The blockchain technology and its application in the real business world has taken the market by storm. It can be seen from the vast number of ICOs being born every day. But how genuine are these ICOs? Well, there is not an easy question to answer. However, there are numerous promising ICOs that are worth investing in. One of the ICOs that have drawn the attention of crypto investors is the Japanese backed Patron ICO.
What is Patron ICO
It is an ICO for Patron project which is a blockchain-based platform that aims at supporting influencers’ market. The Patron team envisions to build a platform that provides influencers’ sharing economy from all over the world. With this platform, social network users from all corners of the world will be able to post, discover, reserve, and share economy information through their platform. Patron platform also allows the users to sell data on both website and mobile platforms.
According to the team behind the project, the platform will use blockchain technology to tokenize the social media influenced aspect so as to help brands connect with appropriate influencers. The success of the project will be a win-win situation in the sense that influencer will connect with the brands directly and brands will have a lot more reach than before. For the influencers, it will be a breakthrough in their business in terms of incomes.
What Does the Whitepaper Say?
The patron team has an elaborate whitepaper that explains in details what the company is planning to achieve and how. In fact, it is the details in this document that made the ICO sell out. According to the whitepaper, the Patron platform has the following core function:
Sharing influencer’s SNS delivery frame at the spot. (Pay every time)
Share an Influencer exclusively for several months (Pay monthly)
Acquire favorite influencers and monopolize (annual contract)
According to the Patron whitepaper, the company mission is to build next-generation services for influencers and a platform that gives equal opportunities to all influencers.
Patron ICO (Token) Sales and Purpose.
PAT is the token or the coin used for trading on the Patron ecosystem. It is the currency that traders/user will be using to transact on the platform. Patron ICO sale started on February 1st, 2018 and ended February 28th, 2018. The company had a total supply of 400 million tokens but distributed 240 million PAT. The remaining 160 million PAT is distributed to advisers and board members of Patron.
Patron is a promising project. It’s approach to the sharing economy is unique in the sense that it introduces a smart contract technology that will help eliminate brokerage thus eliminating fee and boost influencers’ income. It is a project for social media marketers to watch as the app will launch in June 2018. By, July 2018, it is expected that the app will be available globally according to Patron Roadmap.
Watch This video to learn more about Patron Icon:
View their page here: https://thetokener.com/ico/patron