The virtual platform like social networking, video games, and messaging services are today experiencing the high growth that is presenting new strategies, opportunities, and challenges for the monetization. The fact that customers of the virtual platform are typically expecting in getting the services for free of charges, a transition to the freemium economy has forced industries relying on selling user’s data or annoying ads of the third party. The easiest way of monetizing the virtual platform is finding out the best innovative ways for selling the product to the users.
The most profitable form of product selling is selling the digital goods. The digital goods are the item that only exists in the scope of the virtual platform but does not exist actually in the physical world. The digital goods are really high profitable as essentially they are intellectual property and is not having the greater costs associated with the real world labor, manufacturing, and distributions.
In addition to it, the digital goods aren’t restricted by the borders and are having no physical limitations on its fulfillment. Essentially, developing the branded digital good for sale only is having one time cost but the unlimited distributions so that profits can indefinitely scale up.
EPIK Items-
EPIK items are the special items that are totally different and unique in nature. The EPIK items are doubtlessly highly secured and are stored on Blockchain. Just acquire the various different items into the numbers of virtual platforms and see them at anytime and anywhere into the EPIK application.
EPIK Wallet-
The EPIK wallet is the proprietary behind scene technology into the EPIK application. This wallet can be used for buying, exchanging and collecting the EPIK items into the social platforms and in favorite games.
EPIK tokens-
EPIK tokens are the ultimate way for one to collect the branded items into any of the virtual platforms. These are like virtual reality, augmented reality, video games, branded emojis, mobile games and social network gifts.
EPIK experience-
The branded items are providing additional revenue and new content for the platform. The customers are engaged with the brands that they know and love. The EPIK mobile application or wallet is storing the virtual assets and tokens.
Overview of EPIK tokens-
EPIK utility token will get issued for facilitating the development, distributions and of course sale of the digital goods that are licensed. By Blockchain technology leveraging, the brands can easily distribute the digital items via the network of virtual economies with the virtual platforms acting as the retailers. With the EPIK tokens use for the transactions, developers intended in enabling the digital platforms, brands and customers. This is for tracking every bought licensed digital good with full transparency indefinitely.
This is thus establishing a uniform trust in between various parties that are involved. Once both the virtual platform and brand come to an agreement, a smart contract is developed for automatically managing the development, tokenization, transactions, and distributions of the virtual items in between all the parties.
Each buyer needs to follow the whitelist process and give details for verifying its identity and residency status. The company will then either approve or reject the buyer. In its sole discretion, will be determining the jurisdictions wherein the potential buyers can but the tokens. This is all about EPIK token one should know.
Official links for more details,
Website Link : https://www.epiktoken.io
Whitepaper Link : https://www.epiktoken.io/assets/pdf/BLMP_whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4473798.msg40143678#msg40143678
Facebook Link : https://www.facebook.com/EpikToken
Twitter Link : https://twitter.com/epiktoken
Telegram Link : https://t.me/EpikToken
ETH address: 0x4689A6550B234980c5A8Bb4A1084D9eFAeBAfa98
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1591725