THE GLOBAL COPYRIGHT REGISTER IS ONLINE Dear CPY-Owner,
We have great news for you! Since last week July 31, 2018, our product The Global Copyright Register, is online. We are writing to inform you about the status, as well as, the next steps of the project.
COPYTRACK PTE Ltd. / CONCENSUM PTE Ltd.
Asia is the most growing market in the world, the majority of the world population is Asian and already more than 20% of our client base is from Asia. Further Singapore is one of the most trusted countries for intellectual property in the world. So it was just logic for us to choose Singapore as our base.
First, why did we, COPYTRACK PTE Ltd. change our name to CONCENSUM PTE Ltd? During the ICO, the community and investors suggested a more foundation-like and less commercial approach to The Global Copyright Register. Therefore, we decided to transfer COPYTRACK PTE Ltd., into a foundation in the long run in order to find broad international acceptance. This also required a clear differentiation from our more commercial sister COPYTRACK GmbH, the Global Copyright Enforcement business.
The foundation approach, the differentiation, and the announced token swap resulted in CONCENSUM PTE Ltd. and CEN as the new token symbol. For investors and the community, there is no disadvantage or change of direction, content or benefits at all. Also, the close technology and business partnership with COPYTRACK GmbH will remain.
THE PRODUCTOn July 31st CONCENSUM went online. Due to the complex parts of the technology and the fact that we operate our own blockchain, there is a ramp-up time to have all parts and functions available and synchronized: Blockchain, Op-codes, Token Swap, Smart Contracts, etc.
The fork and extension of the QTUM Blockchain allow us to register images and their rights in an easy way by adding OP-Codes. Additionally, the Ethereum Virtual Machine allows us to process Smart Contracts for image licensing by agencies and marketplaces. We estimate that ramp up time will take 60 days until the end of September.
To make it easy for all the marketplaces and agencies to use our blockchain we will provide an API and Smart Contract templates for easy integration.
TOKEN SWAPAs previously stated in the white paper, we will perform a token swap, so that the original ERC20 token (CPY) cannot be handled on our blockchain. The new token will be CEN.
The token swap will start in the following weeks and as a CPY- owner you will receive comprehensive information about the procedure and we will guide you through that process.
ROADMAPTo give you a rough idea of what will happen next, we have a rough roadmap for you on our website under “About”. Our next milestones are to start the Main-Net at the end of August and make the Smart Contracts available, as well as, the registration and trading API at the end of October and November 2018.
For any other questions, please do not hesitate to contact us at:
[email protected]Marcus Schmitt
CONCENSUM PTE Ltd.
(Board of Directors)