About Photochain
Photochain is created around 4 key pillars.
P2P Marketplace
We want buyers and sellers determine their own terms of sale, so we allow them to trade directly with one another. Using blockchain to remove the need for costly processing, we guarantee photographers to receive 95% of the earnings from their works.
Easy Onboarding
A simple identity verification for all photographers. Unlike with traditional photostocks which require lots of prerequisites, a user can be actively selling work in minutes. The removal of prerequisites further allows the platform to be fully accessible and profitable to hobby, amateur and professional photographers alike.
Digital Copyright Chain
Our decentralized database ensures each uploaded photo is hashed into the blockchain and permanently linked to its owner. This link cannot be changed removed or manipulated in any way. Any further uploaded image is also hashed and compared to the existing DCC for copyright fraud. Additionally due to the permanent link, any misuse of the image outside of paid licenses is easily detectable.
Crypto Economy
We are helping to build a crypto economy, where we have more control over our data. A fairer economy where you are rewarded for your work. We believe photographers deserve fair compensation for their efforts and their creativity.
Associated agencies
Ratings
Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on 18 Apr 2018
Rated on 18 Apr 2018
5
5
4
4%
Vladimir Nikitin
ICO ADVISOR | CONSULTING |
Rated on 31 Mar 2018
Rated on 31 Mar 2018
5
5
4
4%
Solid team, interesting idea
Agree
12 people agree
Nikolay Shkilev
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on 4 Apr 2018
Rated on 4 Apr 2018
5
5
5
4%
Nathan Christian
Blockchain Technology Consultant
Rated on 27 Mar 2018
Rated on 27 Mar 2018
4
4
4
4%
updated
Agree
1 person agree
Daniil Morozov
Co-Founder Node, ICO&Business Advisor, Investor
Rated on 4 Apr 2018
Rated on 4 Apr 2018
5
5
5
4%
Experienced team and advisers. A promising project, this service will be in demand
Agree
2 people agree
Douglas Lyons
Investor and Community relations Advisor to Blockchain Projects.
Rated on 11 Apr 2018
Rated on 11 Apr 2018
5
5
1
4%
Team is great. Technology is good
Vision is great.
after reading whitepaper with an emphasis on value proposition and ROI, I do not see this as a good invesment.
Agree
1 person agree
Ralf GerteisICO team member replied on 12 Apr 2018
Dear Douglas
Thank you very much for your great rating for the Team and Vision.
So far, we were very convincing on the topics potential, value proposition, ROI and the assessment from an investment attractivity point of view.
No matter if you look at the ROI from an ICO participation or from a shareholder side we are convinced to have a very strong case as we differ also from most ICO’s that have no substance and distinct use case. The stock photography industry is monopolized and the current conditions for selling photos are extremely unfavorable for the contributors as well as for the buyers. The most popular player charges in average 77% commission, Photochain’s base commission is 5% and with premium packages 10 or max. 15%. These high commissions are also a reason why only a fragment of photos is published on photostocks and that many professional photographers try it with own websites (but they don’t have the reach). So, there is a huge market potential for our solution in this 4b USD market (until 2020) and our aggressive target is to reach a market share of 10% until the end of 2020 if we reach hard cap from what we are fully convinced as we are in late negotiation stage with huge investors.
From a technology perspective, we are the only blockchain-based venture in the area of monetization of visual content with a running prototype on Ethereum Testnet and using latest IPFS storage tech (what made us an award winning ICO at the Blockchain Leadership Summit in Zurich). And with our technology partnership with CopyTrack we have also a strong partner for our Digital Rights Management solution. And we secured technical key resources that will guarantee a fast development of the final solution.
Our strong future organic growth + acquisitions of mid-sized photostocks will generate a high token demand. We calculate already in 2019 with a multiple round-turn of our tokens compared to the total token amount (230m PHT tokens). With lean structures, a strong community based approach as well as whitelabeling of our solution (already several interested ICO’s) we will be at the same time able to make this also a very profitable business. No matter if you purchase tokens during our ICO or if you are a shareholder, we are fully convinced that Photochain will be the right choice.
We are a utility token based venture and can't give any outlook or guarantees about the token price development. This is prohibited. But what we can is to show (outlined in the above statement) what our plans are, how does that influence the token demand and how we handle token economics as this is another important factor for the ICO participants. We took various measurements for a healthy token economy like incentivation schemes for token holders with a certain threshold, special features which can be bought with tokens, various lock-up periods with many different end dates also included in the main sale as voluntary option with add. discount.
In the name of Photochain – we fully respect your opinion, but if these explanations gave you some new insights, we would be happy if you can re-assess your rating. And if you need more information about our business planning, please let us know.
Photochain Team
Thank you very much for your great rating for the Team and Vision.
So far, we were very convincing on the topics potential, value proposition, ROI and the assessment from an investment attractivity point of view.
No matter if you look at the ROI from an ICO participation or from a shareholder side we are convinced to have a very strong case as we differ also from most ICO’s that have no substance and distinct use case. The stock photography industry is monopolized and the current conditions for selling photos are extremely unfavorable for the contributors as well as for the buyers. The most popular player charges in average 77% commission, Photochain’s base commission is 5% and with premium packages 10 or max. 15%. These high commissions are also a reason why only a fragment of photos is published on photostocks and that many professional photographers try it with own websites (but they don’t have the reach). So, there is a huge market potential for our solution in this 4b USD market (until 2020) and our aggressive target is to reach a market share of 10% until the end of 2020 if we reach hard cap from what we are fully convinced as we are in late negotiation stage with huge investors.
From a technology perspective, we are the only blockchain-based venture in the area of monetization of visual content with a running prototype on Ethereum Testnet and using latest IPFS storage tech (what made us an award winning ICO at the Blockchain Leadership Summit in Zurich). And with our technology partnership with CopyTrack we have also a strong partner for our Digital Rights Management solution. And we secured technical key resources that will guarantee a fast development of the final solution.
Our strong future organic growth + acquisitions of mid-sized photostocks will generate a high token demand. We calculate already in 2019 with a multiple round-turn of our tokens compared to the total token amount (230m PHT tokens). With lean structures, a strong community based approach as well as whitelabeling of our solution (already several interested ICO’s) we will be at the same time able to make this also a very profitable business. No matter if you purchase tokens during our ICO or if you are a shareholder, we are fully convinced that Photochain will be the right choice.
We are a utility token based venture and can't give any outlook or guarantees about the token price development. This is prohibited. But what we can is to show (outlined in the above statement) what our plans are, how does that influence the token demand and how we handle token economics as this is another important factor for the ICO participants. We took various measurements for a healthy token economy like incentivation schemes for token holders with a certain threshold, special features which can be bought with tokens, various lock-up periods with many different end dates also included in the main sale as voluntary option with add. discount.
In the name of Photochain – we fully respect your opinion, but if these explanations gave you some new insights, we would be happy if you can re-assess your rating. And if you need more information about our business planning, please let us know.
Photochain Team
Richard Kastelein
ICO Advisor, 40+ ICOs, Editor-at-Large Blockchain News, partner Blockchain Partners, founder Cryptoassets Design Group
Rated on 6 Apr 2018
Rated on 6 Apr 2018
5
5
5
4%
Finally a solution that addresses IP around photography. The incumbents in this space are horrific. Getty tried to charge Carol Highsmith for her own photo - and she had donated her life's work 18,000 of her photos that she had already donated to the public for free, via the Library of Congress. Awesome!
Agree
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on 8 Apr 2018
Rated on 8 Apr 2018
5
5
4
4%
Passed on kyc
Have demo
Great team and advisory board ....
Agree
Igor Karavaev
ico advisor and investor
Rated on 29 Mar 2018
Rated on 29 Mar 2018
5
5
5
4%
A promising idea if well implemented. The team deserves 5 as well
Agree
7 people agree
Ilya Anikin
Business strategy, investment deals, investor relations
Rated on 2 Apr 2018
Rated on 2 Apr 2018
5
5
5
4%
Working MVP. Experienced team. The existing monopolized market, where decentralization will substantially increase the earnings of users. 35.000 subscribers in Telegram. Very strong project.
Agree
Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on 8 Apr 2018
Rated on 8 Apr 2018
4
3
3
4%
Suumit Shah
Serial Entrepreneur | Angel Investor | ICO Advisor | Digital Marketing Expert
Rated on 2 Apr 2018
Rated on 2 Apr 2018
4
4
5
4%
No actual product, just a demo! Whitepaper is average! Be careful before investing!
Update:
Updated rating after the chat with the founding team member.
Agree
3 people agree
Irina Nikitina
ICO Advisor
Rated on 2 Apr 2018
Rated on 2 Apr 2018
5
5
4
4%
Good vision
Need working product
Agree
5 people agree
Joseph Lowe
ICO Advisor | Integration Strategy l Certified Cryptocurrency Expert | realicons.io
Rated on 10 Apr 2018
Rated on 10 Apr 2018
5
5
4
3%
Great idea, good job!
Agree
Paul Mears
ICO investor, cryto trader and ex angel investor
Rated on 23 Apr 2018
Rated on 23 Apr 2018
4
4
4
3%
This is good overall, i like this and see good potential in this. Think the caps are high , but also good to see advisors who are relevant to project and not a rap sheet of 'names'
Agree
Ralf GerteisICO team member replied on 24 Apr 2018
Dear Paul
Thank you very much for your positive rating and assessment of the potential of Photochain - highly appreciated!
Regarding the caps: Our total (max.) amount of tokens is 230m PHT tokens and our effective hard cap for sale (all sale stages) is 180m PHT tokens. If all discounts are considered we calculate with a hard cap of around 14m USD.
Kind regards
Photochain Team
Thank you very much for your positive rating and assessment of the potential of Photochain - highly appreciated!
Regarding the caps: Our total (max.) amount of tokens is 230m PHT tokens and our effective hard cap for sale (all sale stages) is 180m PHT tokens. If all discounts are considered we calculate with a hard cap of around 14m USD.
Kind regards
Photochain Team
Pankaj Gupta
ICO Adviser, Marketing Expert, Entrepreneur in mHealth, Renewable Energy, Blockchain, Retail Space
Rated on 10 Apr 2018
Rated on 10 Apr 2018
5
5
4
3%
++ Solid team with huge experience around photography IP etc.
++ Great vision. Photography monopoly has to be disrupted using power of Blockchain
++ Working MVP, detailed whitepaper
+- Execution could be very challenging as imposing IP isn`t that simple.
Agree
Purushotham Maralappa
ICO Adviser |Blockchain Community Manager | Business Analyst
Rated on 9 Apr 2018
Rated on 9 Apr 2018
5
5
4
3%
Simon Cocking
Editor in Chief, Cryptocoin.News
Rated on 22 Mar 2018
Rated on 22 Mar 2018
4
4
3
3%
It's a compelling idea, and a good example of a viable blockchain usecase.
Team looks well fleshed out, challenge will be to execute faster than others - as they will not be the only people trying to pull this off.
Agree
1 person agree
Alex Chang (Chia Ming)
CEO
Rated on 2 Apr 2018
Rated on 2 Apr 2018
4
4
4
3%
Nice project, definitely fit the needs for people, but it would be crowded soon for the decentralized system upon IPFS.
Agree
2 people agree
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on 2 Apr 2018
Rated on 2 Apr 2018
5
5
5
3%
I see big things coming for this ICO.
Had a great chat with the team, they are determined and passionate about their project. I see nothing but success on their minds
Agree
Alexei Strasser
Serial Entrepreneur | Growth Hacking ICOs & Blockchain Services| Advisory
Rated on 12 Apr 2018
Rated on 12 Apr 2018
4
4
3
2%
Good and reasonable vision, focusing on an essential problem. As attractive that direction is, as big the competitors will as soon as the adoption starts to rise. The product itself doesn't seem finished yet but I'm convinced they will deliver.
Agree
Fanjiang Zeng
Cryptocurrency Speciallist, ICO Advisor & Angel Investor
Rated on 7 Apr 2018
Rated on 7 Apr 2018
5
5
5
2%
Great idea and good work on the MVP! I believe Photochain can easily attract a lot of users!
Agree
Prof. Dr. Ralf Wandmacher
Professor of Finance and Entrepreneurship
Rated on 11 Apr 2018
Rated on 11 Apr 2018
5
4
3
1%
Team
Pros:
- a lot of knowledge and experience with UX and tech
Cons:
-
Vision
Pros:
- distribution platform for photos where the content provider gets a fair share
Cons:
- distribution with moderators but less a community,
Product
Pros:
- creators get finally a fair share
- low fees for the creators
- moderation and reward system
Cons:
- censors offensive content quite massively
- pure utility token
- Management & Team & Legal getting 14% of the tokens
- 4% of the tokens for Advisors
updated 11.04.18 after new information from Ralf Gerteis
Agree
Mark van Dijk
Marketing Professional | Blockchain Consultant | ICO Investor | Digital Strategist
Rated on 25 Apr 2018
Rated on 25 Apr 2018
5
2
3
1%
Good use case to store and guard photo IP on the blockchain. Solid team and advisors.
Success will be about execution and speed of adoption/marketing (i.e. fast building both sides of the marketplace), acquisition & partnerships of stock sites and adoption/marketing.
The competition is crowded and if adoption doesn't go quick enough competition will include
Weak point imo is the vision (no roadmap after Q318), optimistic financials and the Photochain coin. There is no real need for a coin and there is no option to use fiat which will block mainstream adoption nowadays. The expected volatility of the coin is a problem for both buyers and sellers.
Finally 1M+ transactions out of 750K photos in 2018 looks way too optimistic.
i hop you succeed and put focus on mainstream adoption and filling the marketplace quickly.
Agree
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Financial
Token info
Token
PHT
Platform
Ethereum
Type
ERC20
Price in ICO
1 PHT = 0.12 USD
Bonus
| Community Sale | |
| Days 1 to 3 | 30% |
| Braveheart Sale | |
| Days 1 to 10 | 30% |
| Days 11 to 30 | 20% |
| Remnant Sale | |
| Days 1 to 10 | 10% |
| Days 11 to 20 | 5% |
Tokens for sale
170,000,000
Investment info
Min. investment
0.2 ETH
Accepting
ETH, BTC
Distributed in ICO
79%
Soft cap
165 723 285 PHT
Hard cap
230 000 000 PHT
Milestones
1
April 2017
Idea, business case and market research.
2
June 2017
Project evaluation. Development of the DApp prototype.
3
September 2017
Strategy & Design. Go-Live of the DApp prototype.
4
October-November 2017
Preparation for crowdsale. Communication and marketing activities.
Commitment of the Blockchain Community. Commitment of the photography community. Legal form. Advisers and new team members.
5
December 2017
Pre-Sale preparations. Private Pre-Sale at special discounts for eraly supporters.
6
January 2018
Private Pre-Sale preparations. Private Pre-Sale at special discounts for early supporters. Enhanced documentation and planning. New team members. Community growing. New partnerships.
7
February 2018
Transition. Preparation for Main Sale Event .
Compliance and regulations.
Developing a more comprehensive Photochain DAPP version.
8
Q1 2018
Main Sale event (ICO). Publishing of new collaboration partners.
Regulatory compliance for our Main Sale Event.
9
Q2 2018
Operation. Photochain DApp Version 1.0 on the Ethereum. Mainnet.
Trading of the PHT Tokens at Crypto Exchanges.
10
Q3 2018
Continual improvement. Photochain DApp as standalone client on all common operating systems.