Photochain-The stock photography revolution

About Photochain

Photochain is a peer to peer platform, releasing new concepts for a next generation stock photography platform. Photochain will be a vehicle for fair trading of digital works between artists and buyers. Photochain uses blockchain technology to reinvent photostocks around the buyers and the sellers.
Photochain DApp as a Solution to the Artist’s Problems

By developing the Photochain platform, we present the possibility for artists to sell their works directly to their customers, on their own terms. Mediated by Smart Contracts, when a sale is made, the seller is paid, and the buyer receives the purchased picture immediately. Thus, Photochain doesn’t require a centralised authority to ensure the correctness of transactions. This reliability is inherently contained in the blockchain technology.

The Photochain platform has been engineered from the ground up, to solve the problems of traditional stock photography platforms. For ongoing development, the wisdom of the community oversees the platform and machine learning is employed to find solutions for other problems.

photochain
Photochain Platform

With all currently existing stock photography platforms, the only way security of transactions can be ensured is via central control. Our platform works autonomously, securely and efficiently based on predefined rules. We are developing the Photochain DApp [5] on the Ethereum blockchain. Additionally, Photochain also uses computer vision (machine learning) to fulfill the specific technological requirements of stock photography. The Photochain DApp is a platform on which artists have the opportunity to sell their work to a broad audience at a price they themselves set, and where sellers are also fully and solely liable for the works they sell themselves.
Photochain’s Mission

Photochain has clear advantages for contributors and customers. Contributors at Photochain benefit from an extremely low fee – only 5% of the selling price. Keeping 95% of the final sale price allows contributors to offer their work cheaper. 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.
Photochain Network Governance

Photochain’s Governance team is tasked with accompanying the Photochain DApp on its way to being a fully-formed DAO. Photochain Governance develops new versions of the clients’ as well as Photochain’s Smart Contracts. It also implements the rules as well as running the infrastructure (IPFS Node, Ethereum Node), which will be initially necessary. Furthermore, Photochain Governance offers a team of moderators that will, especially in the initial phase of the DApp, be needed to resolve claims.
Security Considerations

A “decentralized autonomous organization” (DAO) is an organization governed by an initial set of rules and codified into Smart Contracts. This organization’s biggest strength is rooted in the decision-making capacity of its community as future developments and changes undergo a democratic voting process. The Photochain DApp has been developed in accordance with the latest security standards and is subject to a Continual Improvement Process. The Photochain Governance Team is dealing with a tracking issue and will use their best practices to improve the Photochain Client. This applies in particular to the security updates within Photochain Smart Contracts.

PHOTON Token Mechanics
Token Mechanics Metrics
Token Name PHOTON (PHT)
Price per Token (in ETH) 0.00017 ETH
Pre-Sale Cap (PHT Tokens) 10,000,000
Main Sale Cap (PHT Tokens) 170,000,000
Hard Cap (PHT Tokens) 230,000,000
Token Privileges platform utility token
Token Allocation %
Token Sale 79%
Management & Team & Legal 14%
Adviser 4%
Bounty 3%

Photochain Token Sale (ICO)

Pre-Sale successfully ended.

The Photochain Crowdsale is an important milestone for the future of the project. The financing will mainly be needed to expand the Photochain Governance Team and for delivering the 1.0 version of the Photochain DApp.

Start date: 06.04.2018 at 00:00 am CET
End date: 08.04.2018 at 23:59 pm CET
Time based discounts for the PHT tokens price during the Main Sale I

Event: Day 1 to 3: -30% discount => 1 PHT = 0.084 USD
with optional (voluntary) vesting period of 12 months: -40% discount => 1 PHT = 0.072 USD
Maximum transaction amount = 25 ETH

ICO Main Sale II “Braveheart Sale”, for 30 days:
(open sale, non-capped within hard cap limit)
Start date: 09.04.2018 at 00:00 pm CET
End date: 08.05.2018 at 23:59 pm CET
Time based discounts for the PHT tokens price during the Main Sale II Event:
Day 1 to 10: -30% discount => 1 PHT = 0.084 USD
with optional (voluntary) vesting period period of 4 months: -35% discount => 1 PHT = 0.080 USD
Day 11 to 30: -20% discount => 1 PHT = 0.096 USD
with optional (voluntary) vesting period period of 6 months: -25% discount => 1 PHT = 0.090 USD

Maximum transaction amount = 10,000 ETH

ICO Main Sale III “Remnant Sale”, for additional 20 days:
(open sale, non-capped within hard cap limit)

Start date: 11.06.2018 at 00:00 am CET
End date: 30.06.2018 at 23:59 pm CET

Time based discounts for the PHT tokens price during the Main Sale III Event:
Day 01 to 10: -10% discount => 1 PHT = 0.108 USD
with optional vesting period period of 8 months: -15% discount => 1 PHT = 0.102 USD
Day 11 to 20: -5% discount => 1 PHT = 0.114 USD
with optional vesting period period of 10 months: -10% discount => 1 PHT = 0.108 USD

Maximum transaction amount = 10,000 ETH
General ICO Sale Information/ Token Economics:
Maximum Amount of PHOTON Token: 230,000,000
PHOTON Token ICO overall Hard Cap (total tokens for sale): 180,000,000
Currency accepted: ETH, BTC
The exchange rate is 1 PHT = 0.12 USD (cryptocurrency equivalent at real-time exchange rates at time of transfer, time based discounts apply)
Minimum transaction: (0.2 ETH and corresponding value in BTC)
Maximum transaction: (dependent on sale phase. Between 25 ETH and 10,000 ETH – corresponding value in BTC)
Only sold and allocated tokens are minted (no need to burn unsold tokens)

Some Important Links of Photochain
Website= https://photochain.io/
Whitepaper= https://docs.google.com/document/d/1C4UPA9-9o2cOLJOEYMIVwN_Fi3Ebtn2YcRua58hQ7_0/edit?usp=sharing
Twitter= https://twitter.com/photochain_io
Facebook= https://www.facebook.com/Photochain-141364963181927
Telegram= https://t.me/photochain_io
Medium= https://medium.com/@photochain
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My Bitcointalk Username= Mungurul
Bitcointalk Profile= https://bitcointalk.org/index.php?action=profile;u=1014315
Myetherwallet= 0xf6cd3f4FB6ff269271FC56C205C5b0a8b2Cc3650