Although developed within the last decade, cryptocurrency developed by blockchain technology has taken the top place on the agenda that we follow daily. Some technology companies have invested their money by producing their own crypto money. Some other companies have invested money by creating stock exchanges in which crypto money has been traded. Today, more than 1,500 crypto money exist and they have been traded in the market. This results in the creation of more than 350 billion dollars market share in total value.
Contrary to the traditional system, control systems are a key enabling technology for the increase in functionality and safety of many critical applications such as transportation systems, manufacturing systems, medical devices, and networked embedded systems. Since Blockchain technology is now well-taking root, many innovative projects have begun to be passed through intelligence control. Today, we will talk about the Open Collectors Network project, which is a very interesting and innovative project with its promised services and innovations. The official web page of the project is:
What is Open Collectors Network?
Within the ecosystem created by the Open Collectors Network two innovations were introduced:
The first, contrary to the companies that produce and trade their own cryptocurrency, persons will able to produce and trade their own cryptocurrency too. The greatest innovation comes at this point. Because as we all know, producing crypto money requires high-level software and programming background and knowledge. But at this point, the Open Collectors Network provides a user-friendly interface for an average computer user lacking any software or programming knowledge. Therefore, an ordinary user can produce their own crypto-currency step-by-step easily. This may be for individuals, groups, companies or stores etc. The crypto money that is produced is the same with other existing crypto money in terms of its characteristics, but perhaps the most important difference is that it can be produced as a memorial concern rather than its material value. The produced tokens will be technically produced under the Ethereum Erc721 infrastructure and standards.
The second innovation is a crypto money exchange market built on a decentralized structure. The general standards are applied in the same way as it is in other exchange markets. The biggest difference, however, is that the cryptocurrencies produced on the platform will be able to be processed in this exchange. Because the value of all crypto money traded in the exchange market increases over time. In this way, the value of money produced by the system will increase in the exchange market.
This is the Whitepaper link that contains detailed information about the project:
The Open Collectors Network is the first and only platform where commemorative money is produced and traded. All financial operations in the platform will be done by using token belonging to ECTO project. This will prevent unnecessary use of the platform and prevent overloading on the Ethereum network, creating a fair environment for each user. On the other hand, having an ECTO token in the user’s wallet will also provide some privileges, such as a discount in some of the products in the platform, the right to vote in the system’s decision-making mechanism, or an advantage in award campaigns.
Open Collectors Token, Roadmap and Project Team:
The cryptocurrency of the project is ECTO, which is using Ethereum substructure. Totally 150 million coins will be produced.
The route map of the project was determined in October 2017. The process has already been scheduled for the last quarter of 2018. Until now the activities on the roadmap have been carried out completely timely.
The project team, together with the consultants, consists of a total of 17 people. Members have many years of experience in programming, software, product development, and marketing.
Links to detailed information on the Open Collectors Network project, which allows users to create a customized cryptocurrency of their own by using Blockchain technology and also which enables the users to buy and sell in in the same crypto money exchange system, are listed below;