What is INVITREE (INVI)?
INVITREE (INVI) is a luxury distribution company that has hosted membership invitation sales for VIP customers and is operating premium lounges in famous hotels. INVI is the ERC 20 reward token launched by INVITREE, and it is used for compensation for production company to records their information onchain and for consumers to purchase on chain.
Who are the founders of INVITREE?
INVITREE is founded and operated by Lee Seung Kwang, Sim Jae Du and Seo Chang Ho.
What are the main features of INVITREE?
- INVI Ecosystem: INVI builds a blockchain-based distributed ecosystem that can be used smoothly beyond the barriers between more diverse potential users, corporations, and countries. Invimall will establish global services in the future to provide uniform information, access, and distribution opportunities for all users in the world, and enable users to make global transactions on their own.
- Authentication system: A blockchain-based luxury certification system is applied to secure reliability of luxury goods in the process of distributing luxury goods.
In the event of an authentication problem through the activation system, it is possible to shorten the time to identify the genuine product and immediately analyze the information recorded in the blockchain to provide transparency. - NFT for second-hand trading of luxury goods: Brand companies write down product characteristics such as model name and size in detail and record them on the blockchain. In this way, distributors, carriers, wholesalers, and retailers are all recorded on the blockchain, and consumers are given a QR code, which allows them to check the authenticity, service, and repair records of luxury goods.
- Payment: By converging the existing PG/VAN payment system with the blockchain, a network that can be easily paid with simple payment and InBToken, which are existing payment methods, is established.
- Membership Solution: It provides borderless services using cryptocurrency and enables payment by converging with fintech technology. Coupons, events, and discount information in the Invitoken reward program and promotion area are provided to general members and VIP members.
What is the utility of INVI?
Luxury brand companies and production companies record information about products (manufacturer's information, brand information, product specifications, etc.) on blockchain and obtain token compensation.
A business operator distributing luxury goods shall confirm the movement/delivery during the distribution process, and the seller shall obtain token compensation by recording transaction records of the sale.
Consumers can receive token compensation through purchase record authentication.