In the Fashion Coin blockchain, smart contracts will be added to give users the opportunity to invest in the fashion industry. It is an important difference between Fashion Coin and other DPoS blockchains. Smart contracts will provide an intuitive graphical shell, eliminating the need for the end user to write or edit code.
A key application of smart contracts from the start will be investing in the collections of designers through the Investment platform, which is through the production of token derived designer collections based on Fashion Coin, (similar to ERC20 tokens based on Etherium), which will guarantee fulfillment of obligations. Anyone can invest in a collection using coins from their wallet and subsequently make a profit (which depends on the conditions and volume of investment).
Users will be able to invest in collections by purchasing tokens through a special interface of mobile wallets (iOS, Android). When buying tokens, users will see not only their balance in Fashion Coin, but also a set of purchased collection tokens with information provided. Tokens can be freely accessed between users; this will create a secondary market for the circulation of collection tokens. Crowdsale investment tokens will be available to unprepared users.
To support young designers, a special fund will be created, where they will be able to receive funding for their first collections. Also, each young designer will be able to find an experienced mentor to help in the creation and promotion of their product.
Also, in this service, a special branch will be created to collect statistics on emissions carried out. Thus, the investor is guaranteed to receive the specified minimum yield (soft cap).
Those designers who give users a higher average profitability, will be able to attract investor investments more easily. A guarantee of the fulfillment of obligations will be underwritten by the Blockchain Fashion Council.