Uncommonn (UCR)

What is Uncommonn

Uncommonn is a platform that connects vendors and customers for fashion sales with an emphasis on ethics and
sustainability. Customers are encouraged to become vendors themselves - to sell and resell goods rather than
discard them.

Uncommonn will issue ‘utility’ crypto-Tokens for use on the platform. The Tokens will take the form of reward points
and will be redeemable on the platform in exchange for goods, much like department store loyalty programs.
Uncommonn users are rewarded with Tokens in the same way as any loyalty program. For every €1 spent on the
platform the buyer will earn (at least) 1 Token.

The main difference between regular loyalty programs and the Uncommonn Token is that our Tokens are transferable
via independent crypto-exchanges. That is, the Uncommonn Token may be exchanged for fiat currencies or other
cryptocurrencies such as Bitcoin.

Uncommonn is creating a utility token for its upgraded platform to underpin
its new Loyalty and Provenance programs. The Loyalty program operates
similarly to industry standards; all vendors will give buyers 1 token for every
€1.00 spent and tokens will be redeemable for goods on the platform. All
vendors, whether professional fashion brands or individuals, will be required
to participate in the program, which will be administered on their behalf by
Uncommonn.

The provenance program rewards platform users for engaging in sustainable
practices, specifically for reselling products instead of disposing of them.
Every time a registered product is resold, each previous owner receives a
reward paid out in tokens. Platform users are also rewarded with tokens for
uploading data about products, which enhances their value for resale. To be
eligible for the provenance program, goods need to be uniquely registered
as such. Registration is not mandatory; goods may be bought and sold as
normal without being part of the Provenance program.