Open Product Database

Global full-featured open database of goods. Designed for the cryptocurrency era.

@openproductdb    
OpenProductDb official channel    
OpenProductDb english chat

Open data
Global
Profitability
Payments to authors
Price increase for the token
Payments to investors

ICO started!


Current price:

1 token = 0.001 ETH

Bonus: 50%


Stage 2: ICO - Week 1

Days
:
Hours
:
Minutes
:
Seconds
701 OPDB tokens
701 $
2,499,299 OPDB tokens
2,499,299 $
 

About

Global full-featured open database of goods. Designed for the cryptocurrency era.

How the service works

Step 1: The author places a description of the product on the site


Any user registered on the site can become an author.
The author places a description of the product on the site, after which his description is included in the list of applicants for publication.

Step 2: Tokens owners vote for the best description for the product


Any owner of tokens can evaluate the quality of the product description (from 0 to 10 points), with the voice strength determined by the number of tokens from the owner.
The best description for this product is published on the website on the product description page.
Voting takes place within 24 hours, once a month.

Step 3: Owners of online stores place offers for the purchase of goods


After publication, the owners of online stores will be able to place their offer on the product description page.
The minimum placement price is the equivalent of 1 US dollar.
The list of offers displayed on the product page depends on the location of the service user.
Proposals are shown in the list of offers in the order of reduction in the placement price.

Step 4: The author of the published description receives up to 20% of the income


The author of the published description receives up to 20% of the income received for this product per month.
The percentage of income depends on the quality assessment.
The income goes to the wallet on a monthly basis in the form of project tokens.

Step 5: Among the owners of tokens who voted for the published description, up to 30% of the revenue is distributed


Among the owners of tokens who voted for the published description, up to 30% of the income received for this product per month is distributed, in proportion to the number of tokens.
The percentage of income depends on the quality assessment.
The income goes to the wallet on a monthly basis in the form of ETH.

Step 6: The community receives free access to structured data for goods


Product descriptions is available as structured data in JSON-LD format, Schema.org
Structured data is available on CC-BY license terms
For product categorization (taxonomy), the latest version of the GPC standard is used
 
Scheme of service operation

Features

Open data   |   Global   |   Profitability   |   Payments to authors   |   Price increase for the token   |   Payments to investors

Open data

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

Global

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

Profitability

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

Token

Token distribution

  • 50%   Sale: ICO   25,000,000 tokens
  • 25%   Founders   12,500,000 tokens
  • 10%   Reserve for authors   5,000,000 tokens
  • 5%   Sale: Pre-ICO   5,000,000 tokens
  • 5%   Consultants   5,000,000 tokens
  • 5%   Bounty program   5,000,000 tokens

Bonuses

Pre-ICO


Week 1
100%
Week 2
90%
Week 3
85%
Week 4
80%
Week 5
75%
Week 6
70%

World e-commerce gets momentum, with a turnaround from2.2 trillion US dollars, expected by 2018. The growth rate is 20%


Turnover of global e-commerce ($ trillion)

2103 2014 2015 2016 2017 2018*
900 1100 1490 1850 2000 2300

Using structured data

Structured data from OpenProductDb can be used in any online store from the largest global to small local ones.


Roadmap

  • 2017
  • February - June
    • The main idea of the project
    • Study of market needs
    • Search for confederates
  • July - September
    • Understanding the need to use crypto currency and tokens
    • Decision on entering ICO
    • Formation of the command core
    • Formation of technical requirements
  • September - November
    • Formation of a technical team
    • Work on the first prototype
  • November - December
    • Working prototype
    • Finalization to the alpha version
  • 2018
  • January
    • Working alpha version
    • Preparation for pre-ICO and ICO
  • February
    • Pre-ICO start

    • Limited pre sale of 5% of tokens
    • Bonus 100% with a weekly decrease
  • April
    • ICO start

    • Sale of 50% of tokens
    • Bonus 50% with a weekly decrease
  • July
    • Output of early version

    • Full access for investors
    • Limited public access
  • September
    • Public version output

    • Full public access
    • Output of a token to exchanges
  • 2019
  • April
    • Beginning of payments to investors

    • Conducting investor voting on payments
    • First payments to investors

Team

Core

Gennady Nedorezov

Founder

Aleksej Jerenkevic

Founder
 

Sergey Antipov

Technical Director

Development

Dmitry Divitay

Head of the backend department

Ilya Ivanov

Head of the frontend department

Pavel Pochivalin

Head of the UI/UX department

Advisors

Natalia Petukhova

eCommerce expert

Oleg Luchkov

Business expert

Dmitri Nesterov

Business expert