What is Best Patent Token (BPT)?

Preface

In the current blockchain and intellectual property field, Best Patent Token (BPT), as an innovative platform, is gradually attracting the attention of investors and innovators. The project is committed to innovating the patent ecosystem through blockchain technology, providing patent developers with a new model of digital asset acquisition and trading.

What is Best Patent Token?

Best Patent Token (BPT) is a blockchain-based decentralized platform focused on the digitization and community sharing of intellectual property. The Best Patent team aims to provide a new gaming culture related to patents based on the actions performed by users on the BPT platform. Additionally, the BPT platform serves as a community space for sharing patents, conducting patent transactions and issuing NFTs based on patents. It also provides community certification for patent development activities. Patent developers can earn digital assets in the form of BPT tokens as rewards by sharing their patent developments or selling patent ideas, thereby generating various income streams.

Core Competency

The best patent team is composed of patent lawyers, technology commercialization experts, technology transaction experts, entrepreneurial planners, team members who have worked in public institutions such as Congress, and artificial intelligence developers. Understanding patents, patent transaction processes, patent technology commercialization processes, ensuring relationships with patent offices in various countries, and human resources based on patent standards for artificial intelligence technology are important components of the successful business. The best patent team includes experts with the above success factors as team members to increase the chances of success for patent cases.

• Core competency of team members

Best Patent team plans to cooperate with AI development companies related to patents to obtain various AI technologies to expand the Best Patent case.

• Collaborating with patent experts

Best Patent will work with various patent experts in the patent industry and leverage the network of former members of the patent lawyer team to strive for the success of the best patent projects.

• Cooperation with Venture Capitalists

Team members can use their network with venture capitalists to successfully identify excellent inventions and patents and commercialize them.

System architecture

BPT services must provide functions such as allowing users to upload various ideas and patents, participate in competitions, manage them within the platform, and receive rewards. It also includes the trading of NFT-ized ideas and patents and handling payments. Here is the architecture of BPT services:

Front-end

• Provide a web-based or application-based user interface (UI)
• Users can upload and manage creative and patent through this interface.
• Users can participate in competitions, view rewards, explore, and trade NFT products

Backend

• Processing and storing user information, ideas, and patent information (server logic implementation)
• Manage user-uploaded ideas and patents
• Processing reward calculation and expenditure allocation business logic

Blockchain API

• Interacting with the Ethereum blockchain
• Interface for deploying and executing smart contracts
• NFT化并交易创意和专利并处理奖励交易

File

• Store user information, ideas, patents, transaction history and other data.
• Use relational database (RDBMS) or NoSQL database

Cloud Infrastructure

• Establish AWS cloud infrastructure to improve service reliability and scalability

Security and Authentication

• Application of SSL certification and data encryption security technology to ensure the security of user data

How it works

Upload various creativities and patents to the BPT platform, and pay I2E and R2E rewards on the platform based on competitions and user participation. In addition, creativities or patents can be tokenized as NFT, making NFT a tradable commodity. Those who want to purchase can trade and pay on the platform, which will be used as various communication channels for the public and experts. Use AI technology to recommend AI patent trading information to users based on their needs, and use AI technology to draft patents using creative information and ChatGPT LLM technology.

Token Economics

BPT plays the role of social capital in this knowledge ecosystem, transforming human knowledge and experience into digital tokens and giving them their due value. BPT serves as the intellectual and social currency for measuring invention activities and patent content, deriving its value from the ecosystem of extensive invention activities and the efforts of the Best Patent team. At the same time, BPT is also a key component of the Best Patent community platform, providing rewards for users who continuously create high-quality patent content.

Token allocation

Total token supply: 5,000,000,000 (100%)

• Operation
  Distribution Quantity: 500,000,000 tokens
  Ratio: 10%

• Sales (Sale)
  Allocation Quantity: 750,000,000 TOKEN
  Ratio: 15%

• Eco
  Allocation Quantity: 2,000,000,000 tokens
  Ratio: 40%

• Marketing
  Allocation Quantity: 500,000,000 TOKENs
  Percentage: 10%

• Team & Advisor
  Allocation Quantity: 500,000,000 TOKENs
  Ratio: 10%

• Partner
  Distribution Quantity: 750,000,000 tokens
  Ratio: 15%
  The token allocation plan clearly shows the proportion of each project in the total supply, with a focus on ecological construction (40%) to support the long-term development and value creation of the platform.
  Gate.com spot trading has listed BPT, trade now:https://www.Gate.com/trade/BPT_USDT

Best Patent Token Value-Added Mechanism

• The application of supply and demand theory
  The total circulation of BPT is fixed at 10.5 billion to avoid dilution of token value due to unlimited issuance. The team follows the basic principles of economics to promote the growth of token value through supply restrictions, ensuring platform stability and long-term user benefits.

• Stable token circulation repurchase strategy
  To avoid market fluctuations caused by users quickly selling BPT on the exchange, the team has implemented a repurchase policy. The platform will use a portion of the sales revenue to repurchase BPT on the exchange, adjusting the market circulation and stabilizing the token price while maintaining a balance between buying and selling.

• Value growth brought by network effect
  With the increasing number of users, the network effect of Best Patent will show more value. More user participation means an increase in demand for BPT, which promotes the further growth of token value. In addition, the accumulation of a large amount of patent content data will make the service function more powerful, attracting more user participation and forming a flywheel effect of economic value, expanding the overall network value chain.
  Best Patent is committed to combining innovative patent content with token economy to create an ecosystem that incentivizes invention activities and enhances the value of patents. Through the reward mechanism, value-added strategies, and network effects of Best Patent Token (BPT), it not only provides substantial returns for users, but also paves the way for sustainable development of patent innovation.

Roadmap

Brand new perspective

NFT business

Great inventions and patents are unique assets that content creators cannot replace. Based on this view, when combining invention activities and patent content with NFT business, there will be great advantages. The Best Patent team hopes to cooperate with other teams to develop NFT business in multiple fields:

• Provide NFT minting functionality for content of invention activities and patent content
• Establish an NFT market exclusively for Best Patent services.

Enhancing the utility of the best patent token

This move will significantly enhance the utility of the Best Patent Token. In the past, the token was only used for reward purposes. The improvement in utility this time will become an important reason for holding and purchasing the token:

• Participate in new features within the Best Patent platform, such as patent auctions, etc.
• Purchase NFT-ed invention activities or patent content
• Other Related Uses

Super app for patent services

• Solving various problems, exchanging information with different people, and acquiring new knowledge are basic human needs and the essence of the Internet.
• The Best Patent team is committed to developing the platform into a super application for patent and invention services, addressing these basic needs and providing users with a complete innovation and knowledge service ecosystem.

This blueprint demonstrates Best Patent team's grand vision in NFT business, token utility enhancement, and super app development, providing more value and possibilities for patent creators.

Summary

As an innovative platform, Best Patent Token (BPT) brings a new revolution to the patent ecosystem through the combination of blockchain technology and token economics. BPT not only provides a decentralized platform for sharing and trading intellectual property, but also ensures the professionalism and sustainability of the project through cooperation with patent experts, venture capitalists, and a strong technical team. Its well-designed system architecture covers front-end user interface, back-end data management, blockchain interaction, and cloud infrastructure, ensuring the platform's efficient operation and data security. The development of BPT not only paves a sustainable path for patent innovation, but also provides a new example of blockchain technology in the field of intellectual property.