Token Model Booting — Week 4 (10/21 ~ 10/27)
Following Marketing Project on week 3, we initiated Data Project on week 4.
1. Data Project
Beauty consumers during consuming beauty products suffer from lack of numerous & diverse information about the very specific product reviews.
Cosmochain collects all aspects of data related with beauty (demographics, derma-data, preference data of specific product categories, keen info about products etc.), which in return helps meeting the needs of the beauty consumers. Cosmochain collects the data by 1) collecting the specific data from consumers by giving rewards or 2) deploying questionnaires to consumers.
Currently, Cosmochain is very eager towards Data Project and collecting all parts of beauty data. Deploying Data Project starts with purchasing COSM within the market and distributes COSM to Consumer, DApp operator and Chain operator (which includes 5% burn)
2. Term description
DO (DApp operator): DO designates the service providers which connect beauty brands and consumers. Consumers rely-on various beauty services or platforms, which all are good examples of DO. DO can attract value by achieving a portion of CP flows that are maintained within Cosmochain Ecosystem.
CO (Chain operator): CO is responsible for facilitating the expansion of Cosmochain Ecosystem and maintaining DO services on-track within Ecosystem. CO acquires CP by splitting the profits that DO’s make.
Token Model Booting — Week 5
On the fifth week (10/28 ~ 11/3) of token model booting, Minting for Consumer will be explored.
** Plans for token economy implementation can be modified depending on the development status.
About Cosmochain
Cosmochain is a blockchain project based on beauty data, founded in March of 2018. We aim to contribute to the development of beauty ecosystem by systematically managing data incurred within beauty industry, and data to those in demand through our platform,
On June 2019, Cosmochain launched its main service “FitsMe” based on the 1.5 million data points incurred through its pilot service. So far, FitsMe is performing well, ranking 6th within Beauty Category of Google Play Store, with an MAU of 20,000 people.
Cosmochain Official Channels
● Cosmochain Web: https://cosmochain.io/
● Telegram(Announce): https://t.me/cosmochainannouncement
● Telegram (KOR): https://t.me/cosmochain_english
● Telegram (ENG) : https://t.me/cosmochain_global
● KakaoTalk(KR): https://open.kakao.com/o/gAMfQpU
● Medium : https://medium.com/Cosmochain
● Twitter: https://twitter.com/cosmochain
