MARQYT is a platform for protecting brands from counterfeiting and falsification based on Blockchain system.
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What is MARQYT
MARQYT is an innovative project based on the capabilities of blockchain technology, which is designed to solve the problem of counterfeit products in the production and consumer markets.
Main objective of the project is to reduce the number of counterfeit goods, thereby increasing the profitability of original productions and clearing the market of low-quality counterfeit products.
Using the application MARQYT, the producer or the manufacturer will be able to enter certain information about its product in the blockchain in a few clicks. Furthermore, the product is assigned a unique code, which, in contrast to GlobalTradeItemNumber, will store all the necessary information about the product, and not only about its commodity item. A unique encrypted product identification code can be applied to, and marked on, the goods in any convenient technological way for the producer or the manufacturer, including in the form of QR-code, NFC stickers, and RFID label tags. In addition, other means applied for automatic identification can be used as such technologies, namely: optically recognizable identifiers (barcodes, DataMatrix), online tools and facilities for tracking, localization and position fixing while using the active RTLS label.
It is impossible to forge or change the information entered in MARQYT, and the consumer can easily check it. In order to do the foregoing, it is necessary to scan the unique code printed on the product in our application. Thus, MARQYT solves the problem of communication between a major manufacturer/producer or brand and an ultimate consumer, excluding the possibility of selling counterfeit product while posing it as the original one.
Multifunctionality of the platform makes it possible to enter and integrate almost any data. Therefore, in addition to authentication and verification, it is possible to get detailed information about the content, ingredients, guarantees, instructions for use and other information provided by the specifics of a particular product.
MARQYT will have an obvious advantage over its competitors in the IT market in the following aspects:
MARQYT (MRQ) Token
MRQ tokens will be an obligatory element for using the MARQYT system. Investors will be able to purchase them during ICO for the value set according to the terms and conditions or after its completion at the market price.
Ethereum is one of the most popular blockchain systems with open source code. Its functionality allows to create and further manage new decentralized applications. The tokens issued on the basis of Ethereum apply the ERC20 standard, so they can be used by third parties.
Smart contracts (on which Ethereum is based) allow the implementation of a variety of software solutions, including identification of users, data accounting systems, crowdfunding services and ICO.
Total amount of MRQ tokens to be issued on the Ethereum platform will be 100,000,000. The value of one token will be 0.07 USD. In the course of pre-sale, investors will receive a bonus of 20% of the volume of purchased tokens. Bonus programme does not apply to the second stage of ICO.
DetailsPre-sales: Sep 05, 2018 - Oct 20, 2018
Pre-sale token supply: 10,000,000 MRQ
Token supply: 50,000,000 MRQ
Total tokens for sale: 100,000,000 MRQ
Hard cap: 7,000,000 USD
LegalBlockchain Platform: Ethereum
Registration country: Latvia
Token infoTicker: MRQ
Token price in USD: 1 MRQ = 0.07 USD
Accepted currencies: ETH
In the course of pre-sale, investors will receive a bonus of 20%
50% - Public Token Sale
35% - Team and Additional Investors
10% - Public Token Presale
5% - Marketing Expenses and Marketing
20% - Technical equipment for the company
20% - Team tokens - locked for 2 years
15% - Reserve funds
15% - Expenses for the development of the company
12% - Operating expenses
10% - Early investors
8% - Marketing expenses
Development of a web interface of version 1.0 for producers/manufacturers, namely: entering the product into the database, the product overview, the functionality of depot/ warehouse; creating a mobile application that can communicate with the support service of the manufacturer/producer via API.
Preparing for ICO and developing a platform for integrating Blockchain's capabilities into the project
Development and integration of an appropriate smart contract into the project
Start of pre-ICO
Implementation of loyalty programmes and bonuses for active users. Public presentation of the first version of the project.
Creation of cryptowallet inside the system. Global market launch of the platform
Publication of the framework for developers to implement their projects