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 payment in the Photochain DApp and represents trading with digital, visual works.
Our crowdsale will occur in two phases: a pre-sale to early investors and a main sale.
We’ll publish weekly blogs on the Crowdsales, keeping close communication with the community.
We aim to be fully transparent for all crowdsale phases, so we will publish all Crowdsale Smart Contracts to the blockchain early, for everyone to verify. Tokens sold during the sale will be frozen in agreement with the terms of these Smart Contracts. Tokens are only sent to investors at the end of the Crowdsale round.
Name: PHOTON Token (PHTs)
Standard: Ethereum ERC20, utility based
Max Supply (Hard Cap): 500,000,000 pre-mint
Release date: issued at Pre-Sale
Represented value: trade of digital visual works
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
Pre-Sale at special discounts for eraly investors
Alpha-version of the Photochain DApp
Offline events for Photographers (Meetups etc.)
Continuous Marketing Measures
Main Sale event
Partnerships with Cryptoexchanges
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