Photochain is the next generation of photostocks
Using blockchain technology, the Photochain DApp returns the control and the trust of the photography marketplace to the content producer.
Traditional photostocks are often associated with limitations and high fees for the photographer - these businesses can end up taking 90% of the works’ earnings.
With Photochain, the lack of need for an intermediary means the seller sets their own terms of sale, and can take home 95% of the revenue generated from sales.
The other 5% goes into a community pot, which is used for rewarding moderators and upkeep of the network.
Characteristics of Photochain DApp
The benefit of blockchain technology means transactions are fully secure and verifiable at all times for both the photographer and the buyer
Digital works, as well as all transaction data are stored in a decentralised and encrypted manner. This is done using the IPFS protocol and Photochain DB.
The DApp is to be used exclusively for trading stock photography. Content that doesn’t fit the rules will be filtered using in-house developed bots.
By employing machine learning bots and also incentivising of the Photochain community through rewards.
We want to let buyers and sellers determine their own terms of sale and purchase, so we allow them to trade directly with one another.
A simple identity verification for all photographers. Unlike with traditional photostocks, a user can be actively selling work in minutes.
Digital Copyright Chain
On a decentralised Photochain DB, each uploaded photo is linked to a photographer through a blockchain transaction. This link cannot be removed or manipulated in any way.
Our team aspires to help contribute to building a fairer crypto economy. Decentralised services like Photochain are a big step towards this.
PHOTON Token (PHT) 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
We will offer the realization of the Photochain through two main stages: Pre-Sale and Main Sale (Crowdsale). We will publish weekly reports about the PHOTON Crowdfund in our Blog on Medium, and discuss it with the community. We want to maintain maximum transparency in all project phases.
According to the best practices of the Crowdfund process, the amount of PHOTON Token have a realistic Hard Cap. The PHOTON token issuance will take place after the Crowdsale. It may take up to 30 days to distribute the PHOTON tokens to the contributors.
According to the current regulatory situation, we will perform a KYC/AML check of every contributor in the Photochain Crowdsale. This procedure is needed to guarantee the long-term compliance of the Photochain project.
Idea, business case and market research
Development of the DApp prototype
Strategy & Design
Go-Live of the DApp prototype
Preparation for crowdsale
Communication and marketing activities
Commitment of the Blockchain Community
Commitment of the photography community
Advisers and new team members
Private Pre-Sale at special discounts for eraly supporters
Private Pre-Sale preparations
Private Pre-Sale at special discounts for early supporters
Enhanced documentation and planning
New team members
Preparation for Main Sale Event
Compliance and regulations
Developing a more comprehensive Photochain DAPP version
Main Sale event (ICO)
Publishing of new collaboration partners
Photochain DApp Version 1.0 on the Ethereum Mainnet
Trading of the PHT Tokens at Crypto Exchanges
Photochain DApp as standalone client on all common operating systems