problem of counterfeit beauty products in EU countries. He has 12 year experience in photography and video production and two year experience in virtual reality business.