Today blockchain technology is enabling a global network of people to perform transactions of various kinds, peer to peer, without the need for a central governing authority. These new innovations allow people to verify these transactions safely and securely at any time.
Using Ethereum blockchain Smart Contracts, people are able to make digital agreements circumventing the need for a third party. Both parties must comply with the conditions of the contract which can be easily verified on the blockchain. Being decentralized, tampering is prevented.
Photochain is a peer to peer platform, releasing new concepts for a next generation stock photography platform. Photochain will be a vehicle for fair trading of digital works between artists and buyers.
The terms of use ensure a secure, easy to use and fair trading process for both parties. Artists will receive up to 95% of the final selling price of their digital works.
About
Photochain is a true blockchain based business model that, for the first time, enables any contributor to have full control over licensing and trading of their digital images. Photochain taps into new markets by redefining who the content creators are and empowers them to monetize their work in a fair and efficient way.
Photochain Token
We are realizing the Photochain DApp through the Photon token sale. We have successfully completed our private pre-sale and our main sale will begin on 6th of April 2018.
In line with best practices during the main sale, the amount of Photon tokens issued will have a realistic hard cap, at which point we will close the sale. PHT tokens will be issued following the end of the main sale. It may take up to 30 days to fully distribute all tokens.
To prevent us falling foul of potential future regulations, we ask for a KYC and anti-money laundering check for each contributor to the token sales. This protects both contributors and us. This also reflects our long-term commitment to comply with all legal and regulatory requirements that may be required of us.
About:
PHOTON Token is the means of reward in the Photochain Ecosystem and represents the tokenization of digital visual works and services.
Name:
PHOTON Token (PHTs)
Standard:
Ethereum ERC20, utility based
Max Supply (Hard Cap):
230,000,000
Release date:
issued after crowdfunding
Represented value:
tokenization of digital visual works
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