Product Protocol Escrow, Scoring & Strategy
PRODUCT PROTOCOL INTRODUCTION
Product Protocol is a open source protocol for crowdfunding / crowdlending campaigns based on digital assets issuing, integration with all business processes, funds management and financial operations.
Product Protocol is focused on creating a platform that allows an entrepreneur to tokenize their assets and raise funds for scaling
Companies on Product Protocol can scale further than ever before. A universal token for the tokenization of any assets allows you to instantly create a digital asset and a decentralized market will enable people from all over the world to purchase it.
The Product Protocol can also develop effectively without any limitations. A universal token created on a platform that serves to give any asset token, allows you to make any asset quickly and easily. Thus, a decentralized market will enable people from all over the world to get it. In short, the Product Protocol is a fast, unique and intelligent tokenisation machine.
Product Protocol Escrow:
One the most important problems Product Protocol has to solve is to guarantee authenticity, credibility and relevance of asset data.
In the first stage any tokenized asset must be verified via a test with hundreds of various parameters to ensure that the asset is tokenizable.
In reality we see how many problems appear when the audit process is conducted by one or several individuals, these kinds of systems destroy the very idea of decentralization. This is the reason why Product Protocol Escrow will utilize a network of smart contracts for every role in the system.
PP Escrow consists of a large number of DAO smart contracts, which provide security for all types of transactions and guarantee protection of the right of all various P Protocol platforms participants. Escrow DAO service is a set of smart contracts that simultaneously provide DAO participants task allocation, contribute to payments distribution and guarantee mutual settlement security for all transaction parties. Alongside providing financial security, Escrow DAO also provides protection from Sybil attacks (an attack wherein reputation system is subverted by forging identities in peer-to-peer networks) with a PPO token based system of deposits. Each individual Escrow DAO smart contract is a kind of hub connecting a large number of individual users within one particular platform function. For example, Escrow DAO brings together lawyers who conduct audits and support state property rights registration transactions, or Escrow DAO for insurance agents. Each individual Escrow DAO has an Auditor function, which has the right to contest the quality of work done by other platform users.
Meanwhile the Auditor himself does not under any conditions participate in the audit process, all the operators are selected automatically, which excludes the possibility of collusion during the audit. This way Escrow NET constitutes a kind of rights and obligations mediation system capable of providing a new legal relations model for PP Protocol based platforms participants, on the basis of transaction inevitability principle.
Product Scoring Service:
For many asset markets a quality regular audit tends to be very expensive, which makes it inaccessible for small decentralized businesses and borrowers. That is why for many assets classes audits are conducted infrequently, if ever. As a result customers are unsure about the asset quality on many markets. Customers are willing to high price for quality items, but since they do not know whether the item is of high quality, they are not willing to pay a high price for it. Consequently, more and more sellers leave the market, because they are unwilling to sell their products at a low price. As a result information asymmetry causes many asset markets to shrink.
Product Scoring Service is a versatile solution for asset evaluation and audit, which provides maximum objectivity and relevance of the result.
Asset evaluation is divided into several stages:
During the first stage an evaluation request is generated which is transferred to the PP Escrow system. PP Escrow assigns the asset a Smart ID digital signature and transmits the command to generate a digital container for scoring and further evaluation within PP Platform. After DAsset generation, PP Escrow launches the process of asset evaluation.
Scaling Strategy:
In the course of Product Protocol platforms and solutions development great emphasis will be placed on the popularization of practical application and utilization of protocol components for solving practical business and administrative tasks in various sectors of economy around the world.
During the pilot projects implementation stage the efforts of the Product Protocol team will be concentrated on providing user-friendly integration and application of the solutions, Business consulting and educational programs will be based on the creation and building of relationships with real sector startups and business community. We will create a specialized business development department, which will form a community of developers, integrators and real business representatives, while helping them solve problems related to blockchain technology integration and protocol based solution development.
Already at the MVP stage one of the priorities for the Product Protocol team will be engaging new real sector projects and tokenization of their assets.
Product Protocol Tokensale :
Allocation of tokens:
The Product Protocol will sell a total of 65 million PPO tokens from the total supply of 100 million tokens at the token sale stage. The following are details about PPO tokens.
Token: Product Protocol
Symbol: PPO
Platform: Ethereum
Supply: 100,000,000 PPO
Date of Sales Token: April 2019
Tokensale:
FUNDS ALLOCATION:
30% - marketing and first tokenised products
35% - development and PP coin fund
10% - legal, salary, lawyers
10% - technology support
15% - team
___CROWDSALE DETAILS:
1. 65 000 000 PPO - ICO
2. 15 000 000 PPO - team and associates
3. 15 000 000 PPO - platform support
4. 5 000 000 PPO - marketing and advisors
Roadmap :
Team :
To contact PRODUCT PROTOCOL visit our website: https://pprotocol.io/en
Whitepaper : https://d3ri2ictv4c1x9.cloudfront.net/PP_WP_e.pdf
Ann thread & Bounty: https://bitcointalk.org/index.php?topic=5113105
I invite you to join this Dedicated # Community HERE, as well as to follow they work on:
✅ Telegram Community: https://t.me/pprotocol
✅ Twitter: https://twitter.com/Pprotocolglobal
✅ Facebook: https://www.facebook.com/pprotocolio
✅ Medium: https://medium.com/@product.protocol
✅ Reddit: https://www.reddit.com/user/ProductProtocol
✅ Github: https://github.com/ProductProtocol
✅ Steem: https://steemit.com/@product.protocol
Bitcointalk username: sagoza
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=2561466