jabrik edan: photochain

HALLO DEAR ALL COMMUNITY.

Motivation

Nowadays we live in the innovative era of the global network of people, with the help of high data availability and high data throughput. The use of blockchain technology enables peer-to-peer (p2p) systems to operate safely and securely, without the need for a central authority. This technology opens up new horizons for software architectures and applications. It provides a safe and verifiable transaction list available to all users at any given time. With so-called Smart Contracts, Ethereum blockchain technology opens up the possibility of checking correct compliance with digital agreements by using a machine. Therefore, the conditions for the conclusion of a digital contract. In doing so, the machine leaves no room for any malicious tampering. The flexibility of the Ethereum language 'Solidity' facilitates the implementation of many use cases, which has been regarded as utopian.

With the p2p platform Photochain, we are releasing a new concept as the next generation of a stock photography platform. We use this technology to enable fair p2p trading of digital works between artists and buyers.

By doing so, the secured and uncomplicated and fair trading process for both parties. Moreover, the artist receives up to 95% of the final selling price.

Unfavorable Sales Conditions for Artists

An artist (e.g. a photographer or designer) who wants to earn money in a fair way from selling their digital work. This is really concerning for amateur photographers and hobby artists who have not yet attained a high level of name recognition, which would enable them to sell their works at higher prices. For this group of artists, there are stock photography platforms such as Shutterstock and Adobe Stock available. These platforms can also be referred to as microstocks

Although artists can reach lots of potential buyers by putting their digital works on these platforms, they receive a tiny percentage of the sales price ,. Photo stocks can receive up to 90% of the profit margin. Also, the platforms are characterized by the stringent requirements concerning the conditions of participation for sellers. Due to these challenging conditions, the artist is obliged to publish a substantial number of images in the hope of being able to compete against the immensely high levels of competition.

More problems for the seller include the fact that it is not possible to set its own pricing, long waiting times for the verification of the content, a large number of rejections of the work by the stocks platforms, as well as long time intervals between the payments .

Stock Photography Market

We will first present the characteristics of digital photography.

Photography microstock is a steadily growing industry that can be defined by the following key points:

• Sales through the Internet

• Relatively uncomplicated acceptance of amateur photographers as opposed to traditional photo-editing agencies

• Cheap pricing - from $ 0.20 to $ 50.00 for royalty-free (RF) licenses of images

The stock photography market is currently split among a few key players such as Shutterstock, Adobe's AdobeStock, Getty Images and several other platforms. The estimated annual turnover of this market is currently around $ 2 Billion. According to analysis by the Technavio, the market turnover will grow to $ 4 Billion by 2020

Photochain Vision

Photochain's Mission

P2P Marketplace

We want buyers and sellers determine their own terms of sale, so we allow them to trade directly with one another

Easy Onboarding

A simple identity verification for all photographers. Unlike with traditional photostocks, a user can be actively selling work in minutes

Digital Copyright Chain

Our decentralized database ensures each and every uploaded photo is permanently linked to its owner. This link can not be removed or manipulated in any way.

Crypto Economy

We are helping to build a crypto economy, where we have more control over our data. A fairer economy where you are rewarded for your work.

Photochain's Ecosystem

Photochain Token

Pre-Sale PHOTON token Hard Cap: 10,000,000 PHT

Currency accepted: ETH, BTC, LTC
#Token exchange rate: 1 PHT = 0.000102 ETH (according to in other cryptocurrencies, discount of 40% on the standard PHT price).

Amount of tokens per one person: unlimited

Minimum transaction amount in Ethereum: 0.1 ETH
Maximum transaction amount in Ethereum: unlimited (within Hard Cap)

Minimum transaction amount in Bitcoin: 0.003 BTC
Maximum transaction amount: unlimited (within Hard Cap)

Start date: February
End date: February

Photochain Main Sale

Photochain Crowdsale is an important milestone for the future of the project. The financing will be expanded to 1. The Version of the Photochain DApp.

Start date: March 2018
End date: March 2018

PHOTON token Hard Cap: 165,723,285 (minus tokens sold during Pre-Sale)
Currency accepted: ETH, BTC, LTC
The exchange rate is 1 PHT = 0.00017 ETH (accordingly in other cryptoassets, time based discounts should be taken into consideration).

The minimum transaction: (0.1 ETH and corresponding value in BTC / LTC)
The maximum transaction: (100 ETH and corresponding value in BTC / LTC)

Discounts for PHT tokens:
Day 1 to 7: -30% discount
Day 8 to 14: -20% discount
Day 15 to 21: -10% discount
Day 22 to 31: -5% discount

The early participants will get the bonus.