Objective:

To create a blockchain-based system for selling books, where buyers can purchase books using Copia tokens.

System Components:

  1. Blockchain Platform: Utilize a suitable blockchain platform (e.g., Ethereum, Binance Smart Chain) to create a decentralized and transparent system.
  2. Smart Contract: Develop a smart contract to automate the book sales process, ensuring secure and trustworthy transactions.
  3. Copia Token: Utilize Copia tokens as the sole payment method for book purchases.
  4. Book Registry: Create a digital registry to store information about each book, including its unique ID, title, author, and ownership details.
  5. User Interface: Design a user-friendly interface for buyers to purchase books, view their ownership details, and access digital copies of the book.

System Workflow:

  1. Book Registration: The book’s unique ID, title, author, and other relevant details are registered on the blockchain.
  2. Pricing Tiers: The 500 books are divided into five pricing tiers, with prices ranging from $10 to $100,000.
  3. Copia Token Payment: Buyers purchase books using Copia tokens, with the corresponding amount of tokens being deducted from their wallet.
  4. Smart Contract Execution: The smart contract verifies the payment and updates the book’s ownership details in the registry.
  5. Digital Copy Access: Buyers receive access to a digital copy of the book, which can be viewed and managed through the user interface.
  6. Physical Copy Shipping: For buyers who opt for a physical copy, the book is shipped to their address.
  7. System Closure: Once the 500th book is sold, the system closes, and no further sales are allowed.

Pricing Tier Details:

  1. Tier 1: First 100 books, priced at $10 each
  2. Tier 2: Next 100 books, priced at $100 each
  3. Tier 3: Next 100 books, priced at $1,000 each
  4. Tier 4: Next 100 books, priced at $10,000 each
  5. Tier 5: Final 100 books, priced at $100,000 each

Token Payment Processing:

  1. Token Deduction: The corresponding amount of Copia tokens is deducted from the buyer’s wallet.
  2. Token Transfer: The deducted tokens are transferred to the book seller’s wallet.
  3. Transaction Verification: The transaction is verified by the smart contract, ensuring secure and trustworthy payment processing.

This system ensures a secure, transparent, and efficient book sales process, leveraging the benefits of blockchain technology and Copia tokens.