Introducing Cosmochain| Discover A Whole New Beauty Ecosystem Where Both Customers and Companies are Rewarded
Beauty market has blossomed and sustained its global growth rate at 5% annually. However, within the market, hundreds of cosmetics companies have entered a zero-sum game with all but identical product lines and failed to deliver customized user experiences.
Cosmochain is a blockchain based cosmetics social networking platform serving both users and manufacturers. When a customer writes a review, upvotes on the review gives you rewards and the whole ecosystem aims to prevent fake and commercial reviews. You can also share your data on the ecosystem, which interested companies can reward you back with Cosmo Coin(COSM).
The primary goal of the project is aimed at creating genuine and decentralised information sharing user experiences about beauty products with transparent and fair compensation in return for sharing. Afterward, the team will deliver a business solution, where companies can leverage on customers’ data for optimized sales/ marketing.
Cosmochain has been supported by/partnered with Kakao Investment, a subsidiary of Kakao(messaging application tech giant), ICON, Korean protocol project, coworking with Line, another messaging application tech giant based in Japan and South East Asia.
Our Goal
"An open blockchain platform connecting beauty companies with customers with transparent rewarding in fair compensation ."Why Cosmochain(COSM)?
1. Invested by Korea’s Largest Social Media Company, Kakaohttps://bitcoinexchangeguide.com/kakao-chooses-cosmochain-blockchain-beauty-platform-as-first-investment/Messaging App giant tech based in South Korea, Kakao has recently revealed that it will be entering the blockchain industry. To ensure that the team involved starts their journey on the right foot, a large investment is said to have been provided to blockchain-based beauty content provider, Cosmochain. While the specs and agreement terms were not disclosed, a representative of the Kakao team confirmed the investment made, as per CCN’s report.
2. Partnership with ICONhttps://medium.com/@Cosmochain/cosmochain-entered-into-dapp-partnership-with-icon-496576a6e81fICON-A major Korean Protocol- made its commitment to partner with Cosmochain for DApp development partnership. ICON will have secured thousands of ETH worth of COSM using its own coin, ICX to facilitate a seamless partnership. ICON is another blockchain project supported and co-working with another Messaging application giant, LINE.
3. Team of ExpertsCosmochain is advantageous in creating a beauty platform as its founding members are experts in the industry. Not to mention Huiseoul – a professional K-beauty consulting and beauty product market platform for China – is the partner company of Cosmochain. In fact, Huiseoul is where the idea of Cosmochain began. Founded by Howon Song, CEO of Huiseoul and Cosmochain, Huiseoul has gradually gained its fame in China and in the year 2017, it marked $40M sales record and became the best mobile sales platform in China. Huiseoul’s 4 years of cosmetics sales/distribution know-how and gathered skin data of more than 5 million customers will effectively leverage the COSMEE platform in increasing brand awareness and enhancing organic growth.
4. Globally expanding, starting from South East Asia https://medium.com/@Cosmochain/korean-startup-trillionaire-co-takes-over-the-11st-thailand-branch-377d22a86474With the ambition of expanding globally, Cosmochain has recently acquired 11 Street Thailand, the Thai branch of Korea’s leading e-commerce platform. Cosmochain aims to pave the roadmap to success in the Thai market through the expansion of 11st Thailand’s e-commerce services in K-beauty and fashion by cooperating as partners to further develop service platforms, product curation and sourcing, and overall management strategies. It will additionally launch into the South-East Asian markets through e-commerce services with its joint acquisition partner, the PM group, a large Thai corporation with diverse portfolios in industrial goods, consumer goods, real estate, and entertainment. Thus, Cosmochain is strategically stretching out to the global market with the confidence that it would bring about beneficial influences on the beauty industry.
5. Taps into a new batch of crypto-traders as it would attract in women customersIf the cryptocurrency/blockchain market was heavily focused on male customers previously, Cosmochain will intensively attract in women customers as it taps into a whole new category, hence, a new batch of crypto-traders. Not only will it diversify the market in that the blockchain technology is being applied in a new category, but it will also naturally increase more people’s awareness and interest in the blockchain.
*WHAT IS COSMEE? COSMEE is a beauty community platform, resembling Steemit, with a token-rewarding algorithm integrated into it. Unlike erstwhile beauty communities where only a few of the creators received the benefit from creating contents, users on COSMEE will all be rewarded for their interaction within the platform based on a transparent and fair reward system. COSMEE already successfully was launched on 20th August, 2018. The DApp attracted wide attention upon launching, performing 50k+ downloads, COSM rewarded to 10k + non-crypto/female users and 100k + contents accumulated in COSMEE despite its pilot stage.
Available both on Google Play Store and Apple Store.
Download on Google Play Store:
https://play.google.com/store/apps/details?id=io.cosmochain.cosmeeDownload on Apple Store:
https://itunes.apple.com/kr/app/%EC%BD%94%EC%8A%A4%EB%AF%B8-cosmee/id1424747547?mt=8*ABOUT COSMOCHAINFIRST Blockchain-based Beauty PlatformCosmochain is an open blockchain-based platform that connects companies and customers together to create a transparent and nutritious cosmetics ecosystem. It is one of few actually-functioning blockchain-based projects today. There are two parts to the platform; 1) the Cosmochain Community (COSMEE) where customers can share beauty information and create related contents and 2) The Cosmochain Solution where companies can search for data, provide products to the Marketplace, and carry out various projects.
※Introductory video:
https://youtu.be/nnr2VcgUcb8*Currently being traded on:
Coinall (BTC), KuCoin (BTC, ETH), HitBTC (BTC, ETH), CoinBene (BTC, ETH), CoinZest (KRW, BTC, ETH), CPDAX (KRW), Coinrail (ETH), IDEX (ETH), UEX (ETH)
Last updated : October 19th , 2018
