Stopthefakes: Ico Structure And Breakdown

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StopThefakes is a company that has created the first-ever Blockchain Service that allows everybody to track down and create a registry of illegal uses of a trademark or any other type of intellectual property. Is a means to create awareness of counterfeit activities on a brand in a specific location? The project is being developed under a brand new decentralized platform where companies have a chance to localize violations of their properties with the help of their customer base. By working alongside the people, the company affected can gather information about the infraction made to work with the legal system of the country where it takes place to solve it, as well as offering a reward to the consumer denouncing the infraction.

The long-term plan

Although StopTheFakes is already up and running the developing team has the intention of extending their reach, since their operations are just based in Rusia, parts of Europe and most of Asia. They also need to create a great network of information to offer instant matches with an absolute rate of accuracy for the companies looking at their services. To make this work StopTheFakes has created a token utility named the STFCoin to finance their operations and allow brand owners and participants access to their ecosystem to trade information about ongoing infringements. There will be 29 million tokens issued by the company, and the distribution will be issued as it follows:

ICO plan and distribution

The Pre-ICO sale started on January 21st of 2017 and ended on December 20th. 4,5% of the issued tokens where offered during this sale (around 1,300,000 units).Investors in this phase had access to a 40% discount for each piece of the utility purchased. The ICO sale is scheduled to begin in March 21st, and it will close on April 21st. The gross of the tokens will be offered in this phase listed at 69,9% or around 20,270,000 tokes.

The rest of the distribution goes like this: 10% (2,900,000 tokens) will be allocated as reserve funds. 5,6% (1,624,000 tokens) will be used to create bounties and affiliate programs. And 10% (around 2,900,000 tokens) will be awarded to the development team, the counselors, and the advisors. The tokens are payable only through Ethereum at the rate of 1 ETH = 2400 STF. The minimum investment is listed at 0.1 ETH. The company aims for a soft cap of $675,000 to begin their operations and a hard cap of $8,500,000 to be considered successful.

The legal status of the STFCoin

StopTheFakes has a very clear path as a utility, so their intent for the token does not aim for speculation of any kind. Users who partake in the initial offering of the token are purchasing a license to use the software app and access to the available data in the ecosystem. However, the company clarifies that the STFCoin circulation is unlimited and as such the owners are free to sell them to interested parties as they see fit. The token in itself, however, does not work as an asset, since is not meant to generate profits to third parties and it won’t generate dividends or interests of any kind for the holder.

StopTheFakes has one of the most sincere offerings as a utility token out there in the market. With a clear-cut plan, the company is ready to make some changes in the way companies fight for their licensing rights and trademarks. To learn more about their reach, you can check https://stopthefakes.io/.

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