E-commerce is a booming industry, with more than 2 million e-commerce companies in the world. Literally, consumers are shifting towards making purchases on e-commerce platforms, however, as these globalized online sales platforms increase, they are also increasing the number of counterfeit retailers selling fake products. Apparently, the chances of buying a counterfeit product from an online store are 70% and the products that are mainly counterfeited include clothing, electronics, pharmaceuticals, luxury products, food and many more. The counterfeit product market is posing significant threats to brands, individuals, governments and insurers.
With all the damage caused Simplybrand is determined to crack down on counterfeiting.
Simplybrand
Simplybrand is a next-gen e-commerce anti-counterfeiting platform that combines the power of cutting-edge AI, blockchain and the indefatigable crowdsourced human intervention to detect fake products at the market level and thereby create and raise an economic and reputation barrier for counterfeiters and unscrupulous online sites.
Simplybrand token sale
I guess at this point, we are all in love with the Simplybrand's intentions, interestingly they have launched their first private token sale (SBA) that started on 10th January 2019 and it will come to an end on 23rd March 2019, so this is your chance to invest in a promising project that has been talked about with much respect by passionate crypto enthusiasts. Their Presale is unique and profitable for investors.
Token Information:
Name : SBA
Type : ERC-20
Price : I SBA = 0.00025 ETH
Soft Cap: 4,000 ETH
Hard Cap : 40,000 ETH
Simplybrand has exciting reward programs for its presale investors.
- First mover program.
This program is designed for early investors, so this sale is comprised of 14 stages. At the beginning of the first 11 stages, the top investors out of the first participants to invest, with the highest investment amount, will share a bonus pool and receive bonuses according to the amount that they invest at the given stage. As of right now, they are at stage 7 and the bonus pool is shown in the image below.
- Simplybrand Ambassador.
This is arranged for the top 100 referrers that have accumulated the most investment amount from their referrals. They will split a pool of SBA according to their referral contribution, so the more your referrals invest in Simplybrand presales, the bigger the possibility of taking the biggest share. It is important to note that the size of the pool will be determined by the amount of ETH raised as a whole.
- referral bonus program.
Everyone that participates in the presales is given a unique code that they can use to invite their friends and family in the Simplybrand presale. When your referral invests in Simplybrand's presale, after having input your unique code, then you will receive 1,000 SBA.
conclusion
So far, Simplybrand has achieved a major milestone, surpassing their soft cap of 4,000 ETH, which is an indicator that the company is of value to the e-commerce industry and to the globe. On top of that, the token sale has received high ratings from third-party review sites 4.6/5 from ICO Bench, A1 from ICOTOP and 4.8/5 from ICO Creed.
References:
https://simplybrand.io/en/
https://www.docdroid.net/4j8zC4N/simplybrand-whitepaper-en-v303-20181205.pdf#page=9
https://cobinhood.com/token-offering/project/aa93231a-996b-470c-9a1b-1bf277e7bb90
Disclaimer: This is not financial advice. Please do your own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.
Thank you for reading.