Topic: [ANN] Bonafi - Fights counterfeits using Blockchain and Crypto-Tag - page 182. (Read 72691 times)

This is done for the common good. The trading platform also loses huge profits due to counterfeit product. Forfeit, lawsuits, and so on.

It will be very convenient if the store representatives check the goods themselves, but will not this increase the total delivery time? To do this, they will have to hire a whole staff ...

How much will your stock of coins last? Can you release more coins in the future?

Bonafi plans to burn the spent coins. We believe that there will be enough in reserve to supply the world's demand in the future.

Good question. What will happen to spent coins? Or will you sell these coins again?

Tell me, how many tokens will be released? Will the tokens we spend return to you? Or will you need to do new ones?

Yes, of course, check the official website:
Official site: https://www.bonafi.io/
Telegram: https://t.me/bonafi
Twitter: https://twitter.com/theBonafiCo
Facebook: https://www.facebook.com/BonafiBlockchainCompany/
Linkedin: https://www.linkedin.com/company/groupproject-io/

Great project. Do you have a twitter? I would like to receive regular news about your project.

Bonafi will make an announcement in 2 weeks about the details of the ICO. Bonafi is currently working with the U.S. Security Exchange Commission for an approval. Stay tuned!!!

You are absolutely right. I think there is a possibility of lowering the price of the original product due to the disappearance of counterfeit goods from the shelves of stores.

what threads do you mean? Information that is extracted from the crypto-tag?

which I know Bonafi is a great project, but very unfortunate your threads are very minimal for extracting information

I think there should be plenty of interest to the makers, because forged goods, not only bad-quality, also take away the net profit from the real maker.

Your idea is impressive. Your token will represent your payment method for using the application? How can I get your tokens?

usually pre-sale is closed, with maximum bonuses, but the minimum amount for participation is 10 thousand dollars or more ...

These details will be known a little later, because at the moment there are negotiations about the conduct of ICO.

Good project, I want to invest, but so far the minimum amount for investment is unknown.

Here are a few options they plan to do this:

Use Case # 1

A seller registers on Amazon.
The seller receives an order where Amazon takes responsibility to ship the order.
Amazon workers use the Bonafi app on their smartphones to check the authenticity of the product to-be-shipped.
They find the product is a fake and the seller is not an authorized reseller of the brand.
They report counterfeit product to the authorities.
The counterfeit account gets blocked, and customer’s money is saved.

Use Case # 2

A seller chooses to drop ship through Amazon.
Somehow Amazon forgets to follow the policy and stores the products without charges without checking their authenticity.
The product gets shipped to the customer.
The customer uses the Bonafi app on his/her smartphone to scan the product.
The product scans as fake.
Customer sends the product back and informs Amazon about the counterfeiter.
Amazon blocks the counterfeit account.

Use Case # 3

Amazon sets policy for sellers to send their items to its warehouse before being able to sell online.
Amazon scans every arriving product for authenticity.
Amazon lets authentic products pass into its warehouse and blocks the fake ones.
Subsequently, Amazon blocks the counterfeit account as well as their merchandise.
Eventually, there are only authentic products and brands on Amazon.

Use Case # 4

A seller XYZ registers on Amazon.
XYZ does not make counterfeit products, but sells stolen, but authentic branded products.
Seller cuts down the price of the items to half compared to original products.
Customers place an order after seeing low price of a branded item.
Amazon’s warehouse auditing team scans all the stored items.
They scan XYZ’s products, they are real, but XYZ does not appear in the supply chain as the authorized reseller for the brand.
Amazon holds the products, sends information to the brand for verification.
Brand verifies XYZ as an unauthorized reseller.
Amazon blocks XYZ’s account.

I wonder how you solving the problem with the order of counterfeit goods from abroad. I think this is the most problematic area due to the long distance of the buyer from the seller. More temptation to deceive.

Certainly, this can also increase profits for manufacturers, and positively affect the price level. Due to the lack of counterfeit in the market, there is a possibility of lower prices for original goods.