*GLIPP Identifier – 9g5JiYThxFTxknSMA3TT5xoXG7GYjRrTJxxLeeoQ36kJ
The OFFICIAL GLIPP ASSET is verified with a GREEN checkmark…*
“Patents and trademarks are territorial and must be filed in each country where protection is sought. A U.S. patent or trademark does not afford protection in another country. -http://www.uspto.gov/patents-getting-started/international-protection/protecting-intellectual-property-rights-ipr
Current “OLD” system flaws:
-File for protection in each country where you want to have protection
-High costs (compounding costs if filing in additional countries)
-Long wait times
Utilizing dual chain technology (Waves and Ethereum) We will Create, maintain, and manage a system that has been designed to search, submit, transfer, and store Patent, Copyright, and Trademark registrations utilizing blockchain technology providing GLOBAL evidence of ownership at a reduced cost saving owners time and money.
Benefits of “NEW” system:
-Global evidence of ownership
-Low costs when compared to traditional methods
-User friendly submission using a guided GUI (graphical user interface) in both web and wallet
-Short wait time (patent, trademark, copyright) search performed automatically
-NO attorneys required
-NO Personally Identifiable Information (PII) required or stored
Several states have already passed legislation deeming blockchain records to be admissible as evidence in court. These states currently include Vermont, Arizona, and most recently Nevada.
Patent, Copyrights, and Trademark applications will be searched and submitted by users through a guided wallet and/or web based GUI (Graphical user interface) removing the long wait times, complex paperwork, and high costs associated with traditional methods of protecting intellectual property.
Upon submission of a Patent, Copyright, or Trademark a search will be automatically performed and the application will be systematically rejected or accepted based on search findings, images, keywords, etc and if accepted will then be recorded to the block chain, and issue the submitter confirmation of successful submission. Ownership will be retained and viewed through the use of private keys located within the submitter’s wallet. If submission is made through the web interface then private keys will be provided for later import to wallet for storage. A graphical certificate can be generated from the wallet using stored keys.
The wallet and web interface will allow viewing and searching of all submitted Patents, Copyrights, and Trademarks currently submitted as to allow the user the ability to research prior to any submissions.
Any cryptocurrency can be used for payments through the web interface utilizing Shapeshift or a similar service as made available. Any payments/fees made using this service will be traded at current market rate for GLIPP automatically which will then be distributed as defined in the profit sharing distribution system (PSDS). Payments made with BTC will be provided a discounted rate. The intent of the discount is to encourage payment through the web interface using BTC which will be traded for GLIPP at current market value before being distributed within the profit sharing distribution system (PSDS) as BTC/GLIPP will be the main trading pair on exchanges. This will create constant buy support on the markets while also providing the all GLIPP holders a steady payout of GLIPP within their wallet.
Payment through the wallet interface will only support GLIPP.
Payments for rejected applications to be refunded to the submitter minus application fees. Application fees will be distributed as defined within the profit sharing distribution system (PSDS).
Payments for accepted contracts to be distributed as defined within the profit sharing distribution system (PSDS).
Buyers can search to locate and then submit offers to purchase,and owners can list prices to sell. No personal information will be utilized in any transactions as ownership is determined through private keys generated by the system.
Transfer of Patent, Copyright, and Trademark ownership incurs transfer fees that will be distributed as defined within the profit sharing distribution system (PSDS).
Intellectual Property Expiration/Renewal:
Patents, Copyrights, Trademarks will be set to expire and require renewal per standard expiration guidelines as defined within the contract. Owners can renew at any time and/or purchase additional years of protection for additional cost based on length of renewal.
(PSDS) Profit Sharing Distribution System: is the collection of all generated revenue through sales of Patents, Trademarks, Copyrights, which will also include application fees, transfer fees, renewal fees etc. 15% of these funds will retained by GLIPP for continued development, and the remaining 85% will be distributed to existing wallets containing greater than 1 GLIPP. The distribution will be divided proportionally based on the number of GLIPP held in the wallet. The intent of funds being distributed on a regular basis is to avoid storing a potentially large sum of funds in a central location. This will further reduce risk of funds being lost through theft.
The Profit Sharing Distribution System (PSDS) will coincide with Leased Proof of Stake (LPOS) rewards generated through staking.
100,000,000 total GLIPP supply (Originally created amount)
10,000,000 for CORE team members
5,000,000 presale (remaining unsold on August 1st Airdropped to GLIPP holders) (COMPLETED)
5,000,000 early supporters airdropped to GLIPP/WGO Holders (COMPLETED)
5,000,000 withheld for bounties
15,000,000 BURNED to reduce total to 85 million (COMPLETED)
Remaining 60,000,000 AIRdropped to all WAVES wallets (pending)