CURATE was created from a simple but robust idea, to create a platform for curating trending fashion online by bringing fashion stakeholders together. The stakeholders are the buyers, curators and retailers in search of trending stuff and styles from the designers and their brands.
What is CURATE?
CURATE is a Decentralized Application (DApp) that is powered by the Ethereum blockchain. Smart Contracts enable the app to perform certain functions without any human intervention while ensuring maximum encryption and security that blockchain promises. It is a protocol under the ERC-20 and its code is open source for Web 3.0.
Through the platform, users provide authentic reviews which are fully trusted hence offering genuine inspiration to the distinguished and credible fashion creators. The upvotes in the system help CURATE fashion from trusted brands by giving them the deserved reviews which then transforms into increased brand awareness and sales. Through the built-in reward system, all stakeholders remain inspired to form and retain a community that remains transparent all along.
CURATE is meant for fashionistas, whether you are a follower, a creator or even a retailer dealing with fashions styles and their respective prominence. They have already partnered with big names like Amazon, Gucci and Zara.
CUR8 Rewards
The fuel for CURATE’s platform is their rewards that every stakeholder gets in form of digital tokens. You can get them as Bitcoin, Ether or the CURATE tokens from the system denoted as CUR8.
The vision for CURATE is to bring suppliers and their end-users to collaborate more, styles of fashion get opportunities to be viewed and rated as a way to drive the sales for the best and appealing fashion online. To do this, CURATE offers a platform that is trustless for all users; to upload their offerings for feedback which triggers more discoveries of existing and best-rated collections.
The CURATE Working Model
The entire system is secured cryptographically through open-source code. As a DApp the decentralized service is run by hosting parties located all around the globe.
Process
- Fashion stylists begin the process by uploading their content on the CURATE app
- Once unloaded, users and viewers can vote and give feedback corresponding to the uploaded content. The system filters out fake comments through artificial intelligence and only allows authentic ones.
- The content that trends gets more views with more users discovering it
- The CURATE system rewards all the participants (both uploaders and commenting consumers) with the digital tokens.
- Once a participant gets their allocation of tokens, they can redeem promotional offers or discount codes as part of the rewards.
CURATE IEO (Initial Exchange offering)
Here are the key details related to the CURATE IEO:
The token’s official name is CURATE token, with the token ticker being CUR8, a utility token.
CURATE has a total token supply of 100,000,000 with a soft capitalization of USD 1,000,000 while the hard capitalization stands at USD 10,000,000.
Each token is at a retail price of $0.10 per CUR8. As a purchaser, CURATE platform allows other digital currencies Ether (ETH) or Bitcoin (BTC)
Being the first crypto asset, the road map has a crowdfunding model which is split up into three separate phases.
CURATE Roadmap Highlights
CURATE’s roadmap clearly aligns with their vision and the product goals. The Q3 of 2019 targets to finalize the PRE-IEO initial round of by attaining more than ten thousand active members on telegram, and approval of the first 1st IEO and have it listed via P2PB2B.io
The Q4 of 2019 follows with roll out of the first IEO with a target of USD 250,000 and inauguration of official coding of the platform, listing of CUR8 tokens on more exchanges.
Q1 of the year 2020 will see the commissioning of the second IEO while seeking approval of at least two CoinMarketCap authorized exchanges and thereby a significant increase in volume is expected.
Q2 of 2020 will see release of a decentralized exchange and roll out of CURATE’s beta version for public. CURATE aims to be among top 50 tokens on Coinmarketcap by volume.
How is the CUR8 Token Distribution?
The following percentages are allocated for the tokens, 25% for the Phase 1 of the IEO, 15% for the second phase of the IEO, 15% for the IEO phase three, a 30% for the team, a 3% for each in Partnerships and Bounties while the community has a 4% for events.
The Funds from the CUR8 will be allocated as per the following breakdown
The CUR8 developers will have a 40% allocation, 20% for the marketing teams, and 10% for the legal team while 20% will go to bounty & overhead and a half of the set for banking and reserves.
Conclusion
CURATE is focused on changing the way fashion trends are made. It is slated to be the one-stop for brands to test and market their fashion as well as for influencers to rate and review the brands. With the right incentives, the rewards for every participant can be immense, making CURATE a fashion marketplace like none other.
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