Photochain-decentralized applications that focus on lasers



Introduction

The stock photography market is currently estimated to be a $ 3 billion industry every year and is projected to double by 2020. Though valuable, the industry is currently dominated by about 3 centralized competitors (Shutterstock, AdobeStock Adobe, Getty Images and some small platforms others) that control the price.
The stock photography platform currently shares only a small portion (23% of the average) of funds received (revenue) with actual contributors. Another limitation of the current system is that photographers can not set their own prices, and even when they are paid, the payment period is usually monthly.
In the era of blockchain technology that plagues several sectors, the stock photography industry looks like one that is ripe for harassment.

Photochain

Photochain is a peer-to-peer, decentralized stock photography platform that uses smart contracts based on the Ethereum blockchain. This is a laser-focused decentralized app, disturbing the stock photography industry with already working prototypes. The Photochain platform combines the power of the Ethereum network with the IPFS network.
Photochain intends to give back the power (income) to the contributors.
Benefits of Photochain
  • With Photochain, photographers earn up to 95% of revenue (compared to 23% on centralized alternatives) because there is a market that connects buyers to direct photographers without the need for intermediaries. Low cost (5%) also allows photographers to charge lower on Photochain compared to centralized alternatives.
  • Due to peer-to-peer market availability, photographers can offer their work to a variety of potential customers. The market also allows them to determine how much work they deserve and set their prices.
  • A dedicated data base called Digital Copyright Chain has been designed to store copyright information about every image uploaded on the platform. Being a blockchain database, this information will always be available to anyone at any time.
  • Instead of waiting to be paid every month, contributors get and receive their rewards instantly. Rewards are paid in IPM (PHOTON tokens).

Detail Token and ICO

PHOTON Tokens are the utility tokens used throughout the Photochain ecosystem.  It was designed as an ERC20 token with hard stamp of 230 million IPM.
170 million IPM will be sold during the main sale which will run from April 6, 2018 to May 18, 2018.
Minimum transaction during ICO will be 0.1 ETH or corresponding value in BTC while maximum transaction is 1000 ETH or corresponding value in BTC.
1 IPM is currently worth 0.00017 ETH.  However, time-based discounts are available for IPM token prices during Primary Sales Events.
30% discount for first 10 days at 1 PHT = ETH 0,000119.
From day 11 to 21, you get a 20% discount (1 PHT = ETH 0.000136)
Days 22 through 32 give you a 10% discount (1 PHT = ETH 0.000153).
5% discount applies for sale on days 33 to 43 (1 IPM = ETH 0.000162) after which other tokens will be sold at normal price 1 PHT = ETH 0.00017.
Both ETH and BTC will be accepted during the primary token sale and the PHOTON token will be issued after the token sale is completed.  In this way, only paid tokens will be printed, eliminating the need to burn unsold tokens.

Roadmap

Below is a roadmap for the development of the Photochain platform:
April 2017

Idea
Ideas, business cases, and market research
June 2017
Project evaluation
Development of DApp prototype
September 2017
Strategy & Design
Go-Live from the DApp prototype
October-November 2017
Prepare for crowdsale
Communication and marketing activities
Community Commitment Blockchain
Commitment photography community
Legal form
Advisor and new team members
December 2017
Pre-Sales Preparation
Pre-Sales Personal with special discount for early supporters
January 2018
Personal Pre-Sale Preparation
Pre-Sales Personal with special discount for early supporters
Improved documentation and planning
New team member
Community thrives
New partnership
February 2018
Transition
Preparation for Major Sales Events
Compliance and regulations
Develop a more comprehensive version of DAPP Photochain
Q1 2018
Sales Main Events (ICO)
Issuance of new collaboration partners
Regulatory compliance for our Major Selling Event
Q2 2018
Operation
Photochain DApp Version 1.0 in Ethereum
Mainnet
Trade of IPM token on the Crypto Exchange
Q3 2018
Continuous improvement
Photochain DApp as a stand-alone client on all common operating systems
For more information visit the link below:

By: andaresta
bitcointalk link profile: https://bitcointalk.org/index.php?action=profile;u=980024
ETH address : 0xd4BF60ac9b7D4978a2be8a19CA2BF129C5ac327d

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