What is 0penProductDB?
Product descriptions use structured data with the latest standards in.
Product descriptions is available on CC-BY license terms. Product descriptions is available in JSON-LD format, Schema.org. For product categorization (taxonomy), the latest version of the GPC standard is used.
The service is initially created in multilingual, in order to best meet the needs of people from every place of our planet.
An early version of the service will be available in 2 languages. At the start of the first public version of the service, it will be available in 5 languages. Descriptions of goods are divided by language, while the characteristics of goods do not differ. Regularly increasing the number of languages supported to penetrate new markets is one of our growth strategies.
The project receives revenue from commercial placements – purchase offers on the product page.
The minimum placement price is initially defined as the equivalent of 1 USD per item per month. Offers are shown in order of decrease in the price of their placement.
On the product page, the offers matching the user’s location are displayed. Payment of tokens of the project is stimulated by discounts. When paying with usual (fiat) money, part of the revenue is spent on buying tokens, which ensures the price of the token increases.
Payments to authors
The author of the product description receives up to 10% of the revenue from commercial placements for this product.
The percentage of income to the author depends on the quality of the product description. The quality of the product description can only be estimated by the owners of the tokens. Payments to authors are carried out in project tokens, from a special pool.
Price increase for the token
We do our best to provide a natural process of increasing the price of the token.
Using a token for payments to authors, gives an opportunity to increase the volume of trades in the token. A part of the income received in the form of ordinary (fiat) money is spent on buying out tokens, which guarantees the growth of the price of the token. The use of the token for voting and payment to the holders of the token also guarantee the growth of the price of the token. Immediately after the launch of the first public version of the service, the token is displayed on the exchanges.
Payments to investors
Last but not least. We do not just issue a token, which you can earn on sale, we promise regular payments to the holders of the tokens.
The size and regularity of payments is determined by voting of the holders of the tokens. First payments to tokens holders begin one year after the start of ICO. Payments to the holders of the tokens are made on the personal wallet in ETH.