COPYTRACK, following a highly successful crowdsale, has raised a total of more than $2.55 million in the ongoing presale. The presale, that went live with a goal of selling 5 million tokens will end on January 10, 2018.
The token sale has gained a lot of attention, thanks to the huge potential offered by the platform in keeping the copyright violations on the internet in check.
How COPYTRACK Disrupts the Industry
COPYTRACK is the market leader in protecting the image rights, uncovering image theft and managing the licensing for photographers, publishers and news agencies online. The company provides the start-to-end service that guides the users through a complicated world of online image theft. Since last three years, COPYTRACK has helped the community to claim image rights in more than 50,000 unsolicited use cases.
COPYTRACK’s global Copyright Register takes digital copyright registration to a new level. The platform intends to offer solutions for the major challenges of digital content copyright as well as monetization since they are still present today. By developing an open, transparent and decentralized copyright register using blockchain technology, COPYTRACK enables owners to register, monitor and monetize their work without involving any intermediary. This makes the multi-billion-dollar digital licensing industry more fair and transparent towards both buyers and sellers.
The ecosystem works using a unique image tracking engine leveraged on advanced technologies like Artificial Intelligence that searches users’ images online. Users can sort through their results and claim any copyright infringements instantly. Once COPYTRACK’s legal team is notified of the claim, it starts the enforcement process at once.
About the Pre-sale & Main ICO
The pre-sale for COPYTRACK Token (CPY) successfully sold a total of 4 million CPY so far. Following the successful pre-sale, the main ICO will start from January 10, 2018, and will end by February 10, 2018. With more than 4 million tokens already bought by the investors, COPYTRACK has raised a total of 2,550 Ethereum, which is at present equivalent to around 2.55 Million USD. The unsold tokens will be destroyed after the end of the token sale.
According to the spokespersons of the company, this is a huge recognition of COPYTRACK’s vision: to solve a deep-rooted challenge of copyright violation and offer both owners and users a transparent, fair and decentralized solution to licensing images. The COPYTRACK Team expresses its appreciation and thankfulness to all the contributors for supporting the platform.
The ICO will offer 60% of all CPY for public sale, while 20% tokens will be reserved for business development and remaining 20% for the advisors and founders. The founders decided the following lockup period and release plan:
- After a 6-months cliff 25% and every month
- thereafter 5% of their allocation.
The company has initially launched the ERC-20 token on the blockchain. In the second quarter of 2018, the company will execute a token swap of 10,000,000 ERC-20 tokens onto the new chain. Their leading position in the market, unique value proposition and an excellent team has spurred great interest from the community. As per the funds raised so far in the token pre-sale, COPYTRACK presents an outstanding investment opportunity.