Established in December 2012, INVITREE is a blockchain-based luxury distribution company that has hosted membership invitation sales for VIP customers and operates premium lounges. The main products on the platform include the INVI Wallet and the INVI Mall. $INVI is the native token of INVITREE that is deployed on Ethereum.
Product Certification System
By leveraging the blockchain, NFT, and other technologies, the INVI ecosystem enables tracking of luxury brand products from manufacturers to distributors to consumers and also tokenizes customers' products to genuine certification and resold in the luxury used market.
The brand company details the characteristics of the product, such as model name and size, and is recorded in the blockchain. The manufacturer makes the product based on this, and the manufacturer's name is also recorded in the blockchain. And thus, through the product certification system, distributors, carriers, and wholesale and retail companies are all recorded in the blockchain, and consumers are given QR codes to check the authenticity, service, and repair records of luxury goods.
INVITREE is founded and operated by Lee Seung Kwang, Sim Jae Du and Seo Chang Ho.
- INVI Ecosystem: INVI builds a blockchain-based distributed ecosystem that can be used cross 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.
$INVI is the native token of INVITREE that is deployed on Ethereum and functions as the payment and reward method in the ecosystem. Also, the project team plans to release additional point-type self-platform tokens in the future.
- 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.
