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The stock photography revolution

The Photochain DApp is a platform on which artists have the opportunity to sell their work to a broad audience at a price they set themselves, and where sellers are also fully and solely liable for the works they sell themselves. The Photochain Team does not have any liability or responsibility for illegal behaviour from the sellers. This means that the artist is responsible for the legality of the works he is selling, and is held fully accountable for any illegal activity. Photochain however, will uphold users copyright protection, by preventing unauthorised sale of photography. With the p2p platform Photochain, they are releasing a new concept as the next generation of a stock photography platform. They use this technology to enable fair p2p trading of digital works between artists and buyers.By doing so, the specialized terms of use for this platform, ensure a secure, uncomplicated and fair trading process for both parties. Moreover, the artist receives up to 95% of the final selling price.

Photochain’s Mission

Photochain gives clear advantages over conventional photo stocks to both kinds of users: contributors and customers. Contributors at Photochain benefit from an extremely low fee – only 5% of the selling price. This opportunity to keep 95% of the final sale price allows contributors to offer their work cheaper, and consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.

These profound market changes are only made possible by using blockchain technology, Smart Contracts, machine learning and Photochain’s own user community. Most of the processes become automated and decentralized, significantly reducing costs of platform governance. It’s unavoidable that more and more stock photography contributors and customers will prefer to use Photochain.

Photochain’s Ecosystem

 

The Photochain DApp is a platform specialized in the trade of stock photography, in which processes are reduced to a necessary minimum in order to guarantee simplicity and transparency.

Imagini pentru Photochain’s Ecosystem

Payment (Rewarding) Process

The payment (or rewarding) process is kept simple. After selecting the works of interest to them, the buyer is prompted to reward the sum in PHT. The PHT tokens are the means of reward of the Photochain DApp and can be purchased in the Crowdsale.Further along the process in developing the Photochain DApp, they will offer an exchange service between cryptocurrencies within the Photochain Wallet module.To ease the start for people unfamiliar with Blockchain and cryptocurrencies, Photochain will seek to establish a partnership with prominent fiat to crypto services.  This makes it possible to pay into fiat money and eases onboarding onto the Photochain DApp.

Photochain Token

They are realizing the Photochain DApp through the Photon token sale. They have successfully completed our private pre-sale and our main sale will begin on 25th March 2018. In line with best practices during the main sale, the amount of Photon tokens issued will have a realistic hard cap, at which point they will close the sale. PHT tokens will be issued following the end of the main sale. It may take up to 30 days to fully distribute all tokens. To prevent us falling foul of potential future regulations, they ask for a KYC and anti-money laundering check for each contributor to the token sales. This protects both contributors and us. This also reflects our long-term commitment to comply with all legal and regulatory requirements that may be required of us.

  • About: PHOTON Token is the means of reward in the Photochain Ecosystem and represents the tokenization of digital visual works.

  • Name: PHOTON Token (PHTs)

  • Standard: Ethereum ERC20, utility based

  • Max Supply (Hard Cap): 230,000,000

  • Release date: issued after crowdfunding

  • Represented value: tokenization of digital visual works


For more information, visit the Website or read the Whitepaper.

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