Photochain is a decentralized, revolutionary Stock Photography Platform on Blockchain with fair Conditions, lowest Fees on the Market and full Control over the Content for the Contributor.
With the p2p platform Photochain, releasing a new concept as the next generation of a stock photography platform is possible. Using this technology to enable fair p2p trading of digital works between artists and buyers.
Photochain gives clear advantages over conventional photo stocks to both kinds of users: contributors and customers. Contributors at Photochain benefit from an extremely low fee - only 5% of the selling price. This opportunity to keep 95% of the final sale price allows contributors to offer their work cheaper, and consequently the market becomes more affordable for customers. This type of fair market not only benefits the users, but should benefit the photography industry as a whole, as the possibility of increased income incentivizes contributors to perform better.
These profound market changes are only made possible by using blockchain technology, Smart Contracts, machine learning and Photochain’s own user community. Most of the processes become automated and decentralized, significantly reducing costs of platform governance. It’s unavoidable that more and more stock photography contributors and customers will prefer to use Photochain.
Currently there aren’t many options available to an artist (e.g. a photographer or designer) who wants to earn money in a fair way from selling their digital work. This is particularly 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 only receive a tiny percentage of the sales price,. Photo stocks can receive up to 90% of the profit margin. Also, the platforms are characterised by 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’s not possible to set his own pricing, long waiting times for verification of the content, a large number of rejections of the work by the photo stocks platforms, as well as long time intervals between the payments.
By developing the Photochain platform, we present the possibility for artists to sell their works directly to their customers, and on their own terms. Photochain is a decentralised platform that uses Smart Contracts based on the Ethereum blockchain. Smart Contracts ensures the security of transactions on the platform. When a sale is made, the seller is paid, and the buyer receives the purchased picture simultaneously. This is all mediated by the smart contracts Thus, Photochain does not require a centralised authority to ensure the correctness of transactions.
This reliability is inherently contained in the blockchain technology, and the Photochain platform has been designed from the ground up to solve the problems of traditional stock photography platforms. On top of this, machine learning is employed as solutions to the other problems photostocks exhibit and the wisdom of the community oversees the platform as a whole.
Buyers and sellers determine their own terms of sale, so we allow them to trade directly with one another.
A simple identity verification for all photographers. Unlike with traditional photostocks, a user can be actively selling work in minutes
Digital Copyright Chain
Decentralized database ensures each uploaded photo is permanently linked to its owner. This link cannot be changed removed or manipulated in any way.
Helping to build a crypto economy, where we have more control over our data. A fairer economy where you are rewarded for your work.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
ICO Main Sale III “Remnant Sale” —
10 Jun 23:00 UTC
30 Jun 22:59 UTC
|0.114 USD||No||Max 10000 ETH||Uncapped||Uncapped|
ICO Main Sale II “Braveheart Sale III ” —
08 May 23:00 UTC
11 Jun 22:59 UTC
|0.102 USD||15% - 20%||Max 10000 ETH||Uncapped||Uncapped|
ICO Main Sale II “Braveheart Sale I & II” —
08 Apr 23:00 UTC
08 May 22:59 UTC
|0.096 USD||20% - 35%||Max 10000 ETH||Uncapped||Uncapped|
ICO Main Sale I “Community ♡ Sale” —
05 Apr 23:00 UTC
08 Apr 22:59 UTC
|0.084 USD||30% - 40%||Max 25 ETH||Uncapped||Uncapped|
01 Jan 00:00 UTC
29 Jan 00:00 UTC
|0.00008 ETH||50%||Min 0.1 ETH||Uncapped||Uncapped|
Day 01 to 10:-10% discount => 1 PHT = 0.108 USD
with optional vesting period period of 8 months: -15% discount => 1 PHT = 0.102 USD
Day 11 to 20: -5% discount => 1 PHT = 0.114 USD
with optional vesting period period of 10 months: -10% discount => 1 PHT = 0.108 USD
-15% discount => 1 PHT = 0.102 USD
with optional (voluntary) vesting period period of 4 months: -20% discount => 1 PHT = 0.096 USD
Day 1 to 10:-30% discount => 1 PHT = 0.084 USD
with optional (voluntary) vesting period period of 4 months: -35% discount => 1 PHT = 0.080 USD
Day 11 to 30:-20% discount => 1 PHT = 0.096 USD
with optional (voluntary) vesting period period of 6 months: -25% discount => 1 PHT = 0.090 USD
Day 1 to 3:-30% discount => 1 PHT = 0.084 USD
with optional (voluntary) vesting period of 12 months: -40% discount => 1 PHT = 0.072 USD