[IMPACT]

Book Token is working diligently to create the foundational technology to mint book NFTs, the marketplace to buy and sell these digital assets, and the bookshelf (wallet/reader) so that readers can consume their books and earn $BOOK.

Book Token will create a digital book marketplace and exchange where anyone can collect, read and then resell what they buy - just like print books. Harnessing NFTs on Cardano, we are creating a decentralized ecosystem that allows readers to finally own their digital books. When readers consume their books, they will be rewarded in our native token $BOOK, which we are calling knowledge mining (a read-to-earn system).

This ecosystem unlocks new revenue opportunities for authors and publishers to make money in perpetuity on ongoing sales, setting up smart contracts to pay themselves, charities, and other social impact organizations.

Building true utility through the power of the Cardano blockchain will onboard massive amounts of new users in the community as readers begin to demand ownership of their digital assets. The following impact is inevitable:

• Digital books become individual and unique assets that add scarcity and inventory control
• Readers own, instead of license, their digital books and can resell them in an open market
• Publishers & Authors receive royalties on all future second-hand sales
• Ability to create collective versions, limited editions, and nearly infinite marketing combinations
• Ability to bundle physical print books with book NFTs
• Ability to partner with brands for bulk distribution
• Increased security and digital rights management
• Publishers & Authors will be able to anonymously market to anyone who holds or has owned, particular titles
• Ability to verify reading with radically change education

The mass-market, readers & publishers, don’t understand and are fearful of blockchain technology. However, unlocking the utility of Cardano for this market on an easy-to-use platform, can lead to onboarding hundreds of millions of readers and billions of dollars in digital assets.

Through our conversations with some of the top publishing houses in the world, we’ve discovered that there is already a growing demand from authors to have access to book NFTs. Our main concern at this moment is development resources to continue to stay on target and hit milestones in a timely manner.

[FEASIBILITY]

Over the next 120 days, we will be developing and launching the Book Token prototype. Long-term plans for this project can be viewed on our whitepaper at: https://book-token.medium.com/book-token-the-path-to-decentralize-knowledge-1ee651d657c3

V0.1

Ability to create new users and verify with 2FA

- System generates Wallet Address for users Bookshelf

V0.2

Smart Contract Builder Page

- Ability to input book metadata and ePub content

- Assign Transitive Royalties to different wallets

- Ability to charge a credit card to pay the minting fee

- NFTs are then stored in a Users Bookshelf/Wallet

V0.3

Ability to open the book in an open-source reader online

- Basic functionality of turning pages

V0.4

Ability to transfer the book from one wallet address to another

- Address + QR code generation

V0.5

Basic Book Exchange

- User can post a book for sale on an exchange for an amount

V0.6

Book Release Function

- User can list a book for its initial sale

V0.7

Basic Mobile App

- User can login

- User can access Bookshelf

- User can open book in Opensource Reader

- User can transfer books using QR code to another wallet

V0.8

Smart Contract Builder Page

- Book data/metadata is fully decentralized

V0.9

Advanced reader functionality

- Highlights, Notes, etc

40K- Development and outsourced dev resources

9K - Business development with publishers, including contract negotiations

500 - Endless Red Bull & Coffee for Book Token Team

Joshua Stone, CEO & Co-founder | Josh has been in Publishing Technology since 2009. Josh will run point on design, product development, and all day-to-day business activities.

Ben Illian, Co-founder | Ben has been leading the charge on partnering with publishers, which already includes 3 of the Big 5 publisher and several smaller publishing houses. It’s imperative to explain blockchain and NFT technologies to the publishing industry. These conversations are to create interest and discuss contracts to have access to their robust catalogs.

RJ Regenold, CTO | RJ has 20+ years of software engineering experience and advanced knowledge in Haskell. RJ will lead technical development and lead our outsourced dev team, which is led by the past Director of Technical Development at Zappos.

[AUDITABILITY]

Willing to allow Catalyst auditors access to our Trello boards.

We will host monthly Twitter spaces and allow access to our Telegram channel for interested Cardano community members.

Community access to any public GitHub commits.

Creating the key underlying technical foundation to create a marketplace for creating, selling, and reading book NFTs for publishers and therefore, the P2P market, with smart contracts controlling transitive royalties. At this point, we have 8 publishers and thousands of titles, ready to go live to sell NFT Books.

True long-term success will be to onboard the hundreds of millions of readers onto an easy-to-use platform that allows them to finally own and read their digital books.

No. This is our first proposal for Catalyst.