simplyBrand ICO Review

Good afternoon, my dear crypto-enthusiasts, and today I want to tell you about the wonderful and promising SimplyBrand project and its advantages.

About project

As depicted above, simplyBrand aims to establish a platform with built-in AI model and machine learning technology to identify counterfeits. Crowd-sourced participants will be incentivized to assist in verifying the unidentifiable items throughout the whole process. The information of the counterfeiters will then be published on the blockchain, which is immutable and totally public for everybody to read. In addition, two major functions will be released along the way and will result in more parties joining the platform to complete the goal of evolving the platform into a self-governed ecosystem. By combining these cutting-edge technologies, and also designing mechanisms to govern the platform by itself, the solution would be able to solve this problem at a larger scale and high effectiveness.

simplyBrand will create a solution to this problem by establishing a platform with a built-in AI model and machine learning technology to identify counterfeits. Crowd-sourced participants will be incentivized to assist in verifying the unidentifiable items, while the information of the counterfeiters will be published on the blockchain, which is immutable and public for everybody to read. In addition, two major functions will be released along the way which will result in more parties joining the platform to complete the goal of the platform evolving into a self-governed ecosystem. By combining these cutting-edge technologies with new mechanisms to govern the platform by itself, the solution is able to solve this problem effectively on a large scale.

Basically, the SimplyBrand environment recognized items will be bought using the SMALL BUSINESS ADMINISTRATION token which could also be exchanged in other crypto exchanges. This kind of move will certainly enable the digital business consumers learn better background checks as the players can strive to preserve good rankings. The strategy taken by SimplyBrand’s design is going to leverage AJE technology to help make the ecosystem secure for customers. Over the years, cyber-terrorist has taken benefit of digital web commerce loopholes to scam harmless buyers. SimplyBrand is built to get rid of such difficulties by adding advanced features & effectiveness in deal verification.

Brands will use the simplyBrand program to ask for brand-protection solutions. Human Coating will straight report fake products, or perhaps work with the AI to verify the authenticity of E-commerce goods. Human coating would include crowd source individuals and third-party service providers who also do the observance job. The Simplybrand system will incorporate AI, human being ingenuity and block chain technology which will be utilized to create a great immutable “blacklist” of fake product. The SBA bridal party within the blockchain will incentivize human level to utilize the simplyBrand program. Leveraging the immutable and distributed top features of block string technology, simplyBrand will distribute the blacklist on the block cycle and efficiently reduce the activities of fake retailers simply by increasing their very own cost of organization and creating new obstacles to their continuing operations.

With SimplyBrand’s founded AI and machine learning technology, system will successfully acquire fresh data and verify fake product info, resulting in a more effective way to fight fakes online. Human being layer should receive tokens because rewards and may either utilize them to purchase company privileged products on simplyBrand platform or perhaps sell all of them on exchange. Brands can purchase tokens coming from exchange, and buy brand-protection providers on simplyBrand platform. The simplyBrand environment helps brands to gauge the possible lack of revenue about online market segments. The system works to provide openness within eCommerce to allow brands to further all their understanding of the extent of counterfeiting as well as how to end the situation.

Along with AI and blockchain, we expect that individual intelligence may play a vital role in anti-counterfeiting actions, not just our bait. To motivate human involvement and to incentivize individual attempts, we have a new lucrative incentive structure by means of our indigenous SBA bridal party, stated Kaufman Alter, founder and CEO of simplyBrand. This individual further described that having a digital environment of the selling economy run by web commerce giants just like Alibaba and Amazon, it really is imperative that the transparent program be produced that provides a much better online shopping encounter for customers. With the help of COBINHOOD’s expertise as well as robust community, we believe that people can bring about an optimistic transformation for this industry.

Business Concept

Renowned brands will request protection service from the simplyBrand platform then in return SimplyBrand will receive service fees and product gratuities. These free products then used on the ecosystem as gifts to the reporters. This business concept is quite simple and quite realistic. We will learn SBA token concept in details in the following paragraph:

Crowdsource participants (or users) are required to stake their SBA tokens (or have a certain number of SBAs in the platform wallet) before they can report fake e-commerce products.
If users could send a valid report, users then rewarded with SBA. Conversely, if users abuse the system, the SBA token in their wallet are burned.
These reports are used to train artificial intelligence.
The trademark owner company will request protection on the platform and provide service fees to simplyBrand. Besides that, they also give their product as gifts to the marketplace.
Users can then use SBA tokens to buy branded products in the marketplace or sell their SBA tokens on the exchange.

Therefore, with the mutually beneficial collaboration and the rise of token demand because of staking, buying products in the marketplace, and using brand protection services, the economic activity will automatically be created due to the SBA tokens on the platform. This dynamic is called tokenomics.

Token Design

The simplyBrand token (SBA) is a token launched on the ethereum platform. This token uses the ERC-20 standard with a total supply of 1,000,000,000 SBA with the following allocation:

54% reserves
16% token sale
10% team
10% early investors
5% bounty campaign
5% advisors

The token available for sale is only 16% of the total supply. This situation is because the company wants to use ICO as a way to get liquidities and communities, not just for product development (because this project already has MVPs). Then, 54% of the total supply allocated as reserves. The companies that need simplyBrand services can later buy this reserve tokens when the platform is ready. Investors don't have to worry about the dilution since only a total of 20,000,000 SBA tokens then used for bounty campaigns.

Moreover, this project is noticeably on time in providing Proof of Concept which available on http://poc.simplybrand.io/ImpactCalculator.html and https://dapp.simplybrand.io/login.html

simplyBrand's Team

simplyBrand has been pioneered by Kaufman Chang and Ronnie Ng since 2013, although it is still an intelligence data company. Both are MBA graduates from the Chicago Booth School of Business and have experience in this business. Based on the results of simple video analysis, I see that the simplyBrand's team uses a genuine identity. It gives the signal that this project is unlikely to be a scam. The following is the proof:

Conclusion

At the end of his review I want to Supplement the above with his personal opinion. I believe that such a platform is necessary not only for us, but also for global brands, whose reputation depends not only on the quality of products, but also on their name. Therefore, with the advent of such a platform, they will be able to control all the problems associated with the underground business more specifically, which means that in the near future we will all be able to clear the market of fake garbage.

Therefore, I sincerely believe in the success of this project and I recommend you to get acquainted with it. You have every chance to learn more about the concept of simplyBrand, through their technical documentation and official resources, links to which I attach below.

For more information, please visit:

WEBSITE: https://simplybrand.io/en/

TELEGRAM: https://t.me/simplybrand

WHITEPAPER:https://drive.google.com/file/d/1x9ICFcav39jErJX3MmrgsZ6xudKYVxhY/view

ANN THREAD: https://bitcointalk.org/index.php?topic=5067699.0

FACEBOOK: https://www.facebook.com/simplybrand

TWITTER: https://twitter.com/simplyBrand_io

MEDIUM: https://medium.com/simplybrand

REDDIT: https://www.reddit.com/user/simplyBrandio

My BitCointalk username: qweryjkuyuymyum

My BitCointalk profile: https://bitcointalk.org/index.php?action=profile;u=2217709

My ETH: 0x3D17c00506572Bd93869D7818cE71Ae1822c139E