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Currently we are living in an innovative 3.0 web era that enables global human networks, with the help of high data availability and high data throughput. The use of blockchain technology allows peer-to-peer (p2p) systems to operate safely and securely, without the need for central authority. This technology opens new horizons for architecture and software applications. It provides a list of safe and verifiable transactions that are available to all users at any given time. With so-called Smart Contracts, blockchain ethereum technology opens the possibility to check for true compliance with digital deals using machines. Therefore, conditions for the settlement of smart contracts are met only if both parties have fulfilled their digital contract portion. Therefore, the machine leaves no room for harmful interference. Ethereum ‘Solidity’ language flexibility facilitates the adoption of many use cases, the use of which was recently considered a utopian.

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

Thus, the specific usage requirements for this platform, ensuring a safe, uncomplicated and fair trading process for both parties. Moreover, the artist receives up to 95% of the final sale price.

The Mission Of The Photochain Project

Photochain provides a clear advantage over conventional photo stocks for both types of users: contributors and customers. Contributors in Photochain benefit from a very low cost – only 5% of the sale price. The opportunity to maintain 95% of the final sale price allows contributors to offer their jobs cheaper, and consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should also benefit the photography industry as a whole, as the possibility of increased revenue contributes to better performing contributions.

This profound market change is possible only by using blockchain technology, Intelligent Contracting, machine learning and the user community of Photochain itself. Most processes become automated and decentralized, significantly reducing platform governance costs. It is undeniable that more and more stock photography contributors and customers will prefer to use Photochain.

The development of the Photochain platform is an ambitious and growing process organically. Our ultimate goal for this project is under three important branches:

• P2P Markets  – It is important to us that only the artists themselves can determine the value of their work and they are given the opportunity to offer their work to many potential buyers. Our platform provides this opportunity that is realized by using synergies from Blockchain technology and machine learning.
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• The Crypto Economy  – The Photochain platform appeals to a wide audience that currently still has not adopted blockchain and cryptocurrency technologies. The use case of “Photochain” can attract this audience. The easy-to-use GUI and trading process facilitates the onboarding process and supports Crypto Economy becoming mainstream.
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• Photochain Digital Copyright Chain: DCC  – As the project progresses, more artists will be able to strengthen their copyright using the Photochain platform, as their work will be tied to their name. This link is manifested as a transaction in the Ethereal block and therefore visible to all users at any time. This means the artist’s ownership of the image can be accounted for. Databases with all tangible links have been built in a decentralized way.

Platform Photochain

Characteristics of Photochain DApp

Security

• The benefit of blockchain technology means transactions are fully secure and verifiable at all times for both the photographer and the buyer

Decentralised storage

• 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.

Contents

• 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.

Copyright

• By employing machine learning bots and also incentivising of the Photochain community through rewards.

Photochain Token facts

Trading on Photochain DApp is conducted through PHOTON token (PHT). PHOTON token is the means of rewarding used across the Photochain Ecosystem. Any type of transaction on the platform will require the use of PHOTON Tokens.

Use Cases for Photon Token are:

• Sales commission to the photographers
• Rewarding the resolving on claims
• Listing on „featured photographer“ — section
• Service delivery from Photochain’s partners (like our cooperation partner 1World)
• Featured in search results
• Other microservices, which will facilitate the Photochain Ecosystem in future

• Token Name: PHOTON (PHT)
• Represented value: tokenization of digital visual works
• Standard: Ethereum ERC20, utility based
• Price per Token: 0.00017 ETH
• Pre-Sale Cap: 10,000,000
• Crowdsale Cap: 165,723,285
• Hard Cap: 230,000,000
• Token Privileges: platform utility token
• Release Date: issued after crowdfunding

Photochain Crowdsale

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.

Private Pre-Sale:

Already started! Please register https://photochain.io/ and get the latest info — we have a personal chat with every participant.

Pre-Sale:

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

Currency accepted: ETH, BTC, LTC
#Token exchange rate: 1 PHT = 0.000102 ETH (accordingly 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: NOW
End date: 29th February 2018, 23.59 CET

Photochain Main Sale

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 the delivering the 1. 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

Website: https://photochain.io/
Whitepaper: https://goo.gl/NDB3wZ
Instagram: https://www.instagram.com/photochain.io/
Twitter: https: // twitter. com / photochain_io
Facebook: https://www.facebook.com/photochain.io/
Telegram: https://t.me/photochain_io

Author : gendutcibicibi
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1236131
Addres ETH  : 0x0019cA15FbDf393dB85893504EA90E9d0dC735d6