Photochain is the next generation of photostocks

Using blockchain technology, the Photochain DApp returns the control and the trust of the photography marketplace to the content producer.
Traditional photostocks are often associated with limitations and high fees for the photographer - these businesses can end up taking 90% of the works’ earnings.
With Photochain, the lack of need for an intermediary means the seller sets their own terms of sale, and can take home 95% of the revenue generated from sales.
The other 5% goes into a community pot, which is used for rewarding moderators and upkeep of the network.



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.


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: COMPLETED HARD CAP REACHED
End date: COMPLETED HARD CAP REACHED

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: 6TH APRIL
End date: 18TH MAY

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 )

Time based discounts for the PHT tokens price during the Main Sale Event:
Day 1 to 10:     -30% discount => 1 PHT = ETH 0.000119
Day 11 to 21:    -20% discount => 1 PHT = ETH 0.000136
Day 22 to 32:    -10% discount => 1 PHT = ETH 0.000153
Day 33 to 43:    -5% discount => 1 PHT = ETH 0.000162