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Ink Labs Foundation Ltd

Company

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The international company Ink Lab Foundation Ltd is founded in May, 2017. Activity of the company is directed to providing tools for the creative markets worldwide.

The blockchain project of Ink was based by the expert in the field of intellectual property, the experienced young entrepreneur and the investor Tang Ling and got support of a wide range of prominent businessmen, developers, investors and advisers. Development of Ink began in April, 2016 when the project passed a seed-round and the first investments were received.

History

2017: Announcement of a recording system of intellectual property and exchange of exchange of assets

Ink — international a blockchain initiative which activity is directed to providing tools for the creative markets worldwide — started on November 16, 2017 a public kraudseyl-campaign. The project provided the exchange of exchange of assets of intellectual property working based on an open blockchain of Qtum. In the platform the protocol of multilateral interblockchain integration allowing to carry out data exchange with Sovereign consortium of blockchains — group of the blockchains designed to consider normative and legal and culture patterns of certain regions using which users from these regions will be able to get access to a full range of the Ink tools will also be implemented.

The blockchain project of Ink will offer a recording system of intellectual property and the exchange of exchange of assets for the creative industry

Relevance of development

Creators of content, including writers, musicians and artists, often appear at a great disadvantage, caused by structure of the modern creative industry and mismatch of their interests with the interests of other key market participants. Quite often publishers act as the peculiar gatekeepers following ways at the promising talents aiming to break through in masses involuntarily or intentionally refusing to them cooperation. And even despite achievements of the Internet and social networks from which content can be copied in network, leads to the fact that creators of original works lose a large part of potential profit.

Ink the blockchain tools promises to fix these problems with the help of a number.

Investments

According to Ink Lab Foundation, the recording system of intellectual property based on a blockchain already drew attention of early investors, and together with it and financing for the amount over $35 million in the closed and public rounds of advance sale.

During the October closed placement of tokens the startup brought together about 4 thousand BTC, or about $28 million, and recent public pre-sale came to the end with attraction of additional 800 thousand tokens of QTUM with a total cost of $8.5 million.

Sale of tokens

Public sale of tokens of INK began at 3 a.m. Moscow time on November 11, 2017, and its end is planned at 2:59 a.m. on December 9 if available tokens are not sold out earlier. The general stock of INK represents 1 billion QRC20 - the compatible tokens functioning on the Qtum platform. A half of this volume is available to investors, and 178.5 million from it are offered within a public kraudseyl.

During a public stage the discount for early buyers is provided: from November 11 to November 19 tokens will be on sale at the price 2450 INK for 1 ETH (or 58750 INK for 1 BTC). The minimum target amount of charges makes 7.5 thousand BTC, and the maximum restriction — 11. one thousand BTC. The demand of tokens was already confirmed with high demand: all tokens, available on the LBank and LeekICO platforms, were sold out less than in 24 hours.

Placement of tokens

Unlike a set of other campaigns for distribution of tokens, Ink already reached agreements on placement of the tokens with a number of the exchanges, namely Australian Exx, Thai Bitthai, Canadian Allcoin and Hong Kong ZB.