Photochain: The Next Generation of Photostocks

Photography is an area that has succeeded in attracting attention from every age group as an art. Therefore, photography can be done professionally and professionally as well as amateurly as a hobby. Today’s advanced technologies and applications also offer opportunities to make money by exhibiting their products for amateur and professionals through photography art. However, very limited digital platforms can generate very limited services for customers and buyers in terms of access and commission fees.The world of imagery and photography is often looked down upon, but that hasn’t stopped it from becoming a 3 billion USD per annum market. Photographs are still one of the primary ways we communicate with the world, with pictures being uploaded to Instagram, Snapchat, facebook and several places for free.

High quality images are one of the primary ways of showing sophistication, and the prep time it takes for many shots usually justifies the price tag that are seen on stock photos. Popular services like Shutterstock, Getty images control a large percent of the stock photo industry, yet contributors and customers are often unable to meet up with their stringent rules, fees, and mannerism.

What is Photochain?
The Photochain project is a kind of photo exchange where photographers at every level can find digital products they produce with potential buyers without any quota on a platform named Photochain DAPP created. In order to provide simplicity and transparency, the operations on the platform have been designed to be easily done. The artist prides and sells his product as he wants. The buyer gets the salary and the buyer gets the salary at the time the salary is paid. Unlike other traditional structures, Photochain DAPP uses the sub-structure of Ethereum smart contracts, providing automatic, reliable and effective services as a payment and commissioning system.

Artists are the sole and exclusive authority for the content of the product or the pricing of the goods to be sold. The platform charges only a 5% commission on the sale price of the product that the artist specifies for the artist. Thus, 95% of income remains entirely a seller. This will contribute to the development of the art of photography, the proliferation of more digital photography products, and the increase in the number of photography artists and artists. On the other hand, if the content violates the law in terms of compliance with the law, it will be the artist who broadcasts on a single responsible platform. Within this platform, a Rulebook is prepared for everyone to access.

Problem solving
In the Photochain ecosystem there will be basically three groups of people. These are sellers, buyers and moderators. People who are members of Platforma have to register their identity information in order to become a seller. This information is also important in terms of copyrights as it will be matched to its products at the same time. Each platform member can be a buyer at the same time. Recipients do not have to create ID records. However, it is recommended that buyers also enter their credentials into the system. This allows merchants to easily access this information when creating invoices. Moderators play a role in solving the problems that may arise between the seller and the buyer. This will ensure the continuity of the Photochain ecosystem. Each platform user can be a moderator.

Within the Photochain DAPP platform, a rating and reward system has been developed to improve the interaction and motivation between the user community. Increasing the number of users included in the rating system by providing their name information will increase the level of reliability in terms of potential customers.

Problem solving
Blocking technology is more and more part of our lives, we gradually get used to them and already in a couple of hours all will use them. Blocking will increase the trust in this market of sales of photos. You do not need to worry that your content will be stolen by anyone. The platform will completely protect your copyrights.
Photochain is a decentralized platform that uses smart contracts based on blockchain Ethereum. Smart Contracts provides security for transactions on the platform. When the sale is made, the seller is paid, and the buyer simultaneously acquires the purchased image. All this is mediated by intellectual contracts. Thus, Photochain does not require centralized authority to ensure the correctness of transactions. This reliability is inherently contained in blockchain technology, and the Photochain platform is designed from the ground up to solve the problems of traditional photo platforms. In addition, machine learning is used as solutions to other problems exhibited by photostocks, and the wisdom of the community controls the platform as a whole.

Token Sales and Distribution
Photochain tokens are called PHOTONS, an ingenious play on the word photon, which means a light particle.
The PHOTON tokens are built on the ethereum blockchain, which makes it an ERC-20 token. 79% of the tokens will be sold during the pre-Ico and ICO stages, and it can be bought using ethereum or bitcoin.
A total of 230m PHOTON tokens will be created, with 170m for sale.
The token will be distributed after the crowdsale.
Token allocationpercentageToken sale79%Management & team & legal14%Adviser4%Bounty3%
Proceeds from the token sales will be used as below
Expenses percentage IT development 30%Marketing 30%Copyright and Licensing 10%Infrastructure 8%R&D and Platform evolution 5%Legal, accounting, audit 4%Cooperation with photo agencies 4%Allocation to contributors 4%Business development 3%Conferences and meetups 2%

ICO Details
The ICO starts on thr 6th if April 2018 at 8AM CET, and runs through to the 18th of May 2018 the token can be purchased using Ethereum or bitcoin, the exchange rate of 1 PHT = 0.00017ETH.
The minimum transaction used to purchase is 0.1 ETH, while the maximum is 1000ETH
Based on when you join the token sale, you’re given a certain amount of discount;
For the first 10 days, -30% discount is given, or 1PHT = 0.000119ETH
For the next ten days after that and the one after that, discounts corresponding to -20%, then -10% and finally -5% are given.
20% discount corresponding to 1PHT = 0.000136 ETH at day 11- 21
10% discount corresponding to 1PHT = 0.000153 ETH at day 22- 32
5% discount corresponding to 1PHT = 0.000162 ETH at day 33–43

Roadmap
Date Innovation April 2017 Idea-Idea business case and market research June 201 7Project evaluation-Devopment of DApp prototype Sept 2017 Strategy&design-Go-live of the Dapp prototype Oct-Nov 2017 Preparation for crowdsale-Communication and marketing activities-Commitment of the Blockchain Community-Commitment of the photography community-Legal form-Advisers and new team members Dec 201 7Pre-Sale preparations-Private Pre-Sale at special discounts for early supporters Jan 2018 Private Pre-Sale preparations-Private Pre-Sale at special discounts for early supporters-Enhanced documentation and planning-New team members-Community growing-New partnerships Feb 2018 Transition-Preparation for Main Sale Event-Compliance and regulations-Developing a more comprehensive Photochain DAPP version Q1 2018Main Sale event (ICO)-Publishing of new collaboration partners-Regulatory compliance for our Main Sale Event Q2 2018 Operation-Photochain DApp Version 1.0 on the Ethereum-Mainnet-Trading of the PHT Tokens at Crypto Exchanges Q3 2018 Continual improvement-Photochain DApp as standalone client on all common operating systems.

Links:
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
Medium — https://medium.com/@photochain
Instagram — https://www.instagram.com/photochain.io/
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1279177