CORI - Smart Copyright

Smart Copyright is an easily accessible marketplace and ecosystem for trading Non-Fungible Tokens (NFTs) in a secure manner, which towards a decentralized copyrights ecosystem to maximize benefits of copyright owners, NFT holders, and other stakeholders.

The token CORI is still applying for listing on exchanges users for trading. we have collaborated with 2 artists and 2 large communities of artists participating in building the project. More than 60 NFTs have been minted on the marketplace.

Problems of current NFT marketplace and copyright owner

- Creating NFT don’t protect copyright ownership
Copyright is one of the thorny issues in the creative field. The proof is that there is a lot of controversy surrounding this issue.
Then, the advent of NFT brings a great hope for creators to protect their work. But the fact that NTF itself doesn’t protect copyright ownership, some of them even weren’t created by the owners.

- Lack of revenue streams
In general, the art world is facing small revenue streams. There are not many options for artists to earn from their artworks.
Furthermore, for too long, art platforms and other internet giants have exploited artists and creators without rewarding them fairly.

- High gas fee and slow transaction
Most of NFT exchanges are using Ethereum Blockchain to build their platform.
The Ethereum network requires gas to execute transactions. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas.
You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction.
You can try to lower gas fees in your transaction settings but it would take longer for the transaction to process in case you select the lowest gas price.

Smart Copyright strongly believe that these problems can be solved by our solutions:
- Verified artists and organizations
Artists and art organizations whose artworks are listed as NFTs are verified by Smart Copyright as the authors or the owners. Know your customers (KYC) which helps us assure who created the NFT, avoiding plagiarism problems is considered as a breakthrough, a perfect solution. This is also a core value of Smart Copyright - to build a verification mechanism.

Smart Copyright is also launching a community where every single artist will be verified as a real author of the artwork in real life by the voting of the community.

In the first phase, the verification of the artist's identity will be done by our team, which aims to create a sustainable community of artists for Smart Copyright. We will cooperate with the communities of artists in general and individual artists in particular to display their artworks on Smart Copyright.
When Smart Copyright has a strong community, there will be phase 2 of the process. During this stage, reputable artists will be empowered to KYC, which will help speed up the KYC process. Once there are more creators, the KYC speed will be stronger and faster.

- DeFi events
First of all, we need to understand what DeFi is. DeFi is short for “decentralized finance” referring to financial services using smart contracts. Those can be known as enforceable agreements excluding intermediaries such a bank or lawyer fr om the process by using online blockchain technology instead. In other words, several entities can now hold a copy of a history of transactions without the control by a single, central source. It offers a flexibility to the users as when all the certain requirements are met, the platform will automatically execute transactions

By now, artists and art organizations can have more an more income by joining Smart Copyright DeFi events:

1. NFT Staking
Users can use NFT for staking in exchange for rewards. At CORI - Smart Copyright, users buy and stake NFT to earn $CORI and earn other NFTs. Then NFTs can be exchanged by the NFT Liquidity Pool wh ere liquidity is provided by other users.

2. NFT Swap
NFT swap allows NFT holders to swap their NFTs in exchange for another NFT as follows:
NFT(s) for NFT(s)
NFT(s) for NFT(s) + Crypto

3. NFT Collateral Loan
There are two main use cases, depending on the nature of NFT holders’ need – whether they want to borrow or lend crypto:
Need a loan: NFTs can be mortgaged. All the NFT holders need to do is to put NFTs up for collateralization and take the best loan offer from the lender.
Lending: lender browse the NFT collateral loan list and give the loan offer to the NFT holder (including: loan value, interest, repayment value, and duration).

- Binance Smart Chain
Binance Smart Chain (BSC) is created as a blockchain network supporting smart contract-based applications. BSC operates in parallel with Binance’s native Binance Chain (BC), providing users the great features of these both systems.
We build Smart Copyright on Binance Smart Chain technology due to its advantages:

1. Low gas fee
BSC and Ethereum are the most well-known names of blockchains which are both applied for DeFi projects. While the fee is a huge concern for the platform’ users, BSC’s one are 35 times cheaper than Ethereum’s.

2. Transaction speed
BSC has a fast transaction time which is maintained as ~5 seconds/block time.


3. Interoperability
As the system is built with a dual chain architecture, the assets can be easily transferred between the blockchains. People can transfer their assets from a blockchain to another easily. This feature also provides users the accessibility to a boundless ecosystem with countless use cases. Interoperability is the key element convincing people about DeFi’s application, and BSC is leading in making this happen.

4. Binance Ecosystem
Binance Ecosystem aims to spread freedom of money and build the infrastructure for the blockchain ecosystem. This ecosystem includes blockchain & crypto asset exchange, investment & fundraising, digital asset research and support & adoption.
Furthermore, Smart Copyright believes that we can take the great benefits of the Binance Ecosystem to bring the best experiences, benefits and quality to users.
Moreover, the huge number of users on Binance Exchange is also one of the strengths that Smart Copyright wishes to take advantage of.

Rarible, Twinci, Superrare.

User experience is the most important thing to CORI development team. That’s the reason why we choose Binance Smart Chain which has low gas fees and fast transactions as a foundation to build CORI.
On top of that, there are series of Defi events that will be held weekly such as NFT staking, NFT swaps, NFT loans.
As a result, NFT creators, artists and NFT owners can easily earn money with Smart Copyright.
With CORI, your work will be protected and able to create sustainable income.

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